Answer:
she is wrong, offer 2 results in lower interests
Step-by-step explanation:
total amount paid if offer 1 is accepted:
$6,000 x (1 + 3%)² = $6,000 x 1.0609 = $6,365.40
she will pay $365.40 in interests
total amount paid if offer 2 is accepted:
($6,000 x 1.01) x 1.05 = $6,060 x 1.05 = $6,363
she will pay $363 in interests
Compounding interest refers to interest that earns more interest itself, e.g. in the first offer, the $180 of interests charged for the first year will earn $5.40 in extra interests. While offer 2 only charges $60 in interests during the first year which will in turn earn $3 of interests. The difference between both offers is that interest charges in offer 1 earn more interests than the interest in offer 2 = $5.40 - $3 = $2.40
Answer:
Step-by-step explanation:
y = x - 1/4
x = 1/4 Put this value in for x
y = 1/4 - 1/4
y = 0
x = 13/4
y = 13/4 - 1/4 The denominators remain the same The numerators are subtracted.
y = (13 - 1)/4
y = 12/4
y = 3
If x is to = 2 then it must be changed so it's denominator is 4
2 = 8/4
y= 8/4 - 1/4
y = 7/4 or 1.75 or 1 3/4
I pretty sure you would use x over 38.00 = 20 over 100 then cross multiply them
16 x 3/8 so 16/1 x 3/8 = 48/8. 48 divided by 8 is 6. So 6 inches.
