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Vera_Pavlovna [14]
2 years ago
6

A youth group earns $600 for charity and decides to put it in a bank. Calculate the amount of money the group will have for each

scenario.
Part A chase bank pays simple interest at 5% and the group leaves the money for 5 years
part B witney bank pays an interest rate of 4% compounded annually and the group leaves the money for 6 years
Mathematics
1 answer:
igomit [66]2 years ago
4 0

Based on the types of compounding and the interest rates, the following are true:

  • Part A - The group will have $750
  • Part B - The group will have $759.19

When using simple interest, the amount the group will have is:

<em>= Amount x ( 1 + rate x number of years )</em>

= 600 x ( 1 + 5% x 5)

= $750

When using compound interest, the group will have:

<em>= Amount x ( 1 + rate) ^ Number of years</em>

= 600 x ( 1 + 4%)⁶

= $759.19

In conclusion, compound interest yields more.

<em>Find out more about </em><em>compound interest </em><em>at brainly.com/question/25263325. </em>

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Population management is essential for development justify the statement​
olya-2409 [2.1K]

Answer:

Population management is important due to the fact that humans rely on different types of animals for food that if we populate to much that we could all run out of food because say if there are 30 humans and 5 pigs even if they both multiply there well still not be enough in the long run. Which throws the balance over nature off. So if we keep on populating we are practically killing are selves, population management is essential if you do not want the human race to die out.

Step-by-step explanation:

3 0
3 years ago
Q1: Payments of $ 670 are being made at the end of each month for 5 years at an interest of 8% compounded monthly. Calculate the
pishuonlain [190]

Answer:

1. $361800

Step-by-step explanation:

Given,

principle balance=$670

interest rate=8%

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

A= Final amount

P= initial Principal balance

r= interest rate

n= number of times interest applied per time period

t= number of times period elapsed

compound interest formula,A=670(1+\frac{8}{1})(60) )\\A=361800

Therefore the Present value is $361800

3 0
3 years ago
Read 2 more answers
Together, Aanya and Krish can wash and wax Aanya's car in 50 minutes. Alone it takes Krish ten minutes more than Aanya. To the n
Leto [7]

Answer:

95 ; 105

Step-by-step explanation:

Let :

Aanya's time = x

Krish's time = x + 10

Together = 50

Hence

Aanya's rate = 1/x

Krish's rate = 1/(x + 10)

Together rate = 1/50

Hence,

1/x + 1/(x + 10) = 1 / 50

((x + 10) + x) / x(x + 10) = 1/ 50

(2x + 10)/ x² + 10x = 1/50

50(2x + 10) = x² + 10x

100x + 500 = x² + 10x

x² + 10x - 100x - 500 = 0

x² - 90x - 500 = 0

Using the quadratic equation solver :

x = 95.24 ; x = - 5.24

Time can't be negative

Hence, x = 95 (nearest minute)

It takes Aanya 95 minutes Alone a ND

Krishna (95 + 10) = 105 minutes alone

6 0
3 years ago
The length of the rectangle is 9 inches. The area is 72 square inches. What is the width of the rectangle?
mote1985 [20]

Answer:

8

Step-by-step explanation:

Formula for area = Length times width

72 divided by 9 = 8

Double check: 9(length) x 8 (width) = 72 (area).

Width = 8 inches

Hope this helped! If it did, please give brainliest! :)

4 0
3 years ago
Without using a calculator, fill in the blanks with two consecutive integers to complete the following inequality.
S_A_V [24]
Answer:
9<sqrt(97)<10

Step-by-step explanation:
Perfect squares:
1
4
9
16
25
36
49
64
81
100
121
144
169
....so on

97 is between 81 and 100
So square root of 97 is between sqrt(81)=9 and sqrt(100)=10.

9<sqrt(97)<10
6 0
3 years ago
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