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Minchanka [31]
3 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]3 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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enot [183]
Remark
All Cavaliere's principle says is that a slanted cylinder (for example) has the same volume as a cylinder with perpendicular parallel lines that the cylinder is sitting on.

I little known or maybe not a well emphasized fact is that the base is the same all the way up the cylinder. The coin picture below shows that. The basic formula for a Cavaliere cylinder is the same as for an ordinary cylinder.

See picture below

Formula
V = B * H 

Sub and Solve
V = 1024
r = 8
p=3.14

V = pi*r^2 * h
1024 = 3.14*8^2 * h    combine the right side.
1024 = 3.14*64 *h       
1024 = 200.96 * h       divide by 200.96
1024/200.96 = h
You are only getting 5 inches.

None of your answers work.The conversion to meters is going to give you an even smaller number. If you add a comment, I'll come back and edit this question.

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Step-by-step explanation:

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The answer is
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