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notka56 [123]
3 years ago
14

Bank A is lending money at 6.4% interest compounded annually. The rate at Bank B is 6.3% compounded monthly, and the rate at Ban

k C is 6.35% compounded daily. Determine the amount of interest you would earn at each bank if you invest $1500 for 12 months.Which bank will you pay the least amount?
Mathematics
1 answer:
Ad libitum [116K]3 years ago
8 0

Answer:

$1596

$1597.28

$1598.33

bank A

Step-by-step explanation:

The formula for calculating compound interest:

FV = P (1 + r/m)^mn

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

m = number of compounding

Bank A = $1500(1.064) = $1596

Bank B = $1500( 1 + 0.063/12)^12 = 1597.28

Bank C = $1500( 1 + 0.0635/365)^365 = $1598.33

Bank A pays the least amount of interest

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HELP FIRST TO ANSWER ALL IS BRAINLEIST!!!!!!!!!​
andreev551 [17]

Answer:

1. D) 1 9/20

2. B) 7/12

4. D) $50.00

Step-by-step explanation:

The working is as follows :

1. Mrs. Lang bought 3/4 pound of red grapes and 7/10 pound of green grapes. To find out how many are in total we have to add both values total.

3/4 + 7/10

The LCM of 4 and 10 is 20.

3/4 * 5 = 15/20

7/10 * 2 = 14/20

15/20 + 14/20 = 29/20 = 1 9/20

2. 1/3 + 1/4

The LCM of 3 and 4 is 12

1/3 * 4 = 4/12

1/4 * 3 = 3/12

4/12 + 3/12 = 7/12

4. Sharon spent 2/3 of her clothing allowance; she was given $75. All we have to do is find 2/3 of $25 :

2/3 * $75 = $50.00

4 0
3 years ago
I Need Assistance With These
Svetlanka [38]

Answer:

<u>1. 40.97    2. 52.93    3. 32.00  4. 26.00 </u>

Step-by-step explanation:

remember that area =1/2 * b * h so to find base, you can make it the subject of formula i.e

b =area *h/2

or in the caseof h you can do

h= area * b/2

4 0
3 years ago
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If θ is in standard position and -180° &lt; θ &lt;-90°, then θ terminates in Quadrant _____.
Murljashka [212]
The answer is: A
Cause I had this test before and I aced it ;)
6 0
3 years ago
3:
Klio2033 [76]
M=e/c2

U just divide e=mc2 by c2 on both sides to isolate m
3 0
3 years ago
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How many roots does this has?<br>x^2+(2√5x)+2x=-10​<br>find Discriminant
Alexxandr [17]

Given:

The equation is

x^2+(2\sqrt{5})+2x=-10

To find:

The number of roots and discriminant of the given equation.

Solution:

We have,

x^2+(2\sqrt{5})x+2x=-10

The highest degree of given equation is 2. So, the number of roots is also 2.

It can be written as

x^2+(2\sqrt{5}+2)x+10=0

Here, a=1, b=(2\sqrt{5}+2), c=10.

Discriminant of the given equation is

D=b^2-4ac

D=(2\sqrt{5}+2)^2-4(1)(10)

D=20+8\sqrt{5}+4-40

D=8\sqrt{5}-16

D\approx 1.89>0

Since discriminant is 8\sqrt{5}-16\approx 1.89, which is greater than 0, therefore, the given equation has two distinct real roots.

3 0
3 years ago
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