PLEASE WILL MARK BRAINIEST!!!!!! Jameson and Quincy each deposit $7,000 into accounts that earn 6% interest, but Jameson earns annual simple interest while Quincy earns annual compound interest. Assuming neither one of them makes any deposits or withdrawals for 5 years, which of the following is a true statement?

Jameson will have about $9,367.58 less in his account than Quincy.


Jameson will have about $267.58 less in his account than Quincy.


Jameson will have about $2,367.58 more in his account than Quincy.


Jameson will have about $2,100 more in his account than Quincy.

Answers

Answer 1

Jameson will have about $267.58 less in his account than Quincy.

What is Compound Interest?

Compound interest is the interest calculated on the principal and the interest accumulated over the previous period.

Here, Jameson deposit Principal = $ 7000

           Duration = 5 years

           Rate of interest = 6 % SI per annum.

For simple Interest,   Amount = P(1+RT)

Total amount in Jameson at the end of 5 years = 7000 ( 1 + 0.06 X 5)

                                                          = 7000 X 1.3

                                                         = $ 9100

Quincy deposit Principal = $ 7000

           Duration = 5 years

           Rate of interest = 6 % CI per annum.

For Compound Interest,   Amount = P(1+R)ⁿ

Total amount in Quincy at the end of 5 years =  7000 ( 1 + 0.06)⁵

                                                                           = 7000 X 1.34

                                                                           = $ 9367.58

Thus, Jameson will have about $267.58 less in his account than Quincy.

Learn more about Compound Interest from:

https://brainly.com/question/14295570

#SPJ1


Related Questions

The point (-2, 4) is plotted on the coordinate plane.
The point is reflected across the y-axis. What are the coordinates of the reflected point

A (-2,-4)
B (-2,4)
C (2,-4)
D (2,4)

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Answer:

I would say B

Step-by-step explanation:

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yes

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What is the probability of flipping a coin 85 times and getting tails 30 times or
fewer?
A. 99.8%
B. 33.2%
C. 95.9%
D. 0.4%

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Answer:

C

Step-by-step explanation:

Answer:

0.4

Step-by-step explanation:

A snack is 5 parts peanuts and 2 parts raisins. How many pounds of peanuts should be mixed with one-half pound raisins

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One and one fourths pounds aka 1 1/4 or 1.25

The data is shown below:
91, 48, 86, 49, 77, 86, 64, 78
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a. 72.37
b. 74
c. 86

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Answer:  72

Step-by-step explanation: Its in the middle

Can someone help me with this?

Find x. Round to the nearest tenth.

13
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Answer:

x= 49.1

Step-by-step explanation:

Please see the attached picture for the full solution.

Given that triangle ABC has angle ABC = 90 degrees, AB = 6 cm and BC = 9 cm. Calculate the length of AC in cm to 1 decimal place

Answers

Answer:

AC = 6.7

Step-by-step explanation:

If this is a 90 degree triangle which I am assuming it is you would the Pythagorean theorem c^2 = a^2 + b^2 since bc seems long I am using that as the hypotenuse.

9^2 = 6^2 + b^2

81 = 36 + b^2

81-36 = b^2

45 = b^2

6.7 = b

so AC = 6.7

What is the recursive formula for this sequence:
1,-1,-3, -5......

Answers

Answer:

d) A[n] = A[n=1] - 2 (Your selected answer is correct)

Step-by-step explanation:

Think of the formula as:

new number = previous number minus 2

Solve the inequality:

8+4x≥12

Select one:

x≤1

x≥5

x≥1

x≤5

Answers

Answer:

x >_ 1

Step-by-step explanation:

Solving an inequality is a lot like solving an equation. Just pretend the inequality symbol is an equal sign!

(also i wont be using the _ or equal to symbol because I'm too lazy, so you'll get >_ or <_ for those, sorry)

8 + 4x >_ 12

-8             -8

4x >_ 4

/4       /4

x >_ 1

Which answer best describes the shape of this distribution?


uniform

skewed left

bell-shaped

skewed right
An untitled line plot from 35 to 49. The plot displays the following values as dots above the corresponding value on the number line. One dot at 36. One dot at 37. One dot at 38. One dot at 40. Two dots at 41. One dot at 42. Three dots at 43. Four dots at 44. Five dots at 45. Three dots at 46. Two dots at 47. One dot at 48.

Answers

Answer:

huh what am i looking at

Step-by-step explanation:

step-by-step explanation

Answer:

its skewed left if you are in k12

Step-by-step explanation:

A spinner has 3 equal sections that are purple, green, and blue. What is the probability of not landing on blue?

Answers

Answer:

P(not landing on blue section)=2/3

Step-by-step explanation:

Not landing on blue section = landing on one of the other sections

the remaining sections are 2 each one has a P=1/3

2 × 1/3 = 2/3

Answer:

66%

Step-by-step explanation:

2 divided by 3= 0.666666666 which is then converted to percent (66%)

There are 120 people in a sport centre.
78 people use the gym.
46 people use the swimming pool.
45 people use the track.
21 people use the gym and the pool.
16 people use the pool and the track,
24 people use the gym and the track.
9 people use all three facilities,
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use all the facilities?

Answers

Answer:

43/120 ≈ 0.3583

Step-by-step explanation:

Adding up the folks who use two facilities counts the folks who use all three 3 times. So, the number who use two or more facilities is ...

 21 +16 +24 -2(9) = 43 . . . . people who use 2 or more facilities

The probability that a person chosen randomly from the 120 at the sports center uses at least 2 facilities is ...

43/120 ≈ 0.3583

_____

The given numbers add up as follows:

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Pool only: 18

Track only: 14

Gym and Pool only: 12

Gym and Track only: 15

Pool and Track only: 7

Gym and Pool and Track: 9

No facilities: 3

What is the distance between point A and point B on the coordinate plane?
HELP PLSS​

Answers

Answer:

3

Step-by-step explanation:

If you count the units its three units away from each other.

7 (4 1/3) using distributive property

Answers

Answer:

so 7*4 is 28 and 7*1/3 is 2 an 1/3 so it would be 30 and 1/3

Step-by-step explanation:

Alexa uses the binomial theorem to correctly expand (x + 2)^4. Which is one of the terms in Alexa's
answer?
24x^2
6x^2
16x
2x^4

Answers

Answer:

24x^2

Step-by-step explanation:

When expanded (x+2)^4= x^4+8x^3+24x^2+32x+16

The only term that matches with these is 24x^2

Answer:

24x^2

Step-by-step explanation:

3. $595 refrigerator; 22% discount.
Show the work

Answers

Answer:

Discount: $130.90

Total cost after discount: $464.10

Step-by-step explanation:

Since I don't know what the actual question is, I will solve for the discount:

595 × 22%

Convert percentage into decimal

595 × 0.22

130.9

Discount is 130.9

Now I'll solve for how much that will take off from the original price:

595 - 130.9

464.1

Write two expressions that are equivalent to the expression below. (9 - c) + (9 - c) + (9 - c) + (9 - c)

Answers

Answer:

4(9 – c)

36 – 4c

Step-by-step explanation:

An example of two equivalent expressions includes the general expression and then the one that is factored.

²³√∛·×÷±≈≠≤≥βα∞∨∧∉∈⇔,⇒≅≡ΔπФω↑↓∵∴↔→←⇵∀⊅⊄⊇⊆⊃⊂∑∫⇆⇄⇅°∠∡⊥∪∩∅¬⊕║∦∝㏑㏒∞

What do all of these symbols stand for?

Answers

Answer:

Mathematical symbols used for different calculations?

I WILL GIVE BRAINLIEST!! PLEASE HURRY


Use the excerpt below taken from the Preamble of the United States Constitution to answer the following question:

"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
—Public Domain

What aspect of Enlightenment influence on the early United States government does this excerpt of the U.S. Constitution illustrate? (5 points)

It gives power to the people rather than God, the Church, or the king.
It rejects the concept of social class in the American system.
It promotes the popular concept of the freedom of speech.
It encourages the development of the separation of church and state.

Answers

Answer:

B. It rejects the concept of social class in the American system.

Explanation:

The Enlightenment of the American Colonies was a period in time where the people were encouraged to become their own nation. This period was represented by many speeches and pieces of writing that boasted freedom of speech, equality, freedom of the press, and religious tolerance.

This specific piece of writing focuses on the aspect of all people in the nation of America having protected freedoms and rights to become their own people.

Mariel says that a jewelry box that is 3 inches high, 4 1/2 inches wide, and 5 inches long has a volume of 67 1/2 inches. Katie says that answer is not quite correct. What is the error in Mariel's answer?

Answers

Answer: inside width, length and heights may be smaller

Step-by-step explanation. Walls of box have certain thickness, assume 0.1 inches. Then inner measures would be 2.8 in, 4.3 in and 4.8 in. You need to reduce thickness of wall from both sides.

Plz help me!! I’m having a bit of trouble

Answers

18

18-6=12

Factor in 18

Answer:

x= 27

Step-by-step explanation:

Enter an algebraic expression for the word expression.
The quotient of -5 and y
The expression is

Answers

9514 1404 393

Answer:

  -5/y

Step-by-step explanation:

The wording "the quotient of A and B" is used to signify A/B.

Here, we want the quotient of -5 and y:

  -5/y

(40 POINTS!!!!) find FD

Answers

Answer:

FD = 25.94

Step-by-step explanation:

13x - 16 = 4x + 11 (Tangents drawn from an external point are equal)

13x - 4x = 11 + 16

9x = 27

x = 3

substituting x in 4x + 11,

4(3) + 11

12 + 11

23

ΔFED is a right triangle,

FD² = FE² + DE²

FD² = 12² + 23²

FD² = 144 + 529

FD² = 673

FD = 25.94

Answer:

FD= +-25.94

Step-by-step explanation:

EF=CF=r(radius)=12

we know,

FD^2=EF^2+ED^2 ......(1)

and

FD^2=CF^2+CD^2 ......(2)

We Know,

area of triangle, a= 1/2xbasexHeight

a=1/2xEFxED .......(3)

and

a=1/2xCFxCD .....(4)

from equation 3 and 4

1/2xEFxED=1/2xCFxCD

=> 1/2x12xED=1/2x12xCD

=>ED=CD

=>13x-16=4x+11

13x-4x=16+11

9x=27

x=3

so

FD^2=EF^2+(ED)^2

FD^2=(12)^2+(4x3+11)^2

=>FD^2=144+529

=>FD^2=673

FD=+-25.94

(7^3)^3
Simplify.
Rewrite the expression in the form 7^n

Answers

Step-by-step explanation:

✧ [tex] \underline{ \underline{ \large{ \tt{R\: E \: M \: E \: M \: B \: E \: R}}} }: [/tex]

If [tex]( {x}^{a} )^{b} [/tex] is an algebraic term then [tex] {(x}^{a} )^{b} = {x}^{a \times b} [/tex] i.e When an algebraic term in the index form is raised to another index , the base is raised to the product of two indices.

⟶ [tex] \large{ \tt{( {7}^{3} ) ^{3} = {7}^{3 \times 3} = {7}^{9}}} [/tex]

☥ [tex] \boxed{ \boxed{ \large \tt{Our \: Final \: Answer : \underline{ \tt{ {7}^{9}}}}}} [/tex]

Hope I helped ! ♡

⋆ Have a wonderful day / night ! ♪

Let me know if you have any questions regarding my answer! ツ

[tex] \underline{ \underline{ \mathfrak{Carry \: On \: Learning}}}[/tex] !! ✎

▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁

HELPPP PLEASE YOU’LL GET 10 POINTS

Answers

Answer:

angle y and angle x

Step-by-step explanation:

Y and X hope this helps

Solve the equation square root of the quantity x plus 3 plus 4 equals 5 for the variable. Show each step of your solution process

Answers

Answer: x:-2

The procedure is attached.

Answer:

x=-2

Step-by-step explanation:

[tex]\sqrt{x+3}+4=5[/tex]

subtract 4 from each side

[tex]\sqrt{x+3} +4-4=5-4[/tex]

square both sides

[tex]\sqrt{x+3}^2=1^2[/tex]

so we have

[tex]x+3=1[/tex]

subtract 3 from each side

[tex]x+3-3=1-3[/tex]

so our answer is [tex]x=-2[/tex]

what is the answer to 1\2÷3​

Answers

Answer:

0.16666666666

Step-by-step explanation:

1/2 ÷ 3

1/2/3

0.16666666666

Or

1/2 = 0.5

0.5 ÷ 3

0.16666666666

3/2 or 1.5. You have to multiply by the reciprocal.

Please help! (I also put what a median is)

Answers

Answer:

Step-by-step explanation:

1. 2

2. 3

3. 6

4. 2

5. 4

Can anyone help me on this please

Answers

it should be 12.57 i remember having that question a few months back and i got it right

2. What is the solution to the inequality
--4x > 132? Show your work

Answers

Answer:

x < -33 ( mark me as the brainliest )

Step-by-step explanation:

1) -4x > 132

2) -4x/4 > 132/-4

3) x < -33

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