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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.

You might be interested in
If p(x)=2x^2-4x and q(x)=x-3 what is (p*q)(x)
Tanya [424]

Answer: 2x³-10x²+12x or 2x(x²-5x+6)

Step-by-step explanation:

(p*q)(x) means p(x) and q(x) multiplied together.

(2x²-4x)(x-3)

2x³-6x²-4x²+12x

2x³-10x²+12x

You can also factor this by taking out a 2x.

2x(x²-5x+6)

4 0
3 years ago
You are choosing between two different cell phone plans. The first plan charges a rate of
Zolol [24]

Answer:

at least 450 minutes

Step-by-step explanation:

Find an expression for the cost of each plan as a function of the number of minutes. Set the expressions equal to each other, and solve for the number of minutes.

Let x = number of minutes.

First plan:

cost (in dollars) = 0.21x

Second plan:

cost (in dollars) = 0.11x + 44.95

Set the expressions equal:

0.21x = 0.11x + 44.95

Subtract 0.11x from both sides.

0.1x = 44.95

Divide both sides by 0.1

x = 44.95/0.1

x = 449.5

Since you cannot have a fraction of a minute, the answer is 450 minutes.

3 0
2 years ago
A slice is made perpendicular to the base of a right rectangular prism as shown. What is the area of the resulting two-dimension
Yuki888 [10]

Answer:

225 i think

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
(4x+8)+(2x+20)=90 help me solve this and draw a diagram
Lemur [1.5K]

Answer:

x = 31/3

Step-by-step explanation:

4x+8+2x+20=90

4x+2x+8+20=90

4x+2x+8+20=90

6x+28=90

6x+28-28=90-28

6x=62

x = 31/3

5 0
3 years ago
the ratio of men and women in a certain factory is 3 to 4. there are 198 men. How many workers are there?
LUCKY_DIMON [66]

3 men

4 women

7 total


3 men/ 7 total = 198 men/ x total

using cross products

3*x = 7 * 198

divide each side by 3

x = 7*198/3

x = 462

There are 462 workers


If you mean 3 men and 1 women for a total of 4 workers when you state a  ratio of men and women in a certain factory is 3 to 4.

3/4 =198/x

Using cross products

3x = 4* 198

Divide each side by 3

3x/3 = 4*198/3

x =264

264 workers


It all depends on how you define ratio of men and women in a certain factory is 3 to 4.   This is incorrect phrasing and I took it to be men to women.   You cannot have a ratio of men and women.




5 0
3 years ago
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