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
Alla [95]
3 years ago
13

Odette has two investments that she purchased at the same time. Investment 1 cost $10,000 and earns 4% interest each year. Inves

tment 2 cost $8000 and earns 6% interest each year. Instead of calculating 4% interest for one year, suppose the interest for Investment 1 was calculated every day at a rate of (4/365)%. This is called daily compounding. Would Odette earn more, the same, or less using this daily method for one year? Provide an example to show your thinking.
Mathematics
1 answer:
Deffense [45]3 years ago
8 0

Answer:

$10408.08>$10400

She will earn more using the daily compounding method.

Step-by-step explanation:

Investment 1 cost $10,000 and earns 4% interest each year.

If interest was paid once a year

Amount = P(1+r)ⁿ

= 10000(1+0.04)

=10000(1.04)

=$10400

If the interest was compounded daily

Amount = P(1+r/n)ⁿᵗ

=10000(1+0.04/365)³⁶⁵

=$10408.08

Since $10408.08>$10400, it means Odette will earn more using the daily method for one year.

You might be interested in
Elsa pumped 12 gallons of water into her pool. This was done over a period of 2 minutes at a constant rate. What was the change
Rashid [163]

Answer:

it was 6 because do 12 / 2 will equal 6.

5 0
3 years ago
If k is a positive integer and n = k(k + 7), is n divisible by 6 ? (1) k is odd. (2) When k is divided by 3, the remainder is 2.
olganol [36]

Answer:

1.) Yes

2.) Yes

Step-by-step explanation:

Given that

n = k(k + 7)

If k is a positive integer and n = k(k + 7), is n divisible by 6 ?

(1) k is odd. Yes.

Let assume that k = 3

Then, n = 3(3 + 7)

n = 3 × 10

n = 30.

30 is divisible by 6.

(2) When k is divided by 3, the remainder is 2. That is,

Let k = 5

Then,

5/3 = 1 remainder 2

Substitute k into the equation

n = k(k + 7)

n = 5(5 + 7)

n = 5 × 12

n = 60

And 60 is divisible by 6.

Therefore, the answer to both questions is Yes.

5 0
3 years ago
List the numbers which are factors of both 60 and 96
Elden [556K]
The answer is 2. I hope this helped.
6 0
3 years ago
What would be the order?
Oduvanchick [21]

Answer:

<em>17/2, 8.8 with bar on right 8, |-9|, sqrt(82)</em>

Step-by-step explanation:

sqrt(82) = 9.05538...

17/2 = 8.5

8.8 with bar on right 8 = 8.8888888...

|-9| = 9

In order from least to greatest: 17/2, 8.8 with bar on right 8, |-9|, sqrt(82)

3 0
3 years ago
Perform each of the following computations using the measured quantities below.
mylen [45]
<h2>Question </h2>

Perform each of the following computations using the measured quantities below.

Write your final answer with the correct number of significant figures in proper scientific notation (one non-zero number to the left of the decimal point).

a. 917.2 + 45.63 = ___________

b. 3.423 x 10^-4 - 6.42 x 10^-3 =_________

<h2>Answer:</h2>

(a) 9.6 x 10²

(b) -6.1 x 10⁻³

<h2>Step-by-step explanation:</h2>

(a) 917.2 + 45.63

<em>First add the two numbers as follows (ensure that the decimal numbers are well aligned);</em>

   9  1   7 . 2

+   <u>   4  5 . 6  3</u>

   <u>9  6 2  . 8  3</u>

<u></u>

<em>To write the result in a proper scientific notation (one non-zero number to the left of the decimal point), </em>

i. Express the number is standard form

962.83 = 9.6283 x 10²

<em>Note that;</em>

From the result in (i)

9.6283 = mantissa

10 = base

² = power or exponent.

ii. Express the mantissa of the number in 1 decimal place.

9.6 x 10²

Therefore, the result in the proper scientific notation is <em>9.6 x 10²</em>.

(b)  3.423 x 10⁻⁴ - 6.42 x 10⁻³

Find the difference between the two numbers as follows;

i. Re-write the numbers so that they both have the same exponents:

0.3423 x 10⁻³ - 6.42 x 10⁻³

ii. Factor out 10⁻³

10⁻³(0.3423 - 6.42)

iii. Solve the bracket

10⁻³(-6.0777)

iv. Rewrite the result in (iii)

-6.0777 x 10⁻³

<em>To write the result in a proper scientific notation (one non-zero number to the left of the decimal point), </em>

i. Express the number is standard form

-6.0777 x 10⁻³       [already in standard form]

<em>Note that;</em>

From the result in (i)

-6.0777 = mantissa

10 = base

⁻³ = power or exponent.

ii. Express the mantissa of the number in 1 decimal place.

-6.1 x 10⁻³

Therefore, the result in the proper scientific notation is -6.1 x 10⁻³.

6 0
3 years ago
Other questions:
  • Not sure if I solved this right. anyone know?
    10·2 answers
  • To change the steps of a function you need to or compress it
    13·2 answers
  • TRUE OR FALSE. World population growth is steady since prehistoric times and so the exponential growth model is applicable and a
    7·1 answer
  • Can u help me find the answer please
    12·1 answer
  • This exercise refers to a standard deck of playing cards. Assume that 5 cards are randomly chosen from the deck.
    13·1 answer
  • What is the measurement for N?
    13·2 answers
  • Y/0.5=16<br><br> Please solve the equation ‍♀️
    13·2 answers
  • Solve for y<br> X+y=6 <br> X=4<br> Simplify your answer as much as possible<br> Will give Brainliest
    5·2 answers
  • Can someone please help me with this
    6·1 answer
  • HELP ASAP GIVING BRAINLIEST!!! There are other questions, feel free to answer.
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!