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lozanna [386]
3 years ago
6

Suppose you have $600 to invest in a savings plan, and you want to compare 4 different ways you could invest the money. Round an

swers to the nearest cent Method 1: Find the balance after one year if you deposit all the money into an account that pays $2.50 in simple interest each month (this is a simple interest equation where the amount of interest stays the same each month).
Business
1 answer:
lidiya [134]3 years ago
5 0

Answer:

Method 1

Balance = principal + interest

             = $600 + (2.50*12)

             = $600 + $30

             =$630

Explanation:

You might be interested in
A well insulated 3-m X 4-m X 6-m room initially at 7 degrees C is heated by the radiator of a steam heating system. The radiator
poizon [28]

Answer:

The average temperature of air in 45 minutes is 10.74°C

Explanation:

Given

Time t = 45 minutes

Initial Air Temperature, T1 = 7°C

Fan work W = 120W

Radiator Volume = V1 = 15L

Initial Steam Pressure = P1 = 200kPa

Initial Steam Temperature = Ts1 = 200°C

Final Steam Pressure = P2 = 100kPa

The radiator is our system.

We take the system as a close system.

The energy balance is given as follows

-Qout = ∆U

-Qout = m(u2 - u1)

Calculating u2

From steam table (see attachment below)

At P1 and Ts1

P1 = 200kPa, Ts1 = 200°C

u1 = 2654.6KJ/Kg

v1 = 1.08049 m³/Kg

At P2 = 100kPa,  v1 = v2

vf = 0.001043m³,   vg = 1.6941m³/kg    uf = 417.4kj/kg      ufg = 2088.2kj/kg

x2 = (v2 - vf)/(vg - vf)

x2 =  (1.08049 - 0.001043)/(1.6941 - 0.001043)

x2 = 1.079447/1.693057

x2 = 0.63757

u2 = uf + x2ufg

u2 = 417.4 + 0.63757 * 2088.2

u2 = 417.4 + 1331.374

u2 = 1748.774

Solving for m

m = V1/v1

m = 15L/1.08049

m = 0.015/1.08049

m = 0.01388Kg

So, -Qout = m(u2 - u1) becomes

0.01388(1748.774 - 2654.6)

= 0.01388 * -905.826

= -12.572

-Qout = -12.572

So, Qout = 12.572KJ

The dimensions of the room is 3 * 4 * 5.

The mass and volume of air in the room is given by

Volume = 3 * 4 * 6 = 72m³

Mass = P * V/RT

Where R = Gas Constant = 0.287

T = T1 = 7°C = 273+ 7 = 280K

P = P2 = 100kPa

Mass = (100 * 72)/(0.287 * 280)

Mass = 7200/80.36

Mass = 89.597Kg

The amount of work is defined by

Work = Fan work W * Time t

Work = 120 * 45 minutes

Work = 120 * 45 * 60seconds

Work = 324000J

Work (fan, in) = 324KJ

Taking the air in the room as the system

The energy balance is as follows

∆Energy = E(in) - E(out)

E(in) = Q(out) + W(fan,in)

E(out) = W(out)

∆Energy = ∆U

So, we have

∆U = Q(out) + W(fan,in) - W(out)

∆U + W(out) = Q(out) + W(fan,in)

∆U + W(out)  = 12.572 + 324

∆U + W(out) = 336.572

∆U + W(out) = ∆H (Change in heat energy)

This is given by mc(T2 - T1)

Where m = 89.597kg

c = specific heat of air at constant pressure = 1.005

T1 = 7°C

Substituting in these values, we have

336.572 = 89.597 *1.005 (T2 - 7)

=> 336.572 = 90.044985(T2 - 7)

T2 - 7 = 3.74

T2 = 3.74 + 7

T2 = 10.74°C

8 0
4 years ago
Lawn Chopper Company sells two types of lawn mowers. The first one is a basic lawn mower, which has variable costs of $50 and se
Temka [501]

Answer:

See below

Explanation:

Breakven even point is computed as

= Fixed costs / ( Sales price per unit - Variable costs per unit)

For basic lawn mower, Given that;

Fixed cost = $5,000,000

Sales price per unit = $150

Variable costs per unit = $50

BEP = $500,000 / ($150 - $50)

BEP = $500,000 / $100

BEP = 5,000 units

For Riding tractor, given that;

Fixed costs = $500,000

Sales price per unit = $1,500

Variable cost per unit = $500

BEP = $500,000 / ($1,500 - $500)

BEP = $500,000 / $1,000

BEP = 500 units

It therefore means that 5,000 units of basic Lawn mower must be sold to break even, while 500 units of riding tractor must be sold to break even.

7 0
3 years ago
Your brother is starting 9th grade next year and is thinking about going to college.
salantis [7]

Answer:

Your brother is starting 9th grade next year and is thinking about going to college.

What steps would you recommend he take?

Meet his guidance counselor and fill out the FAFSA form.

E.Both A & C

Explanation:

It is always advisable for anyone who wishes to advance in their career to join college. Colleges are institutions of higher learning that provides educational services to students seeking career proficiency. For a student who has an interest in joining college, there are various steps that he/she can take to prepare. They are;

1. Meet his guidance counselor: a guidance counselor is an employed person usually in an school to offer assistance to students regarding various issues. Some of the services they offer are; to assist troubled students, help in advising students when there is conflict and assist them in making college and career plans. In our case, your brother could gain a lot form the guidance counselor especially on college plans. The counselor can teach the student on ways of formulating a good college plan so that their application can be timely and effective.

2. Fill out the FAFSA form: a FAFSA form is also known as Free Application for Federal Student Aid. FAFSA is a federal program that provides aid to students in the form of; grants, loans, and work-study.

4 0
3 years ago
In 3 sentences Summarize the main points of a wise investment strategy.
Vilka [71]
You want to invest money into your product but sell it for more money than what's is worth in tell you get back the money you invested into the business and then put the prices down on holidays to like dirt cheap to attracted more people then raise the price when it's over
3 0
3 years ago
If you get into a car accident, your _______________ may increase because you will be considered riskier for insurance companies
xxTIMURxx [149]
Money hope it work for you
5 0
3 years ago
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