Answer:
The 6% simple interest account earns more interest in 2 years.
Step-by-step explanation:
You can compare the multipliers in the interest formulas.
For simple interest, the amount in the account (A) starting with principal P and earning at rate r for t years will be ...
A = P(1 +rt)
For the values given, r=.06 and t=2, the multiplier is ...
1 +rt = 1 +.06·2 = 1.12
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For interest compounded annually, the amount will be ...
A = P(1 +r)^t
For the given values, the multiplier is ...
(1+r)^t = (1.04)^2 = 1.0816
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Since 1.12 > 1.0816, the account earning simple interest will earn more interest.
Answer:
A. 18
Step-by-step explanation:
the equation :
RF×RS = PR×RQ
16×9 = PR × 8
144 = PR×8
PR = 144/8
PR = 18
<span>$119.05
Eva follows the bond market and often purchases bonds issued by Sanden Research Labs. Last year, she purchased three such bonds in January, one in May, and four in June, then sold them all in November. Sanden Research Labs bonds were selling at 78.430 in January, 95.652 in May, 86.220 in June, and 87.454 in November. If each bond she purchased had a par value of $500, how much profit did Eva gain from buying and selling these bonds?</span>