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
Elis [28]
3 years ago
13

Help plzzz thank you !

Mathematics
2 answers:
VashaNatasha [74]3 years ago
8 0

Answer:

a. Ameribank-$15,157.50

b. Capital Two-$4,646.25

Step-by-step explanation:

a. Tad's savings is $15,000, we calculate his total amount at the end of the year for each bank:

#Ameribank

A=P+I=P+PRT\\\\=15000+15000\times 0.0105\times 1\\\\=\$15,157.50

#Huffington( we use the effective rate to calculate the compound amount):

i_m=(1+i/m)^m-1\\\\=(1+0.0095/12)^[12}-1=0.009541\\\\A=P(1+i_m)^n\\\\=15000(1.009541)^1\\\\=\$15,143.12

#Sixth-Third, Take 1 yrs=52 weeks:

i_m=(1+i/m)^m-1\\\\=(1+0.01/52)^{52}-1=0.01005\\\\A=15000(1.01005)^1\\\\=\$15,150.74

#Hence, Ameribank is the best option as his money grows to $15,157.50 which is greater than all the remaining two options.

b. We use the compound interest formula A=P(1+r/n)^{nt} to determine which bank gives the best option:

#Capital Two. r=3.75%, n=12,t=4

A=P(1+r/n)^{nt}\\\\=4000(1+0.0375/12)^{12\times4}\\\\=\$4,646.25

#J.C Morgan, t=2, r=3.55% n=12

A=P(1+r/n)^{nt}\\\\=4000(1+0.0355/12)^{12\times 2}\\\\=\$4,293.87

#Silverman Slacks, n=12,t=3, r=3.65%

A=P(1+r/n)^{nt}\\\\=4000(1+0.0365/12)^{12\times3}\\\\=\$4,462.14

We compare the investment amounts after t years:

Capital>Silver>Morgan=4646.25>4462.14>4293.87

Hence, Capital two is the best option with an investment amount of $4,646.25

Ipatiy [6.2K]3 years ago
3 0

Answer:

Step-by-step explanation:

a. Ameribank-$15,157.50

b. Capital Two-$4,646.25

a. Tad's savings is $15,000, we calculate his total amount at the end of the year for each bank:

You might be interested in
I am building birdhouses for all of my students for an upcoming project. If I complete 2 1/2 birdhouses in 2/3 of an hour of wor
Stels [109]

Answer:

youC

Step-by-step explanation:

1

5 0
2 years ago
The total cost of renting a banquet hall is a function of the number of hours the hall is rented. The owner of the banquet hall
madam [21]

Answer:

It would be $390 for the 4 hours and the cleaning fees. And the slope would be -13 if you are going from 12 to 7 but would be 13 if you are going from 7 to 12...

Step-by-step explanation:

4 0
2 years ago
The Lynx star middle linebacker, Nat, is paid $500,000. He is guaranteed a 25% raise for each of the next three years. What will
shutvik [7]

Answer:

Nat's salary after 3 years = 976562.5 $

Explanation:

Salary of Nat =  $500,000

Raise in salary for next three years = 25 % = 0.25

Salary of Nat after 1 year = 500,000 + 0.25 * 500,000 = 625000 $

Salary of Nat after 2 years = 625000 + 0.25 * 625000 = 781250 $

Salary of Nat after 3 years = 781250 + 0.25 * 781250 = 976562.5 $

So, Nat's salary after 3 years = 976562.5 $

Easy Method;

   No of years considering = 3

   Initial salary = $500,000

   Rate of increase = 0.25

   Final salary = 500,000(1+0.25)^3=976562.5$

Nat's salary after 3 years = 976562.5 $

3 0
2 years ago
Estimate the side length of a square that has a 9cm long diagonal
Fittoniya [83]
S^2 + s^2 = 9^2 => 2s^2 = 81 => s^2 = 81/2 => side length s = 9(sqrt(2))/2 = 6.37 cm.
7 0
3 years ago
Read 2 more answers
Jan lost 22 points on her exam. She got 11 questions wrong.
rosijanka [135]

Answer:

2

Step-by-step explanation:

22/11=2

7 0
3 years ago
Read 2 more answers
Other questions:
  • Help please? I’m so dumb
    5·1 answer
  • Harry can water 2 1/4 acres of cornfields in 1 day. How many acres of cornfields can he water in 3 2/3 days?
    8·1 answer
  • Mr. Ornelas needed to travel 400 miles to reach Chicago from his
    5·1 answer
  • In a class of 35 students, 15 are seniors, 20 are females, and 7 are both a senior and a female. If I choose a student at random
    7·2 answers
  • HELP. I WILL GIVE A BRAINLEST PLSSS
    11·2 answers
  • The amount of time x in hours spent each week watching television by children under twelve is normally distributed with mean 24.
    13·1 answer
  • Trish takes out a furniture loan of $5500 and a simple interest rate of 6% per year which of the following is closest to the amo
    15·1 answer
  • Jenny bought 0.18lb of penny candy. Will bought 0.9lb of penny candy. Who bought more?
    8·1 answer
  • Plsss answer I will mark as brilliant
    10·1 answer
  • Write the equation in graphing form and the graph the shape. NO LINKS/ASSESSMENT!!
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!