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amid [387]
2 years ago
5

Michelle has a balance of $950 in a savings account that pays 3% interest compounded annually. If Michelle makes no deposits or

withdrawals, how much money will be in her savings account after 2 years?
Mathematics
1 answer:
balu736 [363]2 years ago
4 0

Answer:

She will save by borrowing from Bank B.

Step-by-step explanation:

Michelle needs to calculate the interest for the length of each loan. Bank A will charge $2430 in interest and Bank B will charge $1980 in interest. She will save by borrowing from Bank B.

Sample answer on edge ;)

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Patrick has a 600-meter skein of yarn. He used 248.9 meters of yarn to make a hat. Does he have enough yarn to make an scarf tha
Masja [62]

Patrick has a total of 600 meters skein of yarn.

He used 248.9 meters of yarn to make a hat.

Now, If he has used 248.9 meters of yarn, we need to find how much yarn has he left.

We need to subtract the amount of yarn used from the total length. That is, 248.9 from 600.

600-248.9=351.1

So, now Patrick has left 351.1 meters of yarn.

Patrick needs to make a scarf that needs 354.03 meters of yarn but after making a hat he has left with only 351.1 meters of yarn. Therefore, Patrick does not have enough yarn to make a scarf.

6 0
3 years ago
Angelina deposits $3000 in a savings account on 1 January 2019, earning compound interest of 1.5% per year.
jekas [21]

The interest earned would be $481.62.

The total amount of money in her account would be $16,377.12.

<h3>Determining interest after 10 years </h3>

Interest = future value - amount deposited

$3000 (1.015)^10 = $3,481.62

Interest =  $3,481.62 - $3000 = $481.62

<h3>Determining the future value of the account.</h3>

 Future value of the lump sum = $3000 x (1.015)^11 = $3,533.85

Future value of the annuity = amount deposited x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r = [(1.015)^10 - 1] / 0.015 = 10.702722

Future value =  10.702722 x $1,200 = $12,843.27

Total future value =  $12,843.27 + $3,533.85 = $16,377.12

To learn more about future value, please check: brainly.com/question/18760477

4 0
2 years ago
Determine the average rate of change from 0 to 4 for the function f(x)=2^x-3
IrinaVladis [17]
If the question meant f(x)=2^(x) -3 then the answer should be 1 over 4 or 1/4
4 0
3 years ago
10^4/888x7<br> A.77.82<br> B78.50<br> C. 80<br> D.non of the above
labwork [276]
Answer is a hope it helps
6 0
3 years ago
What is 12% of 79 ??
Rus_ich [418]
12% Of 79 Would be 9.48. Hope this helped :)
8 0
3 years ago
Read 2 more answers
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