9514 1404 393
Answer:
4.9% weekly
Step-by-step explanation:
The compound interest formula is ...
A = P(1 +r/n)^(nt)
where A is the account balance that results from investing P at rate r compounded n times per year for t years.
Filling in the values for the two scenarios, we find ...
A = 10,000(1 +0.04/365)^(365·3) ≈ 11,274.89
A = 10,000(1 +0.049/52)^(52·3) = 11,582.74
The higher interest rate will earn Mr. Larson the most money in three years. (4.9% weekly)
Answer: There are 12 pairs of tennis shoes.
Step-by-step explanation:
Since we have given that
For each pair of tennis shoes , she owns 4 pairs of flip flops,
so their ratio will be 1:4
Let the number of tennis shoes be x
Let the number of flip flops be 4x
According to question,
4x-x=9
3x=9
x=\frac{9}{3}
x=3
So, the number of pairs of tennis shoes is given by
Hence, there are 12 pairs of tennis shoes.