B. 30% is the better deal
.3x12=3.6
(:
Step-by-step explanation:
The above given statements can be written as decimals by first writing both quantities in a statement in the same unit.
1. $6.00 to 95 cents:
This is same as $6.00 : 95 cents = \frac{6.00}{95}956.00
Convert $6 .00 to cents to make both quantities be in the same unit.
$1 = 100 cents
$6.00 = 6*100 = 600 cents
\frac{600}{95} = 6.3295600=6.32 (to 2 d.p)
2. 3 hours to 35 minutes:
Convert 3 hours to 35 mins
1 hr = 60 mins
3 hrs = 3*60 = 180 mins
180mins : 35 mins = \frac{180}{35} = 5.14180mins:35mins=35180=5.14 (2 d.p)
3. 42 inches to 2 feet:
Convert 2 ft to inches
1 ft = 12 inches
2ft = 2*12 = 24 inches
42 in:24 in = \frac{42}{24} = 1.7542in:24in=2442=1.75
Answer:
A).Amount = $218250
B). Amount = $88700
Step-by-step explanation:
A) .$5000 in an account at age 23, and withdraw it 42 years
Number of years t= 42 years
Principal P = $5000
Rate r= 9%
Number of times compounded n= 42
A= p(1+r/n)^(nt)
A= 5000(1+0.09/42)^(42*42)
A= 5000(1+0.002143)^(1764)
A= 5000(1.002143)^1764
A= 5000(43.65)
A= 218250
Amount = $218250
B).waits 10 years before making the deposit, so that it stays in the account for only 32 years
Number of years t= 32 years
Principal P = $5000
Rate r= 9%
Number of times compounded n= 32
A= p(1+r/n)^(nt)
A= 5000(1+0.09/32)^(32*32)
A= A= 5000(1+0.0028125)^(1024)
A= 5000(1.0028125)^1024
A= 5000(17.74)
A= 88700
Amount = $88700
The answer is the 3 option
