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
Fynjy0 [20]
3 years ago
7

Southern bank has 2 types of avcounts both accounts pay compound interest everyday saver account interest 2.4% per annum 1234 ac

count interest3.4%per annum sue invests £2300 in the saver account bill invests £1800 in the 1234 account interest work ot how much sue and bill each get after 3 years
Mathematics
1 answer:
castortr0y [4]3 years ago
7 0

Answer:

After 3 years, Sue will get £2471.70 and Bill will get £1993.28.

Step-by-step explanation:

Amount at Compound Interest, A=P(1+\frac{r}{k} )^{nk}

Since interest is compounded everyday, period, k=365.

<u>Sue</u>

Amount Invested, P=£2300

Interest Rate Per annum (Saver Account) = 2.4%=0.024

Period, k=365 days

Number of Years, n=3 years

A=2300(1+\frac{0.024}{365} )^{365*3}\\=\£2471.70

<u>Bill</u>

Amount Invested, P=£1800

Interest Rate Per annum (1234 Account ) = 3.4%=0.0034

Period, k=365 days

Number of Years, n=3 years

A=1800(1+\frac{0.034}{365} )^{365*3}\\=\£1993.28

<u>After 3 years, Sue will get £2471.70 and Bill will get £1993.28.</u>

You might be interested in
Which of the following sets could be represented by the given Venn Diagram?
lord [1]

Reptiles and mammals

6 0
3 years ago
Read 2 more answers
Hoping you can solve all of these problems!
nadya68 [22]

Answer:

  • n-13
  • 3n
  • 12x-9
  • -k
  • -30n
  • -4n

Step-by-step explanation:

5 0
3 years ago
In a certain​ lottery, you must select 5 numbers​ (in any​ order) out of 26 correctly to win. a. How many ways can 5 numbers be
Step2247 [10]

Answer:

a. 7893600

b.\ \dfrac{1}{26}

Step-by-step explanation:

Given that there are 26 numbers out of which 5 numbers are to be chosen.

Here repetition is not allowed.

For each of the 5 cases, the total number of possibilities will keep on decreasing by 1.

1st case, number of possibilities = 26

2nd case, number of possibilities = 25

3rd case, number of possibilities = 24

4th case, number of possibilities = 23

5th case, number of possibilities = 22

a. Total number of possibilities = 26 \times25 \times24 \times23 \times22 = <em>7893600</em>

b. Probability of winning by choosing one number:

Formula for probability of an event E can be observed as: P(E) = \dfrac{\text{Number of favorable cases}}{\text {Total number of cases}}

Number of favorable cases = 1

Total number of cases = 26

So, required probability:

P(E) = \dfrac{1}{26}

So, the answers are:

a. 7893600

b.\ \dfrac{1}{26}

5 0
3 years ago
Eleven is 20% of ____
ollegr [7]

Convert to a decimal which would be 0.55 (11/20).


Then you want to multiply 0.55 by 100 (which is a whole number, all % is going to come from 100) to convert to a full % -> 0.55*100


Then you will simplify 0.55*100


You answer will be 55%.

5 0
3 years ago
Read 2 more answers
What information does a supply schedule provide?
Ratling [72]

The <em><u>correct answer</u></em> is:

It shows the supply of an item at different prices.

Explanation:

The definition of a supply schedule is:

"A method used to show the different amounts of a certain product or item that a company would need to supply based on different price points. "

This means it shows the amount of a product that a company should have based on the different prices it sells them at.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Geometry help please 100% correct answer only
    5·1 answer
  • Convert 14 hours into seconds
    14·2 answers
  • The sum of two numbers is 12<br> and their product is 32.<br> What are the two numbers ?
    5·1 answer
  • when clark was 7 years old he had 22 rare coins. Each year Clark added 15 coins to hiss collection. Assuming Clark does not sell
    7·1 answer
  • WILL GIVE BRAINLIEST!!
    5·2 answers
  • A rectangle’s perimeter and it area have the same numerical value. The width of the rectangle is 3 units. What is the length is
    14·1 answer
  • AKAJAXOSPAPXODAOAPA HELP
    9·1 answer
  • HELPPPP me I need help don’t know the answer
    6·2 answers
  • What is the value of the angle marked with xxx?
    12·1 answer
  • Write an equation to express y in terms of x.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!