300000-50000=250000
...................
Answer:
I'm pretty sure it's 90%
Step-by-step explanation:
Answer: 7 BATCHES
Step-by-step explanation: to produce one batch it takes 7/10 of oatmeal
Now the factory uses 4 9/10 batch of oatmeal
1=7/10 OATMEAL
X=4 9/10 OATMEAL
X=(7/10*1)/4 9/10
=4 9/10*10/7
=490/70
=7
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.
Step-by-step explanation:
Giving the following information:
Joshua:
Initial investment (PV)= $750
Interest rate (i)= 0.0341/4= 0.008525
Number of periods (n)= 18*4= 72 quarters
Josiah:
Initial investment (PV)= $750
Interest rate (i)= 0.0285
Number of periods (n)= 18 years
To calculate the future value of each one, we need to use the following formula:
FV= PV*(1 + i)^n
Joshua:
FV= 750*(1.008525^72)
FV= $1,381.98
Josiah:
FV= 750*(1.0285^18)
FV= $1,169.74
Due to the difference in the interest rate and the quarterly compounding, Joshua will have $212.24 more than Josiah.