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satela [25.4K]
3 years ago
13

Three financial institutions, A,B,C, are offering different rates on a loan. Is a offer 3.15 % annual compounded monthly, B offe

rs 2.25% compounded quarterly, C offers 2.05% compounded daily. Determine which of the institutions offers best deal. Explain and make a conclusion.
Mathematics
1 answer:
coldgirl [10]3 years ago
8 0

Answer:

Step-by-step explanation:

Given that interest rates are as follows:

Let P be 100 dollars for each.

A) 3.15% compounded monthly.

Hence amount = 100(1+\frac{3.15}{1200} )^{12}

Final amount = 103.20 dollars

B) 2.25% compounded quarterly

Final amt. = 100(1+\frac{2.25}{400} )^4

=102.27

C) 2.05% compounded daily

Amount = 100(1+\frac{2.05}{36500} )^{365}

=102.07

Obviously A is the best deal.

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Juli2301 [7.4K]
Scale factor is always (new/original)

so it depends which rectangle came first. if it started as large and was dilated to the smaller one, then the ratio is (.5/2.5) which simplifies to 1/5 or 0.2.
3 0
3 years ago
What is the difference 7/78 - 3 1/4=
ZanzabumX [31]
     <span> here
7 7/8
= [ (8*7) + 7 ] / 8
= (56 + 7) / 8
=63 / 8

similarly,
3 1/4
=[ (4*3) + 1] / 4
= (12 + 1) / 4
= 13/4

----------------------------
now put the values
7 7/8 - 3 1/4
= 63/8 - 13/4
here, take LCM of 8 & 4 which is 8.
now,
[ (1*63) - (2 * 13) ] / 8
= (63 - 26) / 8
= 37/8
= 4 5/8........................[ here, divide 37 by 8 which gives reminder as 5 and divisible value as 4 ]</span>
3 0
3 years ago
Read 2 more answers
2.
Jet001 [13]

Answer:

119.2

Step-by-step explanation:

Given the following :

Mean (m) = 100 years

Standard deviation (sd) = 15 years

closest to the age of a Galápagos Islands giant tortoise at the 90th percentile of the

distribution?

Obtain the Zscore for 90th percentile (0.90) on the z table = 1.28

Zscore = (X - mean) / standard deviation

1.28 = (X - 100) / 15

1.28 × 15 = X - 100

19.2 = X - 100

19.2 + 100 = X

X = 119.2

3 0
4 years ago
3(x - 5) – 3 = 5(x - 2) + 2x
Arlecino [84]

Answer:

x=−2

Step-by-step explanation:       Step 1: Simplify both sides of the equation.

3(x−5)−3=5(x−2)+2x

(3)(x)+(3)(−5)+−3=(5)(x)+(5)(−2)+2x(Distribute)

3x+−15+−3=5x+−10+2x

(3x)+(−15+−3)=(5x+2x)+(−10)(Combine Like Terms)

3x+−18=7x+−10

3x−18=7x−10

Step 2: Subtract 7x from both sides.

3x−18−7x=7x−10−7x

−4x−18=−10

Step 3: Add 18 to both sides.

−4x−18+18=−10+18

−4x=8

Step 4: Divide both sides by -4.

−4x

−4

=

8

−4

x=−2

6 0
3 years ago
Which of the following equations represents a line that passes through the points​
Xelga [282]

Answer:

C) I only

Step-by-step explanation:

( -1, -2) and (0,4)

Slope:

m=(y2-y1)/(x2-x1)

m=(4+2)/(0+1)

m=6/1

m=6

Slope-intercept:

y - y1 = m(x - x1)

y + 2 = 6(x + 1)

y + 2 = 6x + 6

y = 6x + 4

y - 16 = 6(x - 2)

y - 16 = 6x - 12

y = 6x + 4

6 0
3 years ago
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