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ExtremeBDS [4]
3 years ago
5

You have $2000 to deposit for 7 years and two account options. The first earns you simple interest at a rate of 4% and the secon

d earns you compound interest (compounded annually) at a rate of 2%. Which account earns you more money?
First account (simple interest)

Second account (compound interest)

They earn you the same

Not enough information to say
Mathematics
1 answer:
pogonyaev3 years ago
6 0

Answer:

First account (simple interest)

Step-by-step explanation:

The amount of interest earned by the first account is ...

I = Prt = $2000·0.04·7 = $2000·0.28 = $560

The amount in the second account at the end of 7 year is ...

FV = P·(1+r)^t = $2000·1.02^7 = $2297.37

so you have earned $297.37 in interest on the second account.

$560 is more than $297, so the First Account (simple interest) earns more money.

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Step-by-step explanation:

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3 years ago
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B) 14 rows in total

Step-by-step explanation:

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Photos of Landscapes = 18

Photos of Pets = 63

Jenny wants to arrange these photos in rows with only one kind of photos in each row and same number of photos in each row. We have to find the greatest possible number of photos in each row. For this we need to find the greatest common factor of 45,18 and 63. This would give us the greatest possible number of photos that can be placed in each row.

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