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ipn [44]
2 years ago
5

jennifer invests $2,302 in a money market account. the account pays 2.1% simple interest annually. if she doesn’t add or subtrac

t any money, is it reasonable to expect that jennifer will earn about $200 in simple interest in 5 years?
Mathematics
1 answer:
alexandr402 [8]2 years ago
6 0

Jennifer would earn more than $200. She would earn $230.02 over the period.

<h3>What is the simple interest that Jennifer would earn?</h3>

Simple interest is a type of interest paid only on the money invested.

Simple interest = amount invested x interest rate x time

2302 x 5 x 0.021 = $230.20

To learn more about simple interest, please check: brainly.com/question/27328409

#SPJ1

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The value of 8 is between which two integers?<br> 2 and 3<br> 3 and 4<br> 07 and 9<br> 49 and 81
Delvig [45]

Answer:

2 and 3

Step-by-step explanation:

The square root of 8 is 2.82842712475

5 0
3 years ago
Please please please.
sesenic [268]
the possibilities are probably b, using the elimination method
4 0
3 years ago
Para cambiar 212% a fracción debemos dividirlo entre 100% ?
kirza4 [7]

 Si tiene que divide 212/100=53/25

4 0
3 years ago
Niki makes the same payment every two months to pay off his $61,600 loan. The loan has an interest rate of 9.84%, compounded eve
Alenkasestr [34]
The question is an annuity question with the present value of the annuity given.
The present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt) / (r/t) where PV = $61,600; r = interest rate = 9.84% = 0.0984; t = number of payments in a year = 6; n = number of years = 11 years and P is the periodic payment.
61600 = P(1 - (1 + 0.0984/6)^-(11 x 6)) / (0.0984 / 6)
61600 = P(1 - (1 + 0.0164)^-66) / 0.0164
61600 x 0.0164 = P(1 - (1.0164)^-66)
1010.24 = P(1 - 0.341769) = 0.658231P
P = 1010.24 / 0.658231 = 1534.78
Thus, Niki pays $1,534.78 every two months for eleven years.
The total payment made by Niki = 11 x 6 x 1,534.78 = $101,295.48
Therefore, interest paid by Niki = $101,295.48 - $61,600 = $39,695.48
8 0
3 years ago
Read 2 more answers
For which equation would x = 8 not be a solution?
Olegator [25]

Answer:

b. 4x = 48

Step-by-step explanation:

If you look closely an multiply 4 x 8, it equals 32, not 48

The other equations:

8 x 8 does equal 64

10 x 8 does equal 80

9 x 8 does equal 72

It's pretty simple once you try each problem first

Hope this helps!

5 0
3 years ago
Read 2 more answers
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