PLEASE HELP THIS IS A LINEAR EQUATIONS AND INEQUALITIES!!
2 answers:
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Answer:
Part A: The value of the simple interest investment at the end of three years is $12,220
Part B: The value of the compounded quarterly interest investment at the end of three years is $12,134.08
Part C: The simple interest investment is better over the first three years
Part D: I advise George to invest his money in the compounded interest investment if he will keep the money for a long time
Step-by-step explanation:
Part A:
A = P + P r t, where
- A represents the value of the investment
- P represents the original amount
- r represents the rate in decimal
- t represents the time in years
∵ George deposits $10,000
∴ P = 10,000
∵ First option offers 7.4% per year simple interest
∴ r = 7.4% = 7.4 ÷ 100 = 0.074
∵ He may not withdraw any of the money for three years after
the initial deposit
∴ t = 3
- Substitute all of these values in the formula above
∴ A = 10,000 + 10,000(0.074)(3)
∴ A = 10,000 + 2,220
∴ A = 12,220
The value of the simple interest investment at the end of three years is $12,220
Part B:
, where
- A represents the value of the investment
- P represents the original amount
- r represents the rate in decimal
- n is a number of periods of a year
- t represents the time in years
∵ George deposits $10,000
∴ P = 10,000
∵ The second option offers a 6.5% interest rate compounded quarterly
∴ r = 6.5% = 6.5 ÷ 100 = 0.065
∴ n = 4 ⇒ quarterly
∵ He may not withdraw any of the money for three years after
the initial deposit
∴ t = 3
- Substitute all of these values in the formula above
∴
∴
∴ A = 12,134.08
The value of the compounded quarterly interest investment at the end of three years is $12,134.08
Part C:
∵ 12,220 > 12,134.08
∴ The simplest interest investment is better than the compounded
interest investment at the end of three years
The simple interest investment is better over the first three years
Part D:
I advise George to invest his money in the compounded interest investment if he will keep the money for a long time
Look to the attached graph below
- The red line represents the simple interest investment
- The blue curve represents the compounded interest investment
- (Each 1 unit in the vertical axis represents $1000)
- After 0 years and before 4.179 years the red line is over the blue curve, that means the simple interest is better because it gives more money than the compounded interest
- After that the blue curve is over the red line that means the compounded quarterly is better because it gives more money than the simple interest
Question 1:
We have a 45-45-90 right triangle with the hypotenuse being the length from one corner to the opposite corner.
Multiply 30 ft with the square root of 2 and use a calculator to help give you numerical value to get your answer.
Your answer is the second choice.
Question 2:
The equilateral triangle can be divided into 2 30-60-90 triangles with the longer leg being the altitude. To get half of the side length of the right triangle, divide the altitude by the square root of 3.
The full side length is double of that, which is
.
Multiply that by 3 to get the full perimeter.
Your answer is the third choice. Hope this helps! :)
We have a 45-45-90 right triangle with the hypotenuse being the length from one corner to the opposite corner.
Multiply 30 ft with the square root of 2 and use a calculator to help give you numerical value to get your answer.
Your answer is the second choice.
Question 2:
The equilateral triangle can be divided into 2 30-60-90 triangles with the longer leg being the altitude. To get half of the side length of the right triangle, divide the altitude by the square root of 3.
The full side length is double of that, which is
Multiply that by 3 to get the full perimeter.
Your answer is the third choice. Hope this helps! :)