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Colt1911 [192]
2 years ago
13

Northern Bank has two types of account. Both accounts pay compound interest. Cash savings account Interest 2.5% per annum Shares

account Interest 3.5% per annum Ali invests £2000 in the cash savings account. Ben invests £1600 in the shares account. (a) Work out who will get the most interest by the end of 3 years. You must show all your working.
Mathematics
1 answer:
musickatia [10]2 years ago
4 0

Answer: Ben will have the most interest.

Step-by-step explanation:

Ali after 3 years.

To use compound interest, the formula is:

= Investment * ( 1 + rate) ^ no. of periods

= 2,000 * ( 1 + 2.5%)³

= £‭2,153.78

Interest = Amount after 3 years - investment

= 2,153.78 - 2,000

= £153.78

Ben after 3 years.

= 1,600 * (1 + 3.5%)³

= £1,773.95

Interest = 1,773.93 - 1,600

= £173.93

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This is a classic example of a 45-45-90 triangle: it's a right triangle (one angle of 90) & two other sides of the same length, which means two angles of the same length (and 45 is the only number that will work). With a 45-45-90 triangle, the lengths of the legs are easy to determine:
45-45-90
1-1-sqrt2
Where the hypotenuse corresponds to sqrt2.
Now, your hypotenuse is 10.
To figure out what each leg is, divide 10/sqrt2 (because sqrt2/sqrt2 = 1, which is a leg length in the explanation above).
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3 0
3 years ago
Solve for w 4w - 9 = 7
bagirrra123 [75]

Answer:

w = 4

Step-by-step explanation:

1. Isolate the variable by adding 9 to both sides

--> 4w = 16

2. Divide each side by 4

--> w = 4

-If this answer helps you, please remember to vote it as 'brainliest answer' :)

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6 0
3 years ago
Find the gcf 15, 18, 30 <br> a. 450 <br> b. 540 <br> c. 6 <br> d. 3
poizon [28]
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Factors of 18 - 1, 2, 3, 6, 9, 18
Factors of 30 - 1, 2, 3, 5, 6, 10, 15, 30

Your answer is D

Hope I helped you :-)
6 0
3 years ago
Can you tell me what correct answer is and why
solmaris [256]

Answer:

The correct answer is D...

Step-by-step explanation:

In order to find the distance of the diagonals, you would need to use the distance formula...

The square root of (x2-x1)^2 + (y2-y1)^2

After you plug in the letters into the appropriate places you should get the square root of (a+b)^2 +c

8 0
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