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Rus_ich [418]
3 years ago
5

Peter invests $1000 at 4% compounded annually for 10 years and Jose invests $900 compounded annually at 5% for 11 years. Who end

s up with more money? And how much more money?
Mathematics
1 answer:
Nesterboy [21]3 years ago
6 0

Answer:

Jose ends up with more money with $59 more than Peter.

Step-by-step explanation:

To determine the amount they will have, you have to use the formula to calculate the future value:

FV=PV(1+r)^n

FV= future value

PV= present value

r= rate of interest

n= number of periods of time

-Peter:

FV=1,000*(1+0.04)^10

FV=1,000*1.48

FV=1,480

-Jose:

FV=900*(1+0.05)^11

FV=900*1.71

FV=1,539

Difference: $1,539-$1,480=$59

According to this, the answer is that Jose ends up with more money with $59 more than Peter.

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Step-by-step explanation:

5 0
3 years ago
Ice Dream charges $4 to rent ice skates, plus $1.50 per hour to skate. Skating Paradise charges $1 to rent ice skates, plus $3 p
Anastasy [175]

Hey there!

These are slope intercept equations, because they have an initial cost and then a cost based on an independent variable, in this case, time spent skating.

Given the information, Ice Dreams equation would be c=1.5h+4 and Skating Paradise would be c=3h+1

Now, we just put them together to make the systems of equations.

c=1.5h+4

c=3h+1

Now, we need to find a point where the two will meet, which will give us our answer. We just need to solve the system.

Let's solve using elimination.We can multiply the top equation by -2 so we can use elimination.

-2c=-3h-8

c=3h+1

We combine the equations..

-c==7

c=7

Now we can plug this into one of the other equations.

7=3h+1

h=2

Now, we have our solution..

(h,c)=(2,7)

Therefore, after two hours, the cost will be the same, and the cost will be seven dollars.

I hope this helps!

3 0
3 years ago
11. Write the equation of the line.
dimaraw [331]
Y= - 3 is the equation of the line
8 0
3 years ago
Arrange the following fractions in the descending order: 2/5, 7/10, 3/2, 15/30
nika2105 [10]

Answer:

3/2, 7/10, 15/30, 2/5

4 0
3 years ago
Help!!!!!!!!!!!!!!!!
Free_Kalibri [48]

Answer:

The solutions the equation 1 are -1.3 and 2. The solutions to equation 2 are -1 and 0.

Step-by-step explanation:

Isolate the absolute value for equation 1. Then, set two equations equal to 5 and -5.

3x - 1 = 5  and   3x - 1 = -5  

Solve for x in both and you would get -1.3 and 2.

Do the same for equation 2.

2x + 1 = -1   and   2x + 1 = 1

Solve for x and you would get -1 and 0.

6 0
3 years ago
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