Based on the types of compounding and the interest rates, the following are true:
- Part A - The group will have $750
- Part B - The group will have $759.19
When using simple interest, the amount the group will have is:
<em>= Amount x ( 1 + rate x number of years )</em>
= 600 x ( 1 + 5% x 5)
= $750
When using compound interest, the group will have:
<em>= Amount x ( 1 + rate) ^ Number of years</em>
= 600 x ( 1 + 4%)⁶
= $759.19
In conclusion, compound interest yields more.
<em>Find out more about </em><em>compound interest </em><em>at brainly.com/question/25263325. </em>
Answer
See the attached files for details.
Step-by-step explanation:
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Answer:
( 2×8) - [ ( 5 + 15 ) ÷ 5] = 32
Step-by-step explanation:
According to the scenario, computation of the given data are as follows,
Given equation = 2x18-5+15/5=32
First we multiply first two letters,
then ( 2 × 18) = 36
Now, we add 5 and 15 then divide it by 5,
So, ( 5 + 15 ) ÷ 5 = 20 ÷ 5 = 4
Now we subtract 4 from 36,
Then 36 - 4 = 32
Hence the correct parentheses = ( 2×8) - [ ( 5 + 15 ) ÷ 5] = 32
C The smaller the number in an inequality is always located to the left of the number on the horizontal line!!
