Answer:
I would rather do the second option of which uses Compound interest that will give a profit of $47.85
Step-by-step explanation:
In this problem we will be exploring the two formulas
1. simple interest
A= P(1+r*t)
2. compound interest
A= P(1+r/n)^nt
Where A= final amount
P= initial amount
r= rate
t= time.
n= number of periods Compounded
1.given data
P= $600
r= 3%= 3/100= 0.03
t= 2 years
A= 600(1+0.03*2)
A= 600(1+0.06)
A= 600(1.06)
A= $636
Interest = 636-600= $36
2. Given data
P= $600
r= 4%= 4/100= 0.04
n= 24
t= 2
A= 600(1+0.04/24)^24*2
A=600(1+0.0016)^48
A=600(1.0016)^48
A= 600*1.07975
A= 647.85
Interest = 647.85-600= $47.85
Answer: y = 1.8
Step-by-step explanation:
xy = 12.6 If x is 7 but 7 in the equation for x
7y = 12.6 Divide both sides by 7
y = 1.8
Answer: -11
Step-by-step explanation: 5 squared is 25 and 12(-3) is 36 and 25+-36=-11
Plug -3 into the equation: w(-3)=14-6(-3)
simplify: w(-3)=14+18
solve: w(-3)=32
