Assuming he had not dealt with the bank offering plan B before, he has nothing deposited two years back. Hence plan B only gives him only 0.2% annual interest for his deposit.
Plan A gives 0.25% for his deposit all the time.
So plan A is more advantageous.
For durations,
To reach $1,000,000 from $100,000, the money needs to grow 10 fold, or
(1+i)^n=10
n=log(10)/log(1+i).
So for plan A:
n=log(10)/log(1.0025)=922.18 years, while for
plan B
n=log(10)/log(1.0020)=1152.44 years.
Hope the bank(s) still exist at that time.
Answer:
.25 inches per hour
Step-by-step explanation:
.5 ft
-----------
day
We need to get to inches
1 ft = 12 inches
.5 ft 12 inches
----------- * ------------
day 1 ft
We also need to convert days to minutes
1 day = 24 hours
.5 ft 12 inches 1 day
----------- * ------------ * -------------
day 1 ft 24 hours
6 inches
-------------
24 hours
.25 inches per hour
Answer:
D.648 inches
Step-by-step explanation:
A yard is a unit that mostly used in America and Canadia to measure the length of something field-size, so it's used a lot in sport. One yard equal to three feet, while one foot equals to 12 inches. There is a higher unit than yard called miles which equals to 1760 yards or 1.60934 kilometers.
Since the measurement is 18 yards, the length in feet will be: 18 yards * 3 feet/yard= 54 feet.
The measurement in inch will be: 54 feet * 12 inches/feet = 648 inches.