Deposit $625 into a money market account with a 5% rate for 1 year would result in more money.
<h3>The interest rate of the bank</h3>
To do this, we make use of 1.50% interest rate
<h3>The exponential
growth equation</h3>
Here, we have:
Initial, a= 625
Rate, r = 1.5%
The exponential growth equation is
A(t) = a * (1 + r)^t
So, we have:
A(t) = 625 * (1 + 1.5%)^t
Evaluate
A(t) = 625 * 1.015^t
Hence, the exponential growth equation is A(t) = 625 * 1.015^t
<h3>The
value in 25 years</h3>
Here, t = 25.
So, we have:
A(25) = 625 * 1.015^25
Evaluate
A(25) = 906.84
Hence, the value in 25 years is $906.84
<h3>The investment with more money</h3>
<u>#Investment A</u>
a = 625
r = 1.5%
t = 5
So, we have:
A(5) = 625 * 1.015^5
Evaluate
A(5) = 673.3
<u>#Investment B</u>
a = 625
r = 5%
t = 1
So, we have:
A(1) = 625 * 1.5^1
Evaluate
A(1) = 937.5
By comparison, 937.5 is greater than 673.3
Hence, deposit $625 into a money market account with a 5% rate for 1 year would result in more money.
Read more about exponential growth equation at:
brainly.com/question/23729449
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Answer:
Peytons car travels 14.8 miles less than Madeline's car in with one gallon
Step-by-step explanation:
peytons car uses 1 gal to travel 22.1 miles and Madeline's care uses 1 gal to travel 36.9. 36.9-22.1 = 14.8
ta da
Answer:
alternate exterior angle
Step-by-step explanation:
the angles are on the opposite side and on the exterior of the transversal. One is on the top side of the exterior and the twelve is on the bottom side of the exterior so thats why its an exterior angle. The reason why it is alternate is because its on opposite sides of the lines
Answer:
1,500,000 gallons
Step-by-step explanation:
In this question, we are to calculate the total volume of the aquarium after installing a new dolphin tank.
Mathematically, to calculate this, we simply need to add the the volume of the new dolphin tank to the volume of the things in the aquarium before bringing the dolphin tank.
The volume of all the things in the aquarium before installing the dolphin tank is 1.25 * 10^6 = 1,250,000 gallons
now let’s add the volume of the dolphin tank which is 250,000 gallons
that would be 1,250,000 + 250,000 = 1,500,000 gallons or 1.5 * 10^6 gallons
