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
satela [25.4K]
4 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]4 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.

You might be interested in
75% of 84 is what number
attashe74 [19]
75% of 84 is what number 
.75   x  84 =      n   (sentence above translated to math)  Note what "of" means and what "is" means.

.75 x 84 = 63.
3 0
4 years ago
Look at picture this is so hard pls help
zloy xaker [14]

Answer:

The answer is B

Step-by-step explanation:

8 0
3 years ago
Mason counted an average of 18 birds at his bird feeder each day for 20 days. Rosa counted an averge of 21 birds at her bird fee
scoundrel [369]

Answer:

Mason counted 24 more birds at his feeder than Rosa counted at hers

Step-by-step explanation:

Average = Total or sum/number of items

Therefore, Total or sum = Average × number of items

For Mason,

An average of 18 birds in 20 day is equivalent to a total of

Total birds = 18 × 20

                 = 360 birds

For Rosa,

An average of 21 birds each day for 21 days is equivalent to a total of

Total birds = 21 × 16

                   = 336 birds

Difference between the total number of birds for Mason and Rosa

= 360 - 336

= 24 birds

8 0
4 years ago
PLEASE HELP !! ILL GIVE BRAINLIEST *EXTRA 40 POINTS* DONT SKIP :(( .!
Alex Ar [27]

Answer:

VERTICAL ANGLES

Step-by-step explanation:

because since it’s right on the opposite of each other they would be vertical cuz they are the same angle measurement.

GOOD LUCK MY BROTHA

3 0
3 years ago
Im new to brainly and i don't know how to change my usernmae can anyone help?
nikdorinn [45]

Answer: go to your profile pic and then settings. it will say account information or something like that and then change username should be an option

Hope this helps!

6 0
2 years ago
Read 2 more answers
Other questions:
  • 123843 + 458564 - 3456 x 45 x 34 divided by 4
    8·2 answers
  • SOLUTION: y = 5x +7 what is the value of y
    13·1 answer
  • 365 divided by what equals a whole number
    14·1 answer
  • What is the solution of the proportion 22/11=r/13
    7·1 answer
  • In triangle XYZ, angle Z is a right angle. If sinX = 3/4, find tan Y.
    8·1 answer
  • A person in a tow truck traveled 7 miles south and then 6 miles east. The person realized she was lost,
    14·1 answer
  • Nancy is planning a birthday party for her coworker, Sarah. She realizes that there are 10 medical assistants and 8 nurse assist
    9·1 answer
  • A family took a trip. They spent $71.90 for gasoline, $135.00 on meals, $179.00 on amusements, and $37.83 on miscellaneous expen
    8·2 answers
  • What is the circumference of the circle below?
    15·2 answers
  • Zoo admission costs $6 for children and $9 for adults. On Monday, 2200 people visit the zoo and the zoo collects $14,850 in admi
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!