16*1.059)=16.944
To the nearest tenth 16.9
Assuming he had not dealt with the bank offering plan B before, he has nothing deposited two years back. Hence plan B only gives him only 0.2% annual interest for his deposit.
Plan A gives 0.25% for his deposit all the time.
So plan A is more advantageous.
For durations,
To reach $1,000,000 from $100,000, the money needs to grow 10 fold, or
(1+i)^n=10
n=log(10)/log(1+i).
So for plan A:
n=log(10)/log(1.0025)=922.18 years, while for
plan B
n=log(10)/log(1.0020)=1152.44 years.
Hope the bank(s) still exist at that time.
Answer:
( 0, 0 )
Step-by-step explanation:
In this equation, you can see that there is not y-intercept, and since there is no y-intercept, that means that it will be "0", and that the line goes straight to the origin ( 0, 0 )
Hope this helped!
Have a supercalifragilisticexpialidocious day!
Answer:
x > − 7
Step-by-step explanation:
hope this helps
24.8 cm ÷ 175= 0.141... or 0.14 cm.
The answer is 0.14 cm.
Hope this helps
