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Minchanka [31]
2 years ago
9

Joseph is a friend of yours. He has plenty of money but little financial sense. He received a gift of $12,000 for his recent gra

duation and is looking for a bank in which to deposit the funds. Partners' Savings Bank offers an account with an annual interest rate of 3% compounded semiannually, while Selwyn's offers an account with a 2.75% annual interest rate compounded continuously. Calculate the value of the two accounts at the end of one year, and recommend to Joseph which account he should choose.
Mathematics
1 answer:
Nata [24]2 years ago
5 0

Answer:

The value for partners savings bank at the end of 1 year is $12,362.70. The value for Selwyn's at the end of 1 year is $12,334.58. The future value obtained by investing in Partners Saving Bank is more as compared to Selwyn’s Saving Bank. Hence Joseph is recommended to choose Partners Saving Bank.

Step-by-step explanation:

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abruzzese [7]

Answer:

41.472 m²

8.449m²

Step-by-step explanation:

c) scale facot is 7.2/5 = 1.44

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5 0
2 years ago
How many times greater is the value of the 4 in 640,700 than the value of the 4 in 67,040
Dafna1 [17]
640,700 :- the four in this number is 40,000
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Now, we need to find out how many times greater 40,000 is than 40.

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6 0
3 years ago
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Which rational number does not have a reciprocal
Dmitriy789 [7]

Answer:

the rational numbers that doesn’t have a reciprocal are [math]0 [/math] (which can also be expressed as [math]\frac {0} {x}, x \neq 0 [/math] ), and any number of the form [math]\frac {x} {0} [/math].

Step-by-step explanation:

8 0
3 years ago
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mezya [45]

Answer:

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Step-by-step explanation:

i just used calculator

8 0
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Nat2105 [25]
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ANSWER: Since the exact answer is the mixed number 7 7/8, a reasonable estimate is 8.

Hope this helps! :)
5 0
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