Answer:can you give me more information
Step-by-step explanation:
Answer:
$30,000
Step-by-step explanation:
The capital value is given by
where R(t) is annual rate
r - annual rate of interest
capital value 
= lim at b tend to infinity
=lim at b tend to infinity ![\left [ \frac{1200}{-0.04} e^{-0.04 t} \right ]_0^b](https://tex.z-dn.net/?f=%20%5Cleft%20%5B%20%5Cfrac%7B1200%7D%7B-0.04%7D%20e%5E%7B-0.04%20t%7D%20%5Cright%20%5D_0%5Eb)
-30,000 { lim at b tend to inifinity![(e^{-0.04 b) = e^0]](https://tex.z-dn.net/?f=%20%28e%5E%7B-0.04%20b%29%20%3D%20e%5E0%5D)
As
Answer:
DO PROPORTIONS
Step-by-step explanation:
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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
