Jordan deposits $100 into a savings account that pays him with a compound interest rate of 3%. Justin deposits $100 into an accountthat pays him simple interest at the rate of 3%. Who will see a greater return if they withdraw all of their money after 3 years?

Answers

Answer 1

Answer:

Jordan

Explanation:

Given that :

JORDAN :

Principal (P) = $100

Compound interest rate (r) = 3%

AMOUNT AFTER 3 YEARS:

A = P(1 + r/n)^nt

n = number of times interest is applied per period

t = time ; A = final amount

A = 100(1 + 0.03)^3

A = 100(1.03)^3

A = 100(1.092727)

A = $109.2727

JUSTIN :

Principal = $100

SIMPLE INTEREST interest rate = 3%

A = P(1 + rt)

A = 100(1 +(0.03 * 3))

A = 100(1 + 0.09)

A = 100(1.09)

A = 1.09 * 100

A = final amount after 3 years = $109


Related Questions

Which of the following is a source of insurance? *

Answers

Answer:

Court ruling

Regulations

If an employer agrees to give you constructive criticism of your interview performance, you need to listen carefully and take notes. true or false?

Answers

Answer: True

Explanation:

As the employed you work for the employer which means that it is best to act in a way that the employer deems appropriate.

If the employer therefore gives you constructive criticism, it is most likely to get you to act in a way that they deem appropriate. It would be best to listen carefully and take notes for reference because chances are that such advice will benefit you greatly with other employers or with your employees should you decide to set up your own shop.

Insurance rates are lower for those with poor credit true or false ?

Answers

false, credit score does affect insurance but just because someone has bad credit doesn’t mean they get lower insurance rates

You like my koala his name is Fred


Answers

Yes he’s very cute :)

Answer:

i do like your koala

Explanation:

What is a cost incurred in the process of producing or offering a primary business operation?
Expense
Input
Output
Price

Answers

Answer:

Expense

Explanation:

Expenses refer to the cost incurred in the production process or when selling goods and services. They are the cost of generating a company's normal revenue.

Expenses are classified into direct and indirect expenses. Direct expenses can be attached to a particular product or service, while indirect expenses are mostly operating costs such as rent, administrative salaries, and insurance.

Allocate $249,000 net income by providing annual salary allowances of $66,000 to Ries, $56,000 to Bax, and $80,000 to Thomas; granting 10% interest on the partners' beginning capital investments; and sharing the remainder equally.

Answers

Answer:

Some information was missing: Ries invested $80,000 , Bax invested $112,000, and Thomas invested $128,000.

allocation of profits:

Ries = $66,000 + ($80,000 x 10%) = $74,000

Bax = $56,000 + ($112,000 x 10%) = $67,200

Thomas = $80,000 + ($128,000 x 10%) = $92,800

total = $234,000

remaining profits = $249,000 - $234,000 = $15,000 / 3 = $5,000

total allocation of profits:

Ries = $79,000Bax = $72,200Thomas = $97,800total = $249,000

1. Explain the computation of the monetary multiplier.

Answers

The money multiplier is defined as the amount of money the banking system generates with each dollar of reserves. ... Thus, the money multiplier can can be calculated as the inverse value of the reserve ratio. That is, if the reserve ratio is R, the money multiplier is 1/R.

find average utility, if total utility of 7 commodities is70​

Answers

Answer:

10

Explanation:

The average utility is the total utility derived from the consumption of goods and services divided by the total number of items consumed.

i.e,. total utility/items consumed

In this case, the total utility is 70, and the number of items consumed is 7.

Average utility = 70/7

=10

Why would someone choose to start a franchise business?

Answers

Answer:

The franchise organization model offers the franchisee the ability to grow under a common brand and share in the benefits of a larger group of business owners. ... Training from successful business operators. A lower risk of failure and/or loss of investments than if you were to start your own business from scratch.

Type the correct answer in the box. Which Financial Assets can be traded on the stock market?

_____ are tradable financial assets that are sold and bought on the stock market.​

Answers

Your answer is Treasury Bill!

Hopefully, this helps! :D

Please give branliest!

distinguish between regional level and national level employment giving adequate example​

Answers

I don’t get it umm maybe try explaining it more

PLEASE ANSWER

Paul wants to take his girlfriend out to dinner for their anniversary, but he has no cash available. He gets paid on March 28th, but the anniversary dinner will be on March 20th. He needs to be able to access the money from his paycheck several days in advance. Even though it can be risky, what type of business could best meet Paul’s needs?

Answers

Answer:

A lot of different businesses could meet his needs. Many are illegal but one is to do delivery work for various restaurants.

Explanation:

Answer:

Payday loan business

Explanation:

Macroeconomics is the study of economics on a very small scale

Answers

Wow I have never seen this

Differentiate between micro hydro power and hydro power. ​

Answers

Answer: Hydroelectricity is a form of hydropower and is the most widely used form of renewable energy throughout the world. ... Hydro electricity extracted from water depends not only on the volume but on the difference in height between the source and the water's outflow.

Hope this helps...... Stay safe and have a Merry Christmas!!!!!!!! :D

Explanation:

Which is NOT an effective way to build relationships with your co-workers?

Answers

'Find one or two co-workers you can complain to' is not an effective way to build relationships with your co-workers. The right answer is b.

Workplace relationships are personal bonds formed between coworkers. It is advantageous for the organisation as a whole and for the morale and wellbeing of the staff to have employees that get along well with one another. When working on a project together, coworkers who get along well with each other are more likely to produce quality work.

Respected coworkers can inspire you to work at the top of your game, and open lines of communication can make all of your tasks run more smoothly. Employees' total productivity is frequently correlated with their psychological well-being. The ability to think creatively can be sparked by having positive interactions with your coworkers.

The correct answer is option b.

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The question seems incomplete. The complete question is:

Which is NOT an effective way to build relationships with your co-workers?

Ask your co-workers about their role, skills, and goals.

Find one or two co-workers that you can complain to.

Find reasons to praise or compliment your co-workers for good work.

Be curious about your co-workers' lives and passions.

Economics: Which one of the Fed actions in Part 1 might be more difficult if U.S. currency still consisted of demand notes rather than fiat money?




Choose one or more:



A. Lowering the reserve requirement



B. Selling short-term U.S. Treasury securities



C. Increasing the discount rate



D. Buying short-term U.S. Treasury securities



E. Quantitative easing



F. Raising the reserve requirement



G. Decreasing the discount rate

Answers

Answer:

E. Quantitative easing  and  Buying short-term U.S. Treasury securities

Explanation:

what is a pumpkin bug

Answers

Answer:

The botanical name for squash bugs is Anasa tristis. This bug is very common in the USA and gets its common name from the fact that it is attracted to and lays its eggs on squash, as well as pumpkin plants. I've also seen the bugs on cucumber plants and other curcubits such as melons.

Explanation:

Which of the following relies the most on the health of the economy?
•Builders
•Manufacturers
•Trade industries
•Producers

Answers

Answer: Trade Industries

Explanation:

Trade industries survive as long as people and businesses can afford to trade goods and services. If entities are unable to afford consumption for a reason such as a decline in income, the trade industries will suffer.

When the economy is not healthy, income levels of people will reduce and so trade industries will suffer as opposed to a healthy economy where entities can afford goods and services which will ensure the survival of trade industries.

what are the positive impacts of Title VII of the Civil Rights Act of 1964 on US companies. How did this historic change in US law benefit companies?

Answers

Answer:

The Civil Rights Act of 1964 hastened the end of legal Jim Crow. It secured African Americans equal access to restaurants, transportation, and other public facilities. It enabled blacks, women, and other minorities to break down barriers in the workplace.

Explanation:

is your last chance to make sure your document is ready to carry your message-and your reputation to the intended audience.​

Answers

Where is the question?
The question ain’t here

Which type of communication is usually handwritten?
A.
a business letter
B.
a memorandum
C.
a note
D.
an email
E.
a résumé

Answers

Answer:

C. a note

Explanation:

Notes are informal handwritten messages.

A note is a type of communication is usually handwritten. Thus, the correct option is C.

What is communication?

Communication is the process of exchanging information, ideas, or messages between individuals or groups through various means, such as speech, writing, body language, or technology.

The sender is the person who initiates the communication and encodes the message, while the receiver is the person who receives and decodes the message. The medium is the channel through which the message is transmitted, such as speech, writing, or electronic devices.

Feedback is the response or reaction of the receiver to the message, which helps to ensure that the communication is understood and effective.

Learn more about communication, here

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I was trying to make the points to 200 but this is all i can do here first gets brainliest

Answers

Answer:

Thanks

Explanation:

I like ice cream :D

Answer:

thank you

Explanation:

thank you

Use the drop-down menu to select the education or qualification best demonstrated in each example.

Annabelle is a Biomedical Engineer who thinks of an idea for a new product.

Nathan is a Clinical Research Coordinator with a four-year college degree.

Drew is a Clinical Data Manager who analyzes and interprets the data from experiments.

Qiana is a Medical Scientist who works alone for long periods of time and stays focused on laboratory work.

Answers

Answer:

Creativity, bachelors degree, Critical thinking skills, independence

Explanation:

Just did it and got it right

The education or qualification demonstrated are as follows A- Engineering and Creativity, B- Bachelors Degree, C- Critical Thinking Skills, D- Independent Researcher.

Education and Qualification

The following question is asking us to select the education or qualification demonstrated in these examples, since the question does not give us much options, hence we will go by conventional wisdom.

Annabelle is a Biomedical Engineer who thinks of an idea for a new product - This is related to interest in engineering with creativity and persistence.

Nathan is a Clinical Research Coordinator with a four-year college degree - Since they mentioned 4-year college hence it is related to Bachelors.

Drew is a Clinical Data Manager who analyzes and interprets the data from experiments - Since it is related to analyzing data it needs the qualification of Critical Thinking skills.

Qiana is a Medical Scientist who works alone for long periods of time and stays focused on laboratory work - This is related to Independent Research.

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You own a roofing company the roofers are replacing shingles on a house it takes 7/8 of 50 pound box of nailes to install shingles on 1/4 of the roof how many boxes of nails will the company need to install shingles on the entire roof

Answers

Answer:

3.5 boxes

Explanation:

If that is what it takes to install shingles on 1/4 of the roof then we would need to multiply this amount by 4 to find out how many boxes it would take to complete the entire roof, since 4 times 1/4 would equal 4/4 which represents the entire roof.

7/8 * 4 = 3.5 boxes of nails

Finally, after completing this calculation we can see that it would take the company 3.5 of 50 pound box of nails to complete the entire roof, that would mean a total of

3.5 * 50 = 175 pounds of nails

The function f(x) = 2,000(1 + )12t models the balance in a savings account.

The savings account had an initial balance of _ and compounds
_ at an interest rate of _

Answers

? wat class this for

Answer:

In the exponential function f(x) = P(1 + )nt :

P = principal value

r = the annual interest rate

n = number of compounding periods in a year

t = time in years

For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.

Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.

Explanation:

Explanation from PLATO

A
Question Blank
type your answer...
student loan is where the Department of Educations diverts/ pays the interest while you are in school at least part-time.

Answers

Answer:

Direct subsidized loans

Explanation:

Direct subsidized loans are offered by the government to undergraduate students with financial need. The loan is available as long as the students can demonstrate they should be considered. The amount is determined by what the schools charge. A direct subsided loan can not exceed a student's financial need.

The U.S. Department of Education meets the interest on a direct subsidized loan

The student is at school for at least half-time,For the grace period of the first six months after leaving schoolWhen the student postpones loan re-payments.

Match the item with the section of the marketing plan it belongs in. To match the items, click the item, and then click the section.
Match the item with the section of the marketing plan it belongs in.



To match the items, click the item, and then click the section.

The amount you plan to spend on each promotional strategy.

Marketing message

The number of sales you plan to have in the next year.

Product description

Strengths and weaknesses of other companies that provide similar products.

Other marketing goals

The message about your product's benefits that you plan to convey to your target market.

Budget

The percentage of customers who say they are highly satisfied in your customer profile survey.

Competition

The qualities you want to have people associate with your product.

Pricing

A list of the product's features.

Market research

How the cost of your product will support your brand image and marketing message.

Brand image goals

A description of general economic trends and how they are likely to affect the target market.

Promotional strategies

Ways you will communicate with your target market.

Financial goals

Answers

Answer:

1. Budget.

2. Financial goals.

3. Competition.

4. Marketing message.

5. Other marketing goals.

6. Brand image goals.

7. Product description.

8. Pricing.

9. Marketing research.

10. Promotional strategies.

Explanation:

1. Budget: The amount you plan to spend on each promotional strategy.

2. Financial goals: The number of sales you plan to have in the next year.

3. Competition: Strengths and weaknesses of other companies that provide similar products.

4. Marketing message: The message about your product's benefits that you plan to convey to your target market.

5. Other marketing goals: The percentage of customers who say they are highly satisfied in your customer profile survey.

6. Brand image goals: The qualities you want to have people associate with your product.

7. Product description: A list of the product's features.

8. Pricing: How the cost of your product will support your brand image and marketing message.

9. Market research: A description of general economic trends and how they are likely to affect the target market.

10. Promotional strategies: Ways you will communicate with your target market.

Answer:

1. Budget.

2. Financial goals.

3. Competition.

4. Marketing message.

5. Other marketing goals.

6. Brand image goals.

7. Product description.

8. Pricing.

9. Marketing research.

10. Promotional strategies.Explanation:

Mark works as a business analyst and wants to manage tasks for timely delivery of projects. Which certification will help Mark achieve career growth?
A. project management certification
B. certification in business administration
C. strategic management certification
D. certification in information technology

Answers

Answer:

A. project management certification

hope this helps!

A flood damaged a building and contents. Floods are unusual and infrequent in this area. The receipts from insurance companies totaled $500,000, which was $150,000 less than the book values. The tax rate is 30%. On the statement of cash flows (indirect method), the receipts from insurance companies should

Answers

Answer:

It is shown under investing activities as a cash inflow

Explanation:

On the cash flow statement using the indirect method the receipts from the insurance company should be shown in the investing activities at $500,000

as an inflow of cash as the cash is increased

So the same is to be considered

The other $150,000 would be ignored as it is not relevant

Therefore the above is the answer

Ilene rents her second home for the entire year. During the year, Ilene reported a net loss of $10,700 from the rental. If Ilene is an active participant in the rental and her AGI is $142,500, how much of the loss can she deduct against ordinary income in the year?

Answers

Answer:

$3,750

Explanation:

(142,500-100000)*50% = 21,250

25,000-21,250 = $3,750

Ilene can claim a deduction up to a maximum limit of $3,750 against her ordinary income for that financial year, in case of meeting with the above conditions.

What is deduction?

Deduction refers to as the amount which a person can claim as being exempt from tax during the year in which a person is liable to pay taxes as such. There is a capacity of standard deduction of $100,000 for a year.

Deduction in the above case will be half of the amount left after considering a standard deduction from the AGI will be $21,250. Now, maximum allowed deduction will be deducted from an amount of $25,000.

This can be calculated as,

[tex]\rm Deduction= Maximum\ Allowed\ Limit- Actual\ Liability\\\\\rm Deduction= 25000 - 21250\\\\\rm Deduction=\$3750[/tex]

Hence, the significance of deduction is aforementioned.

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