Pre-Algebra
Pre-Algebra
1st Edition
ISBN: 9780618800766
Author: Ron Larson, Lee Stiff, Laurie Boswell, Timothy Kanold
Publisher: Houghton Mifflin-High School
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Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…
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Chapter 7.7, Problem 25E

a.

To determine

To complete: The table.

a.

Expert Solution
Check Mark

Answer to Problem 25E

    Years Simple interest account balance Compound interest account balance
    1 1050 1050
    2 1100 1102.5
    5 1250 1276.28
    10 1500 1628.895
    20 2000 2653.2977

Explanation of Solution

Given information: You deposit $1000 into an accounts that earn 5% simple annual interest, and your friend $1000 into an accounts that earns 5% interest compounded annually.

  Pre-Algebra, Chapter 7.7, Problem 25E , additional homework tip 1

Calculation: We know the simple interest account balance is =P(1+rt)

Where, P = Deposited amount, r = interest rate, t = time

The compound interest account balance =P(1+r)t

Where, P = Deposited amount, r = interest rate, t = time

Let’s complete the table,

    Years Simple interest account balance Compound interest account balance
    1 1050 1050
    2 1100 1102.5
    5 1250 1276.28
    10 1500 1628.895
    20 2000 2653.2977
To determine

To make: A scatter plot of the data.

Expert Solution
Check Mark

Answer to Problem 25E

  Pre-Algebra, Chapter 7.7, Problem 25E , additional homework tip 2

Explanation of Solution

Given information: You deposit $1000 into an accounts that earn 5% simple annual interest, and your friend $1000 into an accounts that earns 5% interest compounded annually.

  Pre-Algebra, Chapter 7.7, Problem 25E , additional homework tip 3

Calculation: Let’s plot the data,

  Pre-Algebra, Chapter 7.7, Problem 25E , additional homework tip 4

To determine

To describe: How the graph of the simple interest balance is different from the graph of the compound interest balance.

Expert Solution
Check Mark

Answer to Problem 25E

In the graph we can see the graph of the compound interest account increases more than the simple interest account balance.

Explanation of Solution

Given information: You deposit $1000 into an accounts that earn 5% simple annual interest, and your friend $1000 into an accounts that earns 5% interest compounded annually.

  Pre-Algebra, Chapter 7.7, Problem 25E , additional homework tip 5

Calculation: Since, The simple interest account balance less increase than the compound interest account balance.

Hence, In the graph we can see the graph of the compound interest account increases more than the simple interest account balance.

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Chapter 7.7, Problem 24E
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Chapter 7.7, Problem 26E

Chapter 7 Solutions

Pre-Algebra

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