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harkovskaia [24]
2 years ago
9

If you invested $500 at 5% simple interest for 2 years, how much interest do you earn? Show work and answer in complete sentence

s to earn full credit.
If you invest $500 at 3% compounded monthly for 2 years, how much interest you do earn? Show work and answer in complete sentences to earn full credit.




Which would you rather do?
Mathematics
1 answer:
Scorpion4ik [409]2 years ago
6 0

The first investment can be shown as T=500*1.05^2 which is $551.25

The second investment can be shown as T=500*e^(0.03*12*2) which is $1027.22

So the second investment is better

Hope that helped!

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It is 3 - kilometer hike to river PJ walks for 500 meters. Then he walks another 1,050 meters. How many more kilometers must PJ
Leviafan [203]
Conversion:
3 km - 3000m
0.5 km - 500 m
1.05 km - 1050 m

Solution:
3, 000 m = 500m + 1050m + n
3, 000 m = 1550m + n
n = 3, 000 m - 1550m
n = 1450m

1.45 kilometers must PJ hike to reach the river.

6 0
2 years ago
A doctor estimates that a particular patient is losing bone density at a rate of 3% annually. The patient currently has a bone d
kompoz [17]

Answer:

The function f(x) is represented by:

f(x)=1500(0.97)^x

Hence, a=1500 and b=0.97

Step-by-step explanation:

The patient currently has a bone density of 1,500 kg/mg^3.

A doctor estimates that a particular patient is losing bone density at a rate of 3% annually.

This means that the bone density that is remaining is:

100-3=97%

which is also represented as: 97%=97/100=0.97

Hence, the function f(x) that represents the bone density after x years is represented by:

f(x)=a(0.97)^x

where a is the initial bone density which is given to be: 1500 kg/mg^3.

Hence, the function is:

f(x)=1500(0.97)^x

6 0
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Answer:

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