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:
j = (h-4) / k
Step-by-step explanation:
Unless there is more information given about this question somewhere else in the assignment, I'm assuming you are being asked to solve this equation for j.
If so, then its just a matter of rearranging the equation so that it is in the form
j = (expression containing other variables)
(h-4) / j = k (multiply both sides by j)
(h-4) = jk (divide both sides by k)
j = (h-4) / k
Answer:
9.423 rounded to the nearest one is 9
Step-by-step explanation:
The answer to the question is D
