Answer:
I would rather do the second option of which uses Compound interest that will give a profit of $47.85
Step-by-step explanation:
In this problem we will be exploring the two formulas
1. simple interest
A= P(1+r*t)
2. compound interest
A= P(1+r/n)^nt
Where A= final amount
P= initial amount
r= rate
t= time.
n= number of periods Compounded
1.given data
P= $600
r= 3%= 3/100= 0.03
t= 2 years
A= 600(1+0.03*2)
A= 600(1+0.06)
A= 600(1.06)
A= $636
Interest = 636-600= $36
2. Given data
P= $600
r= 4%= 4/100= 0.04
n= 24
t= 2
A= 600(1+0.04/24)^24*2
A=600(1+0.0016)^48
A=600(1.0016)^48
A= 600*1.07975
A= 647.85
Interest = 647.85-600= $47.85
Answer:
y = x^2 + 3/4
Step-by-step explanation:
If an equation has an exponent, it is nonlinear.
<u><em>Hope this helps!</em></u>
Y - (-5) = -7
y + 5 = -7
y = -7 - 5
y = - 12 <==
4q-4q=8-8
0=0
None.
It doesnt has solutions
Answer:
what is your questions mate I mm didn't understand ¯\_(ツ)_/¯
Step-by-step explanation:
,When a percent amount is multiplied to another number, the operation produces a value that equals the given percent of the original number. ... Multiplying a number by 100 percent is a just variation of the multiplicative identity and will result in the value being unchanged.
