The transaction that is being used is a reflection
The formula to find the amount is
here A is amount
P is the principal
'r' is the rate of interest
n is the number of years.
Case 1.
Stevan invests
P =$ 20,000
r = 3% = 0.03
n = 10 years
Hence the interest earned
= A - P = 26878.33 - 20000 = $6878.33
Case 2.
Evan invests
P = $10,000
r = 7% = 0.07
n = 7 years
Hence the interest earned
= A - P = 16057.81 - 10000 = 6057.81
Difference in the interest = 6878.33 - 6057.81 = $820.52
Rounded to the nearest dollar difference in interest = $821
Answer:
225
Step-by-step explanation:
I took the quiz I got this question wrong but the answer is 225
Hello!
We know that
(x - 10) * 3 = 2x
Distribute the 3
3x - 30 = 2x
Subtract 2x from both sides
x - 30 = 0
Add 30 to both sides
x = 30
The answer is 30
Hope this helps!
The Second Choice I think
