Answer:
Keir will have the most money to spend on a new boat at the end of the five years; $1,440
Explanation:
Three friends decide that they each want to be able to buy a new boat in five years. Vanore puts $1,000 in a savings account with a simple interest rate of 4.5%. Keir invests $1,200 in a standard savers account with a simple interest rate of 4%. Omar invests $950 in a junior achievers account with a 6% annual compound interest rate. Who will have the most money to spend on a new boat at the end of the five years?
Vanore puts $1,000 in a savings account with a simple interest rate of 4.5%.
Vanore:
I = p * r * t
= 1000 * 0.045 * 5
= $225
I = $225
After 5 years, Vanore will have $1000 + $225
= $1225
Keir invests $1,200 in a standard savers account with a simple interest rate of 4%
Keir:
I = p * r * t
= 1200 * 0.04 * 5
= 240
I = $240
After 5 years, Keir will have $1200 + $240
= $1,440
Omar invests $950 in a junior achievers account with a 6% annual compound interest rate.
Omar:
A = P (1 + r)^t
= 950(1 +0.06)^5
= 950(1.06)^5
= 950(1.3382)
= 1271.1
A = $1,271.1
After 5 years, Omar will have $1,271.1
Keir will have the most money to spend on a new boat at the end of the five years; $1,440
The answer in the first sentence above is hypothesis because it is defined as having to state a prediction or conjecture in regards about an experiment whereas the second sentence' answer is experimental question because researchers tend to state what they plan to do in regards of their investigation and they do not apply any predictions in the experiment.
The primary focus of a political party would be b. elect a person.
<u>Answer</u>:
A. Concurring opinion
<u>Explanation</u>:
In law, a concurring opinion is in certain legal systems a written opinion by one or more judges of a court which agrees with the decision made by the majority of the court, but states different (or additional) reasons as the basis for his or her decision.
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