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
Charra [1.4K]
4 years ago
5

Two brothers, Mark and Charles, each inherit $31000. Mark invests his inheritance in a savings account with an annual return of

2.9%, while Charles invests his inheritance in a CD paying 6.4% annually. How much more money than Mark does Charles have after 1 year?
Mathematics
1 answer:
Nutka1998 [239]4 years ago
7 0

Answer:

$1,085

Step-by-step explanation:

Data provided in the question:

Amount inherited and invested i.e principle = $31,000

Annual return for Mark on savings account = 2.9% = 0.029

Annual return for Charles on CD = 6.4% = 0.064

Now,

The Interest earned by Mark in 1 year = principle × Rate × Time

= $31,000 × 0.029 × 1

= $899

The Interest earned by Charles in 1 year = principle × Rate × Time

= $31,000 × 0.064 × 1

= $1,984

Therefore,

More Money that Charles have than Mark = $1,984 - $899

= $1,085

You might be interested in
1. Describe the pattern in each sequence. Then find the next two terms of
dalvyx [7]

Answer:

a b c

Step-by-step explanation:

5 0
3 years ago
What is the domain function on the graph
sattari [20]
ANSWER

All real numbers greater or equal to -3.


EXPLANATION

The domain of the given function are values of x that make the function defined.


We can see from the graph that, the domain are x-values greater than or equal to -3.



In other words, we can find a corresponding y-value for all x-values greater than or equal to -3.

The correct answer is option D.
4 0
4 years ago
Read 2 more answers
Jake and mike took a different number of tests. jake scored 85 points on each test. mike's total score was 15 less than jakes to
Daniel [21]
I am to believe that his score was 70.

since mike scored 15 less than 85 i had suspected it was 70
6 0
3 years ago
The ratio for 42 pens : 35 pencils as a fraction is
Alex73 [517]
As a fraction,
35/42, simplified, 5/6
answer=5/6
hope this helps....
4 0
3 years ago
Read 2 more answers
How do you know whether a number is a multiple of another number?
il63 [147K]

Answer:

For example, a multiple of 2 is 2, 4, 6, 8, etc...


So if your question is find three multiples of 36, it would  36, 74 and 110.


Hoped this helped, have a nice day!


Brainlyest plz?


5 0
4 years ago
Other questions:
  • Can someone please answer. There is one problem. There's a picture thank you!
    11·2 answers
  • What is the value of for x = 2 and y = –4?
    9·2 answers
  • brian bought X apples and some oranges. Brian bought 3 more oranges than apples. find the toal number of fruit brian bought in t
    10·1 answer
  • 2×(5+2)÷2 what is the answer
    10·2 answers
  • If the average grade of an English class rose from 70 to 85, what is the approximate percent increase?
    15·2 answers
  • Using distributive property what is 3(5 +6) =
    8·2 answers
  • Jada is making a circular birthday invitation for her friends . The diameter of the circle is 12 cm. She bought 180 cm of ribbon
    13·1 answer
  • Please help ill give brainliest
    7·2 answers
  • I need help please either discord me the answer at F4deG0d#0988 or do it on here cause this is important.
    13·1 answer
  • DETAILS
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!