Based on the types of compounding and the interest rates, the following are true:
- Part A - The group will have $750
- Part B - The group will have $759.19
When using simple interest, the amount the group will have is:
<em>= Amount x ( 1 + rate x number of years )</em>
= 600 x ( 1 + 5% x 5)
= $750
When using compound interest, the group will have:
<em>= Amount x ( 1 + rate) ^ Number of years</em>
= 600 x ( 1 + 4%)⁶
= $759.19
In conclusion, compound interest yields more.
<em>Find out more about </em><em>compound interest </em><em>at brainly.com/question/25263325. </em>
Answer:
g=3
Step-by-step explanation:
f(g) = g^2 +3g
Let f(g) = 18
18 = g^2 +3g
Subtract 18 from each side
18-18 =g^2 +3g-18
0 = g^2 +3g-18
Factor
0 = (g+6) (g-3)
Using the zero product property
g+6 =0 g-3 =0
g = -6 g =3
The only solution listed is g=3
Answer:
Step-by-step explanation:
15- 17 = a
-2 = a
B = -8.3
c = 3/4 - 13/4
c = -10/4
c = -5/2