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
Archy [21]
3 years ago
7

You construct a budget to determine how much money you will need to start your own catering business. You take your savings of $

15000 and hope to invest this money for 5 years. You have two investment opportunities for your money you can either invest it into an account that pays you simple interest at 5% or you can choose an account that pays 3.9% compounded monthly.
Mathematics
1 answer:
tatiyna3 years ago
8 0

Answer:

Compound interest is the best.

Step-by-step explanation:

Simple interest is that which is not added to the initial capital once the term of the investment or credit has expired.

Compound interest is that which is added to the initial capital at the end of the investment or credit.

Simple interest:

I= C x i x t

15,000 * 0.05 * 5 = $ 750

Compound interest:

Cf= Ci (1+i)ᵗ

Cf = 15,000 * (1.039)^5 = $ 18,162.22

So, if Cf - Ci = I -> 3,162.22 is the compound interest.

You might be interested in
Three concert tickets cost $120. At this rate, what is the cost per ticket?
lora16 [44]

Answer: The answer is $40 per ticket.

Step-by-step explanation: Divide 120 by 3 to get 40. Hope this helps!

4 0
3 years ago
Read 2 more answers
What is the initial value of the function:<br> f(x)=3/2(2)^x
Marina CMI [18]

Answer:

the initial value -- f(0) -- results in a value of 1.5

Step-by-step explanation:

f(0) = \frac{3}{2} · 2^{x}     (any value raised to the power of zero equals one)

f(0) = \frac{3}{2} · 1

f(0) = 3/2 or 1.5

7 0
3 years ago
Read 2 more answers
How to Graph −12x+18y=34.
andriy [413]

You can graph this two ways. You can change it into slope intercept form, y=mx+b, or find the x- and y-intercepts. To change it to slope intercept form you would need to add 12x to both sides and divide both sides by 18. By doing this, you'd get y=2/3x+17/9. You'd then go up on the y-axis to 17/9 or 1.89 and place a point. You'd then go up two and to the right three and place another point. You can do this one more time and connect the points. To find the x- and y- intercepts you would plug 0 in for x and solve for y, getting 17/9, and plug 0 in for y and solve for x, getting -17/6. You'd then plot the points (-17/6, 0) and (17/9) and connect the points forming a line.

8 0
4 years ago
Apply the appropriate mathematical operation to solve this wheel and axle problem. Diameter of axle = 3.5" Axis of handle = 21"
Leona [35]

Answer:Force=30N

Step-by-step explanation:Torque of a force on the handle= Torque of weight on the axle.

Torque is the magnitude force that acts perpendicular.

3.5 ×180=21×Force

Force= 3.5×180 /21

Force=630/21

Force=30N

6 0
3 years ago
Someone please help me!!!
Bond [772]
Here’s the answer to your questions

6 0
4 years ago
Other questions:
  • 30 divided by something =35
    11·2 answers
  • Is it possible to find a value of $x$x​ so that the value of the surface area (in square inches) is equal to the value of the vo
    6·1 answer
  • What is 216 divided by 31
    12·2 answers
  • Convert 4/101 to a decimal?
    14·1 answer
  • What are the coordinates of N?
    8·1 answer
  • find the exact atea under y=x^2 on the interval [0,2] by using an infinite number of circumscribed rectangles. (Hint: 1^2 + 2^2
    8·2 answers
  • two pools are leaking. after 15 minutes (1/4 hour), pool A has leaked 2/3 of a gallon. after 20 minutes (1/3 hour) pool B has le
    5·1 answer
  • The water level is 8 feet below your dock.
    6·1 answer
  • The difference of an integer p and -8 is 3.Find the value of p​
    10·2 answers
  • Write the equation in slope - point form using the following information.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!