Answer:
$359.42
Step-by-step explanation:
The difference in the investment values can be computed by making use of the formulas for the account balance in each case.
compound interest: A = P(1 +r)^t . . . . interest at rate r compounded annually
simple interst: A = P(1 +rt) . . . . simple interest at rate r
__
The account earning simple interest will have a balance of ...
A = $8000(1 +0.12×3) = $10,880
The account earning compound interest will have a balance of ...
A = $8000(1 +0.12)^3 ≈ $11,239.42
The difference between the two investments is ...
$11,239.42 -10,880 = $359.42
Answer:
Summary Many simple inequalities can be solved by adding, subtracting, multiplying or dividing both sides until you are left with the variable on its own. But these things will change direction of the inequality: Multiplying or dividing both sides by a negative number. Swapping left and right hand sides
Step-by-step explanation:
Answer: 0.1714 miles / hour
Step-by-step explanation:
Given the following :
Distance to the store = 3 miles
Time taken to get to store = 12 hours
Time taken to return = 23 hours
The average rate of speed for the trip =?
Average Speed = total distance traveled / total time taken
Total distance traveled = 2 × 3 miles = 6 miles
Total time taken = 12 + 23 = 35 hours
Average speed = 6 miles / 35 hours
Average speed = 0.1714 miles / hour
Answer:
$9.30
Step-by-step explanation:
155 multiplied by (0.06) which is equal to 9.3
Therefore, the tax is $9.30 or a total of $164.3
When dividing by a negative number, you switch the signs.