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Gemiola [76]
3 years ago
6

10.Adrienne is going to deposit $8,500 in an account that earns 2.5% interest for 360 months. How much more interest will she ea

rn if the account earns annual compound interest rather than annual simple interest?
Mathematics
1 answer:
suter [353]3 years ago
6 0

Answer:

Difference= $3,090.15 in favor of compounded interest

Step-by-step explanation:

Giving the following information:

Present value (PV)= $8,500

Ineterest (i)= 0.025/12= 0.00208

Number of periods (n)= 360 months

<u>We will calculate the future value of each option and determine the difference:</u>

<u>Simple interest:</u>

FV= (PV*i*n) + PV

FV= (8,500*0.00208*360) + 8,500

FV= $14,864.8

<u>Compounded interest:</u>

FV= PV*(1+i)^n

FV= 8,500*(1.00208^360)

FV= $17,958.95

Difference= $3,090.15

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DedPeter [7]
<span>-9 divided by 5/8 equals
-9 / (5/8) <---</span><span>Turn the second </span>fraction<span> upside down, then multiply.

= -9 * 8/5
= -72/5
= -14 2/5
= -14.4</span>
4 0
3 years ago
Find the proper answer
Temka [501]
I think the answer is C
8 0
3 years ago
A weather report said there is a 60% chance of rain on Monday, and a 30% chance of rain on Tuesday. Based on the report, what is
sergey [27]

Answer:

The answer is 18 percent, or 9/50.

Step-by-step explanation:

We first convert the chance of rain on Monday into a fraction.

60%=60/100=3/5.

We then convert the chance of rain on Tuesday into a fraction.

30%=30/100=3/10.

Because the two events are independent(i.e. If it rains on Tuesday doesn't depend on if it rains on Monday) we multiply them together to get the probability they both happen. That chance is:

3/5 * 3/10=(3*3)/(5*10)=9/50(fraction form)=18/100=18%(percent form)

5 0
2 years ago
Find the measure of the reference angle for an 11 radian<br> radian angle.
Vesnalui [34]

Answer:

  about 1.56637 radians ≈ 89.746°

Step-by-step explanation:

The reference angle in radians can be found by the formula ...

  ref angle = min(mod(θ, π), π -mod(θ, π))

Equivalently, it is ...

  ref angle = min(ceiling(θ/π) -θ/π, θ/π -floor(θ/π))×π

<h3>Application</h3>

When we divide 11 radians by π, the result is about 3.501409. The fractional part of this quotient is more than 1/2, so the reference angle will be ...

  ref angle = (1 -0.501409)π radians ≈ 1.56637 radians ≈ 89.746°

__

<em>Additional comment</em>

For calculations such as this, you need to use the most accurate value of pi available. The approximations 22/7 or 3.14 are not sufficiently accurate to give good results.

4 0
2 years ago
Help me please!
olga nikolaevna [1]

Answer:

B

Step-by-step explanation:

Well you can get rid of c and d since 9^2 = 81. so 74 is less than 81 so it's definitely less than 9. Now, we know it's between 8 and 9. try multiplying 8.5 x 8.5 = 72.25. So our ranges are

A) 64 - 72.25

B) 72.25 - 81.

74 falls between 72.25 - 81. So it'll be B

3 0
3 years ago
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