Otis has saved $18,500 so far to buy a
house. He can put this amount into an
account that earns 5.1% simple interest,
or another with 5.1% compounded
annually. Which method of earning
interest should he choose, simple or
compound, and how much more interest
will the account earn using that method
after 4 years?
F Compound interest; $15,106.30
G Simple interest; $15,106.30
H Simple interest; $298.65
J Compound interest; $298.65
no

Answers

Answer 1

9514 1404 393

Answer:

  J Compound interest; $298.65

Step-by-step explanation:

Interest compounding pays interest on the interest. For the same annual rate, any amount of compounding will earn more interest.

For short time periods, the effect of compounding is not great. In general, it will be a fraction of the equivalent simple interest rate. Here, the effective multiplier for annual compounding is ...

  1.051^4 = 1.22024337

and the effective multiplier for simple interest is ...

  1 +0.051·4 = 1.204

Then the difference in interest rate multiplier for the 4-year period is ...

  1.22024337 -1.204 = 0.01614337

That fraction of the $18500 principal is $298.65.

Compound interest earns $298.65 more than simple interest in this scenario.


Related Questions


Russell has already taken 540 quizzes during past quarters, and he expects to have 5 quizzes
during each week of this quarter. After attending 5 weeks of school this quarter, how many
quizzes will Russell have taken in total? Write and solve an equation to find the answer.
quizzes
Help please it’s IXL

Answers

Answer:

565

Step-by-step explanation:

5x5=25

540+25=565

i will mark a thanks and give 10 points please answer

Answers

Answer:

D

Step-by-step explanation:

because it is not a linear equation

what is 9999999999999999999999999999999 X .906 X 828288282 right answers only no g00gle if you comment without a actual right answer i will report you

Answers

Answer:

there are a total of 31 9's in the beginning and breaking my head open doing this math from writing on paper we get about 7.50e+39

Step-by-step explanation:

x2y3z - y3z2 – xyz2 + yz3

Answers

Sorry if it’s wrong but I think it’s like that

add h and 6, then subtract 2 from the result​

Answers

Answer:

Step-by-step explanation:

(h + 6) - 2    Here we find the sum of h and 6, and from that sum we subtract 2.

This simplifies to h + 4.

Answer:

h+4

Step-by-step explanation:

h+6-2=h+4

Last Wednesday, students could choose ham or turkey sandwiches for lunch. The cafeteria made 64 sandwiches in all, 16 of which were turkey. What percentage of the sandwiches were turkey sandwiches?

Answers

Answer:Percentage of the sandwiches which were turkey=25%

Step-by-step explanation:

Number of sandwiches in all(ham and  turkey)=  64

Number of turkey sandwiches =16

Percentage of the sandwiches which were turkey=16/64 x 100

=0.25 x 100

=25%

HI HELP THANK YOU LOVE U SM BAES

Answers

the answer is b 1/2 <3

In the figure, the measure of angle 6 6 is 141° 141 ° . What is the measure of angle 5 5 ?

Answers

Answer:

131° 131°=5 5 is the measure for 5 5

Answer: 181

Step-by-step explanation: i got it right on imagine math and the person above me is correct


ur pretty and perfect! Have a great day!

Help plz
Jacey has 40 pizzas to sell in the concession stand at a basketball game . Each pizza has been cut into 8 slices of equivalent size. In the first hour, Jacey sold 16 3/8 pizzas . In the second hour , she sold 18 3/4 pizzas . How many pizzas does Jacey have left to sell?

Answers

Answer:

Jacey has 5 2/3 (ignore this it asked for 20 characters)

A sphere has a volume of approximately 24,416.64 cubic inches (using 3.14 for ).


The diameter of the sphere is ___ inches.

Answers

Answer:

diameter = 36 in.

Step-by-step explanation:

V = 4π r^3/3

24416.64 = (4(3.14) r^3)/3

73249.92 = 12.56 r^3

r^3 = 5832

r = cube root of 5832 = 18

diameter = 36 in.


There were 23 votes in the class
Election. Melika received 5 votes more
Than her opponent. If mequals Melika's
Votes, which expression shows her
Opponent's votes?
A) M + 5
B) M - 23
C) 23 - m
D) 23 - (
m5)

Answers

Answer:

check my explanation

Step-by-step explanation:

the answer is option A.

I think

What is the decimal that is equivalent to the fraction 59/100

Answers

Answer:

0.59

59/100 as a decimal is 0.59. Step-by-step explanation:

A cab company charges $0.70 per cab ride, plus an additional $1 per mile driven. If a cab ride is 40.55 miles long, how much will it cost?

Answers

Answer:

41.25

Step-by-step explanation:

0.70 + 1 (40.55) = 41.25

Kayla owns a food truck that sells tacos and burritos. She sells each taco for $3 and each burrito for $7.25. Yesterday Kayla made a total of $595 in revenue from all burrito and taco sales and there were twice as many burritos sold as there were tacos sold. Write a system of equations that could be used to determine the number of tacos sold and the number of burritos sold. Define the variables that you use to write the system.

Answers

Let t = the number of tacos sold
Let b = the number of burritos sold
3t + 7.25b = 595
B=2t

PLEASE HELP ME can someone explain and give the answer

Answers

Answer:

[tex] {eb}^{2} = {ab}^{2} + {ea}^{2} \\ {ab}^{2} = {eb}^{2} - {ea}^{2} \\ {ab}^{2} = {20}^{2} - {12}^{2} \\ ab = 16 \\ \\ {db}^{2} = {bc}^{2} + {dc}^{2} \\ {bc}^{2} = {db}^{2} - {dc}^{2} \\ {bc}^{2} = {20}^{2} - {16}^{2} \\ bc = 12 \\ \\ so \: ac = ab + bc \\ ac = 28[/tex]

Can someone plz help

Answers

you’d add 42.7 and 90 to get 132.7 then you’d subtract that to find the missing number and get 47.3

Need help on this please!! ASAP!!

Answers

Answer:

The value of n is -14

Step-by-step explanation:

x3 × x-17

x3-17

x-14

Exponential Law for same base:

[tex]{ \large{ \sf{ \red{ \star \: \: { \boxed{ \sf{(x {}^{a} )(x {}^{b} ) = x {}^{a + b} }}}}}}}[/tex]

Given:

[tex]{ \large{ \sf{ \red{ \rightarrow(x {}^{3} )(x {}^{ - 17} ) = x {}^{n} }}}}[/tex]

[tex]{ \large{ \red{ \sf{ \rightarrow{x {}^{3 - 17} = x {}^{n} }}}}}[/tex]

[tex]{ \large{ \sf{ \red{ \rightarrow{x {}^{ - 14} = x {}^{n} }}}}}[/tex]

[tex]{ \large{ \blue{ \therefore{ \underline{ \underline{ \sf{n = - 14} \: \: Ans.}}}}}}[/tex]

There are 2.54 centimeters in 1 inch. There are 100 centimeters in 1 meter. To the nearest meter, how many meters are in 396 inches? Enter the answer in the box.

Answers

Hello, I Am BrotherEye

Answer:

Multiply total meters by 100 to get total centimeters:

6 meters x 100 = 600 centimeters.

Now divide total centimeters by 2.554 to get total inches:

600 centimeters / 2.54 = 236.22 inches.

Rounded to the nearest inch = 236 inches.

Step-by-step explanation:

*Important!

You multiply the length of the value by 39.37

Meaning that if you have 6 meters you would

      Multiply it by 39.37 and get 236.22 inches. Please remember these rules for they will assists you in the future.

~

BrotherEye

adding and subtracting polynomials. help?

Answers

hope this help you! have a great day

At summer camp, the cook asks 6 campers to help with slicing watermelons. Each camper slices 4 ½ watermelons. How many melons do the campers slice?

Answers

Answer:

27 melons

Step-by-step explanation:

Number of melons sliced = Number of melons sliced by each camper * number of campers

 = 4 1/2 * 6

[tex]= \frac{9}{2}*6\\\\=9*3\\\\= 27[/tex]

Answer:

Solution :-

No. of campers = 6

Melon slice by 1 camper = 4½

Total melons sliced = 4 ½ × 6

Total melons sliced = 9/2 × 6

Total melons sliced = 9 × 3

Melons sliced = 27★

[tex] \\ [/tex]

PLEASE HELP ME !!! IT’S DUE TODAY !!!

Answers

Answer:

Bru how can u not know that

Step-by-step explanation:

1. 2 pieces

2. 0.008

3. 4 pieces

4.0.016

5. 8 pieces

6.0.32

7.16

8.0.64

I WILL GIVE BRAINLEST

Jenny is a full-time college student at the local university. She is debating whether to purchase renter's insurance or not. In at least one paragraph, give Jenny 3 reasons why purchasing renter's insurance is important. Also, give your recommendation on how much renter's insurance she should purchase and why.

I WILL GIVE BRAINLYEST

Answers

Jenny is a full-time college student at the local university. She is debating whether to purchase renter’s insurance or not. In at least one paragraph, give Jenny 3 reasons why purchasing renter’s insurance is important. Also, give your recommendation on how much renter’s insurance she should purchase and why.a. Answers will vary. Jenny should purchase at least$11,050 worth of coverage to ensure that all of her belongings are covered.

i HOPE IT'S HELP

Identify CD. Please help ASAP

Answers

Answer: CD=7

Step-by-step explanation: By the definition of congruence, AB=CD.

Substitute the given expressions for AB and CD.

x+5=2x+3

Subtract x from both sides.

5=x+3

Subtract 3 from both sides.

2=x

Substitute x=2 back into the expression for CD and simplify.

CD=2(2)+3=7

Therefore, CD=7.

       I hope this helps.                                          

                                                                                      ariana          



help pls D:


9. The table represents some points on a linear
function. Which situation can be modeled by this
function?
X
3
5
7
11
Y
228
380
532
836
A. The cost of buying number of concert tickets for
$76 each.
B. The number of pages y that can be read in 76
minutes.
C. The number of gallons of fuel xthat can be used to
travel 228 miles.
D. The amount of money spent from a savings
account with y dollars.

Answers

A. The cost of buying x number of concert tickets for $76 each.

Answer:

A

Step-by-step explanation:

GIVING BRAINLIEST, PLS HELP!!!!! :((

Write a statement that correctly describes the relationship between these two sequences: 2, 4, 6, 8, 10 and 1, 2, 3, 4, 5.

Answers

Answer:

let the first sequence be denoted by A

and other sequence be B

then if be take 2 as common by A then we get 1 2 3 4 5 which is same as B this means A is double of B

Answer:Each term in the first sequence is the product of the second sequence multiplied by 2.Step-by-step explanation:1, 2, 3, 4, 5 are multiplied by 2 to get the product of the following terms: 2, 4, 6, 8, 10.

Hope this Helps!

Pls? Help? No links pls lol

Answers

(2, -3) is the answer

Solve the equation. 6x−7=2x+13

Answers

Answer:

6x - 7 = 2x + 13

6x - 2x = 13 + 7

4x = 20

x = 20/4

x = 5

Hope it helps!

X=5 that’s the answer

5/6 + 7/9
help me pls

Answers

Exact form : 29/18
Decimal form:1.61
Mixed number form: 1 11/18

is y = 5x + 2 greater than y = 3x + 15

Answers

Answer:

no y = 3x +15 is greater

Step-by-step explanation:

Juanita is bringing the snacks for her daughter’s soccer team. Each girl on the team will eat 1/3 of an orange and drink one serving of juice or 1/9 of the amount in a bottle. How many oranges and how many juice bottles will she need for all 18 girls?show you work!!

Answers

Answer:

6 Oranges and 2 bottles of juice.

Step-by-step explanation:

For the amount of oranges: 18÷3=6 (take 1/3 of 18).

For the bottles of of Juice: 18÷9=2 (take 1/9 of 18).

in this question, if the numerator is 1, then just divide the number of girls by the denominator (eg. 3 and 9 in this case).

There are six oranges and two bottles of juice will she needs for all 18 girls.

What is the division operation?

In mathematics, divides left-hand operands into right-hand operands in the division operation.

For example 4/2 = 2

There are the total number of girls is 18. Each girl will eat 1/3 of an orange and one serving of juice, or 1/9 of the amount in a bottle.

To determine the number of oranges and the bottles of juice.

We have to divide the number of girls by the denominator (eg. 3 and 9 in this case).

For the number of oranges:

1/3 of 18

18 ÷ 3

18 / 3 = 6

For the bottles of Juice:

1/9 of 18

18 ÷ 9

18 / 9 = 2

Hence, there are six oranges and two bottles of juice will she needs for all 18 girls.

To learn more about the division operation click here :

brainly.com/question/25870256

#SPJ2

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