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Snowcat [4.5K]
3 years ago
10

You deposit $2000 in Account A, which pays 2.25% annual interest compounded monthly. You deposit another $2000 in Account B, whi

ch pays 3% annual interest compounded monthly. When is the sum of the balance in both accounts at least $5000?
Mathematics
1 answer:
Romashka [77]3 years ago
7 0
The equations woould look like this 
a=2000(1+.0225/12) to the 12th power 
b=2000(1+.03/12) to the 12th power 
but i cant find the answer cuz i have no calculator sorry but i hope i still helped.
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What is the perimeter of this book?
Lana71 [14]
C. 32in. >> 10+10+6+6=32.
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3 years ago
Sam will spend at most $27 on gifts. So far, he has spent $18. What are the possible additional amounts he will spend? Use c for
Assoli18 [71]

Answer:$9

Step-by-step explanation:

Let the additional amount be c

Total amount to spend on gift is $27

He had spent $18 so far

$18+c= $27

C= $27-$18

C=$9

5 0
3 years ago
Read 2 more answers
Edison has a sales job and receives $45,448 as his annual pay, plus commission. His company pays him a commission of 15% on his
11111nata11111 [884]

Answer:

Edison will be paid $15,112 for 3 months

Step-by-step explanation:

Edison receives an annual fixed pay = $45,448.

Monthly pay  = 45,448/12 = $3787.33

3-month salary = $3787.33 *3 = $11.362

Commission = 15%

Total sale = $25,000 for the first 3 months.

Commission amount = 25,000*0.15 = $3750

Therefore, total pay that Edison received during first 3 months= salary + commission

= $11,362 + $3750

= $15,112

Thank you.


4 0
3 years ago
Alexis put $2000 in savings account. After 4 years, she had $2543 in the account. What rate of interest did she earn?
Marizza181 [45]

Answer:

A

Step-by-step explanation:

Hihi. So, this is a nice application of interest rates as well as properties of exponentials/logarithms. As you know, the basic equation for interest rates is A= Pe^(rt) where A is your final amount, P is your initial, r is your rate of interest, and t is the time the money was accumulating interest. After cleaning up, you get in a situation due to you having e still lying around. Luckily, if you take the natural log of e, all you have left behind is the previous exponent. Thus, you can take the natural log of both sides, divide by 4, and then simplify to see that your final interest rate is ~6%

5 0
3 years ago
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A store has a bargain bin filled with red (R), blue (B), pink (P), and yellow (Y) shirts in sizes small (S) and large (L). Which
olasank [31]

Option D:

Possible outcomes when randomly pulling one shirt from the bin are

RS, RL, BS, BL, PS, PL, YS, YL

Solution:

<u>Color of shirts are: </u>

Red (R), Blue(B), Pink(P), Yellow(Y).

<u>Size of shirts are: </u>

Small(S), Large(L)

This means that each color of shirts have both in small and large size.

<u>Shirts in bargain bin are:</u>

Red in Small (RS), Red in Large (RL)

Blue in Small (BS), Blue in Large (BL)

Pink in Small (PS), Pink in Large (PL)

Yellow in Small (YS), Yellow in Large (YL)

<u>Possible outcomes when randomly pulling one shirt are:</u>

RS, RL, BS, BL, PS, PL, YS, YL

Hence Option D is the correct answer.

7 0
3 years ago
Read 2 more answers
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