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
Sati [7]
4 years ago
8

Two savings accounts were each opened with a $6,000 deposit. Account A earns compound interest at a 2% annual interest rate comp

ounded yearly. Account B earns simple interest at a 2% annual interest rate. No other deposits or withdrawals are made from the accounts for 3 years.
What is the difference in interest earnings between the two accounts after 3 years?

Account A will earn approximately $360 less in interest than account B.
Account A will earn approximately $7 less in interest than account B.
Account A will earn approximately $360 more in interest than account B.
Account A will earn approximately $7 more in interest than account B.
Both accounts will earn the same amount of interest.
Mathematics
2 answers:
zubka84 [21]4 years ago
6 0

Answer:

Account A will earn approximately $7 more in interest than account B

Step-by-step explanation:

Compound interest formula:

A = P*(1 + r/n)^(n*t)

where:

A is the amount

P is the principal = $6,000

r is the rate (as a decimal) = 0.02

t is time in years = 3

n is the the number of times interest is compounded per unit t = 1

Then:

A = 6000*(1 + 0.02/1)^(1*3) = $6367

Simple interest formula:

A = P*(1 + r*t)

Replacing with data:

A = P*(1 + 0.02*3) = $6360

Gnom [1K]4 years ago
3 0

Answer:

Account A will earn approximately $7 more in interest than account B.

Step-by-step explanation:

You might be interested in
A triangle has two sides of length 20 and 1. What is the smallest possible whole-number length for the third side?
Mashutka [201]

Answer:

Hewo

Step-by-step explanation: Stan BTS

4 0
3 years ago
A box contains 19 large marbles and 18 small marbles. Each marble is either green or white. 9 of the large marbles are green, an
pshichka [43]

If a marble is randomly selected from the box, then the probability

that it is small or green is 0.7297

Step-by-step explanation:

A box contains 19 large marbles and 18 small marbles

Each marble is either green or white

9 of the large marbles are green, and 8 of the small marbles are white

If a marble is randomly selected from the box, we need to find the

probability that it is small or green

1. Find P(small) ⇒ P(s)

2.Find P(green) ⇒ P(g)

3. Find P(small and green) ⇒ P(s and g)

4. Use the rule P(small or green) = P(s) + P(g) - P(s and g)

∵ The box contains 19 large marbles and 18 small marbles

∴ The total number of marbles = 19 + 18 = 37

∴ P(s) = \frac{18}{37}

∵ There are 8 small white marbles

∵ There are 18 small marbles

∴ The number of small green marbles = 18 - 8 = 10

∴ P(s and g) = \frac{10}{37}

∵ There are 9 large green marbles

∵ There are 10 small green marbles

∴ The number of green marbles = 9 + 10 = 19

∴ P(g) = \frac{19}{37}

∵ P(small or green) = P(s) + P(g) - P(s and g)

∴ P(small or green) = \frac{18}{37}+\frac{19}{37}-\frac{10}{37}

∴ P(small or green) = \frac{27}{37} = 0.7297

If a marble is randomly selected from the box, then the probability

that it is small or green is 0.7297

Learn more:

you can learn more about probability in brainly.com/question/13053309

#Learnwithbrainly

5 0
3 years ago
Sam is rolling a number cube with the numbers 1, 1, 2, 2, 3, and 3 printed on it.
Illusion [34]
Sam has the probability of 0 because hes only using 1 cube with 1 number on each side.
8 0
4 years ago
22. Solve 7x - 9 = 28+ 4(x - 1).<br> X=-3<br> X=3<br> x = 11<br> X=-11​
aleksley [76]

Answer:

c) x = 11

Step-by-step explanation:

Given equation: 7x - 9 = 28 + 4(x - 1)

<u><em>Steps:</em></u>

1. Distribute 4 through the parentheses:

7x - 9 = 28 + 4(x) + 4(-1)

7x - 9 = 28 + 4x - 4 [simplify]

7x - 9 = 24 + 4x

2. Subtract 4x from both sides:

7x - 4x - 9 = 24 + 4x - 4x

3x - 9 = 24

3. Add 9 to both sides:

3x - 9 + 9 = 24 + 9

3x = 33

4. Divide both sides by 3:

3x ÷ 3 = 33 ÷ 3

x = 11

5. Check your work:

7x - 9 = 28 + 4(x - 1) [substitute 11 for x]

7(11) - 9 = 28 + 4(11 - 1) [simplify]

77 - 9 = 28 + 4(10) [simplify]

68 = 28 + 40 [add]

68 = 68 ✔

Learn more here:

brainly.com/question/27844321

brainly.com/question/21222758

7 0
2 years ago
Read 2 more answers
The principal of the school is looking over grade reports, specifically scores on math quizzes.
guapka [62]

Answer:

Range = 45

Median = 75

Step-by-step explanation:

Based on the attached box and whisker plot :

From the plot :

Maximum value = 95

Minimum value = 50

The median value can be obtained from the box and whisker plot. The median value from the plot is ; the green dotted point inside the box :

This point is marked 75.

Hence, median value = 75

Range = maximum - minimum

Range =. 95 - 50 = 45

8 0
3 years ago
Other questions:
  • The graph of y=-7x-10 is a ____ that shows the _____ to the equation
    9·1 answer
  • Geometry Sammie bought just enough fencing to bordereither a rectangular plot or a square plot, as shown. perimetersof the plots
    10·2 answers
  • Question 16 (5 points)
    10·1 answer
  • Danika concludes that the following functions are inverses of each other because f(g(x)) = x. Do you agree with Danika? Explain
    5·2 answers
  • During the basket ball season, morgan made 3 times as many 2 point baskets as she made 3 point baskets and free throws combined.
    15·2 answers
  • Which of these tables represents a linear function?
    9·2 answers
  • Novak hiked for 1¼ miles. After resting, he continued hiking for 2½ miles. How far did Novak hike?
    8·1 answer
  • What is the missing divisor?<br><br> 34,000 ? = 340
    5·2 answers
  • Circle T is defined by the equation (x + 5)2 + (y - 2) = 81. Which of the following shows the location of the center of Circle T
    14·1 answer
  • Find the area of a rectangle with side lengths 3/5 inch and 5/6 inch
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!