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
kogti [31]
2 years ago
14

With $3500 each, Martin and Edward opened separate accounts. Each account offered 4.5% interest over 10 years. At the end of 10

years, Edward earned more than Martin. Why? A. Edward invested for a different amount of time than Martin. B. Edward had a different interest rate than Martin. C. Edward earned compound interest, and Martin earned simple interest. D. Edward e
Soomeone helpppp meeee
Mathematics
1 answer:
vfiekz [6]2 years ago
7 0
Given that Edward and Martin invested the same amount of $3500, with interest rate of 4.5% and time period of 10 years: The difference in the amount of money will be brought about by different schemes in which they both invested the money. 
The interest earned from above cash under simple interest will be:
S.I=(PRT)/100
S.I=3500*4.5/100*10=$1575
the total amount after 10 years will therefore be:
1575+3500
=$5075

The same amount if it was compounded annually, the amount after 10 years will be:
FV=P(1+r/100)^n
FV=3500(1+3.5/100)^10
FV=4,937.10
we therefore conclude that the answer is:
Edward must have earned simple interest while Martin earned compound interest.

You might be interested in
Find the pattern rule or the following numerical pattern:1,3,11,43
vfiekz [6]

Answer:

they are all prime numbers

4 0
3 years ago
A cylinder has a volume of 175 pie cubic units and a height of seven units what's the diameter
Debora [2.8K]
Πr²h=175
πr²*7=175
Divide both sides by 7
πr²=25
Divide both sides by π (3.14)
r²=7.96
Square root of 7.96=2.82
r=2.82
Diameter is 2r. 2.82*2
2.82*2=5.64
3 0
2 years ago
PlEaSe HeLp. I wIlL gIvE 10 pOiNtS.
s344n2d4d5 [400]
-8 I think because it has a pattern
8 0
3 years ago
4 sailboats to 12 motorboats
lukranit [14]

Answer:

4:12

Step-by-step explanation:

I think you asked for a ratio?

8 0
2 years ago
9. How many kilograms are in 14,500 grams?
serg [7]

Answer:

17

Step-by-step explanation:

hhhhhhhhhhhuuuuuuyhjjhhhhhhhuhhyyhhyfddfgfddfgddfffrrfffffrrrrrt

7 0
2 years ago
Read 2 more answers
Other questions:
  • # 11 Q . please solve the diagrama
    10·2 answers
  • 1. find the sum of the following numbers: -4, 7, -3, -12, 9
    12·1 answer
  • Answers please!! I would do this but I don’t understand what statistical means..but if you do know what it means this is easy pe
    13·2 answers
  • The width of a rectangular box is 4 times its length, and its height is 6in more than its length. The volume of the box is 102in
    8·1 answer
  • 3. Which shows three ratios equivalent to 8:20? A. 2:5, 4:10, 6:15 B. 2:5. 10:4, 6:15 C. 5:2. 4:10. 156 D. 5:2. 10:4. 15:6​
    9·1 answer
  • 6-.25x16+21/3 solved and explained please and thank you!
    8·1 answer
  • Need help in these two only PLEASEE!! School is starting tomorrow
    15·1 answer
  • Answer below PLEASE HELP ME PLSSS HELP WILL MARK BRAINLIST
    8·2 answers
  • Find the area of a circle with a radius of 5 feet. Round your answer to the nearest tenth. Find the area of a circle with a diam
    7·1 answer
  • In a class of 80 students, 45 are good in math,15 are good in both math and english,13 are good in both math and psychology,16 a
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!