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It's due todayyyyyyy (;ŏ﹏ŏ)​

It's due todayyyyyyy (;ŏ﹏ŏ)​-example-1
User Ahill
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1 Answer

1 vote
The correct answer are

Sue interest : 169.6061952

Bill interest: 189.9131472


B. Bill will get more interest then sue


Explain


Sue principal balance p= 2300

Interest for 3 years so t= 3

Interest is compounded yearly n= 1

R= 2.4%

A= 2300(1+2.4/100)^3 = 2300(1+0.024)^3 = 2300 x (1.024)^3 = 2469.6061952

Interest for 3 year is A-p= 2469.6061952 -2300

169.6061952





Bill principle p= 1800

Interest for 3 years t= 3

Interest compounded so n= 1

R= 3.4%


A= 1800(1+3.4/100)^3 = 1800 (1+0.034)^3 = 1800 (1.034)^3 = 1989.9131472

Interest in 3 yrs = 1989.9131472 - 1800 =

189.9131472



For B is below

Hopefully this help you :D
It's due todayyyyyyy (;ŏ﹏ŏ)​-example-1
User Chrsi
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