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3 years ago

Mrs baxter deposits 2,000

Mathematics

2 answers:

konstantin123 [22]3 years ago

4 0

The answer is 5,000. the person above me is right! just wanted to reassure you

bogdanovich [222]3 years ago

3 0

Answer: Good for her, thats a lot of money

Step-by-step explanation:

If the question is:

Mrs.baxter deposits 2000 into an account that earns 5% simple interest how much is mrs baxters investment worth after 8 years

the the answer is:

$5000

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Help plzzz thank you !

VashaNatasha [74]

Answer:

a. Ameribank-$15,157.50

b. Capital Two-$4,646.25

Step-by-step explanation:

a. Tad's savings is $15,000, we calculate his total amount at the end of the year for each bank:

#Ameribank

$A=P+I=P+PRT\\\\=15000+15000\times 0.0105\times 1\\\\=\$15,157.50$

#Huffington( we use the effective rate to calculate the compound amount):

$i_m=(1+i/m)^m-1\\\\=(1+0.0095/12)^[12}-1=0.009541\\\\A=P(1+i_m)^n\\\\=15000(1.009541)^1\\\\=\$15,143.12$

#Sixth-Third, Take 1 yrs=52 weeks:

$i_m=(1+i/m)^m-1\\\\=(1+0.01/52)^{52}-1=0.01005\\\\A=15000(1.01005)^1\\\\=\$15,150.74$

#Hence, Ameribank is the best option as his money grows to $15,157.50 which is greater than all the remaining two options.

b. We use the compound interest formula $A=P(1+r/n)^{nt}$ to determine which bank gives the best option:

#Capital Two. r=3.75%, n=12,t=4

$A=P(1+r/n)^{nt}\\\\=4000(1+0.0375/12)^{12\times4}\\\\=\$4,646.25$

#J.C Morgan, t=2, r=3.55% n=12

$A=P(1+r/n)^{nt}\\\\=4000(1+0.0355/12)^{12\times 2}\\\\=\$4,293.87$

#Silverman Slacks, n=12,t=3, r=3.65%

$A=P(1+r/n)^{nt}\\\\=4000(1+0.0365/12)^{12\times3}\\\\=\$4,462.14$

We compare the investment amounts after t years:

$Capital>Silver>Morgan=4646.25>4462.14>4293.87$

Hence, Capital two is the best option with an investment amount of $4,646.25

8 0

3 years ago

Read 2 more answers

50,000 contestants participate in an on-line game. The game randomly eliminates 20% of the contestants each day. Determine the n

irga5000 [103]

Answer:10,486 contestants

Step-by-step explanation:

First day:

Total number of contestants at the beginning = 50,000

After first day, 20% 0f 50,000 are removed.

That is, (20/100)×50,000 = 10,000

Contestants remaining after first day = 50,000-10,000 = 40,000

Second day:

Contestants= 40,000

20% removed

That is (20/100)×40000=8000

Balance =40000-8000=32,000

Third day:

Contestants= 32000

20% removed

That is (20/100)×32000=6400

Balance =32000-6400=25,600

Fouth day:

Contestants= 25,600

20% removed

That is (20/100)×25,600=5,120

Balance =25,600-5,120=20,480

Fifth day:

Contestants= 20,480

20% removed

That is (20/100)×20,480=4096

Balance =20,480-4096=16,384

Sixth day:

Contestants= 16,384

20% removed

That is (20/100)×16,384=3276.8

Balance =16,384-3276.8=13,107.2

Seventh day:

Contestants= 13,107.2

20% removed

That is (20/100)×13,107.2=2621.44

Balance =13107.2-2621.44=10485.76

Therefore, number of contestants remaining after one week equals 10,486.

6 0

3 years ago

Which estimate (rounding to the nearest ten thousand or meet at thousand) is more accurate

wel

Rounding to the nearest thousand
for example, if the number is 104001. ten thousand would be 100000 while rounding to the nearest thousand would be 104000. accurate means closer to the correct answer, and the one rounded to the nearest thousand, 104000 is closer to the correct answer 104001 than the one rounded to ten thousand

7 0

3 years ago

Read 2 more answers

PLS DO TODAY :) 50 points and brainleist.

inysia [295]

Answer:

I had to repost my answer because i got deleted from some reason

Step-by-step explanation:

Download pdf

6 0

2 years ago

Please give an explanation or show your work!