Answer:
$21.17
Step-by-step explanation:
Simple Interest=P(1+r)^t
Compounded Interest=P(e^rt)
SI=668*(1.0925)^5
SI=1039.64
CI=668(e^(0.0925*5))
CI=1060.81
1060.81-1039.64=21.17
So the difference is $21.17, thus doing compounded interest is better.
Answer:
The answer would be he sold 11 packs of baseball cards at $0.75 each.
Step-by-step explanation:
11 packs of cards at 75 cents each.
Answer:
84
Step-by-step explanation:
only three number are a multiple of 14
14 * 5 = 70
14 * 6 = 84
14 * 7 = 98
neither 70 nor 98 is a multiple of 4
only 84 is a multiple of 4, 7 and 14
20-14=6 6-3=3 3/20 is the answer for the fraction of ounces left
FV = PV / (1 +r)^n
Where FV = Future Value, PV = Present Value, r = inflation rate in %,
n = number of years.
PV = $38, r = 4%, n = 3 years.
FV = 38 / (1 + 4%)^3
= 38 / (1 + 0.04)^3
= 38 / (1.04)^3 = 33.782
Hence the value 3 years from now = $33.78
