1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yan [13]
3 years ago
14

Your fixed expenses are $1,328.90/month and you saved 4 months' worth in an emergency fund. You place half in a 45-day CD at a 4

.5% APR and the remainder in a regular savings account at a 3.2% APR. How much total interest do you earn in 45 days?
Mathematics
2 answers:
love history [14]3 years ago
6 0
You saved 4 months
1,328.9×4
=5,315.6
half in each account
5,315.6÷2
=2,657.8
CD interest
2,657.8×0.045×(45÷365)
=14.75
Saving account
2,657.8×0.032×(45÷365)
=10.49

14.95 + 10.63 = $25.58 total interest earned

Hope it helps
lina2011 [118]3 years ago
4 0

Answer:

$25.22

Step-by-step explanation:

We are given that Your fixed expenses are $1,328.90/month and you saved 4 months' worth in an emergency fund.

So, you saved in 4 months = 1328.90 \times 4

                                            = 5315.6

You place half in a 45-day CD at a 4.5% APR

Thus you place amount in a 45-day CD at a 4.5% APR =\frac{5315.90}{2}=2657.95

So, To calculate Simple interest at rate of 4.5 % we will use formula :

SI= P\times R\times T

P = Principal = 2657.95

R = rate of interest in decimal = 4.5% =0.045

T = Time in years = 45/365

Substitute the values in the formula :

SI= 2657.95 \times 0.045 \times \frac{45}{365}

SI= 14.74

Now the remainder in a regular savings account at a 3.2% APR.

Now the rate of rate of interest for other half is 3.2 %

P = Principal = 2657.95

R = rate of interest in decimal = 3.2% =0.032

T = Time in years = 45/365

Substitute the values in the formula :

SI= 2657.95 \times 0.032 \times \frac{45}{365}

SI= 10.48

Thus the total interest = 14.74+10.48= 25.22

Hence you earn $25.22 as interest in 45 days.

You might be interested in
If nine times a certain number is subtracted from 7 the result is 52. Find the number.
mezya [45]

Answer:

Let the number to find be x

7 - 9x = 52

-9x = 52-7

- 9x = -45

Divide by - 9

x = 5

The number is 5

Hope this helps.

6 0
3 years ago
Read 2 more answers
Which expression is equivalent to 3(5+4)
guajiro [1.7K]

Answer:

3(15+12)

Step-by-step explanation:

3(5+4)

3( 5 x 3 =15 and 4 x 3= 12)

4 0
2 years ago
BRAINLIEST BRAINLIEST <br> Please answer number 2 thank you
bija089 [108]

Answer:

$28

Step-by-step explanation:

Time = 4 hours

Charge = $7 / hour

Multiply those two numbers:

4 hour × $7 / hour = $28

Function f(time) = $7 × time

Hopefully this answer helps you :)

4 0
2 years ago
Read 2 more answers
PLEASEEE HELP USER THATS CORRECT GETS 50 POINTS AND BRAINLY CROWN Using the diagram, name two pairs of complementary and two pai
SVETLANKA909090 [29]

Answer:

Complementary: (2,3) & (1,9)

Supplementary: (6,7) & (5,8)

Step-by-step explanation:

8 0
2 years ago
True or false<br><br> A rhombus is an isosceles trapezoid
Elina [12.6K]

Answer:

false

Step-by-step explanation:

7 0
2 years ago
Read 2 more answers
Other questions:
  • Suppose that the terminal point determined by t is the point 12 13 , 5 13 on the unit circle. Find the terminal point determined
    5·1 answer
  • I want help in my ALEKS homework .. :)
    11·1 answer
  • What is the slope of<br> the line parallel to 3x +<br> y = 12?
    10·2 answers
  • Ravi can type 6 words in 4 seconds. how many words can she type in 10 seconds.
    11·1 answer
  • Help somebody please please im begging you due in 20 minutes​
    10·1 answer
  • 9 less than a number is at most the same number divided by 2
    10·1 answer
  • Evaluate the given algebraic expression for x=3 and y=3 x^2y^2
    13·1 answer
  • A particular pizza store models their pizza sales based on their price. They find that at the original price of $5 per slice, th
    5·2 answers
  • About how many 15s are there in 1525?<br>a.98<br>b.100<br>c.102​
    11·2 answers
  • 15, -19, 23, -27.. how would you write that in sigma notation?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!