After discount: $418; total (including tax): $388.74
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:
570 m³
Step-by-step explanation:
The volume of water is the product of flow rate of water and the time taken. We are to get the volume of water used between 6 am and 9 am, that is for 3 hours (9 - 6).
We are given the flow rate at 6 am and the flow rate at 9 am, but this flow rate changes between 6 am and 9 am. To get the estimate of the water used, Let us assume that it flows at the same flow rate as it was at 6 am throughout, hence:
Also, let us assume that it flows at the same flow rate as it was at 9 am throughout, hence:
To get the best estimate of the total volume, let us find the average of the two values, hence:
Answer:
1. Not equal
2. Equal but not connected
3. Equal
4. Equal
Step-by-step explanation: Sorry if not correct :(