First, determine the effective interests given both interest rates.
(1) ieff = (1 + 0.068/12)^12 - 1 = 0.07016
(2) ieff = (1 + 0.078/12)^12 - 1 = 0.08085
Calculating the interests will entail us to use the equation,
I = P ((1 + i)^n - 1)
Substituting the known values,
(1) I = ($5125)((1 + 0.07016)^1/2 - 1)
I = $176.737
(2) I = ($5125)(1 + 0.08085)^1/2 - 1)
I = $203.15
a. Hence, the greater interest will be that of the second loan.
b. The difference between the interests,
d = $203.15 - $176.737
$26.413
Answer:
10
Step-by-step explanation:
7 add a little more
Answer:
4x = 3(x - 3).
Step-by-step explanation:
2^4x = 8^(x-3)
Now 8 = 2^3 so:
2^4x = 2^3(x - 3) so
4x = 3(x - 3)
Answer:
It has an infinite amount as the decimal keeps going to over 1 million digits and beyond.
Step-by-step explanation:
This is a multiplication + subtraction problem
First we multiply to find out how much water there was to start with
50x12 = 600
Now we can subtract the 520 bottles that have been used from our total 600 bottles
600 - 520 = 80