Answer:
First account (simple interest)
Step-by-step explanation:
The amount of interest earned by the first account is ...
I = Prt = $2000·0.04·7 = $2000·0.28 = $560
The amount in the second account at the end of 7 year is ...
FV = P·(1+r)^t = $2000·1.02^7 = $2297.37
so you have earned $297.37 in interest on the second account.
$560 is more than $297, so the First Account (simple interest) earns more money.
Answer:
im not so positive sorry
Step-by-step explanation:
Answer:
9π ft² or approximately 28.26 ft²
Step-by-step explanation:
The area of a circle is A=πr².
Plug 3 in for the radius.
A=π(3²)
A=9π ft²,
or using 3.14 for pi,
Approximately 28.26 ft².
Answer:
The reason for the columns adding up to 1 is that each individual consumes a proportion or a fraction of the total quantity produced under each product category and every product is consumed. There is no leftover.
When the proportions of all the individuals are added up, the sum is always 1 under each product category because each individual can only consume a part of the whole.
Step-by-step explanation:
a) Data and Calculations:
Food Clothes Housing Energy High Quality 100
Proof Moonshine
Farmer 0.25 0.15 0.25 0.18 0.20
Tailor 0.15 0.28 0.18 0.17 0.05
Carpenter 0.22 0.19 0.22 0.22 0.10
Coal Miner 0.20 0.15 0.20 0.28 0.15
Slacker Bob 0.18 0.23 0.15 0.15 0.50
Total 1.00 1.00 1.00 1.00 1.00
