Answer:
Sherry's Method of depositing $200 as a principal now with an interest at 4% compound at monthly will result in more money after two years.
Step-by-step explanation:
We use the Total Amount generated using compound interest formula to solve this question
Formula =
Total Amount(A) = P(1 + r/n)^nt
a) For Harrison
Principal = $200
Interest rate = 2% = 0.02
Time = 2 years
n = compounding quarterly = 4
A = P(1 + r/n)^nt
A = $2,000(1 + 0.02/4)^2×4
A = $2,000(0.005)^8
A = $ 2081.4140878
A = $ 2,081.41
b) For Sherry
Principal = $200
Interest rate = 4% = 0.04
Time = 2 years
n = compounding monthly = 4
A = P(1 + r/n)^nt
A = $2,000(1 + 0.04/12)^2×12
A = $2166.2859184
A = $ 2,166.29
The Total Amount for
Harrison = $ 2,081.41
Sherry = $ 2,166.29
Hence, from the above calculation, Sherry's Method of depositing $200 as a principal now with an interest at 4% compound at monthly will result in more money after two years.
Answer:
See Explanation
Step-by-step explanation:
Given
Solving (a): What does h represents
From the instruction in the question, we understand Cycle city charges an additional 0.75 per hour.
This implies that h represents the additional hour of rentals
Solving (b): What does 15 represents
From the instruction in the question, we understand Cycle city charges an a base charge of $15
This implies that 15 represents the base charge
Solving (c): 0.75h
Referring back to (a) where h represents the additional hour of rentals
0.75h represents the total charges for the additional hour
Answer:
Solutions are x =4 and y = 1
Step-by-step explanation:
In this equation substitute 
, we get
now substitute y =1 in x equation,
Solutions are x =4 and y = 1
Answer:
43 + 3.4 =46.4
Step-by-step explanation:
add it up
Answer:
The value of the constant of proportionality r is 1
Step-by-step explanation:
we know that
A relationship between two variables, x, and y, represent a proportional variation if it can be expressed in the form or
Find the value of the constant of proportionality r
For x=5.8, y=5.8
substitute
The linear equation is
therefore
The value of the constant of proportionality r is 1
