Ted:
4,000 @ 4.5% interest compounded annually
Alan:
1,000 @ 6% interest compounded annually
Rule of 72: divide 72 by the compound annual interest rate
Ted: 72/4.5% = 16 years
Alan: 72/6% = 12 years
<span>Alan will win. It will take 12 years.</span>
Answer:
Simplifying
x = 4.5 + -0.5y
Step-by-step explanation:
It starts becoming bigger :)
Answer:
See below.
Step-by-step explanation:
Polly has the least. Let's work this from least to greatest.
They have £270. They share it together. Polly has £30. Andy has £60, and Phoebe has £180.
180 + 60 = 240.
240 + 30 = 270.
Pho: £180
Andy: £60
Polly: £30.
hope this helps.
