Answer:
Amount she would have in 2 years at a simple interest of is
$5000 + ($5000 x 0.048 x 2) = $5480
Amount she would have in 2 years at a 4.1 % / year compounded semi- annually is :
$5000 x ( 1 +0.041/2)^4 = $5422.78
the first option yields a higher value in two years when compared with the second option. Thus, the first option is the best one to choose
Step-by-step explanation:
Future value with simple interest = principal + interest
Interest = principal x interest rate x time
0.048 x 5000 x 2 = 480
future value = $480 + 5000 = $5480
The formula for calculating future value with compounding:
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
5000 x ( 1 + 0.041 / 2)^(2 x 2) = $5422.78
Answer:
c. 3.5 because the difference between both triangles is 1 cm so 4.5 - 1 = 3.5
Step-by-step explanation:
Answer:
The answer is no because for 1 hour he gets 20 dollars and for 2 hours he gets 30$ (which is less for working 2 hours). So, if you multiply 2 hours with 20 dollars, you should get 40, not 30. So therefore, it is not proportional. And same for 3 hours: multiply 3 with 20 to get 60, not 50.
Answer:
$4895
Step-by-step explanation:
P(winning) = 1 / 1000000 = 0.000001
P(not winning) = 1 - 1/1000000 = 0.999999
Winning amount = 4,900,000,000 - 5 = 4899999995
Amount lost = - 5
__ X: - 5 _________ 4899999995
P(X) : 0.999999 ___ 0.000001
Expected value E(x) = Σx * p(x)
E(x) = - 5(0.999999) + 4899999995(0.000001)
E(x) = - 4.999995 + 4899.999995
E(x) = 4895
Hence, expected value is 4895
Let's say that the value invested in the account with a rate of 8% is "x", then the amount invested in the account with a rate of 12% is:
To calculate the total interest we need to calculate the interest of each individual account and sum them:
The total interest is the sum of the two expressions above:
The value invested in the account with 8% interest is 830, the one invested in the account with 12% interest is 1280.
