Question

HELP ME PLEASE!!!!!!!!!!!!!!!!!!!!!!!!!

Answer 1

Answer:

☆ Emily has $16 more

Step-by-step explanation:

FOR JAXON:

You want to calculate the interest on $600 at 2.5% interest per year after 3 year(s).

The formula we'll use for this is the simple interest formula, or:

Where:

P is the principal amount, $600.00.

r is the interest rate, 2.5% per year, or in decimal form, 2.5/100=0.025.

t is the time involved, 3....year(s) time periods.

So, t is 3....year time periods.

To find the simple interest, we multiply 600 × 0.025 × 3 to get that:

The interest is: $45.00

Usually now, the interest is added onto the principal to figure some new amount after 3 year(s),

or 600.00 + 45.00 = 645.00.

Jaxon will have $645 after he closes his account.

FOR EMILY

You want to calculate the interest on $600 at 5.1% interest per year after 2 year(s).

The formula we'll use for this is the simple interest formula, or:

Where:

P is the principal amount, $600.00.

r is the interest rate, 5.1% per year, or in decimal form, 5.1/100=0.051.

t is the time involved, 2....year(s) time periods.

So, t is 2....year time periods.

To find the simple interest, we multiply 600 × 0.051 × 2 to get that:

The interest is: $61.20

Usually now, the interest is added onto the principal to figure some new amount after 2 year(s),

or 600.00 + 61.20 = 661.20.

Emily will have $661 when she closes her account.

☆ Therefore, Emily will have $16 more than Jaxon.

I would really appreciate if you would mark me brainliest!!

I hope you have a good day!!! ☆ :D