Answer:
Bank West
$242.82
Step-by-step explanation:
To find which bank will yield more interest for Emilio, we can solve for the interest of each bank by using the Compound interest formula:
![A=P(1+\dfrac{r}{n})^{nt}](https://tex.z-dn.net/?f=A%3DP%281%2B%5Cdfrac%7Br%7D%7Bn%7D%29%5E%7Bnt%7D)
For the Bank West we have:
n = 4 Quarterly
t = 6 years
r = 3.8% or 0.038
P = 15820
Let's substitute them in the formula.
![A=15820(1+\dfrac{0.038}{4})^{4(6)}](https://tex.z-dn.net/?f=A%3D15820%281%2B%5Cdfrac%7B0.038%7D%7B4%7D%29%5E%7B4%286%29%7D)
![A=15820(1+\dfrac{0.038}{4})^{24}](https://tex.z-dn.net/?f=A%3D15820%281%2B%5Cdfrac%7B0.038%7D%7B4%7D%29%5E%7B24%7D)
![A=15820(1+0.0095)^{24}](https://tex.z-dn.net/?f=A%3D15820%281%2B0.0095%29%5E%7B24%7D)
![A=15820(1.0095)^{24}](https://tex.z-dn.net/?f=A%3D15820%281.0095%29%5E%7B24%7D)
![A=19849.89](https://tex.z-dn.net/?f=A%3D19849.89)
Now let's solve for the Interest. We subtract our total amount to the principal amount.
Interest = 19849.89 - 15820
Interest = 4029.89
Now let's solve for the First Bank.
n = 12 Monthly
t = 5 years
r = 4.3% or 0.043
P = 15820
Let's substitute them in the formula.
![A=15820(1+\dfrac{0.043}{12})^{12(5)}](https://tex.z-dn.net/?f=A%3D15820%281%2B%5Cdfrac%7B0.043%7D%7B12%7D%29%5E%7B12%285%29%7D)
![A=15820(1+\dfrac{0.043}{12})^{60}](https://tex.z-dn.net/?f=A%3D15820%281%2B%5Cdfrac%7B0.043%7D%7B12%7D%29%5E%7B60%7D)
![A=19607.07](https://tex.z-dn.net/?f=A%3D19607.07)
Now for the interest:
Interest = 19607.07 - 15820
Interest = 3787.07
This gives us:
Bank West Interest = $4029.89
First Bank Interest = $3787.07
So Bank West will earn more interest than First Bank.
To find how much more interest we subtract the interest of Bank West to First Bank.
4029.89 - 3787.07 = $242.82
I’m answering for points and so the other person can get brainliest lol
8 divided by 24 = 0.33
8 divided by 3 = 2.6
24 divided by 8 = 3
24 divided by 3 = 8
Answer:
44 students were in each bus
Step-by-step explanation:
Idk
Answer:
Step-by-step explanation:
![\frac{3750}{5000}*100=\frac{375}{5}=75](https://tex.z-dn.net/?f=%5Cfrac%7B3750%7D%7B5000%7D%2A100%3D%5Cfrac%7B375%7D%7B5%7D%3D75)
Mathew spends 75% of his earnings