What is the volume of the shape?

Assignment: Compound Interest Investigation

sukhopar [10]

To help Tyler better understand how his money will increase in an account that uses simple interest and one that uses compound interest, we are going to use two formulas: a simple interest formula for the accounts that use simple interest, and a compound interest formula for the accounts that use compound interest.
- Simple interest formula: $A=P(1+rt)$
where:
$A$ is the final investment value
$P$ is the initial investment
$r$ is the interest rate in decimal form
$t$ is number of years
- Compound interest formula: $A=P(1+ \frac{r}{n} )^{nt}$
where:
$A$ is the final investment value
$P$ is the initial investment
$r$ is the interest rate in decimal form
$t$ is he number of years
$n$ is the number of times the interest is compounded per year

1.
a. This is a compound interest account, so we are going to use our compound interest formula. We now that $P=1500$ , $t=5$ , and since the interest is compounded annually (1 time a year), $n=1$ . To find the interest rate in decimal form, we are going to divide it by 100%: $r= \frac{4}{100} =0.04$ . Now that we have all the values lets replace them in our compound interest formula:
$A=1500(1+ \frac{0.04}{1}) ^{(1)(5)}$
$A=1824.98$
We can conclude that after 5 years he will have $1824.98 in this account.
b. Here we will use our simple interest formula. We know that $P=1500$ , $t=5$ , and $r= \frac{4}{100} =0.04$ . Lets replace those values in our simple interest formula:
$A=1500(1+(0.04)(5))$
$A=1800$
We can conclude that after 5 years he will have $1800 in this account.
c. The compound interest account from point a will yield more money than the simple account one from point b. The difference between the tow amounts is $1824.98-1800=24.98$

2.
a. Here we are going to use our compound interest formula. We know that $P=2000$ , $t=1$ and $r= \frac{8}{100} =0.08$ . We also know that the interest is compounded Quaternary (4 times per year), so $n=4$ . Now that we have all our values lets replace them into our formula:
$A=2000(1+ \frac{0.08}{4} )^{(4)(1)}$
$A=2164.86$
We can conclude that after 1 year he will have $2164.86 in this account.
b. Here we are going to use our simple interest formula. We know that $P=2000$ , $t=1$ , and $r= \frac{8}{100} =0.08$ . Once again, lets replace those values in our formula:
$A=2000(1+(0.08)(1))$
$A=2160$
We can conclude that after 1 year he will have $2160 in this account.
c. The compound interest account from point a will yield more money than the simple account one from point b. The difference between the tow amounts is $2164.86-2160=4.86$

3.
a. Since Bank A offers an account with a simple interest, we are going to use our simple interest formula. From the question we know that $P=3200$ , $t=3$ , and $r= \frac{3.5}{100} =0.035$ . Now we can replace those values into our formula to get:
$A=3200(1+(0.035)(3))$
$A=3536$
Now, to find the interest earned for Bank A we are going to subtract $P$ from $A$
$InterestEarned=3536-3200=336$
We can conclude that the interest earned for Bank A is $336
b. Since Bank B offers an account with a compound interest, we are going to use our compound interest formula. We know that $P=3200$ , $t=3$ , $r= \frac{3.4}{100} =0.034$ , and since the interest is compounded annually (1 time a year), $n=1$ . Now that we have all the values, lets replace them in our formula to get:
$A=3200(1+ \frac{0.034}{1} )^{(1)(3)}$
$A=3537.62$
Now, to find the interest earned for Bank A we are going to subtract $P$ from $A$ :
$InterestEarned=3537.62-3200=337.62$
We can conclude that the interest earned for Bank B is $337.62
c. Even tough the interest returns between the tow Banks are very similar, Bank B offers a slightly better interest over a period of time, which can make a big difference in the long run. If Tyler wants the earn more money, he definitively should deposit his money in Bank B.
d. The compound interest account from Bank B will yield more money than the simple account one from Bank A The difference between the tow amounts is $3537.62-3536=1.62$

6 0

4 years ago

You need to split it in half then multply then add

sleet_krkn [62]

Answer:

I'm pretty sure it's 97

Step-by-step explanation:

I made three shapes 2 rectangle and 1 triangle

7 0

3 years ago

Pls Help!!! i'll mark the right answer brainliest

Soloha48 [4]

Answer:

To apply the Perpendicular Bisector Theorem, the land surveyor need to identify;

The midpoint along the line connecting the two stakes

Step-by-step explanation:

The distance between the two stakes placed by the land surveyor = 500 ft.

The distance between the third stake on the perpendicular line and the line between the two stakes = 100 ft.

The perpendicular bisector theorem states that points on the perpendicular bisector to a line are of equal length to both ends of the line to which is perpendicular to

Given that all points on a perpendicular bisector are equidistant from the two end points of the line from which it is constructed, the midpoint on the line from which the perpendicular bisector is constructed is equidistant from the end points of the line and is therefore a point on the perpendicular bisector

Therefore;

The land surveyor need to identify the midpoint along the line connecting the two stakes in order to create a perpendicular bisector from which the 100 ft. location of the third stake such that it is equidistant from the other two stakes.

4 0

3 years ago

What is the value ?????

worty [1.4K]

Cos x = 15÷17
because cos is adjacent side over hypotenuse.

6 0

3 years ago

Will help you with something if u help me plsss

Black_prince [1.1K]

Answer:

21900

Step-by-step explanation:

Find 8% of 7500 (600) and multiply it by 24 (amount of months) then add that to 7500

8 0

3 years ago