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lisabon 2012 [21]
3 years ago
11

Kelsey has $5000 to invest and she is trying to decide between two banks. The second national bank is paying 3.5% interest compo

unded continuously. The third national bank is paying 3.8% interest compounded monthly. Find the amounts possible after 7 years at each bank. Which bank should Kelsey choose and why?
Mathematics
2 answers:
Nina [5.8K]3 years ago
5 0

Answer:

Monthly Compounding

Total = principal * (1 + rate / 12) ^ years * 12

Total = 5,000 * (1 + (.038/12) )^84

Total = 5,000 * 1.30418682

Total = 6,520.93

Continuous Compounding

Total = principal * e ^ (rate * years)

Total = 5,000 * 2.718281828459 ^ (.035 * 7)

Total = 5,000 * 2.718281828459  ^ (0.245 )

Total = 5,000 * 1.2776213132

Total =  6,388.11

So, Kelsey should choose the monthly compounding bank.

Step-by-step explanation:

jeyben [28]3 years ago
3 0

Answer: 851.44

Step-by-step explanation: try to do the math

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Answer:

Undefined

Step-by-step explanation:

Use rise over run (y2 - y1) / (x2 - x1), where (x1, y1) and (y1, y2) are points on the line

Plug in the given points:

(y2 - y1) / (x2 - x1)

(-8 - 7) / (3 - 3)

-15/0

= undefined

The slope is undefined, because you cannot divide by 0.

6 0
3 years ago
Help got to get this done ASP or I will not be able to test tommrow and I will get a F this is worth a 100 points so please help
Archy [21]
This is what I got. Good luck!

7 0
3 years ago
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Write 24.357 in the Expanded form using fractions
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8 0
2 years ago
Please help! Thank you!
KIM [24]
The correct answer is:  [B]:  " (2, 5) ".
__________________________________________
Given:
__________________________________________
  -5x + y = -5 ;
  -4x + 2y = 2 .
___________________________________________
  Consider the first equation:
___________________________
-5x + y = -5 ;  ↔ y + (-5x) = -5 ;

↔ y - 5x = -5 ;  Add "5x" to each side of the equation; to isolate "y" on one side of the equation; and to solve in terms of "y".
_____________________________________________
   y - 5x + 5x = -5 + 5x  

   y = -5 + 5x ;  ↔ y = 5x - 5 ;
____________________________________________
 Now, take our second equation:
______________________________
     -4x + 2y = 2 ; and plug in "(5x - 5)" for "y" ;  and solve for "x" :
_____________________________________________________
         -4x + 2(5x - 5) = 2 ; 
______________________________________________________
Note, 2(5x - 5) = 2(5x) - 2(5)  = 10x - 10 ;
__________________________________________
So:   -4x + 10x - 10 = 2 ;

On the left-hand side of the equation, combine the "like terms" ;

-4x +10x = 6x ;  and rewrite:

6x - 10 = 2  ;

Now, add "10" to each side of the equation:

6x - 10 + 10 = 2 + 10 ;

to get:

           6x = 12 ;  Now, divide EACH side of the equation by "6" ; to isolate "x" on one side of the equation; and to solve for "x" ; 

           6x/6 = 12 / 6 ;
 
                 x = 2 ;
_________________________________
Now, take our first given equation; and plug our solved value for "x" ; which is "2" ; and solve for "y" ;
_____________________________________
-5x + y = -5  ;

-5(2) + y = -5 ;

-10 + y = -5 ;  ↔
                              y - 10 = -5  ;

Add "10" to each side of the equation; to isolate "y" on one side of the equation; and to solve for "y" ;
     
         y - 10 + 10 = -5 + 10 ;

                   y = 5 .
_____________________________
So, we have, x = 2 ; and y = 5 .
____________________________
Now, let us check our work by plugging in "2" for "x" and "5" for "y" in BOTH the original first and second equations:
______________________________
first equation: 

-5x + y = -5 ;

-5(2) + 5 =? -5?

-10 + 5 =? -5 ? YES!
______________________
second equation:

-4x + 2y = 2 ;

-4(2) + 2(5) =? 2 ?

-8 + 10 =? 2 ?  Yes!
_______________________________________________________
So, the answer is: 
___________________________________________________________
          x = 2 , y = 5 ; or, "(2, 5)" ;  which is: "Answer choice: [B] " .
___________________________________________________________



3 0
3 years ago
In the diagram ce =12 and be=5 based on the given info ae =
DanielleElmas [232]
The answer is ae=12 that what i got right on my test
5 0
3 years ago
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