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Nitella [24]
3 years ago
8

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:
melisa1 [442]3 years ago
7 0

Answer:

i) $500 at 5% simple interest for two years.

   Interest = 550 - 500 = $50

ii) $500 at 3% compounded monthly for 2 years.

   Interest = 530.88 - 500 = $30.88

I would take the first option i)$500 at 5% simple interest for two years.

Step-by-step explanation:

i) $500 at 5% simple interest for two years.

  Initial amount, P = $ 500

  Rate of interest, r = 0.05

  Time in years, t = 2

 Therefore Final amount A = P(1 + rt) = 500(1 + (0.05  2) ) = $550

  Therefore Interest = 550 - 500 = $50

ii) $500 at 3% compounded monthly for 2 years

   Initial or Principal Amount, P  = $500

   Rate of interest, r =0.03

   number of conversions, m = 12

    Time in years, t = 3

 Therefore final amount,   = $530.88

Therefore Interest = 530.88 - 500 = $30.88

I would take the first option i) $500 at 5% simple interest for two years.

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dexar [7]

Answer:

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Step-by-step explanation:

8 0
2 years ago
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Find the equation (in terms of x ) of the line through the points (-2,5) and (3,4)<br> y=
Alja [10]

Answer:

y = (-1/5)x + 23/5

Step-by-step explanation:

Given:

Two points;

(-2,5) and (3,4)

Find:

Equation of slope

Computation:

y = mx + b

5 = m(-2) + b

5 = -2m + b .......... Eq1

4 = m(3) + b

4 = 3m + b .......... Eq2

Eq2 - Eq1

-1 = 5m

m = -1/5

5 = -2m + b

5 = -2(-1/5) + b

5 = 2/5 + b

b = 23/5

y = mx + b

y = (-1/5)x + 23/5

3 0
3 years ago
Find the length of the hypotenuse of the right triangle if the width is 60 and hight is 32
GalinKa [24]

Answer:

The hypotenuse is 68

Step-by-step explanation:

To find the length of the hypotenuse of a a right angled triangle, we use the Pythagoras Theorem

c² = a² + b²

where c = hypotenuse, a = height, 32 and b = width, 60

Substitute the value 32 and 60 for a and b respectively in the above formula, and we will have

c² = 32² + 60²

c² =  1024 + 3600

c² = 4624

c = √4624

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4 0
3 years ago
Given sin(u)= -7/25 and cos(v) = -4/5, what is the exact value of cos(u-v) if both angles are in quadrant 3
solmaris [256]

Given:

\sin (u)=-\dfrac{7}{25}

\cos (v)=-\dfrac{4}{5}

To find:

The exact value of cos(u-v) if both angles are in quadrant 3.

Solution:

In 3rd quadrant, cos and sin both trigonometric ratios are negative.

We have,

\sin (u)=-\dfrac{7}{25}

\cos (v)=-\dfrac{4}{5}

Now,

\cos (u)=-\sqrt{1-\sin^2 (u)}

\cos (u)=-\sqrt{1-(-\dfrac{7}{25})^2}

\cos (u)=-\sqrt{1-\dfrac{49}{625}}

\cos (u)=-\sqrt{\dfrac{625-49}{625}}

On further simplification, we get

\cos (u)=-\sqrt{\dfrac{576}{625}}

\cos (u)=-\dfrac{24}{25}

Similarly,

\sin (v)=-\sqrt{1-\cos^2 (v)}

\sin (v)=-\sqrt{1-(-\dfrac{4}{5})^2}

\sin (v)=-\sqrt{1-\dfrac{16}{25}}

\sin (v)=-\sqrt{\dfrac{25-16}{25}}

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\sin (v)=-\dfrac{3}{5}

Now,

\cos (u-v)=\cos u\cos v+\sin u\sin v

\cos (u-v)=\left(-\dfrac{24}{25}\right)\left(-\dfrac{4}{5}\right)+\left(-\dfrac{7}{25}\right)\left(-\dfrac{3}{25}\right)

\cos (u-v)=\dfrac{96}{625}+\dfrac{21}{625}

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Therefore, the value of cos (u-v) is 0.1872.

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3 years ago
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makkiz [27]

Answer:

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Step-by-step explanation:

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