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
Alexandra [31]
3 years ago
8

Sonja has $1,800 to invest, And she has a choice between two savings accounts. Saving account a offers an interest rate of 3.6%

compounded monthly, while savings Account be offers an interest rate of 4.8%, compounded monthly. How much more would she have after two years with savings account be done with savings account a?
Mathematics
1 answer:
son4ous [18]3 years ago
4 0

Answer:

$46.83

Step-by-step explanation:

The standard formula for compound interest is given as;

A = P(1+r/n)^(nt) .....1

Where;

A = final amount/value

P = initial amount/value (principal)

r = rate yearly

n = number of times compounded yearly.

t = time of investment in years

For saving account A;

P = $1,800

t = 2 years

n = 12 (monthly

r = 3.6% = 0.036

Substituting the values;

A = 1800(1+0.036/12)^(12×2)

A1 = $1934.17

for saving account B;

P = $1,800

t = 2 years

n = 12 (monthly

r = 4.8% = 0.048

Substituting the values;

A = 1800(1+0.048/12)^(12×2)

A2 = $1981.00

The difference will then be

d = A2 - A1

d = $1981.00 - $1934.17

d = $46.83

Therefore, she would have $46.83 more

You might be interested in
Which line is perpendicular to a line that has a slope of 1/2?​
Murrr4er [49]

Answer:

line HJ, because line with slope 1/2 is AB=2/4=1/2.

AB is perpendicular to HJ, because it forms right angle

8 0
3 years ago
On a coordinate plane, point Q is 0.5 units to the left and 1.25 units up. Point R is 1.25 units to the right and 0.5 units up.
Nataly [62]

Answer:

Point W

Step-by-step explanation:

6 0
3 years ago
Read 2 more answers
An object is launched from a platform. Its height (in meters), xxx seconds after the launch, is modeled by: h(x)=-5x^2+20x+60h(x
EastWind [94]
It takes 6 seconds for it to hit the ground.

0 = -5x²+20x+60

We can solve this by factoring.  First factor out the GCF, -5:

0 = -5(x²-4x-12)

Now we want factors of -12 that sum to -4.  -6(2) = -12 an -6+2 = -4:
0 = -5(x-6)(x+2)

Using the zero product property, we know that either x-6=0 or x+2=0; this gives us the answers x=6 or x=-2.  Since we cannot have negative time, x=6.
3 0
4 years ago
Read 2 more answers
3. the smallest number by which 168 must be multipled to get the perfect square number. ICA) 3 1(B)2 (c) 4 (o)5​
kaheart [24]

Answer:

42

Step-by-step explanation:

168 factors into

2•2•2•3•7

two of the 2's make a perfect square

(2•2)•2•3•7

   2²•2•3•7

as none of the product of the remaining factors makes a perfect square

2•3 = 6,  2•7 = 14,  3•7 = 21

we need to multiply the remaining factors together to find another perfect square

   2²•(2•3•7)²

2•3•7 = 42

42(168) = 7056 = 84²

5 0
3 years ago
7 + r ≥ 18<br> Which is true?<br> 11<br> 10<br> 9
sdas [7]

Answer:

11

Step-by-step explanation:

ez

3 0
3 years ago
Read 2 more answers
Other questions:
  • What is the measure of 78°
    8·1 answer
  • The table shows jills math quiz scores. what is the minimum score she needs on her next quiz to have a mean of at least 92
    7·1 answer
  • 3 times the difference between 74.25 and 10.3 show your work
    10·1 answer
  • -2 1/3-(-5) can someone help me
    8·1 answer
  • Find the point of intersection by graphing each of the following lines: x+y=4<br> x+2y=6
    8·1 answer
  • Which of the following equations represents a proportional relationship
    12·1 answer
  • The next model of a sports car will cost 12.2% less than the current model. The current model costs $34,000 . How much will the
    14·1 answer
  • Over what interval is the graph of<br> y=-2 + 1x - 2 increasing?
    9·1 answer
  • A small-business owner will lease a billboard to advertise her business. The table shows the linear relationship between the cos
    13·2 answers
  • In the Venn diagram, consider U = {students in 10th grade at Lee High School}.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!