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RideAnS [48]
3 years ago
9

Account A and Account B both have a principal of $2,000 and an annual interest rate of 2%. No additional deposits or withdrawals

are made. Account A earns simple interest. Account B earns interest compounded annually. Compare the amounts in the two accounts after 20 years. Which earns more interest? How much more?
After 20 years, account (A or B) will have earned $____ more.
Mathematics
1 answer:
GuDViN [60]3 years ago
5 0

Answer:

Account B earns more interest.

After 20 years, account B will have earned $171.89 more.

Step-by-step explanation:

Let's calculate the total for each account.

Account A:

Account A earns simple interest. We know that the principal value is $2000 and the interest rate is 2% or 0.02. We can use the simple interest formula:

A=P(1+rt)

Where A is the future value, P is the principal, r is the rate, and t is the time in years.

So, let's substitute 2000 for P, 0.02 for r, and 20 for t. This yields:

A=2000(1+0.02(20))

Multiply and add:

A=2000(1+0.4)=2000(1.4)

Multiply. So, the total amount of money in Account A after 20 years is:

A=\$2800

Since we initially deposited $2000 and our total is now $2800, this means that we earned an interest of 2800-2000=\$ 800

Account B:

Account B earns compound interest. Like Account A, Account B has a principal value of $2000 and the interest rate is 2% or 0.02. We also know that it's compounded annually, so once per year. We can use the compound interest formula:

B=P(1+\frac{r}{n}})^{nt}

Where B is the future value, P is the principal, r is the rate, n is the times compounded per year, and t is the time in years.

So, let's substitute 2000 for P, 0.02 for r, n for 1 (since it's compounded annually), and t for 20. This yields:

B=2000(1+\frac{0.02}{1})^{(1)(20)}

Simplify this to acquire:

B=2000(1.02)^{20}

Evaluate. Use a calculator. So, after 20 years, the amount of money in Account B is:

B\approx\$2971.89

Since our principal was $2000, this means that we earned an interest of approximately  2971.89-2000=\$ 971.89.

So, Account A earned an interest of $800 and Account B earned an approximate interest of $971.89.

So, Account B earned more interest.

And it earned 971.89-800=\$ 171.89 more than Account A.

And we're done!

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A rocket is launched straight up from the ground with an initial velocity of 192 feet per second. The equation for the height of
Ivenika [448]

The equation for the height of the rocket at time t given

h= -16t^2+192t

We have to find the time t, when the rocket reaches 560 feet.

That means we have to find t when h = 560 ft. we will place 560 in the place of h to find t now.

h= -16t^2+192t

560 = -16t^2+192t

In the right side, we can check -16 is the common factor. So we will take out -16 from the rigbht side.

560 = -16(t^2 - 12t)

To get rid of -16 from the right side and move it to left side, we will divide both sides by -16.

560/-16 = -16(t^2-12t)/-16

-35 = t^2 -12t

Now we will move -35 to the righ side by adding 35 to both sides.

-35+35 = t^2-12t+35

0 = t^2 -12t+35

t^2-12t+35 = 0

We will factorize thee left side to find the values of t now. We need to find a pair of factors of 35 that by adding them we will get -12.

The pair of factors of 35 are -5 and -7 and by adding -5-7 we will get -12.

t^2-12t+35 =0

(t-5)(t-7) =0

So by using zero product property we will get

t-5 =0

t-5+5 = 0+5

t=5

Also t-7 =0

t-7+7 = 0+7

t=7

So we have got the rocket reaches at 560ft when t = 5 seconds and also when t = 7 seconds.

Now part b.

When the rocket completes its trajectory and hits the ground then the height or h = 0. So we will place h = 0 there in the equation.

h= -16t^2+192t

0= -16t^2 + 192 t

0 = -16(t^2-12t)

-16(t^2-12t) = 0

We will move -16 to the other side by dividing it to both sides.

-16(t^2-12t)/-16 = 0/-16

t^2-12t = 0

We will take out the common factor t from the left side. By taking out t we will get,

t(t-12) = 0

We will use zero product property now. By using that we will get,

t = 0

ans also t-12 = 0

t-12+12 = 0+12

t = 12

When the rocket completes its trajectory and hits the ground the time t can not be 0. When t =0, the rocket starts the trajectory.

So when the rocket completes its trajectory and hits the ground ,

then t = 12seconds.

So we have got the required answers.

6 0
3 years ago
The population of Kenya is 50 000 000. The population of Pakistan is 4 times greater than the population of Kenya. What is the p
Fittoniya [83]

Answer:

Step-by-step explanation:

Comment

I would think Pakistan should be more than just 4 times as large as Kenya. However if you are given that Kenya is 50 000 000 then Pakistan will be 4 times the size of Kenya.

Pakistan = 4 * Kenya

Pakistan = 4 * 50 000 000

Pakistan = 200 000 000

Answer: Pakistan = 200 000 000

6 0
1 year ago
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