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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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I hope it helps
7 0
3 years ago
PLS HELP WILL GET BRAINLIEST
Tatiana [17]

Step-by-step explanation:

just look at the objects !

they are completely regular, and each arm can cover every other other arm.

so,

15A needs 1/3 of a full rotation.

15B needs 1/2 of a full rotation.

15C needs 1/4 of a full rotation.

15D needs (can you guess ?) ... 1/6 of a full rotation.

4 0
1 year ago
Tickets to a play cost $4 in advance and $5 at the door. The theater club president wants to raise at least $400 from the ticket
tresset_1 [31]

Answer:

x≥48

Step-by-step explanation:

4×40 = 160

400-160 = 240

240÷5 = 48

6 0
3 years ago
The local newspaper has letters to the editor from 60 people. If this number represents 5% of all of
uysha [10]
The newspaper has 1200 readers because if 60 people is only 5%

if you divide 95 by 5 it is 19. 19 times 60 equals 1140. 1140 plus 60 equals 1200. 5% of 1200 is 60.
7 0
3 years ago
Read 2 more answers
Estimated employment change by sector 2004–2020 a bar graph titled estimated employment change by sector from 2004 to 2020 has y
xeze [42]

The high-tech sector employees were less likely to lose their jobs option fourth is correct.

It is given that the estimated employment change by sector 2004–2020 a bar graph titled estimated employment change by sector from 2004 to 2020 has the year on the x-axis and the percentage of change in employment on the y-axis.

It is required to find the correct statement.

<h3>What is a bar chart?</h3>

It is defined as the visual way to show the data a systematically with rectangle box on the x-axis and y-axis. The height and vertical lines show the proportional data.

From the given data many businesses stagnated and had to fire employees, but these were primarily people who could be quickly replaced by someone willing to work for a lower wage.

Employees in the high-tech sector are frequently too valuable to the company to be laid off, therefore their job security was strong because no one could replace them.

Thus, the high-tech sector employees were less likely to lose their jobs option fourth is correct.

Learn more about the bar chart here:

brainly.com/question/15507084

8 0
2 years ago
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