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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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Lostsunrise [7]

Answer:

y=x+3

Step-by-step explanation:

Hi there!

Linear equations are typically organized in slope-intercept form: y=mx+b where <em>m</em> is the slope and <em>b</em> is the y-intercept (the value of y when the line crosses the y-axis)

First, we could determine the slope (<em>m</em>). The slope is the \displaystyle\frac{rise}{run} of the line, or the number of units it travels up over the number of units it travels to the right.

Notice how each consecutive point moves up 1 unit and right 1 unit. This makes the slope of the line 1/1, which is just 1:

y=1x+b\\y=x+b

Now, to find the y-intercept, we must identify the value of y when the line crosses the y-axis.

The line crosses the y-axis at y=3, so therefore, the y-intercept is 3:

y=x+3

I hope this helps!

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2 years ago
Please help asap 25 pts + brainliest to right/best answer
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Look at the picture.

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3 years ago
If x = 7 and f = 4 and g = 9 and l = 24 and p = 12 and e = 9847493 then what is x ÷ fg X i ÷ p
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2. Sandy made several investments. She bought 1000 shares of a company’s stock for $8.60/share, she bought a bond with a face va
vampirchik [111]
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=8.60*1000
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Total number of shares is 1000
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Determine whether the graph represents a function . If it does represent a function , give its domain and range.
laiz [17]

Answer:

A function is a relationship that maps elements from a set (the domain) into elements from another set (the range)

Such that each element in the domain can be mapped into only one element from the range.

Let's see graphs 18, 20,24 and 30.

Remember that the axis that represents the domain is the horizontal one (usually represented with x), and the vertical axis represents the range (usually represented with y)

18) Here we can see that the point x = 1 his mapped into two different values of y.

we have the pair (1, 2) and the pair (1, -3)

And something similar happens for x = 2.

Then we can conclude that this is not a function.

20) Here we have a linear relationship.

Linear relationships are almost always functions, the only case when these are not functions is when the linear equation is something like x = a.

Linear equations can be written as:

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Then the domain is the set of all real numbers, and the range is the set of all real numbers.

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Now, let's look at the graph.

We can see that the function goes up, reaches a maximum, and then goes down again.

Then the range will be the set of all the values smaller than the maximum we can see in the graph, this is:

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or simply:

y ≤ 15.

30) Here again, we can see that for x = 0 there are two different values of y.

the same happens for x = -1, x = -2, and a lot of other values.

Then this is not a function, because it is mapping values of the domain into different values of the range.

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