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
Oliga [24]
3 years ago
8

Hannah and Dawson have both invested money in savings accounts with APYs of 3.2%. If Hannah's account has a balance of $31,000 a

nd Dawson's account has a balance of $42,000, how much more interest does Dawson earn than Hannah?
Mathematics
1 answer:
9966 [12]3 years ago
3 0

Answer:

$341.07

Step-by-step explanation:

Hanna and Dawson both invested at 3.2% = 0.032

Hannah has balance of 31,000 in account

Dawson has balance of 42000 in account

Interests earned by both are

1)Hannah -P(1+i)^-n

=31000(1+0.032)^-1

=31000(1.032)^-1

=31000(0.968992)

=$30038.752

=$30038.75

Interest earned by Dawson is $31,000 - $30038.75 = $961.25

2)Dawson-  P(1+i)^-n

=42000(1+0.032)^-1

=42000(1.032)^-1

=42000(0.968992)

=$40697.664

=$$40697.664

Interest earned by Dawson is $42,000 - $40697.66= $1302.32

3) Hence the amount that Dawson earns than is:

=$1302.32-$961.25

= $341.07

You might be interested in
How much is 5tenths-2tenths?
vaieri [72.5K]

3tenths because 5tenths=50 And 2tenths=20 so if you do 50-20 you will get 30 or if u do 20+30 you will get 50 so either way is fine

3 0
4 years ago
Read 2 more answers
The whole is 1,000,000 50,000 is what percent of that
Travka [436]
5% is your answer bud
8 0
3 years ago
Michael is using a drawing program to complete a construction. Which construction is he completing? A circle is drawn with two p
Cloud [144]
Answer: <span>A square inscribed in a circle.
</span>

Justification:

Note that by making two perpendicular lines that intersect each other in the center of the circle, he obtains 4 equidistant points on the circumference.

So, joining each pair of neighbouring points, the image will reveal 4 congruent sides joining at right angles (90°). This is the image of a square with the four vertices on the circumference.
5 0
3 years ago
If a rope that is 29.7 inches long is cut into equal pieces that are 2.25 inches long, how many pieces of rope can be created?
nasty-shy [4]
The pieces of rope =29.9/2.25
=13.2
6 0
3 years ago
Read 2 more answers
The equation C = 20n + 35 represents the relationship between the cost of school volleyball uniforms, C, in dollars, and the num
Margaret [11]

The equation represent a linear relation with the y-intercept

representing the amount of initial fee.

Correct response:

1. 28 volleyball uniforms

2. Price per uniform

3. Initial flat order fee

4. 10 fewer volleyball uniform

<h3>Methods used for finding the above values</h3>

The given equation that represents the relationship between the cost of school volleyball uniform is; C = 20·n + 35

Where;

C = The uniform costs

n = The number of volleyball uniform ordered

The maximum amount the school has to spend = $600

1. The number of uniforms the school can buy is given by setting C = 600 as follows;

  • C = 20·n + 35

Therefore;

600 = 20·n + 35

20·n = 600 - 35 = 565

n = \dfrac{565}{20} = \mathbf{28.25}

Rounding down to the nearest whole number, we have;

  • The number of uniforms the school can buy, n = <u>28 volleyball uniforms</u>.

2. The number 20 represent the additional cost for each extra uniform, which is the unit cost therefore;

  • 20 represents a <u>$20 price per uniform</u>.

3. The 35 in the equation represents an initial <u>flat fee</u>, such as an

ordering or initial fee, which is fixed.

Therefore;

  • The number 35 represent the <u>fixed cost </u>for producing the uniforms

4. The price per uniform of $30 changes the coefficient of <em>n</em> from 20 to 30 as follows;

C = 30·n + 35

The number of uniforms the school can by with $600 is therefore;

n = \dfrac{600 - 35}{30} = \mathbf{18.8 \overline 3}

Which gives;

The number of uniforms the school can purchase at $30 per uniform is n = 18 volleyball uniforms

The difference in the number of uniforms purchased = 28 - 18 = 10

Therefore;

  • The school can purchase <u>10 fewer uniforms</u> at $30 per uniform

Learn more about linear equations here:

brainly.com/question/10452752

4 0
2 years ago
Other questions:
  • Identify the volume of the composite figure rounded to the nearest tenth. HELP PLEASE!!
    9·1 answer
  • Solve for the equation 1+(11-7x)^1/4=4 for x.
    15·2 answers
  • What is the slope of this line?<br><br> 23<br> 13<br> −13<br> −23
    7·2 answers
  • Triangle A B C is shown. Angle A C B is a right angle. The length of the hypotenuse is 20.
    7·2 answers
  • Solve for X<br><br> 3x + 5=50
    6·2 answers
  • When driving the peregrine falcon can reach speed of up to 175 miles per hour
    8·1 answer
  • Michael plots and connects the following points: A(-3,2), B(1,1), C(-3,4) and D(-5,-1). Which best describes the quadrilateral f
    11·2 answers
  • Find all solutions of the equation in the interval [0, 2pi); sqrt(3) * csc(theta) - 2 = 0
    15·1 answer
  • How to multiply fractions
    10·1 answer
  • can anyone help meeee plssss
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!