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Amiraneli [1.4K]
2 years ago
8

Which models represent the sum?1.1 + 0.6Select each correct answer.

Mathematics
1 answer:
Lunna [17]2 years ago
7 0
It should be the number line
Sorry if it’s wrong :)
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The distance from a point to a line is the length of the ____________ segment from the point to the line.
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3 years ago
Megan has $15,000 to invest. She is considering two investment options. Option A pays 3.2% simple interest. Option B pays 4.1% i
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wheee



Compute each option


option A: simple interest


simple interest is easy

A=I+P

A=Final amount

I=interest

P=principal (amount initially put in)


and I=PRT

P=principal

R=rate in decimal

T=time in years


so given

P=15000

R=3.2% or 0.032 in deecimal form

T=10


A=I+P

A=PRT+P

A=(15000)(0.032)(10)+15000

A=4800+15000

A=19800

Simple interst pays $19,800 in 10 years




Option B: compound interest

for interest compounded yearly, the formula is

A=P(1+r)^t

where A=final amount

P=principal

r=rate in decimal form

t=time in years


given

P=15000

r=4.1% or 0.041

t=10


A=15000(1+0.041)^{10}

A=15000(1.041)^{10}

use your calculator

A=22418.0872024

so after 10 years, she will have $22,418.09 in the compounded interest account





in 10 years, the investment in the simple interest account will be worth $19,800 and the investment in the compounded interest account will be worth$22,418.09

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3 years ago
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