Emma and Paul each invest $2,000 into
accounts that earn 6% interest. If Emma's
account earns simple interest and Paul's
account earns compound interest, which is the
value of each person's account after 8 years?
A. Emma - $2,960; Paul - $3,187.70
8. Emma - $960; Paul - $3,187.70
C. Emma - $2,960; Paut- $ 1,187.70

Answers

Answer 1
The answer to the question is C
Answer 2

The value of each person's account after 8 years is Emma - $2,960; Paul - $3,187.70

What is interest?

Interest is the money you pay on top of the amount you borrow which compensates lenders for making their money available as well as the risk they take.

For the borrower, it is like a rental cost, while for the lender it is an income for lending – for risking their money and doing without it for a given period.

Given that, Emma and Paul invested $2,000 into accounts that earn 6% interest.

Emma invested in Simple interest and Paul invested in compound interest,

We need to find the amount of both after 8 years.

Formula to be used =

Simple interest = PRT / 100 [p = principal, r = rate and t = time]

Compound interest =

A = P(1+r)ⁿ [a = amount, p = principal, rate = rate, n = time]

So,

Emma's account after 8 years =

2000 × 6 × 8 / 100 + 2000 = $2960

Paul's account after 8 years =

A = 2000(1+0.06)⁸

A = $3187.7

Hence, the value of each person's account after 8 years is Emma - $2,960; Paul - $3,187.70

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Related Questions

Which is the greater decimal?

.721 or .72

Answers

Answer:

.721 is bigger because Il earned that the decimal that has a larger number as there last number is the greatest decimal.

Step-by-step explanation:

Cassandra works for a company that is based off her sales. If she is paid 9.5% of her total monthly sales, calculate her pay for the month if she sells $15,670 of product.

Answers

Answer:

I don't understand what you mean. but 10.43 i guess

Company A is trying to sell its website to Company B. As part of the sale, Company A claims that the average user of their site stays on the site for 10 minutes. Company B is concerned that the mean time is significantly less than 10 minutes. Company B collects the times (in minutes) below for a sample of 17 users. Assume normality. Assume normality.

1.2
2.8
1.5
19.3
2.4
0.7
2.2
0.7
18.8
6.1
6
1.7
29.1
2.6
0.2
10.2
5.1
0.9
8.2

Conduct the appropriate hypothesis test for Company B using a 0.08 level of significance.

1. What are the appropriate null and alternative hypotheses?

a. H0: μ = 10 versus Ha: μ ≠ 10
b. H0: μ = 10 versus Ha: μ > 10
c. H0: x = 10 versus Ha: x ≠ 10
d. H0: μ = 10 versus Ha: μ < 10


2. What is the test statistic? Give your answer to four decimal places.
3. What is the critical value for the test? Give your answer to four decimal places.
4. What is the appropriate conclusion?

Answers

Answer:

H0 : μ = 10

H1 : μ < 10

Test statistic = - 2.0415

Critical value = -1.4051

There is significant evidence to conclude that the mean time a user stays on site is less than 10 minutes

Step-by-step explanation:

The null and alternative hypothesis :

H0 : μ = 10

H1 : μ < 10

The test statistic :

From the data Given, using calculator :

Sample mean, xbar = 6.3

Sample standard deviation, s = 7.90

Test statistic = (xbar - μ) ÷ (s/sqrt(n))

Number of samples given is 19 and not 17 as stated in the question.

Test statistic = (6.3 - 10) ÷ (7.90 / sqrt(19))

Test statistic = - 3.7 / 1.8123842

Test statistic = - 2.0415

The critical value for the test :

At α = 0.08 ;

Critical value = -1.4051

Since, Test statistic is < Critical value ;

-2.0415 < - 1.0451 ; we reject the Null

There is significant evidence to conclude that the mean time a user stays on site is less than 10 minutes

Help me with these problem as an area of a circle.

Answers

Area of circle = pi * r^2
pi * (3.25)^2 = 33.18307

Rounded = 33.18
Solution: area = 33.28 yd^2

Answer:

33.18

Step-by-step explanation:

Using the formula in the image below, substitute [tex]r[/tex] for [tex]3\frac{1}{4}[/tex], and simplify π to about 3.14. Then solve that. [tex]3.14((3\frac{1}{4})^{2})=33.18[/tex]

Mrs.Hilt’s yard is 48 feet long and 39 feet wide . What is the area of Mrs.Hilt’s back yard?

Answers

Answer:

               1872

Step-by-step explanation

Help me with this question please!

Answers

Answer:

84 in²

Step-by-step explanation:

12+9=21

21x0.5=10.5

10.5x8=84

30 POINTS FOR BRAINLIEST ANSWER!!!!!!!​

Answers

I think b not sure it’s the only one that makes sense

What is the solution of the equation?

Answers

Answer:

+8 and -8, 2nd answer from the right.

A stationery store wants to estimate the mean retail value of greeting cards that it has in its inventory. A random sample of 15 greeting cards indicates an average value of $3.00 and a s of $0.40. The critical value for a 99% confidence interval is

Answers

Answer:

The critical value for a 99% confidence interval is T = 2.9768

Step-by-step explanation:

We have the standard deviation of the sample, which means that the t-distribution is used to solve this question.

The first step to solve this problem is finding how many degrees of freedom, we have. This is the sample size subtracted by 1. So

df = 15 - 1 = 14

Critical value

Now, we have to find a value of T, which is found looking at the t table, with 14 degrees of freedom(y-axis) and a confidence level of [tex]1 - \frac{1 - 0.99}{2} = 0.995[/tex]. So we have T = 2.9768

The critical value for a 99% confidence interval is T = 2.9768

What is 97,000 in scientific notation?

Answers

Answer:

9.7 * 10 to power of 4

Step-by-step explanation:

Answer:

Don't know the meaning of this question

A car and a truck left Washington, DC traveling in opposite directions. The car traveled 19 miles per hour faster than the truck, and at the end of 8 hours they were 1048 miles apart. What was the average speed of each vehicle?

100 POINTS

Answers

Answer:

Step-by-step explanation:xmccc

Truck speed be x
Car travel at x+19
They travel in opposite directions so the separation is (x+x+19) * no. Of the hours
1048 = (2x+19)*8
X= ((1048/8)-19)/2
=56

Truck speed is 56 miles per hour
Car speed is 56+19=75 miles per hour

Rewrite 7^-2 using a positive exponent an evaluate the result.

Answers

positive exponent= 1/7^2
evaluate=1/49

What is 1/6 as a percent.

Answers

Answer:

16.66 %

Step-by-step explanation:

1 / 6 as a percent

= ( 1 / 6 ) x 100

= 100 / 6

= 16.66 %

1/6 = 16.6667% (percentage)

Consider the probability that fewer than 46 out of 134 students will not pass their college placement exams. Assume the probability that a given student will not pass their college placement exam is 98%. Specify whether the normal curve can be used as an approximation to the binomial probability by verifying the necessary conditions.
a. Yes
b. No

Answers

Answer:

b. No

Step-by-step explanation:

Binomial approximation to the normal:

Binomial distribution has n trials, with p probability.

If

[tex]np \geq 10[/tex] and [tex]n(1-p) \geq 10[/tex], it can be approximated to the normal distribution.

Assume the probability that a given student will not pass their college placement exam is 98%.

This means that [tex]p = 0.98[/tex]

134 students:

This means that [tex]n = 134[/tex]

Necessary conditions:

[tex]np = 134*0.98 = 131.32 \geq 10[/tex]

[tex]n(1-p) = 134*0.02 = 2.68 < 10[/tex]

Since the necessary condition n(1-p) < 10 is not satisfied, the answer is No, given by option b.

someone please help me answer this!!!

Answers

Answer:

15 using the Pythagorean theorem.

hope it helps, plz mark me as brainliest.

Answer:

15 units is the answer.

Step-by-step explanation:

points are (-3,-4) and (6,8)

Pythagorean theorem can be written as,

[tex]d=\sqrt{(x_2-x_1)^2 + (y_2-y_1)^2} \\\\d=\sqrt{(6-(-3))^2 + (8-(-4))^2}\\\\d=\sqrt{(9)^2+(12)^2} \\\\d=\sqrt{81+144} \\\\d=\sqrt{225} \\\\d=15[/tex]

∴ d = 15 units is the distance between the points.

6 Melvin and Roberto played football on two different teams last season.
• Melvin's team won w games.
• Roberto's team won 3 fewer games than Melvin's team.
Which expression can be used to represent the number of games Roberto's
team won last season?
Select one answer.
A W + 3
BW-3
CW.3
Dw3

Answers

Answer:

B is the answer

Step-by-step explanation:

21 students are going on a field trip and 3 students are staying at school what is the ratio of the numbers of students who are going on a field trip to the number of students who are staying at school?

Answers

Answer:

21/3 or 7/1

Step-by-step explanation:

Answer:

21/3

Step-by-step explanation:

hope this helps you

Solve the system of equations.
2.5y+ 3x = 27
5x-2.5y = 5
What equation is the result of adding the two equations?
What is the solution to the system?​

Answers

Answer:

The asnwer to the system of equation

x=4 y=6

Step-by-step explanation:

Answer:  1) 8x=32       2) (4,6)

Step-by-step explanation:

Hope this helps!

Mark me brainliest!

Pls and ty!

An introductory psychology class has 9 freshman males, 15 freshman females, 8 sophomore males, and 12 sophomore females. A random sample of n = 2 students is selected from the class. If the first student in the sample is a male, what is the probability that the second student will also be a male?

Answers

Answer

16/43

Step-by-step explanation:

17 Male + 27 female = 44 students

now n= 2 so first student was male so one male student was taken out of the equation so 16 male left. now left male students by remaining students  so now total left students = 43

so, prob = remaining males/remaining students=16/43

What is the equation of the line that is the perpendicular bisector of the segment
with (10,-15) and (-10, 25) as endpoints?
y= kx + 10
y= kx + 5
y= -x + 10
y = 2x + 5

Answers

Answer:

y= kx + 5

Step-by-step explanation:

Perpendicular bisector passes through the midpoint of the line.

The midpoint is:

x = (10 - 10)/2 = 0y = (-15 + 25)/2 = 5

Slope of the line:

m = (25 - (-15))/(-10 - 10) = -2

The line perpendicular to this has to have a slope of 1/2 as perpendicular lines have opposite-reciprocal slopes.

Use point-slope form and point (0, 5) to find the equation of the line:

y - 5 = 1/2(x - 0)y = 1/2x + 5

Correct option seem B as others don't match ours

The ratio of soccer players to baseball players on two school teams is 4 to 7. Which of the following could be the number of players on each team?
Select one:

16 soccer players and 49 baseball players

16 soccer players and 19 baseball players

12 soccer players and 15 baseball players

12 soccer players and 21 baseball players

Answers

Answer:

12 soccer players and 21 baseball players

Step-by-step explanation:

Multiply each ratio by the same number

4x3=12 7x3=21

The answer is the last one. 4•3 =12 and 7•3 =21, you basically just had to scale up the numbers

A large clock in a town square has a minute hand that is 10 feet long. Which value is the best estimate of
how many degrees the minute hand moves from 4:00 - 4:40?

Answers

Answer: 240 degrees

Step-by-step explanation: minute hand makes 360 degree circle in hour.

There is no influence for the length of hand in this case.

40 minutes is 2/3 hours. 2/3 ·360 degrees

The number of students that participated in sports last year was 100. This year there are 140 students participating in sports. What is the percent of increase in the number of students participating in sports from last year to this year? __________%

Answers

Answer: 40%

Step-by-step explanation:

HOPE THIS HELPS ^^

h(x) = 3x + 5
g(x) = 4x – 2
Find h(x) – g(x)

Answers

Answer:

6

Step-by-step explanation:

seshhhhh is that dababy. he valid

soup is 3 cans for $0.82, so each can of soup is $0.2733. how much does it cost for each one?

Answers

It would be $0.27 for each can

Jasmine was expected to get $150 for her bonus, but she only got $100. What was the percent error?

Answers

Answer:

Jasmine expected to get $150 for her bonus, but she only got $100. What was the percent error?

-----

Amt of error:: $50

----------

% error:: 50/150 = 1/3 = 33 1/3%

help me please!!!
solve a quadratic equation by factoring

solve for g.

g^2-24g+144=0

Answers

9514 1404 393

Answer:

  g = 12

Step-by-step explanation:

You recognize that 144 is 12², so you check to see if the x-coefficient is 2·12. It is. The quadratic is a square:

  (g -12)² = 0

The only solution is the one that makes the squared term equal to zero:

  g -12 = 0

  g = 12

_____

The square of a binomial is ...

  (a +b)² = a² +2ab +b²

Here, we have a=x, b=-12.

Cynthia says that when you evaluate the expression (21 3/4 + 4 1/2) - 5 3/12 you get a whole number. What whole number do you get?

Answers

Answer: 21

Step-by-step explanation:

First, convert the mixed fractions to improper fractions.

(87/4 + 9/2) - 21/4

Next, calculate within the parentheses:

87/4 + 9/2

Next, change the denominator of 9/2 to 4. To do that, multiply the denominator of 9/2 to get 4 to match the denominator of the first fraction. 9/2 * 2/2 = 18/4.

87/4 + 18/4 = 105/4

Then, 105/4 - 21/4 = 84/4

Finally, divide 84 by 4 and you get 21.

Please please help please

Answers

Answer: 72 feet

Step-by-step explanation:

24 yards= 72 feet

72 feet bc that equals that

Hudson is going to invest $320 and leave it in an account for 9 years. Assuming the
interest is compounded monthly, what interest rate, to the nearest tenth of a percent,
would be required in order for Hudson to end up with $540?

Answers

Answer:

5.8

Step-by-step explanation:

The interest rate, to the nearest tenth of a percent, will be 0.05828.

How do you determine the amount of compound interest?

If the principal amount is P, the interest rate is R percent per unit time, and the compound interest is left for T units of time, the interest amount gained is:

[tex]\rm CI = P\left(1 +\dfrac{R}{100}\right)^T - P[/tex]

The total is:

[tex]\rm A = CI + PA = P(1 +\dfrac{R}{ 100})T[/tex]

The amount is found as;

[tex]\rm A = P(1+\frac{r}{n})^{nt}\\\\ 540=320 (1+\frac{r}{12} )^{12\times 9}\\\\ (1+\frac{r}{12})^{108}=\frac{540}{320}\\\\ 1+\frac{r}{12}=(\frac{540}{320})^{\frac{14}{108}[/tex]

[tex]\rm 1+ \frac{r}{12}=1.00486\\\\ \frac{r}{12}=0.00486\\\\ r=12 \times 0.0486 \\\\ r=0.05828[/tex]

Hence, the interest rate, to the nearest tenth of a percent, will be 0.05828.

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