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Sergeu [11.5K]
3 years ago
11

A savings account at Bank A pays 5% simple interest. An account at Bank B pays 2% compound interest. The table shows the balance

in each account after an initial deposit of $1000.Which describes the balances after a long period of time?
Year BankA BankB
1 $1000 $1000
2 $1050 $1020
3 $1100 $1040.40
4 $1150 $1061.21
5 $1200 $1082.43
A.The balance in BankA will be greater.
B.The balance in BankB will be greater.
C.The Balances will be the same.
Mathematics
2 answers:
hram777 [196]3 years ago
6 0
After a long period of time The balance in BankB will be greater.

Because simple interest is just interest on the principle only which is 50 every year doesn't change but with compound interest you will get 2% Interest every year (interest on principle+interest of the previous year)

So it's b

Hope it helps

-BARSIC- [3]3 years ago
5 0

the balance in bank b will be greater

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Answer:

Step-by-step explanation:

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Greg and Heather each opened a savings account today. Greg opened his account with a starting amount of $330, and he is going to
cluponka [151]

Set up two equations:

Greg = 330 + 75X

Heather = 660 + 45x

Set them to equal and solve for x:

330 + 75x = 660 + 45x

Subtract 330 from both sides:

75x = 330 + 45x

Subtract 45x from both sides:

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Divide both sides by 30:

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6 0
3 years ago
What is the value of y in this system of equations: 3x + y = 9 y = –4x + 10 ?
Ahat [919]
<span>3x + y = 9 (I)
</span><span>y = –4x + 10 (II)
------------------------
</span>\left \{ {{3x + y = 9 } \atop {y = -4x + 10 }} \right.

Pass the incognito "4x" to the first term, changing the signal when changing sides.
<span>-------------------------
simplify by (-1)
</span>\left \{ {{3x + y = 9.(-1)} \atop {4x + y = 10 }} \right.<span>

-------------------------
</span>\left \{ {{- 3x - \diagup\!\!\!\!y =-9} \atop {4x + \diagup\!\!\!\!y = 10}} \right.     &#10;
<span>
-------------------------
</span>\left \{ {{- 3x = - 9} \atop {4x = 10}} \right.<span>

-----------
</span>\boxed{x = 1}<span><span>

</span></span><span>Substitute in equation (I) to find the value of "Y".

</span>3x + y = 9 (I)
3*(1) + y = 9
3 + y = 9
y = 9 - 3
\boxed{y = 6}

Answer:
\boxed{\boxed{ \left \ {{x=1} \atop {y=6}} \right. }}

6 0
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Help! What does 2 divided by 9 tenths
Serga [27]
I got 0.45

Good luck!
6 0
3 years ago
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PLEASE HELP ME
Orlov [11]

Answer:

15

Step-by-step explanation:

Hey there!

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4 0
3 years ago
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