Wendy and Connor each deposit 8,300 into accounts that earn 3.5% interest for 25 years Wendy's account earns annual simple inter
1 answer:
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 = Principle, r = interest rate, t = time)
Connor = $8,300 x
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>
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Answer:
A. 183 meters
Step-by-step explanation:
Building A and building B are 500 meters apart. There is no road between them, so to drive from building A to building B, it is necessary to first drive to building C and then to building B. About how much farther is it to drive than to walk directly from building A to building B? Round to the nearest whole number. A) 183 meters B) 250 meters C) 366 meters D) 683 meters
Find distance BC
Cos (60°)=BC / AB (Adjacent divided by the hypotenuse)
Cos (60°)=1/2
BC=a
AB=500
Cos (60°)=BC / AB
1/2=a/500
1/2 * 500=a
250=a
a=250m
Find distance AC
Sin(60°)=AC/AB (opposite side divided by hypotenuse)
Sin(60°)=√3/2
AC=b
AB=500
Sin(60°)=AC/AB
√3/2=b/500
√3/2 * 500=b
250√3=b
b=433m
Distance AC and BC=AC+BC
433m+250m=683m
Subtract the distance AB from AC+BC
= 683m - 500m
=183m
Answer is A. 183 meters
