1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
notka56 [123]
2 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]2 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

You might be interested in
at the library, you find 9 books on a certain topic. the librarian tells you that 55% of the books on this topic have been signe
e-lub [12.9K]
Multiply 9 books by 55% by doing

9 x .55 = 4.95

We can't have 4.95 books, though so it rounds down to 4 because you can't just add another .05.
8 0
3 years ago
Evan, Claire, Jaya and Tim are running a 3km relay race.
Kruka [31]

Answer:

Tim needs to finish 59/90

Step-by-step explanation:

Add together what Evan Claire and Jaya ran  

9/10 + 7/9+ 2/3

The common denominator is 90

9/10 (9/9) +7/9 *10/10  + 2/3 *30/30

81/90 + 70/90 + 60/90

211/90

We need 3 km = 3 *90/90 = 270 /90

270/90 - 211/90 = 59/90

5 0
3 years ago
The midpoint of mn is point p at (-4,6). If point m is at (8,-2), what are the coordinates of point n?
VashaNatasha [74]
<u>x₁ + x₂</u>                             <u>y</u>₁ + <u>y</u>₂<u>
</u>     2      = M                        2     = M
<u>
x + 8</u>                                 <u>y + -2</u><u>
</u>    2    = -4                            2           =6
<u>multiply both sides by 2.

</u>x+8=-8                             y - 2 = 12
<u>x = -16</u>                             <u>y = 14
</u>
Final Answer: (-16, 14)



7 0
3 years ago
Read 2 more answers
X^2 -10x = 8 solve show work
likoan [24]

Answer:

Step-by-step explanation:

X^2-10x-8=0

Solve simultaneously

8 0
3 years ago
Read 2 more answers
Find the volume of the solid. Use 3.14 for π.​
marta [7]

Answer:

<h2><em>vol= 10366.3175in²</em></h2>

<em></em>

Step-by-step explanation:

So this is a cylinder

<h2>formula: π r²h</h2>

R= 8.75in

h=43.12in

So it will be = 3.14x8.75²x43.12

=> 3.14x76.5625x43.12

3.14x 3301.375

<h2><em>10366.3175in²</em></h2>

<em></em>

<em>i think it is correct </em>

<em>.</em>

<em>stay safe</em>

<em>.</em>

<em>have a nice TIME</em>

3 0
2 years ago
Other questions:
  • 4(-7)<br>show work please ​
    5·2 answers
  • What’s the area of a circle with the diameter of 8 feet circle
    11·1 answer
  • The price s of a pair of shoes plus 5% sales tax
    10·2 answers
  • Using the Rational Root Theorem, what are all the rational roots of the polynomial f(x) = 20x4 + x3 + 8x2 + x – 12?
    7·2 answers
  • What is the product of these binomials? (x – 6)(x + 2)
    7·2 answers
  • X - 5 + 12 + 2x = 4(8 – 11x) + 7(1 + 9x)
    5·2 answers
  • The Hendersons have just bought a home that requires some monthly yard maintenance. They are trying to decide if they should hir
    5·2 answers
  • What is the answer is Shelly read her book for 1/2 hour each afternoon for 9 days. How many hours did Shelly spend reading in al
    14·1 answer
  • The cost of 2 cups of strawberries is $6. Write an equation for the relationship between the cost and cups os strawberries
    6·2 answers
  • A rectangular garden is 29 feet long and 17 feet wide. A brick walk way with uniform width is going to be
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!