Answer:
Bank A
Step-by-step explanation:
We find the Simple Interest for each Bank
Bank A
A savings account at bank A earns 5%
simple interest.
Where
P = $5,000.00
R = 5%
T = 2 years
Compound quarterly = 4
First, convert R percent to r a decimal
r = R/100
r = 5%/100
r = 0.05 per year,
Then, solve our equation for A
A = P(1 + r/n)^nt
A = 5,000.00(1 + 0.0125/4)(4)(2)
A = $ 5,522.43
A = P + I where
P (principal) = $ 5,000.00
I (interest) = $ 522.43
For Bank B
P = $5,000.00
R = 4%
T = 2 years
Compound quarterly = 4
First, convert R percent to r a decimal
r = R/100
r = 4%/100
r = 0.04 per year,
Then, solve our equation for A
A = P(1 + r/n)nt
A = 5,000.00(1 + 0.01/4)(4)(2)
A = $ 5,414.28
A = $ 5,414.28
A = P + I where
P (principal) = $ 5,000.00
I (interest) = $ 414.28
Therefore, the bank that would give Gabriel more interest is Bank A
Answer:
I think you want the value of p. So it is 12.
13x = 8x + 10
5x = 10
x = 2
AM = 13(2) = 26
Since AM is half of AB,
AB = 26+26 = 52
AB = 52
Answer:
x > 1 4/5
Step-by-step explanation:
2/3 x-1/5 > 1
Add 1/5 to each side
2/3 x-1/5+1/5 > 1+1/5
Get a common denominator
2/3 x > 5/5 +1/5
2/3x > 6/5
Multiply each side by 3/2
3/2* 2/3x > 6/5 *3/2
x > 18/10
x > 1 8/10
x > 1 4/5
