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Cloud [144]
2 years ago
6

Michael is planning to invest his 2,000 into a bank account between investment A with 8% simple interest or investment B with 6%

compound interest. He also plans to invest his money for 12 years. Which investment should be choose to get the biggest return​
Mathematics
1 answer:
Angelina_Jolie [31]2 years ago
3 0

The investment with the bigger return is investment B.

<h3>What is simple interest and compound interest?</h3>

Simple interest rate is the interest that is paid only on the principal portion of a loan. This means that the debtor does not pays interest on the interest rate already accrued. This differs from compound interest where the debt holder pays interest on the principal and the interest rate already accrued

<h3>What is the compound interest?</h3>

The formula for calculating future value:

FV = P (1 + r)^n

  • FV = Future value
  • P = Present value
  • R = interest rate
  • N = number of years

2000 x (1.06)^12 = $4024.39

Compound interest =  $4024.39 - $2000 =  $2024.39

<h3>What is the simple interest? </h3>

Simple interest = principal x time x interest rate

2000 x 0.08 x 12 = $1920

To learn more about future value, please check: brainly.com/question/18760477

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The drama club is selling tickets for a play. The profit, y, is
Goshia [24]

Answer:

80 tickets

Step-by-step explanation:

Given the profit, y, modeled by the equation, y = x^2 – 40x – 3,200, where x is the number of tickets sold, we are to find the total number of  tickets, x, that need to be sold for the drama club to break  even. To do that we will simply substitute y = 0 into the given the equation and calculate the value of x;

y = x^2 – 40x – 3,200,

0 = x^2 – 40x – 3,200,

x^2 – 40x – 3,200 = 0

x^2 – 80x  + 40x – 3,200 = 0

x(x-80)+40(x-80) = 0

(x+40)(x-80) = 0

x = -40 and x = 80

x cannot be negative

Hence the total number of  tickets, x, that need to be sold for the drama club to break  even is 80 tickets

8 0
2 years ago
Emilio has 5 bags of birdseed .Each bag has about 28 ounces of birdseed . If he divides the birdseed equally into 3 containers ,
MrMuchimi

Answer:

total ounces of birdseed = 5*28=140

number of birdseed of a container = 140/3 = 46.6666 ounces =140/3 ounces

he will put 140/3 ounces in each container


8 0
3 years ago
Are either of these linear?
sesenic [268]
The 2nd one is linear
7 0
3 years ago
Brainliest please help!
Dmitriy789 [7]

Answer:

120

Step-by-step explanation:

6 x 6 = 36

6 x 7 = 42

42/2 = 21

21 x 4 = 84

84 + 36 = 120

4 0
3 years ago
which equation represents the line that passes through the point (-2,2) and is parallel to y=1/2x + 8
Nataliya [291]
The first thing is the slope
y = 1/2 x + b is the new line. Now we must solve for b
2 = 1/2 (-2) + b
2 = -1 + b
3 = b
The new line is 
y = 1/2 x +3
5 0
2 years ago
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