Patrick and Brooklyn are making decisions about their bank accounts. Patrick wants to deposit $300 as a principle amount, with a
2 answers:
For this we will use formula that is letting us to input: interest rate, starting funds, how often intereset rate is implemented, period we are observing. Formula looks like this:
where M is money, S is starting funds, "i" is interest rate, cp is compounding period and y is number of years. now we express and calculated for both of them and get
M = 318,479 for Patricks investement.
M = 331,482 for Brooklyn.
Which means Brooklyn's method will pay of more.
where M is money, S is starting funds, "i" is interest rate, cp is compounding period and y is number of years. now we express and calculated for both of them and get
M = 318,479 for Patricks investement.
M = 331,482 for Brooklyn.
Which means Brooklyn's method will pay of more.
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Celia bought a bag of 12 goldfish for $3, Cost of 1 goldfish is $0.25 .
<u>Step-by-step explanation:</u>
The goldfish is a freshwater fish in the family Cyprinidae of order Cypriniformes. It is one of the most commonly kept aquarium fish. A relatively small member of the carp family, the goldfish is native to East Asia.
Here we have , Celia bought a bag of 12 goldfish for $3 . We need to find the cost of 1 goldfish . Let's find out:
Celia have a bag of 12 goldfish which cost her $3 . So , cost of 1 goldfish is equivalent to
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Therefore, Celia bought a bag of 12 goldfish for $3 , Cost of 1 goldfish is $0.25 .