Classmates Joan, Peta, and Linda each received $400 as graduation gift. Joan deposits her money in an account that earns 7% inte
rest compounded annually and keeps the money in the account for three years. Peta deposits her money, plus an extra $70, in an account that earns 8% interest compounded annually and keeps the money in the account for two years. Linda deposits her money in an account that earns 5% compounded'annually and keeps the money in the account for one year. Who has more money when they close their accounts and why?
A) Joan, because she kept her money in the longest. B) Linda, because of her interest rate. C) Peta, because she invests the most. D) They all make the same amount.
The additional $70 that Peta invests is equivalent to more than 2 years' interest at either of the other rates. Not only does Peta invest more money, she does so at a higher interest rate.
Peta will have the most money in her account when she closes it.
It is a good sampling method because it will show a varied amount of hours per person. Not everyone works at the same business so they will all be different. If he was to survey everyone in the high school then he would have an even MORE varied chart of hours each person works.
Since the distance is 560 miles and the bus goes 268 miles per hour, the answer can be given as: If 268=1 hour 560=? 560/268*1 hour =2(rounded to nearest ones) Therefore it will take the train approximately 2 hours to travel between both cities.
