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elena55 [62]
3 years ago
12

A. Compute the balance in an account if $25,000 is invested for 5 years with an APR of 3% compounded daily. The balance in the a

ccount will be? B. For the same principal, APR, and time above, compute the balance in the account if it were compounded annually. The balance in the account will be? C. Discuss the difference in the answers above and give a possible explanation. ​
Mathematics
1 answer:
Sunny_sXe [5.5K]3 years ago
6 0

Answer:

A.  $29,045.68

B.  $28,981.85

C. Compound daily applies interest everyday over a period of 365 days in a year. Compound annually only applies the 3% interest once a year.

Step-by-step explanation:

3% compounded daily:

   A = P(1 + r/n)^nt

      = 25000(1 + \frac{.03}{365})^365(5)

      = 25000(1.00008219)¹⁸²⁵

      = 25000(1.161827)

      = 29045.6770

3% compounded annually:

   A = P(1 + r/n)^nt

      = 25000(1 + \frac{.03}{1})^1(5)

      = 25000(1.03)⁵

      = 25000(1.159274)

      = 28981.8518

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What value of n makes the equation 2(n+1)=-3(n-8)+3 true
LekaFEV [45]
<h3>Solution:</h3>

2(n + 1) =  - 3(n - 8) + 3 \\  =  > 2n + 2 =  - 3n + 24 + 3 \\  =  > 2n + 3n = 24 + 3 - 2 \\  =  > 5n = 25 \\  =  > n =  \frac{25}{5}  \\  =  > n = 5

<h3>Answer:</h3>

5

<h3>Hope it helps.</h3>

ray4918 here to help

4 0
3 years ago
Read 2 more answers
Let x and y be positive integers and x be greater than y. 11x/11y =
navik [9.2K]
\frac{11x}{11y} =\frac{x}{y}
7 0
3 years ago
How do you write an equation for (-5,-1), (0,-1)
lesya692 [45]
Both the points have a coordinate where y is -1, so the equation is simply -1

y=-1

however if you wanted to really show the working out, it looks like this:

y=mx+c

m=change in y/change in x

m=(-1-1)/(-5+0)=0

subsitute one of the coordinates into y=mx+c

-1=0+c

c=-1

so then y=-1



4 0
3 years ago
Need to solve this problem in steps 5(2x+6)=-4(-5-2x)+3x
Dovator [93]

Answer:

Simplifying

5(2x + 6) = -4(-5 + -2x) + 3x

Reorder the terms:

5(6 + 2x) = -4(-5 + -2x) + 3x

(6 * 5 + 2x * 5) = -4(-5 + -2x) + 3x

(30 + 10x) = -4(-5 + -2x) + 3x

30 + 10x = (-5 * -4 + -2x * -4) + 3x

30 + 10x = (20 + 8x) + 3x

Combine like terms: 8x + 3x = 11x

30 + 10x = 20 + 11x

Solving

30 + 10x = 20 + 11x

Solving for variable 'x'.

Move all terms containing x to the left, all other terms to the right.

Add '-11x' to each side of the equation.

30 + 10x + -11x = 20 + 11x + -11x

Combine like terms: 10x + -11x = -1x

30 + -1x = 20 + 11x + -11x

Combine like terms: 11x + -11x = 0

30 + -1x = 20 + 0

30 + -1x = 20

Add '-30' to each side of the equation.

30 + -30 + -1x = 20 + -30

Combine like terms: 30 + -30 = 0

0 + -1x = 20 + -30

-1x = 20 + -30

Combine like terms: 20 + -30 = -10

-1x = -10

Divide each side by '-1'.

x = 10

Simplifying

x = 10

5 0
3 years ago
Please help!! Thank you so much! (I hate school) :,)
Romashka-Z-Leto [24]
The first and second one

(7x2)=14+5=19
(28/2)=14+5=19


Have a nice day!:)
5 0
2 years ago
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