Gareth has $2,000 to invest. Putting the money in a savings account at his local bank will earn him 2.2% annual interest.
Interest earned in local bank = 2000 * 22.2% = 2000 * 0.022 = 44
Putting the money in an online savings account will earn him 4.85% annual interest
Interest earned in online account = 2000 * 4.85% = 2000 * 0.0485 = 97
He will be charged $3 every time he makes an ATM withdrawal.
In online account, the interest is 97 . If he withdraws 18 times then
Total ATM fee is 18 * 3= 54 . so 97 - 54 = 43
43 is lower than 44 that is interest of local account.
Therefore, 18 ATM withdrawals make local savings account to be a better deal than the online savings account every year.
Answer: They were not correct it was bigger by 2.5 so the people were wrong
Answer:
8 units squared.
Step-by-step explanation:
Assuming the numbers are the length and width, we can use the formula for finding the area of the rectangle.
The area should be eight units squared.
Answer
$960
Explanation
1,200 × 20 ÷ 100 = 240
1,200 - 240 = 960
