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tekilochka [14]
3 years ago
6

You are given a choice of taking the simple interest on $100,000 invested for 2 years at a rate of 3% or the interest on $100,00

0 invested for 2 years at an interest rate of 3% compounded quarterly
Which investment as the greater amount of interest? Give the difference between the amounts of interest earned by the two investments

the investment with simple? or compound?
interest earns $___ more in interest.

(Round to the nearest cant as needed.)
Mathematics
1 answer:
valentinak56 [21]3 years ago
5 0

Answer:

Step-by-step explanation:

the simple interest formula= principal* interest rate*time

simple interest : 100000*%2*2 years

simple interest= 4000 dollars

compound quarterly : A=principal(1+r/4)^t

since it is quarterly and have 4 quarters in a year, and 8 in two years.

compound quarterly: 100000(1+0.03/4)^8=106159.88

it is better to invest with compound interest because it add 6159 dollars in two years to the investment of 100000 dollars.

the difference between the interest: 6159.88-4000=2159.88

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Answer:

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Step-by-step explanation:

= > x^2 - 3x - 10 = 0

= > x^2 - (5 - 2)x - 10 = 0

= > x^2 - 5x + 2x - 10 = 0

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Step-by-step explanation:

The system of equations is formed by:

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In the picture attached, the solution set is shown.

The first equation goes through (0, 3) and (2, 4), as can be checked by:

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The second goes through (0, 3) and (0.75, 0), as can be checked by:

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