Bank A is lending money at 6.4% interest compounded annually. The rate at Bank B is 6.3% compounded monthly, and the rate at Bank C is 6.35% compounded daily. Determine the amount of interest you would earn at each bank if you invest $1500 for 12 months.Which bank will you pay the least amount?

Answers

Answer 1

Answer:

$1596

$1597.28

$1598.33

bank A

Step-by-step explanation:

The formula for calculating compound interest:

FV = P (1 + r/m)^mn

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

m = number of compounding

Bank A = $1500(1.064) = $1596

Bank B = $1500( 1 + 0.063/12)^12 = 1597.28

Bank C = $1500( 1 + 0.0635/365)^365 = $1598.33

Bank A pays the least amount of interest


Related Questions

Solve for y due in a hour

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Answer:

there's no problem to solve...could you write the problem?

yeyey! Happy Friday!!!
Help please I'll give brainliest '^'

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Answer:

75%

Step-by-step explanation:

Happy Friday!

Answer:

C

Step-by-step explanation:

75% is 3/4 of the circle. Pretend you are cutting a pizza. You cut the pizza into 4 pieces and you take out three of the pieces. This is what that would look like. The shaded area is the pieces you took. The white area is the piece you did not take.

Please help! “Cost of dinner at chewy’s: $38.72
Tip: 25%
What is the new cost ?”

Answers

Answer:

$48.40

Step-by-step explanation:

Answer: $48.40

Step-by-step explanation:

25%=0.25

38.72*0.25=9.68

38.72+9.68=48.40

I need help with this ​

Answers

Answer:

Step-by-step explanation:

Convert both mixed numbers to improper fractions

5 1/4 = (20 + 1)/4 = 21/4

5 2/5 = (25 + 2)/5 = 27/5

Write   21/4 * 27/5 as the new number sentence

Multiply 21 * 27 and 4*5

Divide 567 by 20  I don't see the answer clearly stated. but the answer is

28 7/20

This is a very good question to have at your finger tips. No doubt it will show up on a test at some point. Make sure you understand the steps.

Mr. Iceman wanted to prove that his statistics class was the most popular course in the school. He surveyed all of the top students in each of his statistics classes. This method of surveying will produce results that are
representative of the entire student population because it is a
sample

Answers

Answer:

,.........................................

Find the slope of the line

Answers

Answer:

negitive 4 2 to positive 42 i think

Step-by-step explanation:

Answer:

3/1, or 3

Step-by-step explanation:

Forgive me if this is wrong, the image is very blurry and hard to see

JUST REPOSTING THIS QUESTION UNTIL I GET A CORRECT ANSWER (Cause nobody will help me) XD

Answers

Answer:

x = 15

Step-by-step explanation:

Simplifying

3x + (8x + 15) = 180

Reorder the terms:

3x + (15 + 8x) = 180

Remove parenthesis around (15 + 8x)

3x + 15 + 8x = 180

Reorder the terms:

15 + 3x + 8x = 180

Combine like terms: 3x + 8x = 11x

15 + 11x = 180

Solving

15 + 11x = 180

Solving for variable 'x'.

Move all terms containing x to the left, all other terms to the right.

Add '-15' to each side of the equation.

15 + -15 + 11x = 180 + -15

Combine like terms: 15 + -15 = 0

0 + 11x = 180 + -15

11x = 180 + -15

Combine like terms: 180 + -15 = 165

11x = 165

Divide each side by '11'.

x = 15

Simplifying

x = 15

Answer:

x=15  Hope this helps :)

Step-by-step explanation:

Consider the line x-2y=-1 What is the slope of a line parallel to this line? What is the slope of a line perpendicular to this line?

Answers

Answer:

slope of line that is parallel is 1/2

slope of line that is perpendicular is -2

Step-by-step explanation:

parallel lines have the same slope

perpendicular lines have slopes that are opposite and reciprocal

x - 2y = -1

-2y = -x -1

y = 1/2x + 1/2

the coefficient of the 'x' term represents the slope

In addition to his base salary, Ron earns a commission. Last week he sold $14000 worth of clothing and brought home an extra $840 in commission. What is his rate of commission? If his base salary is $500, how much money did he earn last week?

Answers

Answer:

His rate is

[tex].0243[/tex]

The money he earned last week is 340

Just finding the area!​

Answers

Answer:

160yds²

Step-by-step explanation:

A = ((a + b) ÷ 2) × h

A = ((19 + 13) ÷ 2) × 10 = 160

good luck, i hope this helps :)

A skier is trying to decide wether or not to buy a season ski pass. A daily pass costs $79. A season ski pass costs $400. The skier would have to rent skies with either pass for $30 per day. How many days would the skier have to go skiing in order to make the season pass less expensive than the daily passes?

Answers

Answer:

4 days

Step-by-step explanation:

79 + 30 = $109

109 x 4 = $436

$325 is borrowed from a bank that charges 4% interest compounded annually. How much is owed after 1 year, 3
years, 7 years, and 20 years?

Answers

Answer:

338

365.58

427.68

712.12

Step-by-step explanation:

for annually compounding interest

PV(1+i)^n

for one year

325(1.04)

338

for 3 years

325(1.04)^3

365.58

For 7 years

325(1.04)^7

427.68

for 20 years

325(1.04)^20

712.12

solve for x...................................................................................

Answers

Answer:

x = 36°

Step-by-step explanation:

x + 20° + 4x = 200° { exterior angle of a triangle is equal to the sum of two opposite interior angles }

5x = 200° - 20°

5x = 180°

x = 180° / 5

x = 36°

Hope it will help :)

PLease help!!!!!!!!!

Answers

Answer:

1 + 1 = 6

Step-by-step explanation:

cuz = = 1 = 2= 3 = 4 = 4 =6

Fill in the blanks to complete the steps for finding the equation of a parallel line.
Start with the ____
form: y-yı = m(x - x).
Identify the _____
in the given equation.
Substitute this for _____
in y-yı = m(x -x.).
Substitute the given point's coordinates for____
and _____
in y-yı = m(x = x,).
Isolate y by distributing and simplifying to rewrite the equation in _____
= mx + b.
form: y
1) Protice

Answers

Answer:

1.point-slope

2.slope

Step-by-step explanation:

A baseball team had 70 players show up for tryouts last year and this year had 85 players show up for tryouts. Find the percent increase in players from last year to this year.

Answers

Answer:percent increase in players from last year to this year= 7.14%

Step-by-step explanation:

percent increase = (Increase  in number of players /Initial value of players Last year)  x 100

value of players for tryouts  last year = 70

value of players for tryouts this year = 85

Increase in tryouts = 85-70 =5

percent increase = 5/70 x 100

= 7.14%

The two objects are the same height, and the cylinder is just wide enough for the the box to fit inside with all 4 vertical edges of the box touching the inside of the cylinder. if the box of pasta fits 8 cups of rice, estimate how many cups of rice will fit inside the cylinder. Expalin or show your reasoing

Answers

Answer:

The answer is below

Step-by-step explanation:

The volume of a box with a length of l, width of w and a height of h is given by the formula:

volume of the box = length * width * height = lwh

The volume of a cylinder with a height of h, and radius r is given by the formula:

volume of the cylinder = π * radius² * height = πr²h

Since the box and the cylinder have the same height and the cylinder is wide enough for the box to be placed inside, this means that the box has a volume greater than that of the cylinder. Hence:

If the box can take 8 cups, the cylinder would be able to take 10 cups.

-4 (2y + 4)= 48 help plz

Answers

Answer:

y=-8

Step-by-step explanation:

-8y-16=48

    +16+16

-8y=64

y=-8

Answer:

y=-8

Step-by-step explanation:

-4(2y+4)=48

2y+4=-12

y+2=-6

y=-8

-4(2(-8)+4)=48

48=48

Help me with this pls

Answers

the answer is (A) 4 wfheyjtehetjtwy

Answer:

A. 4

Step-by-step explanation:

The y increases by 2 and the x increases by 8. Putting this into rise/run format this is 8/2, or 4/1 (4/1 is 4.)

Solve please I don’t know how to do this.

Answers

Answer:

its 63 lol

Step-by-step explanation:

Answer:

63

Step-by-step explanation:

x/3-10=11

x/3=21

crisscross then

x=21×3

c=63

Please help! What mistake did I make?

Answers

Answer:

Step-by-step explanation:

to make a negative, in addition, you can’t add a negative with a positive or the number would go from -3 + 2 = -1.

Joe borrowed 2,000 dollars from the bank at a rate of 7% simple interest per year.How much interest did he pay in 5 years​

Answers

Answer:

$700

Step-by-step explanation:

First you find what 7% of $2000 is,

(2000/100)7=140

$140 per year interest, over the course of five years that would be $700

140)5

The ratio of male to female students in a junior high
school is 13:17. Find the total population of the
school if there are 715 male students.


plsss.......answer ​

Answers

the total no of population=1650

13:17 first add the two numbers 13+17=30

then 13/30×y =715 , i make 13 at the numerator because it's males ratio

after that 30/13×13/30y =715 ×30/13

y =715×30/13

y =1650

after u find the total no it's simple to find the no of females

17/30×1650=935

Could someone answer all 5 questions please

Answers

Answer:

3=111

Step-by-step explanation:

3 equal 111 answer! hope I’m right

Solve the equations 25 - 3x = 40. Write the problem on the sketch pad then solve the problem algebraically. I need the answer and how you work it out :)

Answers

Answer:

Step-by-step explanation:

25-3x=40

25-25-3x=40-25

-3x=15

-3x/-3=15/-3

x=-5

can someone help meee

Answers

Answer:

As radius=3

area=pie×r^2

=28.274

What is the difference, in hours and minutes, between these times?
a) 12:35 and 15:20
b) 10:15 and 13:05
c) 4:30am and 6:50am
d) 9:55am and 1:15pm

Answers

Answer:

a)3hours and 15mins

b)3hours and 10mins

c)2hours and 20mins

d)8hours and 40mins

You have a box of 11 art projects that weighs 24 pounds. If you give your mom 7 of
your art projects, how much would her box weigh?

Answers

Answer:

15.2726

Step-by-step explanation:

so you figure out how much individual box weighs by dividing 24 by 11, which equals 2.1818. Then you times what you figured out what a single art project weighs (2.1818) by seven, and that gets you 15.2726

Answer:

15.27 ≅ 15 pounds if I'm not wrong :(

Step-by-step explanation:

11 projects : 24 pounds

7 projects : x pounds

x = (24 × 7) ÷ 11 = 15.27

Which value of x is in the domain of (photo)
A. X = 2
B. X = 0
C. X = 1
D. X = -2

Answers

Answer:

X=1

Step-by-step explanation:

A 2-column table with 9 rows. The first column is labeled year with entries 1970, 1975, 1980, 1985, 1990, 1995, 2000, 2005, 2010. The second column is labeled pounds of trash with entries 3.25, 3.25, 3.66, 3.83, 4.57, 4.52, 4.74, 4.69, 4.44.
The table shows the average number of pounds of trash generated per person per day in the United States from 1970 to 2010. Use the statistics calculator to calculate the mean and median. Round the answers to the nearest hundredth.

Answers

Answer:

The median of a list of numbers is the center number when you order the numbers from least to greatest.

Since there are 9 numbers; the center number is the fifth number. Four numbers below and four numbers above. Median is 4.44 and the mean or average is 4.09.

Step-by-step explanation:

List in order from least to greatest

(3.25, 3.25, 3.66, 3.83)  4.44  ( 4.52, 4.57, 4.69, 4.74) Notice 4 numbers below 4.44 are lower and 4 numbers above 4.44 are higher.  So the median number is 4.44

For the mean you add all the number and divide the sum by the number of numbers you have. We know you have 9 numbers from the first part. So, add the numbers from the list (3.25 +3.25+ 3.66 + 3.83 + 4.44 + 4.52 + 4.47 + 4.69 + 4.74)  = 36.85  Then divide by 9 = 4.09

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