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Sati [7]
3 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]3 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]3 years ago
3 0

Answer:

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

Step-by-step explanation:

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Which shows the rational expression written using the least common denominator?
aleksandr82 [10.1K]

Answer:

(x + 1)/4x² + 4(x + 1)/4x²

Step-by-step explanation:

x+1/4x² + x+1/x²

The above can be simply as follow:

Find the least common multiple (LCM) of 4x² and x². The result is 4x²

Now Divide the LCM by the denominator of each term and multiply the result with the numerator as show below:

(4x² ÷ 4x²) × (x + 1) = x + 1

(4x² ÷ x²) × (x + 1) = 4(x + 1)

x+1/4x² + x+1/x² = [(x + 1) + 4(x + 1)]/ 4x²

= (x + 1)/4x² + 4(x + 1)/4x²

Therefore,

x+1/4x² + x+1/x² = (x + 1)/4x² + 4(x + 1)/4x²

5 0
3 years ago
Jacob received a deck of cards for his birthday. The length, width, and height of the card box are shown below. What is the volu
ollegr [7]

The question is incomplete :

The height, width and Lenght isn't Given. However, we can create an hypothetical scenario, with a height 6, length 8 and width 4

Answer:

192 unit³

Step-by-step explanation:

The volume of the card box :

Recall the volume of box formula :

V = length * width * height

Volume = 8 * 6 * 4

Volume = 192 unit³

This is the procedure for any given dimension of the card deck.

6 0
2 years ago
3. Two linear functions are shown below. Which function has the greater rate of change? Justify your response LOOK AT PIC! plz h
Rainbow [258]

Answer:

Function B has the greater rate of change

Step-by-step explanation:

Function A has a slope of 1/3

Function B has a slope of 1/2

When comparing slopes, the higher value has the greater rate of change

1/2 > 1/3

7 0
3 years ago
Find the volume of the cylinder if the height is 3 mm and the diameter is 40 mm. Leave the answer in terms of it.
KiRa [710]

The Volume of cylinder is 3770 cubic millimeters

But, the correct option is not available in options given.

Step-by-step explanation:

Height of cylinder = 3mm

Diameter of cylinder = 40mm

Volume of cylinder = ?

The formula used to find Volume of cylinder is:

Volume = \pi r^2h

Putting values in the formula:

Since we need radius,

radius = diameter/2

radius = 40/2

radius = 20 mm

So,

Volume = \pi r^2h\\Volume = 3.14*(20)^2*3\\Volume = 3.14*400*3\\Volume= 3769.91 or \,\,\,Volume\approx 3770\,\,cubic\,\,millimeters

The Volume of cylinder is 3770 cubic millimeters

But, the correct option is not available in options given.

Keywords: Volume of cylinder

Learn more about Volume of cylinder at:

  • brainly.com/question/12497249
  • brainly.com/question/6443737
  • brainly.com/question/12613605

#learnwithBrainly

6 0
3 years ago
Hellp meee please I’m about to fail this subject!
elixir [45]

Answer:

So first you have to do 12-2 since it's in parenthesis. It is 10. 5+4 is 9, and 9 times 10 is 90. 3 squared is 9, then you divide 90 by 9. The answer is 10.

4 0
3 years ago
Read 2 more answers
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