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
shusha [124]
3 years ago
12

Melanie invested $3800 in an account paying in interest rate of 2 3/8% compounded quarterly Sebastian invested $3800 in an accou

nt paying in interest rate of 2 3/4% compounded monthly after 16 years how much more money with Sebastian have in his account then Melanie to the nearest dollar
Mathematics
1 answer:
nekit [7.7K]3 years ago
6 0

Answer:

$317

Step-by-step explanation:

Formula for compound interest is;

A = P(1 + (r/n))^(nt)

For melanie;

P = $3800

r = 2⅜% = 0.02375

n = 12/4 = 3

t = 16 years

Thus;

A = 3800(1 + (0.02375/3))^(3 × 16))

A ≈ $5548

For Sébastien;

P = $3800

r = 2¾% = 0.0275

n = 12

t = 16

Thus;

A = 3800(1 + (0.0275/12))^(12 × 16))

A ≈ 5865

Difference between Sébastien and Melanie's final amount = $5865 - $5548 = $317

You might be interested in
Find the ratio a:b if it is givin that a/3 = b/4
wariber [46]

Answer:

Step-by-step explanation:

Cross multiply the givens

3b = 4a         Divide both sides by 4

3b/4 = a        Now divide by b

3/4 = a/b

This can be written as

3:4 :: a:b

3 0
3 years ago
For every for female students in a training class there are two men what is the ratio of female to male students
Katyanochek1 [597]

For every for female students in a training class there are two men what is the ratio of female to male students.

Answer:

1:2

5 0
4 years ago
Terry drove 228 miles in 6 hours at a constant speed. How long would it take him to drive 285 miles at the same speed
Delicious77 [7]
7.5 hours


(Terry is driving 38 mph)
7 0
3 years ago
| 0이<br>+..in simplest form​
Svetllana [295]

Answer:1

Step-by-step explanation:

The rule for zero as an exponent is that any number raised to the 0 power will always be 1

3 0
3 years ago
The graph represents the piecewise function:
Anastaziya [24]
Okay this isn’t a answer , and if I knew any of this advanced math I would help . But are these files that people are commenting even safe ??
6 0
3 years ago
Other questions:
  • Using the formula for volume of a cone, express r in terms of V, h and pi
    8·2 answers
  • Which is a reasonable first step that can be used to solve the equation 2(x + 6) = 3(x - 4) + 5? a Combine like terms, 3 and 5,
    10·2 answers
  • What is the answer to this problem ,you have to simplify
    11·2 answers
  • A building is at least 75 stories tall
    11·1 answer
  • A 12-ounce Pepsi contains 54 mg of caffeine. A can of Red Bull (8.2 oz) has 80 mg of caffeine.
    9·2 answers
  • Unit pricing
    11·1 answer
  • Show all your work for 3 4 and 5, please
    10·2 answers
  • Which is larger, 9 kilograms or 8,500 grams?
    9·2 answers
  • A division of a company has over 200200200 employees, 48\%48%48, percent of which are male. The company is going to randomly sel
    11·1 answer
  • Which of the following inequalities represents the phrase “three less than twice a number is at least negative one”.
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!