Answer:
send here I answer
Step-by-step explanation:
za r i misa 0 g mail
Answer:
Simple interest = $36
Compound interest = $48.96
It's better to invest $600 at 4% compounded monthly for 2 years as it's giving us more profit.
Step-by-step explanation:
Simple interest is calculated on the principal amount of a loan. Compound interest is calculated on the sum of principal amount and accumulated interest of previous periods.
Simple interest =
Compound interest =
Here, P denotes principal amount, R denotes rate of interest, T denotes time.
Given: $600 invested at 3% simple interest for 2 years, $600 invested at 4% compounded monthly for 2 years
To find: Simple interest and compound interest.
Solution:
Take P=600, R=3% and T=2 years
Using the formula of simple interest mentioned above,
Simple interest =
So, interest earned is $36
Take P=600, R=4% and T=2 years
Using the formula of compound interest mentioned above,
Compound interest =
=
=
=
=
So, interest earned is $48.96
It's better to invest $600 at 4% compounded monthly for 2 years as it's giving us more profit.
Answer:
840
Step-by-step explanation:
He gets 685 votes. This is 125 more than 2/3 of the total number of votes. So 2/3 must be 125 less than 685.
2/3=560
So ÷2 to find 1/3, because 2/3 ÷2 = 1/3.
1/3=280
So then you x3 because 1/3x3=3/3, or 1 whole.
1 whole=840
840=total number of votes
Answer:
Question... is the commission given 10 times or 3?
If the commission is 10 then
5*(48,000 * .075) + 3*(48,000 * .05) +2*(48,000 * .035)
5*(3600) + 3*(2400) +2*(1680)
= 28560
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
If the commission is 3 then (once for first five years, once for the next three,
and once for the last two
(48,000 * .075) + (48,000 * .05) +(48,000 * .035)
=7680
Step-by-step explanation:
Is there a picture to go along with this?