Janice wants to invest $1,000. Texas Loan & Credit will offer Janice an annual simple interest rate of 6% that is paid upon withdrawal. Pecan & Cedar Savings Bank will offer Janice an interest rate of 3% that is compounded annually. Which Bank will yield better interest earnings after investing $1,000 for 2 years?

Texas Loan & Credit will yield better interest earnings after Janice invested $1,000 for 2 years.

The interest earnings will be $120 as against Pecan & Cedar's $60.90.

Explanation:

Texas Loan & Credit:

Simple interest rate = 6%

Janice's Investment = $1,000

Interest earnings = $120 ($1,000 * 6% * 2)

Pecan & Cedar Savings Bank:

Compound interest rate = 3%

Janice's investment = $1,000

Interest earnings = $60.90 ($1,000 * 3%) + ($1,030 * 3%)

In the second year, the interest earnings of $30 are added to the principal to get a new compounded principal of $1,030 on which 3% is also applied.

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

d

step-by-step explanation: