Answer: Brooklyn will have more money after two years
She'll have 13 more dollars compared to Patrick.
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Explanation:
We'll be using this compound interest formula
A = P*(1+r/n)^(n*t)
The variables are:
- A = final amount at time t
- P = initial amount, aka deposit or principal
- r = decimal form of the annual interest rate
- n = number of times we compound the money per year
- t = number of years
Patrick has the following values:
- P = 300
- r = 0.03
- n = 4
- t = 2
which leads to...
A = P*(1+r/n)^(n*t)
A = 300*(1+0.03/4)^(4*2)
A = 318.479654345482
A = 318.48
Patrick will have $318.48 in his account after 2 years.
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For Brooklyn, she has:
- P = 300
- r = 0.05
- n = 12
- t = 2
Those values then plug into the formula to get...
A = P*(1+r/n)^(n*t)
A = 300*(1+0.05/12)^(12*2)
A = 331.482400667499
A = 331.48
Brooklyn will have $331.48 in her account after 2 years.
We can see that Brooklyn earns more compared to Patrick.
She has $331.48 - $318.48 = 13 more dollars compared to Patrick.
This is to be expected for two reasons:
- Her annual interest rate is higher (5% compared to 3%)
- The money in her account is compounded more frequently (12 times per year compared to 4 times per year)
Question is inappropriate
Step-by-step explanation:
Tell full question
6 less than the product of 7 and this number is 85.
6 less than (the product of (7 and this number)) is 85.
6 less than (the product of 7 and x) = 85
6 less than (7 * x) = 85
(7 * x) - 6 = 85
Now you solve! Make sure that whatever you do to one side you also do to the other:
7x - 6 = 85
7x - 6 + 6 = 85 + 6
7x = 91
7x /7 = 91 /7
x = 13
Hope this helps! :)
Hello! Well first what we can do is take the amount minutes and make it into two hours. Two hours equate to 120 minutes, dividing that by 15 minutes will give us 8. Now we take 8 and multiply that by the amount of words he's typed in those 15 minutes, which means that he will type 4,560 words in two hours.
Answer:
I think it is A
Step-by-step explanation: