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
Stella [2.4K]
2 years ago
7

Melanie invests $4,000 into an account offering 4% interest compounded annually. Gina invests $4,000 into a simple interest savi

ngs account offering a 4.5% interest rate. What is the dollar amount of the greater balance at the end of five years? Round to the nearest dollar. Use the formula es026-1.jpg for compound interest; Use the formula es026-2.jpg for simple interest.
Mathematics
2 answers:
VashaNatasha [74]2 years ago
4 0
Melanie: 
Amount after 5 years = 4000(1 + 0.04)⁵ = $4867

Gina:
Amount after 5 years = 4000 + 5(0.045 x 4000) = $4900

Answer: Gina has the greater balance and her balance is $4900.
Natalija [7]2 years ago
3 0

Answer:

4900

explanation: i did the test

You might be interested in
Complete the function table below for the function F(x) = 5x-7.
MA_775_DIABLO [31]
The answer is true it goes up by 5 every time
8 0
3 years ago
4/18 is closest to: 1/2 or 1 whole
Anika [276]

Answer:

1/2, since 1 whole is 18/18 and 1/2 is equal to 9/18

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
​Jody, a statistics​ major, grows tomatoes in her spare time. She measures the diameters of each tomato. Assume the Normal model
d1i1m1o1n [39]
The 50th percentile is the median so the z score will be 0
3 0
3 years ago
At the spring dance there were 23 more students than 6 times the number of teachers. There were 215 students that attended the d
Mademuasel [1]

Answer: There were 32 teachers.

Step-by-step explanation:

(215 - 23)/6 = amount of teachers

215 - 23 = 192

192/6 = 32

8 0
3 years ago
Read 2 more answers
What is your favorite color of the alphabet true or false???
valina [46]
Trueeeeee i guess oop
7 0
2 years ago
Other questions:
  • How is the quadritael ABCD not a rhombus nor rectangle? I already prove it is a parallelogram​
    6·1 answer
  • If an item is originally priced at $50 and has a 4% sales tax, what is the final price that a person must pay?
    11·2 answers
  • Sadie earns $11.25 per hour. Do her earnings vary inversely or directly with her number of hours worked? Determine how many hour
    6·2 answers
  • A movie is 2 hours and 28 minutes long. It started at 7:50pm . At what time will the movie ends
    14·2 answers
  • This section of guttering can hold up to 20 litres of rainwater. work out the length of guttering in meters. The diameter is 11.
    12·1 answer
  • Andy reads 56 more pages of his book on Monday than Tuesday. He reads 125 pages on Monday. How many pages in all does he read on
    12·2 answers
  • The exact heights of different elephants Choose the correct answer below. A. The data are continuous because the data can only t
    6·1 answer
  • If (x+2) is a factor of 3x^2+14x+k, what is the value of k?
    13·1 answer
  • A side of the triangle below has been extended to form an exterior angle of 129°. Find the value of x.
    10·2 answers
  • How to write -1/2x + y=4 in slope form
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!