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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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How are the graphs of the functions y=2(2)^x and y=2(1.1)^x similar?
Volgvan
If the are equal then they can be similar, otherwise they are not.
4 0
3 years ago
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2x - y = 10
Zolol [24]
You can plug -x - 1 for y in the first equation

2x - (-x - 1) = 10

2x + x + 1 = 10

Combine

3x = 9

Divide

x = 3

Plug 3 for x in any equation ( I'll use th second equation )

y = - (3) - 1

y = - 3 - 1 = -4

x = 3 ; y = -4

(3, -4)
7 0
3 years ago
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5x- 4y +2z when x= 8,y =3 and z =3
vova2212 [387]

34

Step-by-step explanation:

=5x-4y+2z

=5×8-4×3+2×3

=40-12+6

=46-12

=34

4 0
1 year ago
The length of the rectangle is 5 inches more than the width. The perimeter of the rectangle is 42 inches. Write an equation to m
Sunny_sXe [5.5K]

Answer:

<h2>Length = 13 in. </h2>

 Step-by-step explanation:

perimeter of a rectangle (P) = 2L + 2W

where;

P = 42 in.  

Length (L) = 5 + W

Find:

length (L) of the rectangle

solution:

P = 2L + 2W

42 = 2(5 + W) + 2W

42 = 10 + 2W + 2W

42 - 10 = 4W

32 = 4W

W = 32/4

W = 8

Length (L) = 5 + W

                = 5 + 8

                 = 13 in

proof:

42 = 2(13) + 2(8)

42   = 42 in

4 0
3 years ago
Solve the inequality if possible 4(3-2x)&gt;2(6-4x)
GenaCL600 [577]

Final Answer: No Solution

Steps/Reasons/Explanation:

Question: 4(3-  2x) > 2(6-  4x)

<u>Step 1</u>: Divide both sides by 2.

2(3 - 2x) > 6 - 4x

<u>Step 2</u>: Expand.

6 - 4x > 6 - 4x

<u>Step 3</u>: Since 6 - 4x > 6 - 4x is false, we have no solution.

No Solution

~I hope I helped you :)~

6 0
2 years ago
Read 2 more answers
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