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
Please answer number 3.
Alenkasestr [34]

I can't exactly SHOW you where to put the numbers, but I can teach you the process of how you'd do it.

First off, label your number line from 0-15, as it is the simplest. (You'd be counting by 1 per each line). Then, follow this process:

1) Look at the first digit of your value. Place your number according to your first digit. (So, you'd put 0.365 at the 0 line and 3.521 at the 3 line)

2) Look at the second digit of your value. Imagine that between the two main lines (0-1 and 3-4) that there is 10 smaller lines. Then, you can place your number according to your second digit. (So, you'd put 0.365 at the 0.3 line and 3.521 at the 3.5 line).

3) Look at the third digit of your value. Imagine that between the two smaller lines (0.3-0.4 and 3.5-3.6) that there is 10 smaller lines. Then, you can place your number according to your third digit. (So, you'd put 0.365 at the 0.36 line and 3.521 at the 3.52 line).

4) Look at the fourth digit of your value. Imagine that between the two even smaller lines (0.36-0.37 and 3.52-3.53) that there is 10 smaller lines. Then, you can place your number according to your fourth digit. (So you'd place 0.365 at the 0.365 line and 3.521 at the 3.521 line)

6 0
3 years ago
the area of a rectangle is144j^9k^15 square units. if the width of the rectangle is 8j^4k^5 units, what is the rectangle lingth​
Nadusha1986 [10]

Answer:

bj

Step-by-step explanation:

jnjnmnkjbjkbbnm nb n n n n jbjkb

jkjbjkbjbjkbjkbjbjkbjkbjbjkbjb

3 0
3 years ago
Y =9x+13 <br> y =2x+48<br> Can you find the x and the y
Digiron [165]
9x+13=2x+48
-2x      -2x
7x+13=48
    -13  -13
      7x=35
      /7     /7
      x=5

y=9(5)+13
y=45+13
y=58
4 0
3 years ago
75,000 = _____ tens<br>please answer
ValentinkaMS [17]
It would be 7500 because if you divide 75000/10 your answer would be 7500
6 0
3 years ago
If a math test has questions on spelling, the test does not<br><br> have this type of validity.
Arada [10]

Answer:

yes

Step-by-step explanation:

because its true

8 0
3 years ago
Read 2 more answers
Other questions:
  • Can someone please help me with this question? Also, can you show your work. Thank you! :) 2 help me understand
    11·1 answer
  • If m/8 =57, find m/1.​
    11·2 answers
  • 34.04 as a mixed number
    8·1 answer
  • Amalia is scuba diving at a position 24.25 feet below sea level.she descends 0.5 foot each minute for 25 minutes what is Amalias
    5·1 answer
  • I need help ❤❤ please
    9·2 answers
  • A nonrenewable energy source is one that
    15·1 answer
  • What is 19 1/2% of 62?
    11·2 answers
  • The variable x represents a value in the set {4,6,7,8}.
    5·1 answer
  • Stella took a taxi from her house to the airport. The taxi company charged a pick-up fee of $1.20 plus $1.50 per mile. The total
    8·2 answers
  • Sandra bought 4 pounds of sweet potatoes for $5.36. What is the cost per pound of
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!