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
tekilochka [14]
3 years ago
6

You are given a choice of taking the simple interest on $100,000 invested for 2 years at a rate of 3% or the interest on $100,00

0 invested for 2 years at an interest rate of 3% compounded quarterly
Which investment as the greater amount of interest? Give the difference between the amounts of interest earned by the two investments

the investment with simple? or compound?
interest earns $___ more in interest.

(Round to the nearest cant as needed.)
Mathematics
1 answer:
valentinak56 [21]3 years ago
5 0

Answer:

Step-by-step explanation:

the simple interest formula= principal* interest rate*time

simple interest : 100000*%2*2 years

simple interest= 4000 dollars

compound quarterly : A=principal(1+r/4)^t

since it is quarterly and have 4 quarters in a year, and 8 in two years.

compound quarterly: 100000(1+0.03/4)^8=106159.88

it is better to invest with compound interest because it add 6159 dollars in two years to the investment of 100000 dollars.

the difference between the interest: 6159.88-4000=2159.88

You might be interested in
The sum of the measures of two angles is 90° one angle has a measure of 32.8° the other angle is represented by X what is the me
amid [387]

Answer:

x = 57.2

Step-by-step explanation:

Equation:

32.8 + x = 90

x = 90 - 32.8

x = 57.2

8 0
3 years ago
if the ratio of the volume of two cubes is 1 : 8 , then find the ratio of the total surface area of the two cubes​
vivado [14]

Answer:

V = L^3      where v is volume and L the length of one side

A = 6 * L^2    total area of cube with side L

A = 6 * V^2/3      area of cube expressed in V

A2 / A1 = (V2 / V1)^2/3       6 cancels

A2 / A1 = 8^2/3 = 4      ratio of areas

3 0
3 years ago
Describe all the positive integers that would make [(1/2|4] less than (1/2)7
Zielflug [23.3K]

Answer:

The only positive integers would be anything less than 3. So 1 or 2 would work

Step-by-step explanation:

If something that is already being raised to a power, gets raised to another power, those powers add up. So if it were (\frac{1}{2} ^{2} )^{2}, the exponents would add which would make it (\frac{1}{2}^{4} ).

In the case of your question, if 'n' was 2 it would be to the power of 6 making it less than to the power of. 1 could also work

5 0
2 years ago
What 6 divided by 108 long divison
Vinvika [58]

Answer: 18

Step-by-step explanation:

See the photo for work shown

5 0
3 years ago
Read 2 more answers
5
Dimas [21]

Answer:

0.150 < (Proportion of Sandy's pie) < 0.167

15% < (Percentage of Sandy's pie) < 16.7%

Step-by-step explanation:

Total percentage of pie = 100% or 1

George, Sandy, Carlos, and Michelle all ate a piece of the pie.

George ate a fraction of 0.150

Michelle ate a fraction of (1/6) = 0.167

Carlos ate a fraction of (1/7) = 0.143

The amount of pie left = 1 - 0.15 - (1/6) - (1/7) = 0.5405

And Sandy is known to eat more than two of her friends, but less than one of them.

Of the amount of pie eaten by the first 3 friends, (1/6) is the highest proportion.

Hence, it is evident that Sandy ate more than 0.143 and 0.150 (Carlos and George) but less than Michelle (0.167).

So, mathematically, the possible proportion of cake that Sandy ate is

0.150 < (Proportion of Sandy's pie) < 0.167

Hope this Helps!!!

7 0
3 years ago
Other questions:
  • Which algebraic expression is equivalent to the one below
    6·2 answers
  • Estimate the weight of 6 apples.
    12·1 answer
  • A rocket is dropping to the moons surface at a constant rate of 15 feet per second. After 2 minutes of descent the rocket is at
    9·1 answer
  • Determine if the set of ordered pairs represents a function. Explain why or why not.
    8·1 answer
  • An ice cream shop sale 75% less ice cream in December than June. 20% more ice cream is sold in July then in June. But what perce
    12·2 answers
  • A quadrilateral is _____ a trapezoid. (Always, sometimes, never)
    15·2 answers
  • What’s twelve divided by two
    10·2 answers
  • You want to purchase a house that costs $150,000. You have $30,000. Because you have good credit score you have been offered a l
    14·1 answer
  • What is 5x5 + 5 to the power of 5.
    11·2 answers
  • Using Figure A above name three obtuse angles.
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!