Chris borrows 450 dollars from Gavin. Gavin lets Chris choose either a simple interest loan for 10 years with a 3.5% interest rate or loan compound annually for 7 years with a 2% interest rate. Which should Chris choose if he wants the cheaper plan?

Answers

Answer 1

Answer:

Chris should go for the LOAN THAT IS COMPOUNDED ANNUALLY because the interest rate is lower compared to the simple interest

Step-by-step explanation:

Chris borrows 450 dollars from Gavin.

Step 1

We find Simple Interest

Gavin lets Chris choose either a simple interest loan for 10 years with a 3.5% interest rate

Formula = P × R × T

= 450 × 3.5% × 10

= $157.5

Step 2

We find compound interest

loan compound annually for 7 years with a 2% interest rate.

First, convert R as a percent to r as a decimal

r = R/100

r = 3.5/100

r = 0.035 rate per year,

Then solve the equation for A

Formula:

A = P(1 + r/n)^nt

A = 450.00(1 + 0.035/1)(1)(7)

A = 450.00(1 + 0.035)(7)

A = $572.53

Interest = A - P where

P (principal) = $450.00

I = $572.53 - $450.00

I (interest) = $122.53

Which should Chris choose if he wants the cheaper plan?

Comparing the calculations above, Chris should go for the Loan that is compounded annually because the interest rate is lower compared to the simple interest


Related Questions

find all trigonometric functions of an angle θ in the third quadrant for which tan θ = 7/4

Answers

Answer:

[tex]y = 7 \\ x = 4 \\ r = \sqrt{33} \\ \cot(t) = \frac{4}{7} \\ \sin(t ) = - \frac{7}{ \sqrt{33} } \\ \cos(t) = - \frac{4}{ \sqrt{33} } [/tex]

2. Mr. Bowen’s test is normally distributed with a mean of 75 and a standard deviation of 3 points. Part A: What is the probability that a randomly selected score is greater than 81 points? Part B: What percentage of students scores are between 69 and 78? Part C: A student who scores a 84 is in the _______________ percentile.

Answers

Using the normal distribution, it is found that:

A. There is a 0.0228 = 2.28% probability that a randomly selected score is greater than 81 points.

B. 81.85% of students scores are between 69 and 78.

C. The student scored in the 99.87th percentile.

Normal Probability Distribution

The z-score of a measure X of a normally distributed variable with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex] is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The z-score measures how many standard deviations the measure is above or below the mean. Looking at the z-score table, the p-value associated with this z-score is found, which is the percentile of X.

In this problem, the mean and the standard deviation are given, respectively, as:

[tex]\mu = 75, \sigma = 3[/tex].

Item a:

The probability is one subtracted by the p-value of Z when X = 81, hence:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{81 - 75}{3}[/tex]

Z = 2.

Z = 2 has a p-value of 0.9772.

1 - 0.9772 = 0.0228.

0.0228 = 2.28% probability that a randomly selected score is greater than 81 points.

Item b:

The proportion is the p-value of Z when X = 78 subtracted by the p-value of Z when X = 69, hence:

X = 78:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{78 - 75}{3}[/tex]

Z = 1.

Z = 1 has a p-value of 0.8413.

X = 69:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{69 - 75}{3}[/tex]

Z = -2.

Z = -2 has a p-value of 0.0228.

0.8413 - 0.0228 = 0.8185.

81.85% of students scores are between 69 and 78.

Item c:

The percentile is the p-value of Z when X = 84, multiplied by 100, hence:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{84- 75}{3}[/tex]

Z = 3.

Z = 3 has a p-value of 0.9987.

The student scored in the 99.87th percentile.

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What is the slope m and y-intercept b of the equation y = 1/3x - 5?

Answers

Answer:

slope = 1/3 , y-int = -5

Step-by-step explanation:

y = mx + b

hope this helps!

2. What is the value of win this equation?
5w+ 3 = 9

Answers

Answer:

w = 1.2 or 6/5

Step-by-step explanation:

math

A park in a subdivision has a triangular shape. Two adjacent sides of the park are 433 feet and 520 feet. The angle between the side is 37 degrees. Find the area of the park to the nearest square foot. ​

Answers

Answer:

Step-by-step explanation:

Area of triangle is given by the formula:

1/2*a*b*sinC

= 1/2*433*520*sin(37degrees)

= 67752 sq ft

Answer:

Step-by-step explanation:

applying sine rule for area of triangle

Area = 1/2absin(c)

= 1/2x433x520xsin(37)

= 67752ft^2

PLEASE HELP, NO LINKS, 7TH GRADE MATH.

Jada is using pyramid-shaped piece of foam with the dimensions shown below for a model she is making. She has to paint the triangular surfaces for her model. The slant height of each triangular face is 9mm. The base will NOT be painted. Find the SURFACE AREA of the pyramid that has to be painted.

Answers

Answer:

The answer is 90 mm squared

Step-by-step explanation:

First off, Surface Area is the combined areas of the 2D shapes that make up a 3D shape. The formula for finding the area of a triangle (the 2D shape that makes up most of a pyramid) is a = 1/2 bh, which is basically area = 1/2 base (the un-slanted line) * the height, or the middle line.

Since there are 4 triangles, you would multiply this by 4 after solving, so

sa = 4(1/2bh)

Putting the numbers in, you'd get

sa = 4(1/2*5*9)

To solve:

sa = 4(1/2*45)

sa = 4(22.5)

sa = 90mm^2

The value of y varies directly with x. If x = 7, then y = -40. What is the value of x when y = 51?

Answers

Introduce a constant,

let it be (k)

Y=KX

-40 = K(7)

K= -5.7

Then,

Y =KX

51= -5.7(X)

X = -8.95~-9

A cylinder with radius 6 cm and height h cm has the same volume as a sphere with radius 4.5cm
Find the value of h.
(The volume, V, of a sphere with radius r is V=4/3pie r^3)

Answers

Answer:

h = 4.22 cm

Step-by-step explanation:

Mathematically, we have the volume of a cylinder as;

V = pie * r^2 * h

We have it that the radius is 6 cm

V = pie * 6^2 * h

for the sphere, we have it that;

V = 4/3 * pie * r^3

V = 4/3 * pie * 4.5^3

We can proceed to equate both volumes;

pie * 6^2 * h = 5/3 * pie * 4.5^3

pie on both sides cancel out

6^2h = 5/3 * 4.5^3

36h = 151.875

h = 151.875/36

h = 4.22 cm

3. Angle 1 and angle 2 are complementary angles. The measure of angle 1 is 18". The
measure of angle 2 is 12x. Find the value of x.

Answers

Answer:

x = 6

Step-by-step explanation:

Complementary angles always equal 90 degrees so something multiplied by 12 will have to equal something that will add up with 18 to get 90 so

12 × 6 = 72 and 72 + 18 = 90 Hope this helps you!

I really need the help

y>_ -5
y- 1 < 3x

Answers

Answer:

C

Step-by-step explanation:

read and do this is not that hard i know yall can do this

Answers

Answer:

parallelograms

Step-by-step explanation:

Isabelle went for a hike on Wednesday at camp. The hike took 2 hours and 10 minutes. As soon as she got back, Isabelle played volleyball for 1 hour and 55 minutes. It was 11:15 A.M. When Isabelle finished playing volleyball. What time did Isabelle start her hike?

Answers

Answer: 5:10 A.M.

Step-by-step explanation:

First find the total time that Isabelle spent playing volleyball and hiking.

= 2 hours and 10 minutes + 1 hour and 55 minutes

= 4 hours and 5 minutes

If she finished both activities at 11:15 am, the time she started was:

= 11:15 - 4 hours 5 minutes

= 5:10 A.M.

Help meeeee lleaseeeee :))

Answers

Answer:

a

Step-by-step explanation:

The answer will be the first option. Hope this helps

In which quadrant on a graph will (-5, -7) be found? *
Quadrant 1
Quadrant II
Quadrant III
Quadrant IV

Answers

Answer:

on a graph will (-5, -7) be found Quadrant III.

Kyleigh put a large rectangular sticker on her notebook. The height of the sticker measures 14 centimeters. The base is half as long as the height. What area of the notebook does the sticker cover?

Answers

Answer:

98 cm

Step-by-step explanation:

If the base is half the height, the base would be 7 cm. 14 X 7 = 98

4(8x−1) = 19+32x
I need help with a question I am kinda stuck on please someone help and please give me some steps for it at least some.

Answers

Answer: 0 = 23

Almost positiveee :))

Step-by-step explanation:

50 POINTS!! Geometry!!

Answers

Answer:

Step-by-step explanation:

since RS || VU   ( parallel to )   then the angle V is equal to ∠ VRS , also we are given that ∠VRT = 71°  so subtract  ∠VRT from ∠VRS

103° - 71° = 32°

so ∠TRS = 32°

next find ∠U,  we know that ∠U + ∠VRT= 180°  ( b/c they are supplementary )

we are also told that  ∠VRT = 71°

∠U = 180 - 71

∠U = 109°

Since RS || VU (parallel to) then the angle V is equal to VRS, also we are given that VRT = 71°

So subtract VRT from VRS,

103° -71° = 32°

So, TRS = 32°

next find U, we know that ZU + ZVRT= 180° (b/c they are supplementary)

We are also told that <VRT = 71"

U = 180° - 71°

U = 109° is the answer.

What is the quotient of Three-fourths and StartFraction 5 Over 6 EndFraction?

A fraction bar labeled 1. Under the 1 are 4 boxes labeled one-fourth. Under the 4 boxes are 6 boxes labeled one-sixth. Under the 6 boxes are 12 boxes labeled one-twelfth.

Answers

Answer:

B) 9/10

Step-by-step explanation:

I need help with this asapppp^^^^^^

Answers

Answer:

B

Step-by-step explanation:

Answer:

Option B

Step-by-step explanation:

A) 30w + 35 does not equal 65, because we are not given that w=1

B) 5(6w + 7) equals 30w + 35, so it is correct

C) 30w + 35 does not equal 65, because we are not given that w=1

D) 6w + 7 is (30w + 35)/5, which is not equal to (30w + 35)

E) N/A

I will give brainliest to whoever answers this question:) help a dummy out

Answers

Answer:

Step-by-step explanation:

Answer:

Step-by-step explanation:

The equation is a parabola, that opens up downwards,  and the point from which Sarah throws the ball is 5 feet off the ground.  so set the height to zero ( when the ball reaches the ground )  and solve for t

0 = -16[tex]t^{2}[/tex] + 18t + 5

use quadratic equation :)

-b +- sqrt([tex]b^{2}[/tex] - 4ac) / 2a

-18 +- sqrt[ [tex]18^{2}[/tex] - 4 (-16)(5) ] / 2(-16)

-18 +- sqrt[324 +320 ] / -32

-18 +- sqrt[644] / -32

-18 +- 25.377155 / -32

do the positive choice :

-18 + 25.377155 / -32

7.377155  / -32

-0.2305  ( so this answer would be where the ball would hit the ground if the arc extended down to the ground behind where Sarah throws the ball from. so this answer doesn't count in our domain. Because it's before Sarah throws the ball)

do the negative choice:

-18 - 25.377155 / -32

1.355536  ( this answer looks good, about 1.35 seconds for the ball to fly , this was more of a toss than a throw. )

t = 1.4 seconds ( rounded to nearest 10th )

What is the minimum current rating of the motor disconnecting means for a 7.5-horsepower, 115-volt, single-phase motor?

Answers

Answer:

Motor 1) 7 ½ horsepower single phase, 230 volts 40 ampere) ; Motor 2) 5 ... for a 2 horsepower 115 volt motor that has a full-load current rating of 24 ampere, ... Simultaneously disconnects all conductors of the circuit.

What is the common difference for this arithmetic sequence?
45, 39, 33, 27, 21, ...

Answers

Answer:

A. -6

Step-by-step explanation:

Answer:

-6

Step-by-step explanation:

Common difference of an arithmetic sequence=t2-t1

=39-45

=-6

Which type of sampling method is being employed in the following example:
“A post office manager was in charge of 11 postal delivery people. He wanted to do
a study on the customer's level of satisfaction for the customers he works with. So,
he asked 3 of his delivery people to ask every person on their delivery route to rate
their satisfaction of mail service on a scale of 1 to 10."

Answers

Answer:

Step-by-step explanation:

The sampling method employed in the given example is convenience sampling.

Convenience sampling is a non-probability sampling technique where the sample is selected based on its accessibility and convenience. In this case, the post office manager selected three delivery people from the total of 11 available. This selection was based on convenience, as they were already working for the post office.

The population in this scenario consists of all the customers the post office manager works with. Let's denote this population as N.

The post office manager used convenience sampling to select a subset of the population to participate in the study. The size of the sample is not explicitly mentioned, but we can assume it is the total number of customers on the three selected delivery routes. Let's denote the sample size as n.

Since convenience sampling does not involve random selection, the sample selected may not be representative of the entire population. The customers on the selected delivery routes may not be a fair representation of all the post office customers. This introduces a potential sampling bias.

It's important to note that convenience sampling can be quick and easy to implement but may not provide reliable or generalizable results. In this case, the post office manager may obtain information about customer satisfaction from a limited group, potentially leading to skewed or unrepresentative findings. For a more accurate and representative study, a different sampling method, such as random sampling or stratified sampling, could be employed.

To know more about Convenience Sampling here

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PLease help me will give branliest! desperate! Find the two missing sides and write your answer as in simplified radical form. image attached

Answers

Answer:

I have got,

x = 14

y = 12.1

Using trigonometric ratio.

Parralel lines cut by a transversal coloring activity. Please give explanation. Will give brainiest.

Answers

Step-by-step explanation: Do You Want Me To Find All The Values ?

Parallel lines intersected by a common transversal form 8 angles

The required values of y and x are;

5. y = 42°6. y = 29.5°7. y = 9°8. y = 14°9. y = 31°10. x = 20°11. x = 13°12. y = 39°

The reasons why the above values are correct are given as follows:

Given the lines are parallel lines cut by a common transversal, we have;

Angles with measure (2·y - 1)° and (9·x - 38)° are same side interior angles

Angles with measure (4·x + 23)° and (2·y - 1)° are alternate interior angles

Which gives;

(2·y - 1)°+ (9·x - 38)° = 180°...(1)

(4·x + 23)° = (2·y - 1)°...(2)

From equation (1), we get;

y = 109.5 - 4.5·x

From equation (2), we get;

y = 2·x + 12

The common solution is given by; 109.5 - 4.5·x = 2·x + 12

From 109.5 - 4.5·x = 2·x + 12, we get;

x = 15,  

y = 42°

6) (9·x + 42)° and 15·x° are vertical angles, and therefore are equal

(9·x + 42)° = 15·x°

∴ x = 7

(4·y - 13)° and (9·x + 42)° are supplementary, therefore

(4·y - 13)° = (9·x + 42)°, which gives;

(4·y - 13)° = (9×7 + 42)° = 105°

y = 29.5°

7) (3x + 11) + (x + 21) = 180

∴ x = 37

(14·y - 4)° = 3x + 11 = 3 × 37 + 11 = 122°

y = 9°

8) (13·x - 33) = 10·x

∴ x = 11

10·x + 5·y = 180

10 × 11 + 5·y = 180

[tex]y = \dfrac{70^{\circ}}{5} = 14^{\circ}[/tex]

y = 14°

9) (27·x + 4) + (8·x + 1) = 180

∴ x = 5

y + 10 = 8·x + 1 = 8 × 5 + 1 = 41

y = 41 - 10 = 31

y = 31°

10) 16·x - 4 = 9·x - 6 + 58 = 9·x + 52

7·x = 56

x = 8

11) (6·x - 58)° + (x + 8)° = 90°

7·x - 50 = 90

7·x = 90 + 50 = 140

[tex]x = \dfrac{140}{7} = 20[/tex]

x = 20°

12) 7·x - 7 = 3·x + 45°

4·x = 52

[tex]x = \dfrac{52}{4} = 13[/tex]

x = 13°

(3·x + 45)° + 63° + (y - 6)° = 180°

(3×13 + 45)° + 63° + (y - 6)° = 180°

147 + (y - 6)° = 180°

y = 39°

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the solutions of the equation x^2-6x+4=0

Answers

Answer:

you have 2 options!!!

Step-by-step explanation:

hoped I helped!

which operation should be performed first according to the order of operations - 6+2(9-4)-3 ×5​

Answers

Answer:

Parenthesis is answered first

Step-by-step explanation

Using the pemdas strategy the "p" stands for parenthesis therefore it would be (9-4)

The answer to the problem is 11

What is the volume of a hemisphere with a diameter of 45.7 m, rounded to the nearest tenth of a cubic meter?

Answers

24987.2 meters cubed.

Step-by-step explanation:

A Hemisphere is 1/2 of a sphere, so let's find the volume of a sphere and then cut it in half.

The volume of a sphere is V= (4/3)πr3

The diameter is double the size of the radius, so we can find r, the radius, by dividing the diameter,

45.7m, by 2. So r = 22.85 meters

so the volume of the sphere is (4/3)π(22.85 meters)3, which is 49974.35787 meters cubed.

Since we're actually looking for the Hemisphere, we can divide this volume in half to get the volume of the hemisphere as 24987.17894 meters cubed.

And because the answer must be to 1/10th of a cubic meter, that means we only want one decimal point. So we round to 24987.2 meters cubed.

7 in.
15 in.
7 in.
8 in.
7 in.
14 in.
What is the total volume of the figure?

Answers

Answer:

7 x 7 x 8 = 392

15 x 7 x 7(14 - 7) = 735

735 + 392 = 1,127 in^3 is your answer.

Let's split the figure:

ZA and ZB are supplementary angles. If m_A = (8x – 27) and m
ZB = (4x + 3)°, then find the measure of ZA.
>_

Answers

Answer:

m<ZA = 109

Step-by-step explanation:

Supplementary angles mean the angles add up to 180 so:

8x - 27 + 4x + 3 = 180

12x - 24 = 180

12x = 180 + 24

12x = 204

x = 17

m<ZA:

8x - 27

8(17) - 27

136 - 27

109

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