C. Savings account B because it has more compounding periods per year.
Step-by-step explanation:
Step 1:
Savings account A has an APR of 5% which compounds interest semiannually. This means that savings account A compounds twice in a year. If account A compounds 5% a time, it would compound 5(2) = 10% in a single year.
Step 2:
Savings account B also has an APR of 5% which compounds interest quarterly. This means that savings account B compounds four times in a year. If account B compounds 5% a time, it would compound 5(4) = 20% in a single year.
Step 3:
Savings account A gets an interest of 5% a year while savings account B gets an interest of 10% so account B offers a higher APR because of more compoundings in a year.
Answer:
x=75
Step-by-step explanation:
Answer:
6+2
Step-by-step explanation:
Distribute the negative in.
<u>Negative</u><u> </u><u>Multiply</u><u> </u><u>Negative</u><u> </u><u>must</u><u> </u><u>equal</u><u> </u><u>Positive</u><u>.</u>
Answer:
cost of producing the 501st item = $9.92
Step-by-step explanation:
The function representing the cost is given by;
C(x) = 10000 + 90x - 0.08x²
To get the cost of producing the 501st item, we have to first find the cost of producing 500 items and then do the same for 501 items then subtract the values gotten.
Thus;
C(500) = 10000 + 90(500) - 0.08(500)²
C(500) = 10000 + 45000 - 20000
C(500) = $35000
Similarly;
C(501) = 10000 + 90(501) - 0.08(501)²
C(501) = 10000 + 45090 - 20080.08
C(501) = $35009.92
cost of producing the 501st item = C(501) - C(500) = 35009.92 - 35000 = $9.92
To solve this problem you might have to use this formula y=a(1+r)^t A=amount of money you already have 1= a set number R= rate T= time YOUR GIVENS ARE: A=4000 R= 3.5% (0.035) decimals T= 3 years NOW lets plug IN everything in the FORMULA y=4000(1+.035)^3= $4434.87. NOW lets subtract 4000-4434=434. She earned $434 of simple interest.
