Josh and Raheem both invest some money. Josh invests £1200 at Banks’R’us, who pay 4% simple interest per year.
Raheem invests £1250 at Bank World who pay 3% compound interest per year.
They invest the money for 5 years.
Who has the most money in their account after 5 years?

;v;

Raheem

Step-by-step explanation:

Josh :

using simple interest formula :

Final amount = P(1 + rt)

Final amount = 1200(1 + 0.04*5)

Final amount = 1200(1.2)

Final amount = £1440

Raheem :

Using compound interest formula :

Final amount = P(1 + r/n)^nt

Final amount = 1250(1 + 0.03)^5

Final amount = 1250(1.03)^5

Final amount = £1449.09

Raheem has more money

the number of the people going.

step-by-step explanation:

the cost to buy one movie ticket is $7. if the total cost for the movie is a function of how many people go, then the input is : the number of the people going.

step-by-step explanation:

and 90% of people marry there 7th grade love. since u have read this, u will be told good news 2night. if u don't pass this on nine comments ur worst week starts now this isn't fake. apparently if u copy and paste this on ten comments in the next ten minutes you will have the best day of ur life tomorrow. you will either get kissed or asked out in the next 53 minutes someone will say i love u

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