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Brums [2.3K]
3 years ago
6

The same amount of principal is invested in different accounts earning the same interest rate. Which of the following accounts w

ould have the greatest accumulated value at the end of one year?
a.
An account earning no interest
b.
An account earning simple interest
c.
An account earning interest compounded annually
d.
An account earning interest compounded daily
Mathematics
1 answer:
11111nata11111 [884]3 years ago
8 0
The correct option is D.
There are two types of interest, simple interest and compound interest. The simple interest on a loan is usually paid over a certain period at a fixed percentage of the amount borrowed. Compound interest on the other hand can be describes as interest paid on interest. This is because, the calculation of compound interest involves adding the interest accrues on a loan to the principal and then calculating interest on the whole amount. The interest yielded is continuously added to the principal and new principal amount is generated every time the interest is added.
Obviously, it can be seen that calculating compound interest on a daily basis will yield the greatest amount of money compare to other options given.
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Answer:

y=11

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Hi there!

We want to find the equation of the line that passes through the point (-8, 11) and is perpendicular to x=-15

If a line is perpendicular to another line, it means that the slopes of those lines are negative and reciprocal; in other words, the product of the slopes is equal to -1

The line x=-15 has an undefined slope, which we can represent as 1/0, which is also undefined.

To find the slope of the line perpendicular to x=-15, we can use this equation (m is the slope):

m_1*m_2=-1

m_1 in this instance would be 1/0, so we can substitute it into the equation:

\frac{1}{0} *m_2=-1

Multiply both sides by 0

m_2=0

So the slope of the new line is 0

We can substitute it into the equation y=mx+b, where m is the slope and b is the y intercept:

y=0x+b

Now we need to find b:

Since the equation passes through the point (-8,11), we can use its values to solve for b.

Substitute -8 as x and 11 as y:

11=0(-8)+b

Multiply

11=0+b, or 11=b

So substitute into the equation:

y=0x+11

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