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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

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If mark has 3 friends help him paint his garage it will take 60 minutes how long will it take if he has 4 friends help him
olga2289 [7]

Answer:

40 minutes

Step-by-step explanation:

hope this will help :)

4 0
3 years ago
You estimate that your friend is 50 inches tall. That actual height of your friend is 54 inches. Find the percent error.
exis [7]
Answer: -7.408%

Explanation: The formula for percent error is:
(experimental - theoretical) / theoretical * 100. The experimental value is 50, or your guess. The theoretical value is 54, or the actual value. The theoretical value is the value it should be.

(50-54)/54 = -.074 * 100 = -7.408%
8 0
3 years ago
How do I answer this question?
Thepotemich [5.8K]

Answer:

The total cost for 8 skiers=316 dollars

Step-by-step explanation:

Given that the expression 15n+12n+100 represents the total cost in dollars for skis,boots and a lesson for n skiers.

To simplify the given expression :

15n+12n+100=27n+100

27n=-100

Therefore n=\frac{-100}{27}

Now to find the total cost for 8 skiers.

The total cost for 8 skiers can be written as below

Put n=8 in the given expression 15n+12n+100

15(8)+12(8)+100

=120+96+100

=316

Therefore the total cost for 8 skiers is 316 dollars

The total cost for 8 skiers=316 dollars

4 0
3 years ago
Jamal is a door to door vacuum salesman. His weekly salary, S , is $250 plus $50 for each vacuum he sells. This can be written a
Aleks04 [339]

Answer:

31 vacuums

Step-by-step explanation:

1800 = 250 + 50v

1800 - 250 = 50v

50v = 1550

v = 1550 / 50

v = 31

He sold 31 vacuums.

8 0
3 years ago
19. Given that angle BFC = 58°. Angle BXG = 48° and angle CBF 22 Find () 2BGX (iv) BCG (i) 2BGF (iv) ZBFG (ii) BCF H EE 58 48° D
RoseWind [281]

The unknown angles in the cyclic quadrilateral is as follows:

∠BGX = 74° (sum of angles in a triangle)

∠BGF = 180° (opposite angles of cyclic quadrilateral are supplementary)

∠BCF = 100°(sum of angles in a triangle)

∠BCG  = 26°

∠BFG = 22°

<h3>Cyclic Quadrilateral</h3>

A cyclic quadrilateral has all its angles equal to 360 degrees. The sum of angles in a cyclic quadrilateral is equals to 360 degrees.

Let's find the missing angles as follows:

∠BGX = 180 - 48 - 58 = 74° (sum of angles in a triangle)

∠BGF = 180 - 100 = 80° (opposite angles of cyclic quadrilateral are supplementary)

∠BCF = 180 - 22 - 58 = 100°(sum of angles in a triangle)

∠BCG = 100 - 74 = 26°

∠BFG ≅ CBF = 22°(alternate angles)

learn more on angles here: brainly.com/question/19430381

6 0
2 years ago
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