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:
y=(-9/5)x-3
Step-by-step explanation:
to find m:substitute -5 in x value,-3 in c value and 6 in y value in the equation y=mx+c.then,rewrite equation by substituting value of m and c
Answer:
18
Step-by-step explanation:
The LCD of 6 and 9 is 18.
6: 6, 12, 18
9: 9, 18
Okay so the correct one would be, the 2 one, 44+y= x because X is representing how many cups she can serve.
Answer:
40 red, 48 yellow.
Step-by-step explanation:
So in your orange paint, the ratio of red paint to yellow paint is 2/3 : 4/5, we can simplify that to 2/3 (15) : 4/5 (15) ---> 10 : 12 ---> 5 : 6. So for every 5 parts of red paint, you need 6 parts of yellow paint. One part can be any amount, as long as all parts are equal. So together you need 5+6=11 parts. Lets divide 88 by 11 to get what one part is. 88/11=8, so in this case one part equals to 8 bottles. And remember you need 5 parts of red paint, so 5*8=40 bottles of red paint altogether, and 6 parts of yellow paint, so 6*8=48 bottles of yellow paint altogether to make your 88 bottles of orange pain.
Check: 40 bottles of paint + 48 bottles of paint will give you 88 bottles of paint in the end, so that is correct. 40 : 48 is also equal to 2/3 : 4/5 if you simplify them, so the ratio is also correct.
