Jenny deposits $50,000 into an account that pays simple interest at a rate of 2% per year.
Frank deposits $50,000 into an account that also pays 2% interest per year. But it is compounded annually.
Find the interest Jenny and Frank earn during each of the first three years.
Then decide who earns more interest for each year.
Assume there are no withdrawals and no additional deposits.

Answers

Answer 1

Answer:

Jenny will earn $ 1,000 in interest each year, while Frank will earn $ 1,000 the first year, $ 1,020 the second, and $ 1,040.40 the third.

Step-by-step explanation:

Since Jenny deposited $ 50,000 into an account that pays simple interest at a rate of 2% per year and Frank deposited $ 50,000 into an account that also pays 2% interest per year but it was compounded annually, to find the interest Jenny and Frank earn during each of the first three years and decide who earns more interest for each year assuming there are no withdrawals and no additional deposits, the following calculation must be performed:

Jenny:

Year 1 = 50,000 x 1.02 = 51,000

Year 2 = 50,000 x 1.02 = 51,000 + 1,000 = 52,000

Year 3 = 50,000 x 1.02 = 51,000 + 2,000 = 53,000

Frank:

Year 1 = 50,000 x 1.02 = 51,000

Year 2 = 51,000 x 1.02 = 52,020

Year 3 = 52,000 x 1.02 = 53,060.40


Related Questions

Jen sells flowers. She charges $2 per flower plug a $3 flat delivery fee. How many flowers did she deliver if she made $21?

Answers

Answer:

4 1/2 flowers

Step-by-step explanation:

2 + 3 = 5 and 4 x 5 = 20 and plus half a flower.

'थूकेंगे' शब्द का वर्ण-विच्छेद कीजिए।​

Answers

Answer:

English pls

Step-by-step explanation:

अन्यथा बहस करें, शिकायतें पकड़ें।

Mark the best answer.
1. The grid map shows the location of
some places on a college campus.
What are the coordinates of the
dormitory? (8-1)
Library
Gymnasium
12 Student
Center
5 4 3 2
Dormitory
I.XI
10
2013
Academic
Hall
A (2.1)
B 12)
CK1-2)
D (2.1)

Answers

Answer:

it makes sense

Step-by-step explanation:

simplify 7/341 and give step by step explanation! I will mark you a brainliest.​

Answers

Answer:

it can't be simplified

Step-by-step explanation:

Yep. It cannot be simplified.

Find the roots of the equation below.

x2 - 6x + 12 = 0

-3 ± √3
3 ± √3
-3 ± i√3
3 ± i√3

Answers

Answer:

[tex]\displaystyle x = 3 \pm i\sqrt{3}[/tex]

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

BracketsParenthesisExponentsMultiplicationDivisionAdditionSubtractionLeft to Right

Algebra I

FactoringStandard Form: ax² + bx + c = 0Quadratic Formula: [tex]\displaystyle x=\frac{-b \pm \sqrt{b^2-4ac}}{2a}[/tex]

Algebra II

Imaginary Numbers: √-1 = i

Step-by-step explanation:

Step 1: Define

x² - 6x + 12 = 0

Step 2: Identify Variables

Compare the quadratic to standard form.

x² - 6x + 12 = 0 ↔ ax² + bx + c = 0

a = 1, b = -6, c = 12

Step 3: Find Roots

Substitute in variables [Quadratic Formula]:                                               [tex]\displaystyle x=\frac{-(-6)\pm\sqrt{(-6)^2-4(1)(12)}}{2(1)}[/tex][Quadratic Formula] Simplify:                                                                       [tex]\displaystyle x=\frac{6\pm\sqrt{(-6)^2-4(1)(12)}}{2(1)}[/tex][Quadratic Formula] [√Radical] Evaluate exponents:                                 [tex]\displaystyle x=\frac{6\pm\sqrt{36-4(1)(12)}}{2(1)}[/tex][Quadratic Formula] [√Radical] Multiply:                                                     [tex]\displaystyle x=\frac{6\pm\sqrt{36-48}}{2(1)}[/tex][Quadratic Formula] [√Radical] Subtract:                                                     [tex]\displaystyle x=\frac{6\pm\sqrt{-12}}{2(1)}[/tex][Quadratic Formula] [√Radical] Factor:                                                       [tex]\displaystyle x=\frac{6\pm \sqrt{-1} \cdot \sqrt{12}}{2(1)}[/tex][Quadratic Formula] [√Radicals] Simplify:                                                   [tex]\displaystyle x=\frac{6 \pm 2i\sqrt{3}}{2(1)}[/tex][Quadratic Formula] [Fraction - Denominator] Multiply:                             [tex]\displaystyle x=\frac{6 \pm 2i\sqrt{3}}{2}[/tex][Quadratic Formula] [Fraction - Numerator] Factor:                                   [tex]\displaystyle x=\frac{2(3 \pm i\sqrt{3})}{2}[/tex][Quadratic Formula] [Fraction] Divide:                                                         [tex]\displaystyle x = 3 \pm i\sqrt{3}[/tex]

It takes Steven 12.25 minutes to run 1.4 miles. At this rate. how long will it take him to run 2.6 miles?

Answers

It’s = 22.75
What I did was
12.25 divided by 1.4 =8.75
Then
8.75*2.6=22.75

The speed is the distance covered by an object at a particular time. The time it will take for Steven to cover a distance of 2.6 miles is 22.75 minutes.

What is speed?

The speed is the distance covered by an object at a particular time. Therefore, it is the ratio of distance and time.

Speed = Distance / Time

Given that it takes Steven 12.25 minutes to run 1.4 miles. Therefore, the rate or speed at which Steven runs is,

Speed = Distance / Time

Speed of Steve = 1.4 miles / 12.25 minutes

Now, if at the same rate Steven runs, then the time it will take for Steven to run a distance of 2.6 miles is,

Speed = Distance / Time

Time = Distance / Speed

Time = 2.6 miles / (1.4 miles / 12.25 minutes)

Time = (2.6 miles × 12.25 minutes)/1.4 miles

Time = 22.75 minutes

Hence, the time it will take for Steven to cover a distance of 2.6 miles is 22.75 minutes.

Learn more about Speed here:

https://brainly.com/question/15100898

#SPJ2

Which equation shows this volume formula solved for h?

Answers

Answer:

Step-by-step explanation: the answer is B i think

Answer:

A

Step-by-step explanation:

[tex]V = \frac{nd^2h}{6}[/tex]

multiply both sides by 6

[tex]6V = nd^2h[/tex]

divide both sides by [tex]nd^2[/tex]

[tex]\frac{6V}{nd^2} = h[/tex]

So the answer is A.

PLs HALP will give brainliest

Answers

Your answer for this question will be C

Answer:

C. 1/3x - 9

Step-by-step explanation:

Ok so....

-3 + -6 is just -9 so instead of writing all that we can just write -9.

So what you should have now should look something like this

2/3x - 1/3x - 9             ( I just put it in a different order )

So now we can see things in common. Which is the 2/3x and the 1/3x. When you subtract both of them it will give you a total of 1/3x. *NOTE : WE DO NOT SUBTRACT THE 9 WITH IT BECAUSE IT IS NOT COMMON WITH THE OTHER NUMBERS* Now your problem should look like this

1/3x - 9

Which is the answer!!

TAADAA!!

Hope this helps. Have a good day!

The Valley Middle School library just added 250 books to the shelves. Of those books, 40% are fiction. How many of the new books are fiction?

Answers

Answer:

100

20 = 50

50 x2

Step-by-step explanation:

Answer:

100

Step-by-step explanation:

250 books × 40%

= 100

other way to solve it is

250 × 0.40

= 100 fiction books

Help needed with this

Answers

Answer:

el 3

Step-by-step explanation:

Step-by-step explanation:

step 1. a function must only have a single y value for each x value.

step 2. for the input x, there can only be one output or result y.

step 3. #1 is a function because for each x there is only one y.

step 4. #2 and #3 are functions also.

step 5. #4 is not a function because (1, 1) and (1, -1) says x is 1 but the y is both 1 and -1 (2 values)

step 6. (2, 2) and (2, -2) also makes #4 not a function.

how to rewrite 6(38) using the distributive property?

Answers

6 x 38 = 6 x ( 19 x 2)
= (6 x 19) + (6 x 2)
= 114 + 12
= 226

FIND THE EQUATION OF THE LINE FROM THE FOLLOWING GRAPH. please give steps​​

Answers

Answer:

I can't tell

Step-by-step explanation:

I'm on an ocps school laptop and i can't see the image

Answer:

D. x+2y=12

Step-by-step explanation:

From the graph we know that the y-intercept is 6. (0,6) and the x-intercept is 12. (12,0)

The graph is going down so the slope is negative, from (0,6) count down to (0,0) and count right 12 unit to reach the x-intercept(12,0) the slope is -6/12 or -1/2.

the equation of the line is y=-1/2+6 or x+2y=12

x+2y=12

2y=-x+12

y=-1/2x+6

PLEASE HELP! URGENT

Answers

This is so easy give me time to answer it7293

50°

Step-by-step explanation:

notice the lines. from that you can tell that 3y+4=5y-10. with calculation, you get y=7. substitute y=7 and you get 50°

twice the square root of a number is 12​

Answers

Let us assume that the number is X

According to the statement:

2✓x = 12

Divide both sides by 2;

✓2 = 6

Square both sides,

x² = 6²

X = 36

Hence the required number is 36.

Consider a sample with data values of 27, 24, 21, 16, 30, 33, 28, and 24. Compute the 20th, 25th, 65th, and 75th percentiles. 20th percentile 20 Correct: Your answer is correct. 25th percentile 21 Incorrect: Your answer is incorrect. 65th percentile 27.5 Incorrect: Your answer is incorrect. 75th percentile 28 Incorrect: Your answer is incorrect.

Answers

Answer:

[tex]P_{20} = 20[/tex] --- 20th percentile

[tex]P_{25} = 21.75[/tex]  --- 25th percentile

[tex]P_{65} = 27.85[/tex]   --- 65th percentile

[tex]P_{75} = 29.5[/tex]   --- 75th percentile

Step-by-step explanation:

Given

27, 24, 21, 16, 30, 33, 28, and 24.

N = 8

First, arrange the data in ascending order:

Arranged data: 16, 21, 24, 24, 27, 28, 30, 33

Solving (a): The 20th percentile

This is calculated as:

[tex]P_{20} = 20 * \frac{N +1}{100}[/tex]

[tex]P_{20} = 20 * \frac{8 +1}{100}[/tex]

[tex]P_{20} = 20 * \frac{9}{100}[/tex]

[tex]P_{20} = \frac{20 * 9}{100}[/tex]

[tex]P_{20} = \frac{180}{100}[/tex]

[tex]P_{20} = 1.8th\ item[/tex]

This is then calculated as:

[tex]P_{20} = 1st\ Item +0.8(2nd\ Item - 1st\ Item)[/tex]

[tex]P_{20} = 16 + 0.8*(21 - 16)[/tex]

[tex]P_{20} = 16 + 0.8*5[/tex]

[tex]P_{20} = 16 + 4[/tex]

[tex]P_{20} = 20[/tex]

Solving (b): The 25th percentile

This is calculated as:

[tex]P_{25} = 25 * \frac{N +1}{100}[/tex]

[tex]P_{25} = 25 * \frac{8 +1}{100}[/tex]

[tex]P_{25} = 25 * \frac{9}{100}[/tex]

[tex]P_{25} = \frac{25 * 9}{100}[/tex]

[tex]P_{25} = \frac{225}{100}[/tex]

[tex]P_{25} = 2.25\ th[/tex]

This is then calculated as:

[tex]P_{25} = 2nd\ item + 0.25(3rd\ item-2nd\ item)[/tex]

[tex]P_{25} = 21 + 0.25(24-21)[/tex]

[tex]P_{25} = 21 + 0.25(3)[/tex]

[tex]P_{25} = 21 + 0.75[/tex]

[tex]P_{25} = 21.75[/tex]

Solving (c): The 65th percentile

This is calculated as:

[tex]P_{65} = 65 * \frac{N +1}{100}[/tex]

[tex]P_{65} = 65 * \frac{8 +1}{100}[/tex]

[tex]P_{65} = 65 * \frac{9}{100}[/tex]

[tex]P_{65} = \frac{65 * 9}{100}[/tex]

[tex]P_{65} = \frac{585}{100}[/tex]

[tex]P_{65} = 5.85\th[/tex]

This is then calculated as:

[tex]P_{65} = 5th + 0.85(6th - 5th)[/tex]

[tex]P_{65} = 27 + 0.85(28 - 27)[/tex]

[tex]P_{65} = 27 + 0.85(1)[/tex]

[tex]P_{65} = 27 + 0.85[/tex]

[tex]P_{65} = 27.85[/tex]

Solving (d): The 75th percentile

This is calculated as:

[tex]P_{75} = 75 * \frac{N +1}{100}[/tex]

[tex]P_{75} = 75 * \frac{8 +1}{100}[/tex]

[tex]P_{75} = 75 * \frac{9}{100}[/tex]

[tex]P_{75} = \frac{75 * 9}{100}[/tex]

[tex]P_{75} = \frac{675}{100}[/tex]

[tex]P_{75} = 6.75th[/tex]

This is then calculated as:

[tex]P_{75} = 6th + 0.75(7th - 6th)[/tex]

[tex]P_{75} = 28 + 0.75(30- 28)[/tex]

[tex]P_{75} = 28 + 0.75(2)[/tex]

[tex]P_{75} = 28 + 1.5[/tex]

[tex]P_{75} = 29.5[/tex]

Cameron combined peanuts, cashews and walnuts to make a trail mix. The expression 16p+24c+32w represents the total number of nuts in the mix. Cameron wants to divide the trail mix into equal servings, but he does not know how many. Use factoring to write expressions that will help Cameron divide the trail mix into 4 servings or 8 servings.

Answers

72 nuts mix the trail 4 ➕ 8

Answer:

Step-by-step explanation:

Which value of x makes the two matrices inverses of each other?
5
2
1
-2
2
1
5
-2
-1
2

Answers

Answer:

A: -2

Step-by-step explanation:

TOOK THE TEST

Write an equation in slope-intercept form of a line that has a slope of -2/3 and a y-intercept of 6.​

Answers

respondo por qué el juego me lo diste 2+24

Answer:

y = -2/3x + 6

Step-by-step explanation:

Equation in slope-intercept form:

y = mx + b

Substitute values:

y = -2/3x + 6

1. (a) Find the remainder when 5x2 – 3x + 6 is divided by 2x-1​

Answers

Answer:

The answer is 5/2X - 1/4. The remainder is 23/4.

Kaitlin has four and two-thirds berry pies. She is going to share it equally among 12 people. How much pies will each person get?

Answers

Answer:

7/18

Step-by-step explanation:

4 2/3=14/3

(14/3)/12=14/36

reduces to

7/18

find the lenght of ab

Answers

Answer:

20.6 cm (im pretty sure lol)

Step-by-step explanation:

sine rule:

(ab = x)

13.5/sin41 = x/sin90

13.5sin90/sin41 = x

x = 20.57741667

ab = 20.6cm

HELP EMERGANCY FAST ANSWERS TIME LIMIT
Assume Sheila's nominal salary increases from $42,000 in 2003 to $69,000 in 2004.
If the Deflator increased from 106 in 2003 to 109 in 2004 and the CPI increased
from 184 in 2003 to 190 in 2004, what was Sheila's percentage increase in real
income?
6

Answers

Answer:

E)

Step-by-step explanation:

1 - (69,000 / 42,000) = .64285 * 100% = 64.3%

How many points are needed to determine a straight line?
A. only one point
B. at least two points
C. at least three points
D. more than three points

Answers

Answer:

b

Step-by-step explanation:I hope this helps

Do you still need help with this question

Which expression is undefined?

Answers

Answer:

C. 4/0

Step-by-step explanation:

You can't divide 4 by 0.

A. you would have gotten -0.5

B. you would have gotten 0

D. you would have gotten 0

Hope this help!! :)

Answer:

C. [tex]\frac{4}{0}[/tex]

Step-by-step explanation:

you cannot divide by zero, therefore option C is the correct choice because [tex]\frac{4}{0}[/tex] means 4 ÷ 0.

if 0 was the numerator, like in [tex]\frac{0}{4}[/tex] or 0 ÷ 4, the answer would be 0 because 0 divided by 4 is 0. this can be kind of confusing at times, but just remember that as long as 0 is the denominator in a fraction (meaning the 0 is under the fraction bar), the answer will always come out as undefined because you can't divide by 0.

i hope this helps! have a great day <3

Which expression is equivalent to -32^3/5?

Answers

Answer:

the first one

Step-by-step explanation:

find the highest common factor using prime factorization for 27y and 54y³

Answers

Given:

27y and 54y³

​To find:

The highest common factor (HCF) using prime factorization.

Solution:

We have,

27y and 54y³

Using the prime factorization, we get

[tex]27y=3\cdot 3\cdot 3\cdot y[/tex]

[tex]54y^3=2\cdot 3\cdot 3\cdot 3\cdot y\cdot y\cdot y[/tex]

Now, the common prime factors are 3, 3, 3 and y. So,

[tex]HCF=3\cdot 3\cdot 3\cdot y[/tex]

[tex]HCF=27y[/tex]

Therefore, the highest common factor of the given terms is 27y.

write the digit on the blank which occupies the place value​

Answers

Answer:

guganitckihkgucifufu

Consider the function f(x) =
9-x²/x² - 4
For which intervals is f(x) positive? Check all that apply.
1 (-00, -3) )
(-3, -2)
0 (-2, 2)
(2,3)
(00, 3)

Answers

Answer:

a c

Step-by-step explanation:

You want to take out a loan to buy a new car for which you need to finance $20,089. Your bank will give you a loan at 10% compounded monthly. You look at your budget and decide that you can afford a payment of $269 a month. How many years, to the nearest tenth of a year, must the loan be taken out to meet these conditions?
A) 20.5 years
B) 13.7 years
C) 9.8 years
D) 5.9 years

Answers

The answer is b 9.8 years




Can someone help me please?

Answers

Given:

A line segment AB.

A point is [tex]\dfrac{3}{10}[/tex] of the way from A to B.

To find:

The coordinates of that point.

Solution:

Section formula: If a point divide a line segment in m:n, then

[tex]Point=\left(\dfrac{mx_2+nx_1}{m+n},\dfrac{my_2+ny_1}{m+n}\right)[/tex]

From the given figure, it is clear that the two end points of the line segment are A(-4,-5) and B(12,4).

Let the unknown point be P. The point is [tex]\dfrac{3}{10}[/tex] of the way from A to B. It means,

[tex]\dfrac{AP}{AB}=\dfrac{3}{10}[/tex]

Let AP and AB are 3x and 10x, then

[tex]\dfrac{AP}{PB}=\dfrac{AP}{AB-AP}[/tex]

[tex]\dfrac{AP}{PB}=\dfrac{3x}{10x-3x}[/tex]

[tex]\dfrac{AP}{PB}=\dfrac{3x}{7x}[/tex]

[tex]\dfrac{AP}{PB}=\dfrac{3}{7}[/tex]

It means, point P divided the line segment in 3:7.

Using section formula, we get

[tex]P=\left(\dfrac{3(12)+7(-4)}{3+7},\dfrac{3(4)+7(-5)}{3+7}\right)[/tex]

[tex]P=\left(\dfrac{36-28}{10},\dfrac{12-35}{10}\right)[/tex]

[tex]P=\left(\dfrac{8}{10},\dfrac{-23}{10}\right)[/tex]

[tex]P=\left(0.8,-2.3\right)[/tex]

Therefore, the coordinates of the required point are (0.8, -2.3).

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