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3 years ago

If you are investing money, would you rather deposit into an account that earns simple interest or compound interest?

Mathematics

2 answers:

Citrus2011 [14]3 years ago

6 0

Answer:

Compound interest.

Step-by-step explanation:

-In compound interest, your money grows more rapidly as the interest already earned also earns a further interest over time for the term of the investment.

-While in simple interest, only the principal amount invested will earn interest over the investment's term>

#Let's say you invest $100 each in A(earning simple interest) and B(earning compound interest), take the term of both investments to be 5 yrs with both subject to an annual rate of 10%:

-Get the investment amounts in both accounts at the end of 5 yrs:

$\#A\\A=PRT+P\\\\=100\times 0.1\times 5+100\\\\=150\\\\\#B\\A=P(1+i)^n\\\\=100(1+0.1)^5\\\\=161.05$

Hence, you notice that your earn more in compound interest keeping all other conditions similar.

bonufazy [111]3 years ago

3 0

Answer:

compound interest

i took the test, and i got this one correct.

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The function f(x) = 6x + 8 is transformed to function g through a horizontal stretch by a factor of 5. What is the equation of f

elixir [45]

Answer:

$g(x) = 30\cdot x +40$ ; $a \approx 1.898$ , $k = 40$ .

Step-by-step explanation:

The resultant function is obtained by multiplying $f(x)$ by a real number $k$ . That is:

$g(x) = k \cdot f (x)$

If $k = 5$ and $f(x) = 6\cdot x + 8$ , then $g(x)$ is:

$g(x) = 5\cdot (6\cdot x + 8)$

$g(x) = 30\cdot x +40$

Given that presence of the expression $g(x) = 6^{a}\cdot x + k$ , then:

$6^{a} = 30$ and $k = 40$

The value of a is obtained by applying the definition of logarithms:

$a = \log_{6}30$

$a \approx 1.898$

Finally, the value of k is found by direct comparison:

$k = 40$

6 0

3 years ago

Nth term for quaratic sequence -7,-6,-3,2,9,18,29

rusak2 [61]

Answer:

-7, -6, -3, 2, 9, 18, 29, 42, 57

Rule: + 1, + 3, + 5, + 7, + 9, + 11, + 13, + 15, + 17......................

3 0

3 years ago

Which relationship describes angles 1 and 2?

malfutka [58]

Answer:

vertical angles

Step-by-step explanation:

When two lines intersect at a single point, they form 4 angles. Two angles that are not adjacent are vertical angles. With an intersection of two lines art a single point, there are two pairs of vertical angles. Angles 1 and 2 are vertical angles.

5 0

3 years ago

Read 2 more answers

The sum of two numbers is 51. The larger number is 17 more than the smaller number. What are the numbers ?

Serggg [28]

Answer:

The numbers are 17 and 34.

Step-by-step explanation:

I just subtracted 17 from 51, it equals 34, and 34 is 17 more than 17. Add 34 and 17 and you get 51.

4 0

3 years ago

Stevens bank account balance was $212 at the beginning of the month he withdrew $63,$74 and $39 he also deposited $105 and $86 w

Natali5045456 [20]

Answer:

$227

Step-by-step explanation:

First we can add up the withdrawals(63, 74, and 39) which is 176. We can then subtract 176 from 212 to get 36.

So, after the withdrawals Steven has 36 dollars.

We can add the deposits together to get 191. We can then add 191 to 36 to get 227.

8 0

3 years ago