Answer:
false
Step-by-step explanation:
i hope this helps
sorry if wrong
#Virgo2007
Answer:
The better deal would be simple interest rate of 3.2%
Step-by-step explanation:
In order to calculate which bank would be the better deal If Parker decides to deposit $7,000 for 25 years, we would have to make the following calculation:
A. simple interest rate of 3.2%.
Therefore, FV= P*r*t
=$7,000*3.2%*25
=$5,600.
B. compound interest rate of 3%
Therefore, FV=PV(1+r)∧n
FV=$7,000(1+0.03)∧25
FV=$14,656
The better deal would be simple interest rate of 3.2%
Answer to number 6 is D because to compare you need to add zeros to the end for ex.(.4_.78 = .40_.78
Given expression:
To simplify the expression as a fraction in simplest form, let us multiply both terms by 10. Then, both terms must also be divided by 10.
When 2/10 is simplified in lowest terms, we get;
Therefore, 0.8 - 0.6 in fraction form is 1/5.