The investment with the bigger return is investment B.
<h3>What is simple interest and compound interest?</h3>
Simple interest rate is the interest that is paid only on the principal portion of a loan. This means that the debtor does not pays interest on the interest rate already accrued. This differs from compound interest where the debt holder pays interest on the principal and the interest rate already accrued
<h3>What is the compound interest?</h3>
The formula for calculating future value:
FV = P (1 + r)^n
- FV = Future value
- P = Present value
- R = interest rate
- N = number of years
2000 x (1.06)^12 = $4024.39
Compound interest = $4024.39 - $2000 = $2024.39
<h3>What is the simple interest? </h3>
Simple interest = principal x time x interest rate
2000 x 0.08 x 12 = $1920
To learn more about future value, please check: brainly.com/question/18760477
Answer:
260 ok
Step-by-step explanation:
Answer:
30 pounds of fruit
Step-by-step explanation:
13 pounds of grapes
2 pounds of apples
15 pounds of strawberries (fruit)
15+2+13
Janelle used 30 pounds of fruit
Your original price would have been $16.23
Explaination:
Take the new markup price and divide it by the percent it was marked up
17.85 / 1.10 = 16.227
1.10 represents 110%
Round your ending number cause there are only two place holders after the decimal for calculating prices. By doing this we change $16.227 to $16.23.
PEMDAS so, (10*1)=10 + (20*2)= 40+10= z= 50
