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
Find the absolute value of -3.
abruzzese [7]

Answer:

3

Step-by-step explanation:

If there is a negative sign in front of a number when trying to find absolute value, remove the negative sign. This is vice-versa if there is no negative sign. Have a Great Day and Hope this Helps :)

4 0
3 years ago
Read 2 more answers
When Monica went hiking, she saw 6 elm trees. She saw 25 trees in total. What percent of trees that Monica saw were elm trees
lubasha [3.4K]

Answer:

24% i did the math

3 0
3 years ago
Read 2 more answers
The average median income for a dentist is $142,740. The average median income for a medical and health service manager is $86,4
KiRa [710]

A: For the Dentist, their average income in 30 years is $4,282,200

B: For the Manager, their average income in 30 years is $2,592,000

C: The difference in both their earnings is $1,690,200

Work: So, I just multiplied their average earnings by 30, and that's what their average income will be in 30 years. For the difference, I subtracted the higher earning by the lower earning, and that's the difference.

I hope this helps you. :)

7 0
3 years ago
The box-and-whisker plot below shows the age distribution of people at a family reunion.
Nesterboy [21]

Answer:

C. The interval of the stem and leaf plot is not consistent.

Step-by-step explanation:

The stem and leaf plot appears at first glance to be accurate.  However, 5 is skipped altogether in the stems; this makes the plot look symmetric instead of skewed.

4 0
3 years ago
Read 2 more answers
10 points help please help me no understand math
guajiro [1.7K]

Answer:

TX

Step-by-step explanation:

7 0
3 years ago
Other questions:
  • A certain computer can perform 10 to the 5th power calculations per second. How many calculations can it perform in 10 seconds?
    5·2 answers
  • Halp meeeeehhhhhh DDDD:
    8·2 answers
  • Which of the following expressions is in simplified form?
    8·1 answer
  • 1. in the figure FL=5 and HL= 8 what is FM (hint Pythagorean theorem and radi of circles)
    12·1 answer
  • Josephine noticed that out of 10 e-mails she received, 7 were advertisements. What can she predict about the number of advertise
    9·2 answers
  • What is the perimeter of a square 6ft by 8ft
    11·1 answer
  • Place the numbers 342,98, 317 in order from least to greatest
    9·1 answer
  • Complete the equation of the line through (–6,5) and (-3, -3).<br> Use exact numbers.
    10·1 answer
  • Find the missing length and round to the nearest hundredth if necessary.
    6·2 answers
  • Chris wants to make at least 4.5 pounds, but no more than 5 pounds of berry salad he finds a carton of raspberries that weighs 1
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!