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Delicious77 [7]
3 years ago
11

Wendy and Connor each deposit 8,300 into accounts that earn 3.5% interest for 25 years Wendy's account earns annual simple inter

est sand Connor's account earns an annual compound interest who will earn more interest of 25 years and how much interest they will earn
Mathematics
1 answer:
Burka [1]3 years ago
7 0

Answer:

Connor will earn more interest because he is getting compound interest.

Step-by-step explanation:

I have to assume in this case that the interest is 3.5% Per year:

Simple Interest = P(r + t)

{P = Principle, r = interest rate, t = time)

Wendy = $8,300 x (3.5% x 25)

Wendy = $7,262.50 (2 d.p)

Wendy = $8,300 + $7,262.50

Wendy = $15,562.50

Compound Interest = P (1 +r )^{t}

{P = Principle, r = interest rate, t = time)

Connor = $8,300 x (1 + 0.035)^{25}

Connor = $19,614.93

Wendy's Interest = $15,562.50 - $8,300 = $7,262.50

Connor's interest = $ 19,614.93 - $8,300 = $11,314.93

<em><u>Connor earned more interest by $4,052.43</u></em>

<em><u /></em>

<u>___________________________________________________</u>

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Hope this helps!

PLEASE MARK AS BRAINLIEST :)

Have a good day :)))))

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Find the missing side<br> 13 ft<br> 5 ft <br> x
Scilla [17]

Answer:

Assuming you're referring to the sides of a right triangle, the missing side X would be 12.

Step-by-step explanation:

The Pythagorean Theorem states that the two legs of a right triangle squared and added together is equal to the hypotenuse squared. 13^{2} is 169, 5^{2} is 25, 169 - 25 = 144. Take the square root of 144 and you'll get 12, which is the missing side of the right triangle.

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An investor has an account with stock from two different companies. Last year, his stock in Company A was worth $1790 and his st
stiv31 [10]

Answer:

20.7%

Step-by-step explanation:

Amount of stock increased in Company A = 20% of 1790

           = 0.20 * 1790 = $ 358

Investor's stock in company A this year = 1790 + 358 = $ 2148

Amount of stock increased in Company B = 22% of 1000

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Investor's stock in company B this year = 1000 + 220 = $ 1220

Total amount in investor's stock account  = 2148 + 1220 = $ 3368

Increased amount = 3368 - 2790 = $ 578

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vladimir2022 [97]

Answer:

24 units

Step-by-step explanation:

Start by plotting on the rectangular coordinate system the four points given: (6,-3), (3,-6), (-1,-2) , and (2, 1)

Please see attached image for guidance with the answer.

These four points are represented with green dots in the image.

Notice that such rectangle can be viewed as inscribed in a larger square that is 7 units by 7 units, and on which these four points (the vertices of the rectangle) touch the square's perimeter.

So to make the calculation simple, we can find the area of the larger square (very simple to calculate since it is 7 times 7 = 49) and subtract from it the area of the four triangles that are depicted in yellow and in light green. Such result will give us the area of the rectangle (white background).

Out of the four triangles whose areas we need to extract, we notice that they are all right angle triangles with simple formulas to calculate their areas: base times height divided by 2.

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Now to calculate the area of the white rectangle we do:

Area of big square minus area of green triangles minus area of yellow triangles: 49 - 9 - 16 = 24

3 0
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