George wants to invest $3,250. American Bank offers a simple interest rate of 4%, while Liberty Savings offers an interest rate of 3.75% compounded annually. How much more in interest will George earn after 8 years if he invests with Liberty Savings rather than American Bank? $4,363.03

Answers

Answer 1

Answer:

$4,363.03

i hope i actually get this right because im doing a test right now in math class

Answer 2

Using the interest formulas, it is found that George will earn $158 more in interest if he invests with Liberty Savings rather than American Bank.

Simple Interest:

[tex]E = Pit[/tex]

In which:

P is the principal, which is the amount invested.i is the interest rate, as a decimal.t is the time, in years.

For American Bank, we have that [tex]P = 3250, r = 0.04, t = 8[/tex], hence:

[tex]E = Pit = 3250(0.04)(8) = 1040[/tex]

Compound interest:

[tex]E = P[(1 + r)^t - 1][/tex]

For Liberty Savings, we have that [tex]r = 0.0375[/tex], hence:

[tex]E = P[(1 + r)^t - 1] = 3250[(1.04)^8 - 1] = 1198[/tex]

1198 - 1040 = 158.

He will earn $158 more in interest if he invests with Liberty Savings rather than American Bank.

For more on interest formulas, you can check https://brainly.com/question/25781328


Related Questions

A and B are two cylinders that are mathematically similar.
The area of the cross-section
of cylinder A is 18 cm?
18 cm?
B
10 cm
А
5 cm
Work out the volume of cylinder B.

Answers

Answer:

Volume of B is 360 [tex]cm^{3}[/tex]

Step-by-step explanation:

It can be observed in the question that the dimensions of cylinder B are twice the dimensions of cylinder A, since both are similar.

Height of B = 2 x height of A

                   = 2 x 5

                   = 10 cm

cross sectional area of B = 2 x cross sectional area of A

                            = 2 x 18

                             = 36 [tex]cm^{2}[/tex]

Thus,

Volume of B = cross sectional area x height

                     = 36 x 10

                     = 360 [tex]cm^{3}[/tex]

Volume of B is 360 [tex]cm^{3}[/tex].

Help show your work to

Answers

Answer:

1/3 + 1/4 = ?

(1/3 x 4/4) + (1/4 x 3/3)=?

I multiplied like so in order to get equal denominators

4/12+3/12=7/12

Step-by-step explanation:

The answer is 7/12 sorry it’s hard to show work on typing

Find (fºg)(1)
f(x) = x² - 1
g(x) = √x
A.0
B.1
C.4 √2
D. √8

Answers

Given:

The function are

[tex]f(x)=x^2-1[/tex]

[tex]g(x)=\sqrt{x}[/tex]

To find:

The value of [tex](f\circ g)(1)[/tex].

Solution:

We have,

[tex]f(x)=x^2-1[/tex]

[tex]g(x)=\sqrt{x}[/tex]

We need to find the value of [tex](f\circ g)(1)[/tex].

[tex](f\circ g)(1)=f(g(1))[/tex]            [tex][\because (f\circ g)(x)=f(g(x))][/tex]

[tex](f\circ g)(1)=f(\sqrt{1})[/tex]            [tex][\because g(x)=\sqrt{x}][/tex]

[tex](f\circ g)(1)=f(1)[/tex]      

[tex](f\circ g)(1)=(1)^2-1[/tex]                  [tex][\because f(x)=x^2-1][/tex]

[tex](f\circ g)(1)=1-1[/tex]      

[tex](f\circ g)(1)=0[/tex]      

The value of [tex](f\circ g)(1)[/tex] is 0.

Therefore, the correct option is A.

Please help ASAP I need this as soon as some one can help please

Answers

If they are on the same side of the transversal then if you add the two numbers it is 180 . If they are on different sides of the transversal then they are equal.

GUYSSSS PLEASEEEEEEEEEE HELP!!!!!! Your friend is using Descartes’ Rule of Signs to find the number of negative real roots of [tex]x^{3} +x^{2} +x+1=0[/tex]. Describe and correct the error. Correct answer will get brainliest.

Answers

Answer:

your answer should be a

Step-by-step explanation:

Tanisha plans to invite 24 people to a snack. Each package contains 8 invitations. How many invitation packages should you buy?

Answers

Answer: 3

Step-by-step explanation:

From the question, we are informed that Tanisha plans to invite 24 people to a snack and that each package contains 8 invitations.

The number of invitation packages that should be bought will be the number of people to be invited divided by the invitations in each package. This will be:

= 24/8

= 3 invitation packages

.John has $40. He will use some of the money to buy books, and he wants to have at least $10 left to put in his savings account. Each book costs $6. A. Write an inequality to represent this story, using b to represent the number of books John buys. B. Solve the inequality, showing each step of your work. C. In complete sentences, explain what the solution means in the context of the story

Answers

Answer:

The required inequality is [tex]40-6b\leq 10[/tex].

Jhon can buy at most 5 books.

Step-by-step explanation:

Consider the provided information.

Part(A)

Let b represent the number of books John buys.

He wants at least $10 in his savings account which means if we subtract the cost of books from $40 we have at least $10 left.

[tex]40-6b\leq 10[/tex]

The required inequality is [tex]40-6b\leq 10[/tex].

Part(B)

[tex]40-6b\leq 10[/tex]

[tex]-6b\leq 10-40[/tex]

[tex]b \leq\frac{30}{6}[/tex]

[tex]b\leq 5[/tex]

Part(C):  Jhon can buy at most 5 books.

At a basketball game, 65% were supporting the home team, while 35% were supporting the visiting team. If 882 attending the game supported the visiting team, what was the total number of people at the game

Answers

Answer: 2520

Step-by-step explanation:

Given: Number of people supported the visiting team = 882

Let x = Total number of people at the game.

As per given,

35% of x = 882    [35% were supporting the visiting team]

[tex]\Rightarrow\ 0.35x=882\\\\\Rightarrow\ x=\dfrac{882}{0.35}\\\\\Rightarrow\ x= 2520[/tex]

Hence, the total number of people at the game = 2520 .

(2y+3)6
what number is being distributed?
Need an answer fast PLEASE

Answers

6 is being distributed

picture help meeee pleaseeeeeeeee

Answers

Answer:

first three terms are 3, 6, 9 and the 10th one is 30

Step-by-step explanation:

Answer:

3, 12, 27 and 300

Step-by-step explanation:

To find the first 3 terms, substitute n = 1, 2, 3 into the n th term formula

3(1)² = 3 × 1 = 3

3(2)² = 3 × 4 = 12

3(3)² = 3 × 9 = 27

The first 3 terms are 3, 12, 27

Substitute n = 10 into formula for 10 th term

3(10)² = 3 × 100 = 300

what is the equation of the blue line?
The answer y = 3x-7 / y = 3(x-4)+5 is wrong​

Answers

Answer:

y = 4x -3

Step-by-step explanation:

Here, we want to get the equation of the blue line

As we can see, the y-intercept is -3

So we have the equation as;

y = mx -3

To get the value of m which is the slope , we check for any point on the line

That would be;

(1,1)

Let us have this substituted;

1 = m(1) - 3

1 = m -3

m = 1 + 3

m = 4

so the equation of the straight line is;

y = 4x -3

You and your friend skate at the same rate. You complete 8 laps in 13 minutes. How long does your friend take to complete 16 laps?

Answers

21 because 13-8=5 so 5 minutes per lap and 16+5=21 so 21 minutes for 16 laps

Whats an equation in the form of y=ax+b ?

Answers

Answer: Slope-Intercept

please help me ill give brainlest

Answers

Answer:

(0,0) and (2,8)

Step-by-step explanation:

John wants to measure the height of the tree in his yard. He stands so that the top of his shadow matches up with the top of the tree’s shadow. John is standing 14 meters from the tree and his shadow is 2 meters long. If John is 1.75 meters tall, how tall is the tree?

Answers

Answer:

hi

Step-by-step explanation:

hi

.
Simplify 1826.00 - 338.12.​

Answers

Answer:

1487.88

Step-by-step explanation:

Because you have to line the decimals up to make sure you have the correct answer

MATH HELP!! MARKING BRAINLISEST!! :DD

Answers

Answer:

3

Step-by-step explanation:

9514 1404 393

Answer:

  3, -1

Step-by-step explanation:

The slope formula is ...

  [tex]m=\dfrac{y_2-y_1}{x_2-x_1}[/tex]

The values are shown filled in for y2 and y1. The green box is highlighting the location for x2, which the image shows is 3. When completed, the formula will be ...

  [tex]m=\dfrac{0-\,-2}{3-\,-1}[/tex]

The first blank shown is filled with x2 = 3.

The second blank shown is filled with x1 = -1.

there are 120 students in a school marching band. they march in an array with the same number of students in each row. what are the dimensions of the different arrays that the band can form?

Answers

Answer:

20 X 6

Step-by-step explanation:

20 X 6 = 120 I'm not smart but this is pretty easy

. What is 95% of 180?

Answers

Answer:171

Step-by-step explanation:

Solution

=95/100×180

=171

If you found my answer useful then please mark me brainliest.

Evaluate please I need helppppp

Answers

Answer:

-5 sorry if it's wrong. I tried.

Answer:

-5

Step-by-step explanation:

sin( X+Y ) = cos( X−Y ) = 1,
find the value of X and Y.

Answers

answer x = 225 and y = -135

Step-by-step explanation:

x+y = 90 and x= 90-y and x -y = 360 so 90-y -y = 360

A person invests 9000 dollars in a bank. The bank pays 4.75% interest compounded quarterly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 12600 dollars?
A=P(1+nr)nt

Answers

Answer:

The time required to get  a total amount of $ 12,600.00  from compound interest on a principal of $9000  at an interest rate of 4.75% per year  and compounded 4 times per year  is 7.1 years.

Step-by-step explanation:

Given

Principle P = 9000 dollars

Rate r = 4.75% = 0.0475

Total Amount A = 12600 dollars

compounded quarterly n = 4

To determine:

Time t = ?

Using the equation

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

solving the equation for 't'

t = ln(A/P) / n[ln(1 + r/n)]

t = ln(12,600.00/9,000.00) / ( 4 × [ln(1 + 0.011875/4)] )

t = 7.1 years

Therefore, the time required to get  a total amount of $ 12,600.00  from compound interest on a principal of $9000  at an interest rate of 4.75% per year  and compounded 4 times per year  is 7.1 years.

What is the area of rectangle RSTU? Show step by step!

Plz help me and solve this ASAP! Solve ASAP! Plz! Thank you!

Answers

Step-by-step explanation:

We only know 1 side, and that is the width of 4. We only have the diagonals at our side. Half of the diagonal is 5. As a result, the diagonal is 10. I want you to imagine a triangle that has a base of 4 and a hypotenuse of 10. Use the Pythagorean Theorem to find b, or the height.

a² + b² = c²

4² + b² = 10²

16 + b² = 100

100 - 16 = 84

b² = 84

b = √84

b ≈ 9.165

Now we know the length of the rectangle, which is about 9.165. Multiply that by 4 to get the area.

9.165 * 4

36 + 0.4 + 0.24 + 0.020

36.4 + 0.24 + 0.02

36.64 + 0.02

36.66

The area of rectangle RSTU is about 36.66 units squared.

If the simple interest on ​$4000 for years is ​$​3600, then what is the interest​ rate?

Answers

Answer:

90%

Step-by-step explanation:

Work out 5 2 − 3 × 2 × 5 3 ÷ 1 2 3

Answers

Answer:

the answer is 49.41463415

Step-by-step explanation: Brainliest please

Between which two integers is the square root of 275?

13 and 14
14 and 15
15 and 16
16 and 17

Answers

Answer:

None

Step-by-step explanation:

A square root has to be two of the same number

please help, would be greatful!

Answers

Answer:

8.2 cm

Step-by-step explanation:

[tex] \cos \: 47 \degree = \frac{h}{12} \\ \\ h = 12 \cos \:47 \degree \\ \\ h = 12 \times 0.6819983601 \\ \\ h = 8.18398032 \\ \\ h \approx \: 8.2 \: cm[/tex]

giving 20 points pls help me asap ​

Answers

Answer:

fishy camera

Step-by-step explanation:

most distance in feet from surface

The fish camera is furthest from the surface of the water.

The area of the square is 100 square centimeters. What is its perimeter

Answers

Answer:

200

Step-by-step explanation:

200

Answer: 40 c

Step-by-step explanation:

Find the coordinates on f the point where y-4x=1 crosses the axis

Answers

Answer:

The coordinates of the intercepts are (0,1) and [tex]\left(-\frac{1}{4},0\right)[/tex]

Step-by-step explanation:

Intercepts of a Function

Given a function y=f(x), the intercepts with the x-axis, if any, can be found by solving the equation:

y = f(x) = 0

The intercepts with the y-axis can be found by calculating

f(0)

We are given the function

y - 4x = 1

To find the x-intercepts, set y=0:

0 - 4x = 1

Solving:

[tex]x = -\frac{1}{4}[/tex]

For x=0:

y - 4*0 = 1

y = 1

The coordinates of the intercepts are (0,1) and [tex]\left(-\frac{1}{4},0\right)[/tex]

Other Questions
What is the minimum requirement to enroll in an open college?A. 17 on the ACTB. 1000 on the SATC. There is no requirement.D. 2.0 GPAAnswer is C. I will give brainiest to whoever answers correctly !! 6. Mis amigos y yo (know) todo el vocabulario. 7. Despacio = 8. Mi favorita es mi gata negra. 9. El pelcano es un . 10. Yo (know) Mxico muy bien. Plz help!! :) Find the measures of angles x, y, and z. 5(17+13) (8-7) Simply the expression what is the area of this figure to the nearest square centimeter slope=-7 ;(4,-30)what is the equation? What images and thoughts come to you when you hear the word evangelize? What is equivalent 1414 jaylen made a scale model of the washington monument. the monument has an actual height of 555 feet jaylens model used a scale of 1 inch representing a 100 feet what is the height of jaylens model Select the correct answer.This image shows a web designer's grids for different pages on a website. The uppermost box on each page is the website's identity. Whichimportant feature of a good website has the designer violated?AsimplicityB.consistencyC.clarityDharmony 11. Wet-cell batteries are commonly referred to as lead-acid batteries.A) O TrueB) O False 4.Were you to do so, a million ghosts in olive drab, in brown khaki, in blue and gray, would rise from their white crosses thundering those magic words: Duty, Honor, Country.General Douglas MacArthur a.appeal type = Logos What is the next line?>>> tupleA = (5, 20, 30, 40, 30)>>> tupleA.index(30)3102 What is a revolution? 3x + y = 10x = 2y + 1 simplifying Find the volume of the following. Please round your answer to the nearest tenth. Please do not put units. Please help ASAP Ill mark brainlist Choose the definite article in the sentence.A brown rabbit hopped across the yard.O brownO theO hopped A limited government is a government thatis established by the people.determines if a law should be applied.must act within the law.has few powers to change the law.