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liq [111]
2 years ago
6

Account A: $300 monthly deposits, interest rate is 4.2%. Account B: $250 monthly deposits, interest rate is 5.1%. Which account

will have a greater value at the end of 15 years?
a. Account A will be greater than Account B.





b. Account B will be greater because the interest rate is higher.





c. They will be worth about the same.





d. Not enough information.
Mathematics
1 answer:
Elan Coil [88]2 years ago
4 0

Answer:

A

Step-by-step explanation:

We have to determine the future value of the annuity to determine which account has a greater value

Future value = Amount x annuity factor

annuity factor = Annuity factor = {[(1+r)^n] - 1} / r

Account A = 300 x[ (1.042)^15 - 1 ] / 0.042 = $6097.14

Account B = 250  x[ (1.051)^15 - 1 ] / 0.051 = $5435,42

Account A will be greater

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olga55 [171]

Answer:

8 dollars per hour

Step-by-step explanation:

You make 92 a week

20 of that is from your allowance

92-20 = 72

72 is from your part time job

You work for 3 hours on Friday and 6 hours on Saturday, for a total of 3+6 = 9 hours

Take the amount of money earned and divide by the number of hours to determine the money earned per hour

72/9 = 8 dollars per hour

4 0
3 years ago
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There are 92 students in a chemistry class. The instructor must choose two students at random. Students in a Chemistry Class Aca
Sergio039 [100]

Answer:

0.0108 = 1.08% probability that a sophomore non-Chemistry major and then a junior non-Chemistry major are chosen at random.

Step-by-step explanation:

A probability is the number of desired outcomes divided by the number of total outcomes.

Probability that a sophomore non-Chemistry major

Out of 92 students, 9 are non-chemistry major sophomores. So

P(A) = \frac{9}{92}

Then a junior non-Chemistry major are chosen at random.

Now, there are 91 students(1 has been chosen), of which 10 are non-chemistry major juniors. So

P(B) = \frac{10}{91}

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0.0108 = 1.08% probability that a sophomore non-Chemistry major and then a junior non-Chemistry major are chosen at random.

8 0
3 years ago
help please i'll give brainliest if you give me the answers to all if you scam me your getting reported
LiRa [457]

Answer:

Step-by-step explanation: I just answered for you?

8 0
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There are 184 people
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Answer:

120

Step-by-step explanation:

Add more detail if it is a different question

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