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2 years ago

Which of the following is the best buy?

Mathematics

1 answer:

ehidna [41]2 years ago

4 0

Answer:

Step-by-step explanation:

It cannot be D, because it costs way more, it cannot be C because there are other options that provide better value. We can finally determine that it is B because for 3 pens more it is only 9 cents more

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How many years will it take each situation to double its money? Situation A: Matthew invests $5,000 in an account with a compoun

algol [13]

Answer:

Matthew's money will double fastest in 6 years.

Step-by-step explanation:

The complete question is

Answer the question for each scenario by applying the rule of 72. How many years will it take each situation to double its money? Situation A: Matthew invests $5,000 in an account with a compound interest rate of 12%. Situation B: Morgan invests $2,500 in an account with a compound interest rate of 8%. Situation C: Maysen invests $10,000 in an account with a compound interest rate of 4.5%. Whose money will double fastest?

we know that

The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed annual rate of interest. By dividing 72 by the annual rate of return.

Situation A: Matthew invests $5,000 in an account with a compound interest rate of 12%

$\frac{72}{12}=6\ years$

Situation B: Morgan invests $2,500 in an account with a compound interest rate of 8%.

$\frac{72}{8}=9\ years$

Situation C: Maysen invests $10,000 in an account with a compound interest rate of 4.5%

$\frac{72}{4.5}=16\ years$

therefore

Matthew's money will double fastest in 6 years.

7 0

3 years ago

Who ever gets this wright first gets a thanks :D

Alexandra [31]

30, ___, 19, 13.5

19 - 13.5 = 5.5

30 - 5.5 = 24.5

19 + 5.5 = 24.5

Thus, 30, 24.5, 19, 13.5.

4 0

3 years ago

There were 12 boys and 20 girls in chorus. What is the ratio of boys to girls? A:3:8

Blizzard [7]

Answer:

C 3.5.......

Step-by-step explanation:

Your welcome

5 0

3 years ago

Read 2 more answers

if tom spins the spinner 80 times work out an estimate for the number of times the spinner will land on 3

kodGreya [7K]

Can you provide imformation on how many different areas that it can land on?

7 0

4 years ago

You deposit $60 in an account earning simple interest at an annual rate of 5% after 12 years what is your new balance

Kaylis [27]

Answer:

The total amount accrued, principal plus interest, from simple interest on a principal of $60.00 at a rate of 5% per year for 12 years is $96.

Step-by-step explanation:

Given

Principle P = $60

Rate r = 5% = 5/100 = 0.05

Time period t = 12 years

To determine

New Balance A = ?

Using the formula

A = P(1 + rt)

A = 60(1+(0.05×12))

A = $96.00

Therefore, the total amount accrued, principal plus interest, from simple interest on a principal of $60.00 at a rate of 5% per year for 12 years is $96.

8 0

3 years ago