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BartSMP [9]
2 years ago
12

Daniel invests $10,000 in a savings account that pays 1.5% simple interest. How much will be in the

Mathematics
1 answer:
lana [24]2 years ago
8 0
I don’t know sorry but someone else could know ask again
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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
valentinak56 [21]

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

5 0
3 years ago
Find the slope of the passing line through the points (5,-8) and (2,-3)
Hatshy [7]

Answer:

-5/3

Step-by-step explanation:

-8--3=-5

5-2=3

4 0
2 years ago
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4. Suppose Tyler sprayed around the house for ants. Which formula would be used to find the number of ants still alive after a c
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I think that the answer is A.

Step-by-step explanation:

6 0
2 years ago
John Gray bought a basic car for $32,750.00, with options that cost $375.00. There's a 6% sales tax in his state and a combined
Andreas93 [3]
$32,750 + $375 = 33125
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A. $35,162.50
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2 years ago
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Price=42.50+(42.50×0.10)=46.75
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3 years ago
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