PLEASE HELP ASAP!!! CORRECT ANSWER ONLY PLEASE!!! I CANNOT RETAKE THIS!!

Account A and Account B both have a principal of $2,000 and an annual interest rate of 2%. No additional deposits or withdrawals

GuDViN [60]

Answer:

Account B earns more interest.

After 20 years, account B will have earned $171.89 more.

Step-by-step explanation:

Let's calculate the total for each account.

Account A:

Account A earns simple interest. We know that the principal value is $2000 and the interest rate is 2% or 0.02. We can use the simple interest formula:

$A=P(1+rt)$

Where A is the future value, P is the principal, r is the rate, and t is the time in years.

So, let's substitute 2000 for P, 0.02 for r, and 20 for t. This yields:

$A=2000(1+0.02(20))$

Multiply and add:

$A=2000(1+0.4)=2000(1.4)$

Multiply. So, the total amount of money in Account A after 20 years is:

$A=\$2800$

Since we initially deposited $2000 and our total is now $2800, this means that we earned an interest of $2800-2000=\$ 800$

Account B:

Account B earns compound interest. Like Account A, Account B has a principal value of $2000 and the interest rate is 2% or 0.02. We also know that it's compounded annually, so once per year. We can use the compound interest formula:

$B=P(1+\frac{r}{n}})^{nt}$

Where B is the future value, P is the principal, r is the rate, n is the times compounded per year, and t is the time in years.

So, let's substitute 2000 for P, 0.02 for r, n for 1 (since it's compounded annually), and t for 20. This yields:

$B=2000(1+\frac{0.02}{1})^{(1)(20)}$

Simplify this to acquire:

$B=2000(1.02)^{20}$

Evaluate. Use a calculator. So, after 20 years, the amount of money in Account B is:

$B\approx\$2971.89$

Since our principal was $2000, this means that we earned an interest of approximately $2971.89-2000=\$ 971.89$ .

So, Account A earned an interest of $800 and Account B earned an approximate interest of $971.89.

So, Account B earned more interest.

And it earned $971.89-800=\$ 171.89$ more than Account A.

And we're done!

5 0

3 years ago

What is the value of the expression 4x−y/2y x when x = 3 and y = 3? −3 1 9 18

ziro4ka [17]

(4x - y)/(2y + x) when x = 3 and y = 3 is
(4(3) - 3)/(2(3) + 3) = (12 - 3)/(6 + 3) = 9/9 = 1

5 0

3 years ago

Use the Pythagorean identity to do the following:

nlexa [21]

Answer: 2 - 2*sin³(θ) - √1 -sin²(θ)

Step-by-step explanation: In the expression

cos(theta)*sin2(theta) − cos(theta)

sin (2θ) = 2 sin(θ)*cos(θ) ⇒ cos(θ)*2sin(θ)cos(θ) - cos(θ)

2cos²(θ)sin(θ) - cos(θ) if we use cos²(θ) = 1-sin²(θ)

2 [ (1 - sin²(θ))*sin(θ)] - cos(θ)

2 - 2sin²(θ)sin(θ) - cos(θ) ⇒ 2-2sin³(θ)-cos(θ) ; cos(θ) = √1 -sin²(θ)

2 - 2*sin³(θ) - √1 -sin²(θ)

7 0

3 years ago

Suppose you invest $1,600 at an annual interest rate of 4.6% compounded continuously how much will you have in the account after

DanielleElmas [232]

Total = Principal * e^(rate*years)
where "e" is the mathematical constant 2.71828182828459
Total = 1,600 * e(.046*4)
Total = 1,600 * 2.71828182828459^(.184)
Total = 1,600 * 1.2020158231 
Total = 1,923.23 

Source:
http://www.1728.org/rate2.htm

8 0

3 years ago

If there is a 10% chance of sun tomorrow and a 20% chance of wind and no sun, what is the probability that it is windy, given th

professor190 [17]

Since there are two events happening simultaneously (windy and no sun), we can apply the concept of conditional probability here. P(A|B) = P(A∩B)/P(B) where it means that given B is happening, the probability that A is happening as well is the ratio of the chance for A and B to happen simultaneously over the chance of B to happen. For our case, this can be interpreted as P(A|B): it is the probability that it is windy (A) GIVEN that there is no sun (B) P(A∩B) : chance of wind and no sun P(B) : chance that there is no sun tomorrow The chance of P(A∩B) is already given as 20% or 0.20. Since there is 10% or 0.10 chance of sun, then chances of having no sun tomorrow is (1-0.10) = 0.90. Thus, we have P(A|B) = 0.2/0.9 ≈ 0.22 or 22%. So, answer is B: 22%.

5 0

3 years ago

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