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
KonstantinChe [14]
3 years ago
12

Ted and Alan are in a race to double their money. Ted feels he will win if he puts his $4,000 into a savings account offering 4.

5% interest compounded annually. Alan feels he will win because he intends to put his $1,000 into a savings account offering 6% interest compounded annually. Using the rule of 72, who will win, and how many years will it take to double his money? Alan will win. It will take 16 years. Alan will win. It will take 12 years. Ted will win. It will take 12 years. Ted will win. It will take 16 years.
Mathematics
2 answers:
siniylev [52]3 years ago
8 0
Ted: 
4,000 @ 4.5% interest compounded annually

Alan:
1,000 @ 6% interest compounded annually 

Rule of 72: divide 72 by the compound annual interest rate

Ted: 72/4.5% = 16 years
Alan: 72/6% = 12 years

<span>Alan will win. It will take 12 years.</span>
crimeas [40]3 years ago
6 0

Answer:

Alan will win. It will take 12 years.

Step-by-step explanation:

Just took the test

You might be interested in
You are dealt one card from a​ 52-card deck. Find the probability that you are not dealt a club
saveliy_v [14]
More card math! Easy!!


Exactly 1/4 of a 52-card deck of cards is clubs. Another 1/4 spades, another 1/4 is hearts, and the final 1/4 is diamonds. To find what one fourth of 52is, you can divide 52 by 4. That equals 13. So there are 13 clubs in the entire deck of cards. If you are trying <em>not </em>to get a club, you have to find the remainder of the cards without those 13. 52 - 13 = 39. This means that you have 39/52 odds of <em>not </em>getting a club. Simplified you get 3/4.

I did it the long way. A shorter was is to see that, obviously, one whole minus one fourth is three fourths.
7 0
3 years ago
What is the possible arrangement for 22 students
lord [1]

\bf \stackrel{Permutations}{_nP_r=\cfrac{n!}{(n-r)!}}~\hspace{6em}\stackrel{\textit{22 units arranged in groups of 22}}{_{22}P_{22}=\cfrac{22!}{(22-22)!}} \implies _{22}P_{22}=\cfrac{22!}{0!} \\\\\\ _{22}P_{22}=\cfrac{22!}{1}\implies _{22}P_{22}=22!\implies _{22}P_{22}=1124000727777607680000

8 0
3 years ago
Sonia earned $2,100 at her uncle's orchard. if she worked for 70 weeks and earned the same amount of money each week, how much d
Readme [11.4K]

Answer:

30 dollars a week

Step-by-step explanation:

2100/70 is 30

3 0
2 years ago
Explain how trigonometry can be used to determine the height of a cell phone tower.
saul85 [17]
Trigonometry can be used to determine the height of a cell phone tower by using SOH CAH TOA or the Pythagorean theorem. If you look at it as a right triangle you can figure out how tall the tower is. If an angle is given (not a 90°angle) and the value of a side you can figure out all of the sides on the theoretical right triangle. Including the height of the tower.
6 0
3 years ago
What is the difference between absolute value negative 3 and -3
PolarNik [594]
They both have the same absolute value. Their absolute value would be 3
3 0
3 years ago
Other questions:
  • A business has a goal of selling 500 bags of chips with 3 days left they have 332 to go .at least how many do they need to avera
    8·1 answer
  • What is 1/4 equal to?
    11·2 answers
  • 1<br> - divided by 4<br> 2
    13·2 answers
  • n 2018, homes in East Baton Rouge (EBR) Parish sold for an average of $239,000. You take a random sample of homes in Ascension p
    15·1 answer
  • If i make 10 fruit baskets and want to sell them for $35 each 10=35x what's my answer
    8·1 answer
  • someone came into my shop and stole $100 from the register without my knowledge. The person came back with the same $100 five mi
    15·1 answer
  • 3/10 divided by 2/8 = ?
    14·1 answer
  • mr banks left work at 5 15 P.M it took him 1 1/4 hours to drive home . at what time did mr banks drive home? worth 22 points
    9·2 answers
  • What is 5+ (-5) ?????
    11·2 answers
  • HELP I NEED HELP WITH THIS QUICKLY
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!