Round the number to the given place value. 47,709,982; millions
1 answer:
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Jane must therefore deposit her savings in the four rivers bank.
<h3>What is compound interest?</h3>Interest that is added to a loan and deposit sum is known as compound interest. In our everyday lives, it is the notion that is employed the most frequently. Compound interest is calculated as a sum using the interest and principal accrued over time. Compound interest versus simple interest differ primarily in this way.
As per the data provided in the question,
Rate, r = 12%
After five years, the total amount, if Jane had saved at Mystic Bank,if Jane had saved at Mystic Bank would be:
For compounded quarterly,
n = 5 × 4
n = 20
A = 40000(1 + 12/(4 × 100))²⁰
A = 72244.44 (i)
If Jane placed her savings with the Four Rivers, then,
A = 40000(1 + 14/(2 × 100))¹⁰
A = 40000 × 1.9671
A = 78686.054 (ii)
Therefore, it is evident that case (ii) is higher than case (i). Jane must therefore deposit her savings in the four rivers bank.
To know more about Compound Interest:
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Answer:
g(-1) = 3, g(2) = 6, g(5) = 4
Step-by-step explanation:
Please refer to attached photo. (Apologies for the terrible handwriting.)
From here we can see,
g(x) = x + 4 applies for values x less than or equal to 2.
g(x) = 9 - x applies for values x more than 2 (which does not include 2.)
g(-1):
Since -1 < 2,
g(-1) = -1 + 4 = 3
g(2) = 2 + 4 = 6
g(5):
Since 5 > 2,
g(5) = 9 - 5 = 4
