Answer:
$288 dollars
Step-by-step explanation:
12 x 24 = 288
Answer:
4
Step-by-step explanation:
To find the common ratio, take the second term and divide by the first term
24/6 = 4
Check by taking the third term and dividing by the second term
96/24 = 4
The common ratio is 4
Answer:
Yes
Step-by-step explanation:
All even numbers are divisible by two.
Answer:
Option 4.7% = 3,500 x 4.7% =$164.50 simple annual interest.
82.25 this is what Scott will pay in 6 months at simple interest.
Option 4.2% =3,500 x (1 +0.042/12)^6 =3,500 x 1.0035^6=$3,574.15.
3,500 =$74.15 this is what Scott will pay in 6 months at compounded interest.
The compound option is cheaper by: 74.15 =$8.10.
