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aliya0001 [1]
3 years ago
14

A bank offers a money market account paying 8.7​% interest compounded annually. A competing bank offers a money market account p

aying 8.5​% interest compounded daily.​ (Assume 360 days in a​ year.) Which account is the better​ investment?
Mathematics
1 answer:
stich3 [128]3 years ago
5 0
The answer is 8.5% interest compounded daily.

EXPLANATION

Regardless of your rate, the more often interest is paid, the more beneficial the effects of compound interest.

A daily interest account, which has 360 compounding periods a year, in this case, will generate more money than an account with an annual compounding, which has one compounding period per year.
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If t=x+k/m then x equals​
kvv77 [185]

Answer:

x = t - \frac{k}{m}

Step-by-step explanation:

Given

t = x + \frac{k}{m} ( isolate x by subtracting \frac{k}{m} from both sides )

t - \frac{k}{m} = x

7 0
3 years ago
You have 12 gallons of a 20% alcohol racing fuel mixture. You want to add
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3 years ago
Question:
AleksandrR [38]

Answer:

x=8 and y=3 (So, yes!)

Step-by-step explanation:

I will solve your system by substitution.

(You can also solve this system by elimination.)

−x+4y=4;−x+3y=1

Step: Solve −x+4y=4 for x:

−x+4y+−4y=4+−4y(Add -4y to both sides)

−x=−4y+4

-x/-1 = -4y+4/-1 (Divide both sides by -1)

x=4y−4

Step: Substitute 4y−4 for x in −x+3y=1:

−x+3y=1

−(4y−4)+3y=1

−y+4=1(Simplify both sides of the equation)

−y+4+−4=1+−4(Add -4 to both sides)

−y=−3

-y/-1 = -3/-1 (Divide both sides by -1)

y=3

Step: Substitute 3 for y in x=4y−4:

=4y−4

x=(4)(3)−4

x=8(Simplify both sides of the equation)

<u>Answer:</u>

x=8 and y=3

4 0
1 year ago
0 ) Dan bought 7 new baseball trading cards to add to his collection. The next
harina [27]

Dan started with 69 cards

Step-by-step explanation:

Let x be the initial number of cards

Then

According to "Dan bought 7 new baseball trading cards to add to his collection"

x+7

The next  day his dog ate half of his collection.

\frac{1}{2}(x+7)

There are now only 38 cards left.

\frac{1}{2} (x+7) = 38

Multiplying both sides by 2

x+ 7 = 38*2\\x+7 = 76

Subtracting 7 from both sides

x+7-7 = 76-7\\x = 69

Hence,

Dan started with 69 cards

Keywords: Linear equation, word problems

Learn more about linear equations at:

  • brainly.com/question/7888686
  • brainly.com/question/7857079

#LearnwithBrainly

4 0
3 years ago
Apply the distributive property<br><br> 1/4(16a+8b+c)
frez [133]

Answer:

4a + 2b + 1/4 c.

Step-by-step explanation:

1/4(16a+8b+c)

= 1/4 * 16a + 1/4 * 8b + 1/4 * c

= 4a + 2b + 1/4 c.

6 0
3 years ago
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