1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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>

<u />

<u />

Hope this helps!

PLEASE MARK AS BRAINLIEST :)

Have a good day :)))))

You might be interested in
What is the quotient of -8(^6)/4x(^-3)
Anna [14]

For this case we must find the quotient of the following expression:

\frac {-8x ^ 6} {4x ^ {- 3}} =

By definition of power properties we have:

a ^ {- 1} = \frac {1} {a ^ 1} = \frac {1} {a}

Rewriting the expression we have:

\frac{-8}{4}*x^6*x^3

By definition of multiplication of powers of the same base we have to put the same base and add the exponents:

-2x^{6+3}

Answer:

-2x ^ 9

8 0
3 years ago
A bicyclist travels at a constant speed of 12 miles per hour for a total of 45 minutes. (Use set notation for the domain and ran
Mamont248 [21]

A bicyclist travels at a constant speed of 12 miles per hour for a total of 45 minutes.

We know the formula , Distance = speed * time

Speed is constant and it is 12. So it  is linear

The function becomes d = 12t, x is the t is the time and d is the distance

At the starting point, t=0  and distance d=0

End point , t=45 min = 0.75 hours and distance = 12 * 0.75 = 9

So domain (t) is {x|0}

Range (d) is {y|0}

5 0
3 years ago
Read 2 more answers
PLZ HELP! WILL GIVE BRAINIEST!!
Anna [14]

Answer:

i think its c idk if im wrong im sorry

Step-by-step explanation:

6 0
3 years ago
4, 11.6, 50, 23, 20.1, 19, 29, 12.7, 8, 23, 57.5 The min= The max- 015 Q2 Q3 The range The interquartile range​
earnstyle [38]
Ty for points ahaha












No jk lol I think it’s 12.7
4 0
2 years ago
What is the vertex of this equation
Virty [35]
(0,0) is the vortex for this problem
8 0
2 years ago
Read 2 more answers
Other questions:
  • -x + 1/2 = x + 41/2<br> *PLEASE SHOW WORK*
    13·1 answer
  • How do you set up and solve these inequalities-only 16-20
    13·1 answer
  • Please HElppppppppppppp meeeeeeee! I have less than 10 minutes!
    11·1 answer
  • MZFEG=6x - 7 and mZFED=2x +41 , find the mZDEG
    15·1 answer
  • 1 over 2 + 3 over 10 =?<br>​
    6·2 answers
  • Find the volume of the square pyramid with base area 49in^2 and a height of 8 inches. Round your answer to two decimal places
    9·1 answer
  • Select the correct answer.
    5·1 answer
  • Plz help me well mark brainliest if correct!!..<br> .
    10·1 answer
  • Linda scored 80% in her French test. If she received 60 marks, find the total number of marks possible for the test
    12·2 answers
  • Given the replacement set : -7 , -8 , -9 , -10 . which value of x correctly solves this equation 7.4x -2 = -61.2
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!