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steposvetlana [31]
3 years ago
14

Jaylen will deposit $1,750 in an account that earns 6% simple interest every year. His best friend, Eli, will deposit $1,600 in

an account that earns 8.5% interest compounded annually. The deposit will be made on the same day, and no additional money will be deposited or withdrawn from the accounts. Compare and contrast the two friends’ account after 5 years
Mathematics
1 answer:
Novay_Z [31]3 years ago
6 0

Answer:

Jaylen- 2275

Eli- 2405.85

Jaylen

1750 x 0.06 x 5 =525

525 + 1750 = 2275

He makes 525 simple interest in those 5 years so you add that to the initial amount, to find his total after 5 years.

Eli

A= 1600(1+0.085)^5

1600(1.085)^5

2405.85

Hope this helps ^-^

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What is the quotient?<br><br> Negative 4 and one-third divided by negative three-fourths
maksim [4K]
First change the mixed fraction to an improper fraction.
-4 1/3 is -13/3 and
Then divide by -3/4. *Remember dividing by a fraction is really multiplying by its inverse.

So
-13/3 ➗-3/4 is
-13/3 ✖️-4/3= 52/9 ( note negative ✖️negative = positive)
52/9 simplified becomes 5 7/9
7 0
4 years ago
Nathan invested $3,500 in an account paying an interest rate of 3.5% compounded
Gnom [1K]

Answer:

\text{Compounded Quarterly:}

Compounded Quarterly:

A=P\left(1+\frac{r}{n}\right)^{nt}

A=P(1+  

n

r

​  

)  

nt

 

Compound interest formula

P=3500\hspace{35px}r=0.035\hspace{35px}t=19\hspace{35px}n=4

P=3500r=0.035t=19n=4

Given values

A=3500\left(1+\frac{0.035}{4}\right)^{4(19)}

A=3500(1+  

4

0.035

​  

)  

4(19)

 

Plug in values

A=3500(1.00875)^{76}

A=3500(1.00875)  

76

 

Simplify

A=6786.05963486

A=6786.05963486

Use calculator

A\approx 6800

<h2>A≈6800</h2>

Step-by-step explanation:

3 0
4 years ago
Mattie Evans drove 350 miles in the same amount of time that it took a turbopropeller plane to travel 1350 miles. The speed of t
Murljashka [212]

let

d1 = 250 mi the distance that Mattie Evans drove

v1 = the speed of Mattie Evans

d2 = 1300 mi the distance the plane traveled

v2 = the speed of the plane

The speed of the plane was 190 mph faster than the speed of the car:

v2 = v1 + 190

since time = distance/speed and they both traveled the same time we have

d1/v1 = d2/v2

250/v1 = 1300/v2 cross multiply

250v2 = 1300v1 divid eboth sides by 50

5v2 = 26v1

by solving the system of equations:

v2 = v1 + 190

5v2 = 26v1

we find

v1 = 45.24 mph

v2 = 235.24 mph

6 0
3 years ago
Read 2 more answers
HELLLLP (will mark brainiest)
Zigmanuir [339]

Answer:

We put the value of the x in the formula

{4 \times }(6)^{2}  - 7 \times 6 + 12

f(6)=

4 \times 36 - 7 \times 6 + 12 = 144 - 42 + 12 = 102 + 12 = 114

Step-by-step explanation:

Than solve equation.

6 0
3 years ago
Read 2 more answers
If last year, nadia earned $31,025. of that amount, she spent $3612.59 on food. what percent of her income went to food, to the
Free_Kalibri [48]

First make an equation
x% of 31,025= 3612.59

Then isolate x by dividing both sides by 31,025

x= 3612.59÷31,025

Divide to get your answer

x= .116

Last make you answer a percent and round

x= 11.6%

8 0
4 years ago
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