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Sveta_85 [38]
3 years ago
9

A bank offers a money market account paying 4.9% interest compounded semiannually. A competing bank offers a money market accoun

t paying 4.8% interest compounded daily. Which account is the better investment?
Mathematics
1 answer:
soldier1979 [14.2K]3 years ago
4 0
Assume $1000 at 4.9% semi-annually = <span>$1,049.60
Assume $1000 at 4.8% daily = </span><span> $1,049.17

Let's try a bigger number $50'000 </span>4.9% semi-annually<span> $52,480.01
</span>                                           $50,000 4.8% daily = <span>             $52,458.37
It's a wash, the question is how long will you be investing, that might make a difference. I calculated 12 Millions over 6 years and bank A would be the better choice. Semi-annual compounded at 4.9%</span>
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babymother [125]

Answer:

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* Lets revise the reflection and the rotation of a point

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∴ Its image is (x , -y)

- If point (x , y) reflected across the y-axis

∴ Its image is (-x , y)

- If point (x , y) rotated about the origin by angle 90° counter clockwise

∴ Its image is (-y , x)

- If point (x , y) rotated about the origin by angle 90° clockwise

∴ Its image is (y , -x)

- If point (x , y) rotated about the origin by angle 180°

∴ Its image is (-x , -y)

* There is no difference between rotating 180° clockwise or  

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- In our problem

# The vertices of the original figure are:

  P(1 , -3) , Q (3 , -2) , R (3 ,-3) , S (2 , -4)

# The vertices of the image are:

  P' (-3 , 1) , Q' (-2 , 3) , R' (-3 , 3) , S' (-4 , 2)

∵ x and y are switched

∴ The figure is rotated about origin by 90°

∵ The signs of the x-coordinates and the y-coordinates

   didn't change

∴ The rotation is followed by reflection, to know about which

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∵ P (1 , -3) ⇒ after rotation 90° counter clockwise is (3 , 1)

∵ Q (3 , -2) ⇒ after rotation 90° counter clockwise is (2 , 3)

∵ R (3 , -3) ⇒ after rotation 90° counter clockwise is (3 , 3)

∵ S (2 , -4) ⇒ after rotation 90° counter clockwise is (4 , 2)

* The images are P' (-3 , 1) , Q' (-2 , 3) , R' (-3 , 3) , S' (-4 , 2)

- The sign of x-coordinates of all of them changed

∴ The rotation followed by reflection over the y-axis

* The answer is ⇒ Counterclockwise rotation about the origin

  by 90° followed by reflection over the Y-axis

7 0
3 years ago
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