Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
Answer:
A) y = 4/3 x - 1/3
Step-by-step explanation:
(4,5) and (-2,-3)
Slope = (5 + 3)/(4 + 2)
= 8/6
= 4/3
Equation
y + 3 = 4/3(x + 2)
y + 3 = 4/3 x + 8/3
y = 4/3 x + 8/3 - 9/3
y = 4/3 x - 1/3
Answer:
y = 4/3 x - 1/3
C. (–2, –2), (1, 7), (0, 4) is the correct answer. All three solutions match.
Answer:
Step-by-step explanation:
5
Solution:
Let x = the number of $70 seats sold
Let y = the number of $20 seats sold
x+y ≤ 20,000
70x+20y > 500,000
