Answer:
B. $5039.58
Step-by-step explanation:
compound interest formula: amount = p(1 + \frac{r}{n})^{nt}
p= principal ($2,300)
r= interest rate as a decimal (4% = 0.04)
n= number of times the principal is compounded per year (annually = onceper year so 1 time per year)
t= time in years (20 years)
new equation: amount = 2300(1+\frac{0.04}{1} )^{1*20}
That equation equals $2,739.58 which you add to the principal.
$2,739.58 + $2,300 = $5039.58
hope this helps :)
the first simple interest will be $1.73 more than the second one.
<h3>
Which is the difference between the two interests?</h3>
The loan is of $575, and there are two options:
7 years at 4.5% or 8 years at 3.9%
Remember that the simple interest formula is:
SI = (P*R*T)/100
Where:
P = principal value.
R = rate (this is the percentage per year)
T = time, in years.
Then for the first option. the interest will be:
SI = ($575*4.5*7)/100 = $181.13
For the second option we will have the interest:
SI' =( $575*3.9*8)/100 = $179.4
The difference is:
$181.13 - $179.4 = $1.73
This means that the first simple interest will be $1.73 more than the second one.
If you want to learn more about simple interests:
brainly.com/question/20690803
#SPJ1
Answer:
75.6 ounces
Step-by-step explanation:
Step one.
Given data
we are told that the original quantity of food is 63 ounces
and the increase is in food is by 20%
Step two:
let us find the increase in ounces
=20/100*63
=0.2*63
=12.6 ounces
Hence the amount of food in the bag now is
=12.6+63
=75.6 ounces
Answer:
0.5
Step-by-step explanation:
Answer:
Should be D, the one you selected
Step-by-step explanation:
Hope it helps
