2. Lorena is trying to choose between two different savings accounts at H-Town Bank. She will deposit $3,500 dollars and will leave the money in the account for 12 years. There will be no additional money deposited or withdrawn from the account.​

Answers

Answer 1

Answer:

First of all, this question is not complete. So, we will be hypothetically create two accounts and try to choose the one with the greater profit.

Choice 1 = X = Final Amount after 12 years = $5600

Choice 2 = Y = Final Amount after 12 years = $6285.50

Hence, Lorena should choose choice 2, as it gives more profit over than choice 1.

Step-by-step explanation:

First of all, this question is not complete. So, we will be hypothetically create two accounts and try to choose the one with the greater profit.

Initial Deposit Amount = $3500

Time period = 12 years

Let's Suppose Lorena has two X and Y choices of accounts at H-town Bank.

X = simple interest of 5% over the initial amount for 12 years.

Y = Compound interest 5% over the initial amount for 12 years.

Solution:

Let's calculate the profit for choice 1 = X

Simple interest = 5%

Initial amount = $3500

Time period = 12 years

Formula = A = P (1 + rt)

where, A = Final amount after 12 years

t = time period in years  = 12

P = initial amount to be deposited = $3500

r = annual interest rate = 5%

Plug in the values to get the total amount.

A = 3500(1+0.05x12)

A = $5600 = final amount Lorena will get after 12 years.

Let's calculate the profit for choice 2 = Y

Compound interest = 5%

Initial amount = $3500

Time period = 12 years

Formula = A = P [tex](\frac{r}{n} + 1)^{nt}[/tex]

where,

A = Final amount after 12 years

t = time period in years  = 12

P = initial amount to be deposited = $3500

r = annual interest rate = 5%

n = number of times interest rate is applied or compounded. = 12

Plug in the values to get the total amount.

A = P [tex](\frac{r}{n} + 1)^{nt}[/tex]

A = $6285.50

Hence, Lorena should choose choice 2, as it gives more profit over than choice 1.


Related Questions

What is the value of X?

Answers

X would = 1/3 if this isn’t right tell me

The answer is x = 11/36

lt is 100% right

4 thousandths times 3 (like this plz 0.004x3)

Answers

Answer:

0.012

Step-by-step explanation:

0.004 * 3 = 0.012

please help super confused

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Answer:

∠ EHK

Step-by-step explanation:

Adjacent angles are positioned next to each other on a straight line and are supplementary.

∠ IHK is next to ∠ EHK on the line DI and are adjacent

A 2.5-kg bag of flour contains enough flour to make 4 cakes. a) How much flour is needed to make 50 cakes?

Answers

Answer:

31.25 kg of flour is needed to make 50 cakes

Step-by-step explanation:

A 2.5-kg bag of flour contains enough flour to make 4 cakes. a) How much flour is needed to make 50 cakes?

We can find it by using unitary method i.e first find quantity of flour needed for 1 cake and then we can find quantity of flour needed for 50 cakes.

Flour needed to make 4 cakes = 2.5 kg

Flour needed to make 1 cake = [tex]\frac{2.5}{4}[/tex] kg

Flour needed to make 50 cakes = [tex]\frac{2.5}{4}\times 50[/tex]

                                                      = 31.25 kg

So, 31.25 kg of flour is needed to make 50 cakes

can someone help simplify the following expression. 7t -3t + 4
A 4t + 4
B 7t - 1
D 10t + 4
C10 + 4

Answers

The answer is b I did this before


Identify the constant of proportionality

Answers

The answer is #2. 3/2. The dot rises 3 lines and moves to the right 2 lines.

find the value of x in each of the given triangles.​

Answers

Answer:

7.5

Step-by-step explanation:

10x + 8x + 6x = 180°

24x = 180°

x = 180°÷24

× = 7.5

HOPE IT HELPS YOU.

HOPE IT HELPS YOU.

HOPE IT HELPS YOU.

A stack of books is 5 feet 5 inches high. How high is it in inches?

Answers

Well first, you have to know that there are 12 inches in a foot so, that's 12 / 3 = 4, so that means that for every foot, there are 4 books. The books are 5 feet tall so 4 x 5 = 20. Your answer is: 20 books are in a stack.

Answer:

Step-by-step explanation: I would do 5x12 because there are 12 inches in one foot so 5x12 is 60 so there is 60 inches

The trainers at Atlantis Aquarium perform shows about sea life. Yesterday, they performed 4 shows in 2 hours. Today, they will perform 6 shows. If they perform shows at the same rate, how many hours will the trainers spend performing shows today?

Answers

Answer:

3 hours

Step-by-step explanation:

Number of shows : Time taken

= 4 : 2

Today, they will perform 6 shows.

Number of shows : Time taken

= 6 : x

Equate both ratios to find x

4 : 2 = 6 : x

4/2 = 6/x

Cross product

4 * x = 2 * 6

4x = 12

x = 12/4

x = 3 hours

The trainers will spend 3 hours performing shows today

Answer:

3 hours

Step-by-step explanation:

Please PLEASE HELPPP!!!!!!

Answers

Answer:

5/2

Step-by-step explanation:

10 multiplied by 5/2 gives us 25, so the scale factor is 5/2.

expand and simplify (x-4)(x-1)

Answers

Step-by-step explanation:

(x - 4)(x - 1)

= x² - x - 4x + 4

= x² - 5x + 4.

Answer:

[tex]\huge(x - 4)(x - 1) \\ \huge= {x}^{2} - x - 4x + 4 \\ \huge = {x}^{2} - 5x + 4[/tex]

(x^2-5x+4) is the right answer.

A bear cub weighed 10 pounds. Each month it gains 5 pounds. Which equation correctly shows this linear relationship.
A.Y=5x +10
B.Y=10x +5
C.Y=5x-10
D.Y=10x-5

Answers

Answer:

A. Y = 5x + 10

Step-by-step explanation:

The bear gains 5 pounds a month. The X represents the months in which five pounds gradually build. This is represented by 5x. We need to add the bears original 10 pounds so Y = 5x + 10.

Answer:

a is the answer I did dat before

Хеллльпппппп please ......

Answers

Answer:

B

Step-by-step explanation:

Which expression is equivalent to 5/6c + 76c, if c+ 0?

Answers

Answer:

0

Step-by-step explanation:

If c=0

that expression also equals 0

Solve the equation for y. y-x=5

Answers

y - x = 5

y = x + 5

Hope this helps! :)

Answer:

Hi! The correct answer is y=5+x!

Step-by-step explanation:

~Add x to both sides of the equation~

plzzzzzz i will give u a thank u and 5 stars

Answers

Answer:

the answer is 440 square inches.

you just have to multiply all the numbers.

Answer:

B. 440 square inches

Step-by-step explanation:

all you have to do multiply 5x8x11 = 440

Anyone know the answer ?

Answers

Answer:

74 is the answer

Step-by-step explanation:

64+42=106

180-106=74

hope this helped!

Answer: 74°

42+64=106

180-106=74

I hope this helps :

(Dont answer if you dont want alot of notifs)
If Logx (1 / 8) = - 3 / 2, then x is equal to
A. - 4
B. 4
C. 1 / 4
D. 10

Answers

Answer:

According to my problem solving, the answer should be B. 4

Step-by-step explanation: it might be wrong but worth a shot

A restaurant keeps eggs in a rack that has 5 layers. Each layer has 5 rows, with 5 eggs in each row. How many eggs does each 5-layer rack hold?

Answers

Answer:

The answer is 125 eggs.

The total number of eggs required will be 125.

What is an expression?

The mathematical expression is the combination of numerical variables and operations denoted by addition, subtraction, multiplication, and division signs.

Mathematical symbols can be used to represent numbers (constants), variables, operations, functions, brackets, punctuation, and grouping. They can also be used to denote the logical syntax's operation order and other properties.

Given that a restaurant keeps eggs in a rack that has 5 layers. Each layer has 5 rows, with 5 eggs in each row. The number of eggs will be calculated as:-

Number of eggs = 5 x 5 x 5

Number of eggs = 125

Therefore, the total number of eggs required will be 125.

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Plz help me I need tu turn this is by midnight!!

Answers

Answer:

The last answer.

Step-by-step explanation:

It looks to be the correct answer because for the one above you can't simplify 27 by 5.

it’s the last choice, b/5 = 7

How many solutions does this system have?

y = 5 x minus 1. y = negative 3 x + 7.

no solutions
one unique solution
two solutions
an infinite number of solutions

Answers

Answer:

One

Step-by-step explanation:

There will be one unique solution of the equation y = 5x - 1 and y = 3x + 7. The correct option is B.

What is a system of equations?

A finite collection of equations for which we searched for common solutions is referred to in mathematics as a system of equations, sometimes known as a set of simultaneous equations or an equation system. Similar to single equations, a system of equations can be categorized.

A linear equation can only have one unique solution, which is a location at which the LHS and RHS of the equation are equal. There is only ever one solution to a linear equation with one variable.

y = 5x - 1

y = 3x + 7

5x - 1 = 3x + 7

2x = 8

x = 4

y = 19

Therefore, there will be one unique solution of the equation y = 5x - 1 and y = 3x + 7.

To know more about the system of equations follow

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The function can be used to determine the milligrams D of a certain drug in a patient's bloodstream h hours after the drug has been given. How many milligrams (to two decimals) will be present after

Answers

Answer: 0.09 mg

Step-by-step explanation:

To find out the milligrams in the blood after 10 hours you just need to replace the 'h' in the equation to 10.

= 5e⁻⁰°⁴ˣ¹⁰

= 5e⁻⁴

= 0.09157819444

= 0.09 mg

Teresa is going with her family to watch

professional barrel racers. Her family

buys 6 tickets. They have a coupon for

$1.50 off each ticket. They pay $52.50

altogether for their tickets. Write an

equation that you could use to represent

the situation. What is the price of a ticket

before using the coupon?

Answers

Answer:

6 * (x - 1.50) = 52.50 ; 10.25

Step-by-step explanation:

Given that :

Number of tickets purchased = 6

Coupon off per ticket = 1.50

Total Amount paid for tickets = $52.50

Let x = initial price of ticket :

Number of tickets purchased * (Initial ticket price - coupon) = total amount paid

6 * (x - 1.50) = 52.50

6x - 9 = 52.50

6x = 52.50 + 9

6x = 61.50

x = 61.50 / 6

x = 10.25

Hence, initial price of ticket = $10.25

i need help on this question

Answers

Answer:

5

Step-by-step explanation:

9+6=15

15/3=5

Step-by-step explanation:

[tex] \frac{a + b}{c} = \frac{9 + 6}{3} = \frac{15}{3} = 5 \: ans[/tex]

The area of Tyrone's square bedroom is 144 square feet. He wants to paint the walls of his room. How much paint would he need to paint all four sides?

I'll give brainliest ​

Answers

Answer:

Each side is 12 feet.

Write an explicit formula of an , the nth term of the sequence 22,20,18

Answers

Answer:

an =24−2n

Step-by-step explanation:


Make
x
the subject of the formula
x

p
=
t

Answers

Answer:

x = t + p

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Equality Properties

Step-by-step explanation:

Step 1: Define

x - p = t

Step 2: Solve for x

Add p to both sides:          x = t + p

What is the equation of a line that passes through the points (–3, 4) and (2, 8)?

Answers

Answer:

[tex] \frac{y - 4}{x - ( - 3)} = \frac{8 - 4}{2 - (- 3)} \\ \frac{y - 4}{x + 3} = \frac{4}{5} \\ 5(y - 4) = 4(x + 3) \\ 5y - 20 = 4x + 12 \\ \boxed{4x - 5y + 32 = 0}[/tex]

4x-5y+32=0 is the right answer.

Casi drove 135 miles in 3 hours. Use a proportion to find how long it would take her to drive 360 miles at the same speed.

Answers

Answer:

8 hours

Step-by-step explanation:

We are given that

Casi traveled distance in 3 hours=135 miles

We have to find the time taken by Casi to drive 360 miles at the same speed using proportion .

Let time taken by Casi to drive 360 miles=x

We know that

Speed=[tex]\frac{Distance}{time}[/tex]

Using proportion

[tex]\frac{a}{b}=\frac{c}{d}[/tex]

[tex]\frac{135}{3}=\frac{36}{x}[/tex]

[tex]x=\frac{360\times 3}{135}[/tex]

[tex]x=8[/tex]

Hence, the time taken by Casi to drive 360 miles=8 hours

3/5 pint of juice is poured equally into 6 glasses. How much juice is in each glass? Answer in a complete sentence.

Answers

Answer:

3/30

Step-by-step explanation:

Answer:

1/10

Step-by-step explanation:

you divide by 3/5 by 6

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