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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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victus00 [196]

Answer:

z=3.3 repeating

Step-by-step explanation:

Move all terms that don't contain  z  to the right side and solve.

7 0
3 years ago
Write the first five terms of the sequence in which the nth term is an = (n+3)!/n+3
Katarina [22]

Answer:

the first five terms are

a1 = 6

a2 = 24

a3 = 60

a4 = 120

a5 = 210

Step-by-step explanation:

the experission used to find the five terms is

an = n3+ 3n2+ 2n

7 0
3 years ago
A rectangle has an area of 20 square units what can be said if it's height and width
Butoxors [25]
The height could be 2 and the width 10 or the height could be 10 and the width could be 2. 
4 0
3 years ago
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PLS HURRY Point S is translated 5 units to the left and 12 units up to create point S'. Find the distance between point S and po
svet-max [94.6K]

Given:

Point S is translated 5 units to the left and 12 units up to create point S'.

To find:

The distance between the points S and S'.

Solution:

Point S is translated 5 units to the left and 12 units up to create point S'.

The diagram for the given problem is shown below.

From the below figure it is clear that the distance between the point S and S' is the height of a right triangle whose legs are 5 units and 12 units.

By Pythagoras theorem,

Hypotenuse^2=Perpendicular^2+Base^2

SS'^2=(12)^2+(5)^2

SS'^2=144+25

SS'^2=169

Taking square root on both sides.

SS'=\sqrt{169}

SS'=13

Therefore, the distance between S and S' is 13 units.

8 0
3 years ago
You clean a community park for 6.5 hours. You earn $42.25. How much do you earn per hour
kvv77 [185]

Well you divide $42.25 by 6.5 and you’ll get your hourly pay which is $6.25

4 0
3 years ago
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