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
kati45 [8]
3 years ago
11

Carly deposited $800 in an account that earns 6% compounded annually. Lara deposited $800 in an account that earns 6% simple int

erest. How much will each girl have in their account at the end of 10 years if they make no withdrawals or deposits?
Business
1 answer:
LiRa [457]3 years ago
7 0

Answer:

Carly will have $1,433 in her account at the end of 10 years.

Lara will have $1,280 in her account at the end of 10 years.

Explanation:

Simpe interest pays the simple trust on the principal amount. There is no reinvestment of interest.

In compounded Interest the Interest earned from the investment is reinvested and again interest on principal and interest amount reinvested is earned.

Carly Deposit balance

Principal amount = $800

Blance after 10 years = $800 ( 1+ 6% )^10 = $800 x 1.791 = $1,433

Lara Deposit balance

Principal amount = $800

Amount of Interest for 10 years = 800 x 6% x 10 = $480

Blance after 10 years = $800 + $480 = $1,280

You might be interested in
Kathryn is looking for ideas on how best to grow her small business. She and her three partners sit down to brainstorm suggestio
bazaltina [42]

Answer:

B

Explanation:

So you dont waste ur time

5 0
3 years ago
Bob was married to Sandy, and they have a 12-year-old son. Sandy passed away last year. Bob needs to complete his federal income
lukranit [14]

Answer:

Qualifying widower with a dependent child

Explanation:

By filing as a widower with dependent child (the child is a necessary qualification requirement), Bob can use the same tax bracket and retain the same benefits as filing as married. This means that his income will be taxed at a lower rate than if he had filed as single, and he will obtain the same deduction as a married couple (twice the deduction for a single filer).

6 0
3 years ago
A charge nurse is delegating a task. The nurse understands which of the following represents effective delegation? Select all th
AlekseyPX

The nurse represents that effective delegation include:

  • Delineating the desired outcomes of the delegation.
  • Asking the nurse if they are capable of completing the delegated task.
  • Monitoring how the delegated task is being accomplished.

<h3>How to illustrate the information?</h3>

Effective delegation means planning ahead when identifying tasks to be accomplished. Assess the situation, and clearly delineate the desired outcomes.

Monitoring how the task is being accomplished is considered effective delegating.

Learn more about delegation on:

brainly.com/question/10708236

#SPJ1

7 0
2 years ago
Diane has created the following code:
Effectus [21]
C is your answer (ik it’s likely a little late now, but this will help others who need it‍♂️)
7 0
4 years ago
PLZ HELP ASAP !! Econ !!
alexandr402 [8]

I'm pretty sure B

Explanation:

I dont knowing I'm correct but give meh a rating if I'm right

7 0
3 years ago
Other questions:
  • On June 1, Year 3, Pete, a partner in the Sky Castle partnership, contributed to the partnership some undeveloped land (not inve
    10·1 answer
  • What may happen if your job does not require you to use the aptitudes you possess?​
    14·1 answer
  • To increase the money​ supply, the FOMC directs the trading​ desk, located at the Federal Reserve Bank of New​ York, to A. sell
    12·1 answer
  • Lucid Company declared a property dividend of 37,000 shares of its investment in $1 par Polk Company common stock. The Polk stoc
    13·1 answer
  • Big Dom’s Pawn Shop charges an interest rate of 27.5 percent per month on loans to its customers. Like all lenders, Big Dom must
    8·1 answer
  • Samantha, a famous artist, has a contract with Alec to paint his portrait for $6,000. Samantha is very busy and wants to delegat
    8·1 answer
  • Louis owns an import business. After traveling to France on numerous occasions, he developed a taste for fine French wines. A ra
    10·1 answer
  • Economics ch 7 <br> What are the 2 barriers to entry in a market
    14·1 answer
  • Customer: An entity that describes a customer. An instance occurs for unique customers only using name, date of birth, and login
    15·1 answer
  • A firm in a perfectly competitive market: a.must reduce its price if it wants to sell a larger quantity. b.must be large relativ
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!