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Jet001 [13]
3 years ago
7

Harrison and Sherry are making decisions about their bank accounts Harrison wants to deposit $200 as a principal amount with an

interest rate of 2% compounding quarterly Sherry wants to deposit $200 as a principal now with an interest at 4% compound at monthly explain which method result in more money after two years show all work
Mathematics
1 answer:
AlekseyPX3 years ago
7 0

Answer:

Sherry's Method of depositing $200 as a principal now with an interest at 4% compound at monthly will result in more money after two years.

Step-by-step explanation:

We use the Total Amount generated using compound interest formula to solve this question

Formula =

Total Amount(A) = P(1 + r/n)^nt

a) For Harrison

Principal = $200

Interest rate = 2% = 0.02

Time = 2 years

n = compounding quarterly = 4

A = P(1 + r/n)^nt

A = $2,000(1 + 0.02/4)^2×4

A = $2,000(0.005)^8

A = $ 2081.4140878

A = $ 2,081.41

b) For Sherry

Principal = $200

Interest rate = 4% = 0.04

Time = 2 years

n = compounding monthly = 4

A = P(1 + r/n)^nt

A = $2,000(1 + 0.04/12)^2×12

A = $2166.2859184

A = $ 2,166.29

The Total Amount for

Harrison = $ 2,081.41

Sherry = $ 2,166.29

Hence, from the above calculation, Sherry's Method of depositing $200 as a principal now with an interest at 4% compound at monthly will result in more money after two years.

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Step-by-step explanation:

in two months

Decrease of 25%

so you need to do

25%*12 is 3 minutes

Find the difference from 12 minutes

12-3 is 9 minutes.

therefore, his mile time is 9 minutes in two months

5 0
3 years ago
max is bisecting a segment. first. he places the compass on one endpoint and opens it to a width larger than half of the segment
spin [16.1K]

Answer:

Keep the compass the same width and place it on the other endpoint.

Step-by-step explanation:

Max is bisecting a segment. First, he places the compass on one endpoint and opens it to a width larger than half of the segment. Then he swings an arc on either side of the segment.

<u>Next Max's step should be:</u> keep the compass the same width and place it on the other endpoint.

He will draw the second arc of the same radius as the first one.

Two drawn arcs intersect at two points, Max will connect these points and get the segment which bisects the given one.

7 0
3 years ago
Read 2 more answers
Debbie has at most $58 to spend on clothes. She wants to buy a pair of jeans for $22 and spend the rest on t-shirts. Each t-shir
german

Answer:

The Inequality Equation =

22 + 9x ≤ 58

The number of T -shirts Debbie can buy is at most 4 T-shirts

Step-by-step explanation:

Let the number of T shirts Debbie can buy be represented as x

We are told in the question: Debbie has at most $58 to spend on clothes.

This means she would not exceed $58. She would be spending less than or equal to $58

The Inequality Equation =

$22 + $9 × x ≤ $58

22 + 9x ≤ 58

Solving the Inequality Equation above:

22 + 9x ≤ 58

9x ≤ 58 - 22

9x ≤ 36

x ≤ 36/9

x ≤ 4 shirts

The number of T -shirts Debbie can buy is at most 4 T-shirts

6 0
2 years ago
Please help <br> Answer fast
algol13

Answer:

k = 2

Step-by-step explanation:

Based on the right triangle altitude theorem, thus:

4 = √(k*8)

Square both sides

4² = k*8

16 = 8k

Divide both sides by 8

16/8 = 8k/8

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7 0
3 years ago
9x=10 please help…….
Natasha_Volkova [10]

Let's solve your equation step-by-step.

9x=10

Step 1: Divide both sides by 9.

9x / 9 = 10 /9

x = 10 / 9

Answer:

x = 10 / 9

8 0
2 years ago
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