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
Becky is 7 year older than half of Bryan's age. If Bryan is 36 how old is becky ?
Tanya [424]

Answer: Im going to guess 25

Step-by-step explanation: bryan is 36 half of 36 is 18 and becky is 7 years older than 18 which half so you would do 18+7=25 there is your answer.

I THINK DONT QUOTE ME ON THAT ANSWER

8 0
4 years ago
WILL GIVE BRAINLIEST AND 30 POINTS. Solve the equation for x. Show each step of the solution. Name the justification for each st
lora16 [44]

Multiplication property of equality (Multiply both sides by 2)

9(8 - x) + 72 = 204 - 5(3x + 24)

Distributive property

72 - 9x + 72 = 204 - 7.5x  - 60

Combine like terms

-9x + 144 = -7.5x + 144

Subtraction property of equality (Subtract both sides by 144)

-9x ≠ 7.5x

No solution

7 0
3 years ago
How can the equations of lines help you identify whether the lines are perpendicular, parallel, or nether?
Natali5045456 [20]

Answer:

We can determine whether two lines are parallel by comparing their slopes. If the slopes are the same and the y-intercepts are different, the lines are parallel. If the slopes are different, the lines are not parallel. Unlike parallel lines, perpendicular lines do intersect. Their intersection forms a right, or 90-degree, angle.

7 0
3 years ago
PLEASE HELP!!!
Alinara [238K]

Answer:

The answer is 20^(n)

Step-by-step explanation:

From the problem, we know that

a^(3) = 30000                     (1)

a^(5) = 12 000 000            (2)

If we divide (2) and (1)

a^(5) / a^(3)  = a^(2)

a^(2)  =  12 000 000/ 30 000  =  400

a = sqrt(400)  = 20

The rule of the geometric sequence would be

20^(n)

6 0
4 years ago
Can y'all please help me
Semmy [17]
Math Papa XD I use it too lol
8 0
3 years ago
Other questions:
  • Please answer this correctly
    13·2 answers
  • A rancher’s herd of 250 sheep grazes over a 40-acre pasture. He would like to find out how many sheep are grazing on each acre o
    5·2 answers
  • How do exponenents allow you to communicate more previously to other
    10·1 answer
  • 1. How are the intergers and whole number the same ?
    7·1 answer
  • A line parallel to -5x + 4y = 25 has a slope of
    8·1 answer
  • Solve the following equation for x.<br> -4x = 28
    7·1 answer
  • Anyone good at Ks3 math?
    13·1 answer
  • 5x6+7493+89-81+7783=
    10·1 answer
  • What is the student's error?
    14·1 answer
  • There are 11 blue marbles and 7 red
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!