Answer:
The correct answer is $3300 for simple interest and $3312.24 for compound interest.
Step-by-step explanation:
Income as working as a lifeguard = $3000
We deposit the money in a bank which offers 2% interest annually for a period of 5 years.
Case 1 : Calculating simple interest for the given situation.
Amount after 5 years = 3000 + 3000 × 2 × 5 × = $ ( 3000 + 300) = $3300.
Case 2 : Calculating compound interest for the given situation.
Amount after 5 years = 3000 × = $ 3312.24.
Thus the amount after 5 years amount simply is $3000 and compoundly is $3312.24
There is a difference of 11 but as a percent that would be 44%
Answer:
3r+5
Step-by-step explanation:
Answer:
Step-by-step explanation:
(edit):
lol this post was an accident, mb
Answer:
x = 4
Step-by-step explanation:
-
- divide both sides by 5
- 2x + 5 = 13 subtract 5 from both sides
- 2x = 8 divide both sides by 2
- x = 4