Kale and merricat are making decisions about their bank accounts. kale wants to deposit $200 as a principle amount, with an interest of 2% compounded quarterly. mericat wants to deposit $200 as the principle amount, with an interest of 4% compounded monthly.

Merricat will have more money after the two years. To find this out you need to create two equations to represent their savings plans, using the interest function A= P(1+r/n)^nt  where A represents the total amount of money after two years, P represents the amount of money originally invested, r is the interest rate, t is the number of time periods, n is the number of times interest is compounded per year, Then we substitute all of the values for what is represented and Kale's is A= 200(1+.02/12)^24=208.16 and Merricat's is A= 200(1+ .04/4)^8 = 216.57. This means that after 2 years Sherrie will have more money.

Step-by-step explanation: I'm Gay

x= -3

step-by-step explanation:

step 1: simplify brackets

4 - x - 1 = 6

step 2: simpilfy

3 - x = 6

step 3: subtract 3 from both sides

-x = 6 - 3

step 4: simpilfy 6 - 3

-x = 3

step 5: multiply both sides by -1

x = -3

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.