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Your grandmother gives you $1500 to invest in a savings account on your 15th birthday. The only condition is that you may NOT use it until you have graduated high school at 18. After researching savings accounts, you come up with two options.



1) A high interest savings account, with 2.5% simple interest annually or

2) A High Yield Savings account with 2% interest compounded annually.



Which account will you chose and why?

Answers

Answer 1

Answer:

Step-by-step explanation:

This is a logical question that can be d=solved thus;

To decide which decision to make,one has to calculate the amount for both methods to detrmine which is higher.

1. Using simple interest formula of ( P X R X T)/ 100

Since p  = 1500, r  = 2.5%,  T = 3

1500 x 2.5% x 3  / 100  =  1500 x 0.025 x 3 / 100

112.5 / 100 = 1.125

to find amount  = 1.125 + 1500 = 1501.25 for the three 3years.

2. Using compound interest formula of ( P ( 1 + r/n)∧nt

1 + (2%/3) ∧3(3)

1500( 0.02/3) ∧ 9

1500  x 0.006 ∧9

1500 x 2.60 = 3900

A = 3900 + 1500 = 5400

SO FROM THE ABOVE I WILL G FOR THE HIGH YIELD SAVINGS AS IT IS HIGHER THAN THE INTEREST SAVINGS

Answer 2

Given the data from the question, the best account to use is:

A high interest savings account, with 2.5% simple interest annually (Option 1)

Simply interest formula

I = PRT / 100

A = I + P

Where

I is the interest P is the principal R is the rate T is the time A is the amount after time t

Compound interest formula

A = P(1 + r/n)ⁿᵗ

Where

A is the amount after time tP is the principal r is the rate t is the time n is number of times compounded per annual

Case 1 (simple interest) Principal (P) = $ 1500Rate (R) = 2.5%Time (T) = 3 years Interest (I) =? Amount (A) =?

I = PRT / 100

I = (1500 × 2.5 × 3) / 100

I = $ 112.5

Thus

A = I + P

A = 112.5 + 1500

A = $ 1612.5

Case 2 (compound interest) Principal (P) = $ 1500Rate (R) = 2% = 0.02Time (T) = 3 years Number of time compounded annually (n) = 1Amount (A) =?

A = P(1 + r/n)ⁿᵗ

Since n = 1,

A = P(1 + r)ᵗ

A = 1500(1 + 0.02)³

A = $ 1591.8

SUMMARY

The amount at the end of 3 years using:

A High interest savings account, with 2.5% simple interest annually is $ 1612.5A High Yield Savings account with 2% interest compounded annually is $ 1591.8

Thus, the best account to use is a high interest savings account, with 2.5% simple interest annually (option 2)

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Related Questions


please help me bro please

Answers

F(5) is 3, because the graph hits 3 when the x is 5.

Write the equation in standard form for the circle with center (0, -5) and radius 2

Answers

The standard equation for a circle is '[tex](x-h)^2+(y-k)^2=r^2[/tex]

(h,k): coordinate for the center of the circle              --> (0,-5)r: radius                                                                        --> 2

      --> Standard form:

              [tex](x - )^2 +(y-(-5))^2=2^2\\x^2+(y+5)^2=4[/tex]

Hope that helps!

Answer:

x^2 + (y + 5)^2 = 4.

Step-by-step explanation:

Standard form is (x - a)^2 + (y - b)^2 = r^2

 - where (a, b) is the center and radius = r.

So our equation is:

(x - 0)^2 + (y - (-5))^2 = 2^2

x^2 + (y + 5)^2 = 4.

Find 3 ratios that are equivalent to the given ratio.
2:9

Answers

Answer:

4:18

6:27

8:36

Hope this helps! :)

What is the value of g?
130
g

Answers

Answer:

g is 50 degrees

g is a supplement of 130 so they add up to 180

Answer:

The angel G:
= 50 degrees

A straight line is 180 degrees. The is already an angel has shown that takes up the majority of the line which is 130 degrees.

180 degrees - 130 degrees = 50 degrees




Step-by-step explanation:

Have a great rest of your day
#TheWizzer

Identify the center and the radius of a circle that has a diameter with endpoints at (−5, 9) and (3, 5)

Answers

Check the picture below, so the circle looks more or less like that one.

well, the center of it is simply the Midpoint of those two points, and its radius is simply half-the-distance between them.

[tex]~~~~~~~~~~~~\textit{middle point of 2 points } \\\\ (\stackrel{x_1}{-5}~,~\stackrel{y_1}{9})\qquad (\stackrel{x_2}{3}~,~\stackrel{y_2}{5}) \qquad \left(\cfrac{ x_2 + x_1}{2}~~~ ,~~~ \cfrac{ y_2 + y_1}{2} \right) \\\\\\ \left(\cfrac{ 3 -5}{2}~~~ ,~~~ \cfrac{ 5 + 9}{2} \right)\implies \left( \cfrac{-2}{2}~~,~~\cfrac{14}{2} \right)\implies \stackrel{center}{(-1~~,~~7)} \\\\[-0.35em] ~\dotfill[/tex]

[tex]~~~~~~~~~~~~\textit{distance between 2 points} \\\\ (\stackrel{x_1}{-5}~,~\stackrel{y_1}{9})\qquad (\stackrel{x_2}{3}~,~\stackrel{y_2}{5})\qquad \qquad d = \sqrt{( x_2- x_1)^2 + ( y_2- y_1)^2} \\\\\\ \stackrel{diameter}{d}=\sqrt{[3 - (-5)]^2 + [5 - 9]^2}\implies d=\sqrt{(3+5)^2+(-4)^2} \\\\\\ d=\sqrt{8^2+16}\implies d=\sqrt{80}\implies d=4\sqrt{5}~\hfill \stackrel{\textit{half the diameter}}{\cfrac{4\sqrt{5}}{2}\implies \underset{radius}{2\sqrt{5}}}[/tex]

Indicate whether the two functions are equal. If the two functions are not equal, then give an element of the domain on which the two functions have different values

Answers

The function f(x) = x² and g(x) = |x|² are the same since they both give a positive value.

How to interpret the function?

From the complete information, it should be noted that the function f(x) = x² and g(x) = |x|² are the same since they both give a positive value.

Also, f(x) = x³ and g(x) = |x|³ are not equal. This is because both functions are not equal for x < 0. This can be illustrated when x = -1. In this case, f(x) = -1 and g(x) = 1.

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The function f(x) = x² and g(x) = |x|² are the same since they both give a positive value.

What is the equality of the two functions?

Two functions are equal if they have the same domain and codomain and their values are the same for all elements of the domain.

The function f(x) = x² and g(x) = |x|² are the same since they both give a positive value.

Also, f(x) = x³ and g(x) = |x|³ are not equal.

This is because both functions are not equal for x < 0.

This can be illustrated when x = -1. In this case, f(x) = -1 and g(x) = 1.

Hence, the function f(x) = x² and g(x) = |x|² are the same since they both give a positive value.

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#SPJ4

Kalel says that 24 divided by 5 equals 36 divided by 8 because both are "4R4". Show his mistake using decimal division.

Answers

Answer: 24/5=4.8  36/8=4.5

Step-by-step explanation: First, let's start off by dividing 24 by 5. We can turn this into 24.0 divided by 5 to make it a bit simpler. We know that 240 by 5 = 48, then since there is a decimal 1 digit to the left in 24.0, we apply that decimal 1 digit to the left in 48, making it 4.8! Now let's do 36 by 8. We can do what we did for problem 1 and turn 36 into 36.0, 360 by 8 = 45 and applying the same logic we used before, 360 turns into 36.0, and 45 turns into 4.5! Therefore, Kalel is wrong, and the two equation is not equal.

P.S. Using long division, Kalel is technically kind of right, but there's still that unaccounted for '4' that we still need to divide.

To control pollination, pollen-producing flowers are often removed from the top of corn in a process called detasseling. The hourly rates for detasselers in Iowa are roughly normally distributed, with a mean of $12/hr and a standard deviation of $2/hr. What are the z-scores for a detasseler making $13 and $17 an hour? z13 = 0. 9, z17 = 1. 25 z13 = 0. 5, z17 = 1. 25 z13 = 0. 5, z17 = 2. 5.

Answers

The z-scores for a deta seller making $13 and $17 an hour will be [tex]Z_{13}=0.5 \ \ \ Z_{17}=2.5[/tex]

What is z- value ?

The z-scores give us information about how many standard deviations from the mean the data are. This difference can be negative, if the data are n deviations to the left of the mean, or it can be positive if the data are n deviations to the right of the mean.

To calculate the Z scores, we calculate the difference between the value of the data and the mean and then divide this difference by the standard deviation.

[tex]Z=\dfrac{X-\mu}{\sigma}[/tex]

Where x is the value of the data, μ is the mean and σ is the standard deviation

In this case :

μ = 12 $/h

[tex]\sigma[/tex] = 2 $/h

We need to calculate the Z-scores for x=17 and x=13

[tex]Z_{13}=\dfrac{13-12}{2}=0.5[/tex]

[tex]Z_{17}=\dfrac{17-12}{2}=2.5[/tex]

Thus the z-scores for a deta seller making $13 and $17 an hour will be [tex]Z_{13}=0.5 \ \ \ Z_{17}=2.5[/tex]

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Answer:Csecond part:69%99%30%Step-by-step explanation:Got it right on edge 2023

Please mark me brainliest<3

Ravi buys some hats to sell at a school fete. He buys 56 hats for a total £120

Ravi sells 3/7 of these hats at £3.50 each.
He reduces the selling price of the remaining hats to £3 each.
He sells half of the remaining hats at this selling price.

Work out the profit Ravi makes.

Answers

Answer:

$12

Step-by-step explanation:

3/7 of 56 = 24 hats  

24 x $3.5 = $84

The remaining hats 56-24 =32 hats

HALF of 32 =16hats

    16x$3 =$48

$84 + $48 = $132

  But he spent $120

The profit Ravi made = 132-120 = $12

travis measured 5 different-colored pencils to the nearest inch, 1/2 inch, and 1/4 inch. He records the measurements in the chart below. He draws a star next to the measurements that are exact.

Answers

Answer:

5x/1/2 = 1x



answer  1.12 <3


hope it helps


use brainly<3

Step-by-step explanation:

Giving brainliest whoever answers this question first, please help

Answers

The question is there

Is the quadratic equation y
= 5x² - 6x + 1 in standard form
or in vertex form? What is the vertex?

Answers

Answer:

In geometry, a vertex form is a point where two or more curves, lines, or edges meet.

Step-by-step explanation:

this equation is stander form

HELP ASAP GIVING BRAINLIEST LETS GO! In a dark hallway, you have a hard time finding your way to the bathroom. To find the bathroom, you try the following:
Shouting for help
Feeling your way down the hall
Turning on a lamp
Crawling along the floor
----------------------------------------------------------------------------------------------------------------------------
.All four are successful, but only one of these options uses two forms of energy. Identify the two forms of energy for that option.(2 points)
A.Electrical and light
B.Heat and sound
C.Mechanical and light
D.Sound and heat

Answers

Answer
mechanical and light

A man invests a sum of money ($8,000) in a bank that offers a rate of 5%. He invests the money for 2 years. Calculate the amount of money in the bank at the end of the 2-year period if invested at:
(a) simple interest
(b) compound interest.
Question 6 (6 marks)
The diameter of a circle is 10 cm (as shown in the diagram). Use π = 3.14 Calculate to 2 decimal places, the:
(a) circumference
(b) area

Answers

Answer:

(a) 8000 times 5 times 2 = 800

PLEASE HELP!!!!!! Giving Brainliest really hard!

Answers

Answer:

x = 71

Step-by-step explanation:

The horizontal lines are parallel, right?

So that means the degrees shown are complimentary angles(they add up to 180 degrees, a straight line)

so that means the algebraic equation is 109 + x = 180

x = 180-109

x = 71

Hope this helps. Mark brainliest if best., if not, hope it helps anyway.

What is the area of triangle def? round to the nearest tenth of a square unit. 10.3 square units 18.0 square units 20.0 square units 20.6 square units

Answers

The area of the triangle def round to the nearest tenth of a square unit is 10.3 square units.

What is the formula for area of a triangle?

When the two sides and an angle of a  triangle is known, then the area of the triangle can be found out with the following formula.

[tex]A=ab\sin\left(\dfrac{C}{2}\right)[/tex]

Here, a,b are the adjacent sides and C is the angle made between them.

The image of the triangle DEF is attached below. In this the two adjacent sides are given with the length 5 units ans 8 units long.

The angle made between them has the measure of 31 degrees. Put the values in the above formula as,

[tex]A=(5)(8)\sin\left(\dfrac{31}{2}\right)\\A=10.3\rm\; unit^2[/tex]

Hence, the area of the triangle def round to the nearest tenth of a square unit is 10.3 square units.

Learn more about the triangle here;

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Answer: A, 10.3

Step-by-step explanation: edge 2022

A perpendicular bisector is _____ to a line segment and intersects the line segment at its _____.
A. perpendicular; endpoint
B. adjacent; midpoint
C. supplementary; angle
D. perpendicular; midpoint
E. exterior; linear pair

Answers

Answer:

  D. perpendicular; midpoint

Step-by-step explanation:

A perpendicular bisector is perpendicular to a line segment and intersects the line segment at its midpoint .

__

This is a vocabulary question. It is always a good idea to learn the vocabulary, so you can understand statements that make use of these words. In the attached image, the line segment containing C is the perpendicular bisector of segment AB.

Complete the table.
Milkshakes Cost

Answers

Answer:

811

Step-by-step explanation:

i d k

solve equation find x 6x+6=10x-2

Answers

Answer:

[tex] \sf \: x = 2[/tex]

Step-by-step explanation:

Let's solve your equation step-by-step.

[tex] \sf 6x+6=10x−2 [/tex]

Step 1: Subtract 10x from both sides.

[tex] \sf6x+6−10x=10x−2−10x[/tex]

[tex] \sf−4x+6=−2[/tex]

Step 2: Subtract 6 from both sides.

[tex] \sf−4x+6−6=−2−6[/tex]

[tex] \sf−4x=−8[/tex]

Step 3: Divide both sides by -4.

[tex] \sf \frac{−4x}{−4}=\frac{−8}{−4}[/tex]

[tex] \sf x=2[/tex]

solve pls brainliest

Answers

Answer:

decreased by 7

Step-by-step explanation:

Based off of the table after each day, the money left on the card decreases by 7 after each day

eg. On Monday there is $40 on the card. On Tuesday there is $33 on the card. The money on the card decreases by 7 from Monday to Tuesday. It continues to decrease by this constant amount as the days pass.

Answer:

With each day additional day, the amount left on the card decreased by $7

Step-by-step explanation:

After each day you could see that the amount of money was lower and if you subtracted Monday by Tuesday, Tuesday by Wednesday, Wednesday by Thursday, and Thursday by Friday, you could see that it fell $7 each time.


© How many dogs does my math teacher have?
©
What is the value of the expression 2 + 73 + 4(9 - 6)2 = 6?

Answers

Answer:

The correct answer is 351.

Step-by-step explanation:

We will use order of operations to solve this problem. Recall that order of operations, AKA PEMDAS, states we should simplify numeric expressions in the following order:

Parentheses

Exponents

Multiplication/Division (ordered left to right)

Addition/Subtraction (ordered left to right)

Begin by evaluating the parentheses:

[tex]2+7^3+4(9-6)^2\div6\\2+7^3+4(3)^2\div6[/tex]

Simplify the exponents:

[tex]2+7^3+4(3)^2\div6\\2+343+4(9)\div6[/tex]

Multiply:

[tex]2+343+4(9)\div6\\2+343+36\div6[/tex]

Divide:

[tex]2+343+36\div6\\2+343+6[/tex]

Add:

[tex]2+343+6\\345+6\\351[/tex]

please help with this math problem

Answers

Step-by-step explanation:

please mark me as brainlest

Answer:

  10 mm

Step-by-step explanation:

You can find the missing dimension using the triangle area formula with the dimensions you know.

  A = 1/2bh

  40 mm² = 1/2(b)(8 mm)

  b = 40 mm²/(4 mm) = 10 mm . . . . . . . divide by the coefficient of b

The triangle's base is b = 10 mm.

6 h ​ −1=−3

what is the answer

Answers

Answer:

h=[tex]-\frac{1}{3}[/tex]

Step-by-step explanation:

[tex]6h-1=-3\\6h=-2\\h=-\frac{2}{6} \\h=-\frac{1}{3}[/tex]

Answer:

[tex]\boxed{\sf{h=-\dfrac{1}{3}=-0.33 }}[/tex]

Step-by-step explanation:

Isolate by the h from one side of the equation.

6h-1=-3

First, add by 1 from both sides.

[tex]\sf{6h-1+1=-3+1}[/tex]

Solve.

-3+1=-2

Rewrite the problem down.

6h=-2

Then, you divide by 6 from both sides.

[tex]\sf{\dfrac{6h}{6}=\dfrac{-2}{6} }[/tex]

Solve.

-2/2=-1

6/2=3

Rewrite as a fraction.

[tex]\boxed{\sf{h=-\dfrac{1}{3}=0.33}}[/tex]

Therefore, the correct answer is h=-1/3=0.33.

I hope this helps you! Let me know if my answer is wrong or not.

FIND THE VOLUME OF EACH SNOWBALL)

Joshua and Isabella are having a snowball fight. Joshua has a snowball, shaped as a sphere, with a radius of 6 cm. Isabella also has a spherical snowball that is 6cm across the center of the sphere find the volume of each snowball use 3.14 for pi

Answers

Answer:

Step-by-step explanation:

Find a value for Y and give a reason for your answer

Answers

Step-by-step explanation:

inscribed angles subtended by the same arc are equal.

the central angle of a circle is twice any inscribed angle subtended by the same arc.

the first statement tells us that the 53° angle as well as y stay the same size no matter where on their arcs (between the 2 points connected to O) they would be. so, we don't need to bother with any line lengths.

the 2nd statement tells us that x = 2×53 = 106°. the 53° and x angles refer to the short arc on the right of the 2 points connected to O.

and y and x refer to the larger arc on the left of the 2 line connected to O. that means according to the second statement : 360-x (the big angle around O) = 2y

so,

360 - 106 = 2y

254 = 2y

y = 127°

The area of the triangle below is 17.39 square inches. What is the length of the base?

Height 3.7

Answers

A= bh/2
17.39=3.7b/2
3.7b=34.78
B=9.4 inches the base of the triangle is about 9.4 inches.


polar & rectangular equations

Answers

Answer:

13.  [tex]x^2+y^2+2x-3\sqrt{x^2+y^2}=0[/tex]

14.  [tex]r=3\cos(\theta)-2\sin(\theta)[/tex]

Step-by-step explanation:

Question 13

Conversion from Polar equation to rectangular equation:

[tex]x=r \cos(\theta) \implies \cos(\theta)=\dfrac{x}{r}[/tex]

[tex]y=r \sin(\theta) \implies \sin(\theta)=\dfrac{y}{r}[/tex]

[tex]x^2+y^2=r^2 \implies r=\sqrt{x^2+y^2}[/tex]

Given:

[tex]r=3-2\cos(\theta)[/tex]

[tex]\textsf{Substitute }\cos(\theta)=\dfrac{x}{r}:[/tex]

[tex]\implies r=3-\dfrac{2x}{r}[/tex]

Multiply both sides by r:

[tex]\implies r^2=3r-2x[/tex]

[tex]\implies r^2+2x-3r=0[/tex]

[tex]\textsf{Substitute }x^2+y^2=r^2\:\textsf{and }r=\sqrt{x^2+y^2}:[/tex]

[tex]\implies x^2+y^2+2x-3\sqrt{x^2+y^2}=0[/tex]

---------------------------------------------------------------------------------------------

Question 14

Conversion from Rectangular equation to polar equation:

[tex]x=r \cos(\theta)[/tex]

[tex]y=r \sin(\theta)[/tex]

[tex]x^2+y^2=r^2 \implies r^2\cos^2(\theta)+r^2\sin^2(\theta)=r^2[/tex]

Given:

[tex]x^2+y^2-3x+2y=0[/tex]

[tex]\textsf{Substitute }x^2+y^2=r^2\:\textsf{and }x=r \cos(\theta)\:\textsf{and }y=r \sin(\theta):[/tex]

[tex]\implies r^2-3r\cos(\theta)+2r\sin(\theta)=0[/tex]

Factor out common term r:

[tex]\implies r(r-3\cos(\theta)+2\sin(\theta))=0[/tex]

Divide both sides by r:

[tex]\implies r-3\cos(\theta)+2\sin(\theta)=0[/tex]

Rewrite to make r the subject:

[tex]\implies r=3\cos(\theta)-2\sin(\theta)[/tex]

what is the inequality shown​

Answers

Answer:

-4<x≤5

Step-by-step explanation:

An open circle means 'less than' or 'greater than' while a closed cirlce means 'less than or equal to' or 'greater than or equal to'

PLEASE GUYS I REALLY NEED TO GET A C OR A B IN MATH PLEASE I NEED AT LEAST ONE PERSON TO HELP ME WITH MY SI




The prism below is made of cubes which measure of an inch on one side. What is the volume?



Note: Figure is not drawn to scale.

A.



B.



C.



D.

Answers

Answer:

35

Step-by-step explanation:

V=Bh

V = 6(5)

V= 35

Answer: the answer is A.  10/9 cubic in.

Step-by-step explanation:

During his first 20 picks from a bag of marbles, mike chose 8 yellow marbles, 9 green marbles, and 3 blue marbles. What is the experimental probability that mark will choose a green marble on his next pick? Write the probability as a percent.

Answers

Answer:

Step-by-step explanation:

All you have to do for this problem is take 3, over the 20, and then turn into a percent. Your final answer is D. 15%, because if you multiply 3/20 by 5, you get 15/100, which is easier to turn into a percent, leaving you with 15%

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