Answer:
Compound interest is the best.
Step-by-step explanation:
Simple interest is that which is not added to the initial capital once the term of the investment or credit has expired.
Compound interest is that which is added to the initial capital at the end of the investment or credit.
Simple interest:
I= C x i x t
15,000 * 0.05 * 5 = $ 750
Compound interest:
Cf= Ci (1+i)ᵗ
Cf = 15,000 * (1.039)^5 = $ 18,162.22
So, if Cf - Ci = I -> 3,162.22 is the compound interest.
Answer: 1st is 180$ sorry if I’m wrong
Step-by-step explanation:
Answer:
13
Step-by-step explanation:
1 1/3 = 4/3
18 ÷ 4/3
= 13
Answer:
The correct answer is - 12.
Step-by-step explanation:
Given:
Total number of people = y = 39x+50
Total amount spent y = 518
Solution:
The equation for the number of people who attended the dinner
y = 39x+50
The cost of dinner is equally divided by number of people =
then, 518 = y
placing value, 518 = 39x+50
x = (518-50)/39
= 468/39
= 12
Then number of people attended the dinner = 12
