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8) Alcohol Mixtures: In a chemistry class, 12 liters of a 12% alcohol solution must be mixed with a 20% solution to get a 14% solution. How many liters of the 20% solution are needed?
Compute and compare the following interest situations if you deposit $2500 into an account with 3.5% interest for 10 years.
9) The account pays simple interest.
10) The account pays compounding interest monthly.
11) The account pays continuously compounding interest.
12) How much difference is there between the three different types of interest? Explain.
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