Emily and her twin sister Erica were each given $500 for their birthday. Emily deposits her money in an account that pays 4.75%
interest compounded annually. Erica deposits her money in a 5% simple annual interest account. After 10 years how much more money will Emily have in her account?
A $22.41
B $45.26
C $250.00
D $295.26
A $22.41
B $45.26
C $250.00
D $295.26
1 answer:
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Answer:
P = $300
r = 0.15
n = 12
$544.61 (to the nearest cent)
$524.70 (to the nearest cent)
Step-by-step explanation:
P = principal amount = $300
r = annual interest rate in decimal form = 15% = 15/100 = 0.15
n = number of times interest is compounded per unit t = 12
<u>How much she'll owe in 4 years</u>
P = 300
r = 0.15
n = 12
t = 4
= $544.61 (to the nearest cent)
<u>Yearly compounding interest rate</u>
<u>How much she'll owe in 4 years at yearly compounding interest</u>
= $524.70 (to the nearest cent)
Hello there.
Question: <span>If you drew a marble from a bag containing 24 marbles and you had a 1/3 probability of drawing a red marble, How many red marbles are in the bag?
Answer: 1/3 is just a simplified version of the original fraction.
To find this out, get the denominator to the total of 24.
24 / 3 = 8.
You multiply the bottom by 8 therefore you need to do the same to the top.
In short, Your answer is </span>
.
The number of red marbles is 8.
Hope This Helps You!
Good Luck Studying ^-^
Question: <span>If you drew a marble from a bag containing 24 marbles and you had a 1/3 probability of drawing a red marble, How many red marbles are in the bag?
Answer: 1/3 is just a simplified version of the original fraction.
To find this out, get the denominator to the total of 24.
24 / 3 = 8.
You multiply the bottom by 8 therefore you need to do the same to the top.
In short, Your answer is </span>
The number of red marbles is 8.
Hope This Helps You!
Good Luck Studying ^-^