Answer:
Jose ends up with more money with $59 more than Peter.
Step-by-step explanation:
To determine the amount they will have, you have to use the formula to calculate the future value:
FV=PV(1+r)^n
FV= future value
PV= present value
r= rate of interest
n= number of periods of time
-Peter:
FV=1,000*(1+0.04)^10
FV=1,000*1.48
FV=1,480
-Jose:
FV=900*(1+0.05)^11
FV=900*1.71
FV=1,539
Difference: $1,539-$1,480=$59
According to this, the answer is that Jose ends up with more money with $59 more than Peter.
In problem 16 I think the answers is b
Answer:
6.708
Step-by-step explanation:
- Y varies directly as the square of x (Given)
- ......(1)
- Y varies inversely as the square root of z (Given)
- ......(2)
- Combining (1) & (2), we find:
- (Where k is constant of proportionality).....(3)
- Now, when y = 2, x = 3 and z = 4, we find the value of k i.e. constant.
- Plugging the value of k in (3), we find:
- ....(4)
- Next, in equation (4), plug y = 5, x = n and z = 16 and obtain the value of n by solving it.