Robin invested $1000 in a 12% simple interest savings deposit for 3
years. He also invested an equal amount in a 10% compound interest
savings deposit for 3 years. At the end of 3 years, how much more
interest did he get from the simple interest deposit?

Answers

Answer 1

Step-by-step explanation:

Lets find out,shall we?

Simple interest=(PRT)/100

=$1000×12×3)/100

=$360

Now for compound interest

A=P(1+R/100)^t

A=$1000(1+12/100)^3

A=$1404.928

so interest for compound interest=$(1404.928-1000)=$404.928

Clearly,Robin got more interest by compound interest than simple interest which business people understand lol.

Difference in interest=$404.928-360=$44.928


Related Questions

Please help me with 7

Answers

It is 7/25, sorry I have to make my text longer but ignore this because the awnser is 7/25

Answer:

Third choice, 7/25

Step-by-step explanation:

14 + 11 + 10 + 15 = 25 + 25 = 50, they also already stated this in the question so u don't have to calculate this

14 out of 50 students voted for nicholas, so it's a 14/50 chance, simplified would be 7/25

You and your friend join a new gym that requires a one-time joining fee and monthly payments. Your friend chooses the 1 year plan and pays $687, while you elect the 18 month contract which costs $981. Use this information to determine the linear model used to calculate cost from months of membership.

Answers

Answer:

C = 99 + 49m

x = $99

y = $49

Step-by-step explanation:

Let

x = one time joining fee

y = monthly payment

Your friend:

1 year = 12 months

x + 12y = $687

You:

x + 18y = $981

x + 12y = 687 (1)

x + 18y = 981 (2)

Subtract (1) from (2)

18y - 12y = 981 - 687

6y = 294

Divide both sides by 6

y = 294 /6

= 49

x = $49

Substitute y = 49 into

x + 12y = 687

x + 12(49) = 687

x + 588 = 687

x = 687 - 588

= 99

x = $99

C = 99 + 49m

Where,

C = total charges

m = number of months

99 = a one time joining fee

49 = charges per month

John is selling sets of Legos and makes a 10% commission on all sales. what would his
commission be on the sale of a $3750 set of Legos?
Commission would be $

Answers

Answer: The commision would be $ 375

Step-by-step explanation:

3 4/5 - 2 1/3 and if needed simplify

Answers

1 7/15 hopes this works

Answer:

1 7/15 or 22/15

Step-by-step explanation:

A group of college students are going to a lake house for the weekend and plan on renting small cars and large cars to make the trip. Each small car can hold 4 people and each large car can hold 6 people. How many people could be transported to the lake house if the students rented 5 small cars and 8 large cars? How many people could be transported to the lake house if the students rented ss small cars and ll large cars?

Answers

68 people can be transported to the lake house.

Please answer ASAP!!!

Answers

first you need to convert them all into percentages...

dolphin - 43.3%
lion - 56.3%
rabbit - 47.5%
squirrel - 62 %
tiger - 65.8%

1. dolphin, rabbit, lion, squirrel, tiger
2. average person sleeps 8 hours a day which equals 33.3% ( 8/24 )
3. you, dolphin, rabbit, lion, squirrel, tiger

Perpendicular Lines
Instructions: Given the following image is a cube, name a segment that is
perpendicular to AH?

Answers

Answer:

HG

Step-by-step explanation:

Where they meet another line at a 90 degree angle.

The segment that is perpendicular to segment AH in the given cube is: HG.

What are Perpendicular Segments?

When two segments form a right angle at the point of their interception, they are said to be perpendicular to each other.

In the image given, a right angle is formed where segments AH and HG meet. Therefore, a name of a segment that is perpendicular to AH is: segment HG.

Learn more about perpendicular segments on:

https://brainly.com/question/1865107

#SPJ9

solve for x
|2x-4|+6=8​

Answers

Solve for x

|2x -4| + 6 =8

subtract 6 from both sides, then solve

|2x - 4| = 2                                   and                                 |2x -4| = -2

2x - 4 = 2                                                                           2x - 4 = -2

     +4   +4                                                                                +4  +4

2x = 6                                                                                   2x = 2

divide by 2 to isolate the variable

x = 3                                                                                    x = 1

Helppppppppppppppppp

Answers

Answer:

if it's asking for the like point it would be (3,3)

Step-by-step explanation:

i apologize if that's not what it is asking for

HELP ME!!!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

The correct option is A

Step-by-step explanation:

Since (1, 3) are the solutions to the function g(x), then

g(x) = (x – 1)(x – 3) = x² –3x – x + 3 = x² – 4x + 3

We know that f(x) is on the same plane and f(1) = 1.

Let's take g(1) = (1 – 1)(1 – 3) = 0

Therefore, when x = 1; f = 1 and g = 0. Hence

g(1) = f(1) – 1

In order words, g(x) could be f(x) – 1.

The correct option is A

(15 points) plz ay help would be appreciated and brainly will be given to best answer/for e-f find the value of x,y.z in each figure

Answers

Answer:

For E, each angle is 60° because its an equilateral triangle.

F is 45° for x, 135° for y, lastly z is 22.5°

Solve the system of equations 6x + 3y = 9 and -5x – 5y = 0 by combining the
equations.

Answers

Answer:

(X, y) =(3,-3)

Step-by-step explanation:

Use second equation

Apply to the first

Determine the type of triangle that is drawn below.

Answers

Answer:

it is an isosceles triangle

Step-by-step explanation:

the two sides of the triangle are equal in length, also the angles opposite to the equal sides are equal. so, it is called as isosceles traingle

At a grocery store to gallons of milk cost $7.20 and 5 gallons of milk cost $18 write an equation relates the total cost T to the gallons of milk purchased M

Answers

Answer:

$7.20 + (5 x $18) = T

Step-by-step explanation:

Do Recommendations Seventh grade > S Solve for d. 3 + 2d = 5​

Answers

D=1 I hope this helps!!

PLEASE HELP WILL MARK BRAINLIEST Question 8
Which pair of equations show below would have infinite solutions?
Answer
A Y = -2 + 8
y = 4x - 7
B y = x - 4
y = 3x - 2
C) x
x – 3y = -3
x – 3y = 6
D 3x +y = 3
6x + 2y = 6

Answers

Answer:

Step-by-step explanation:

a)y=-2x+8

y=4x-7

solution

b)y=x-4

y=3x-2

solution

c)x – 3y = -3

x – 3y = 6

no solution

d)3x +y = 3

6x + 2y = 6

infinite.

Answer: D

Step-by-step explanation:

Find the slope of the line.

Answers

the slope of the line is 4/5

The equation y = 5x represents the amount of miles Fran runs in x days.
When a graph of this situation is drawn, what does the point (1, 5) on the graph represent?
A. The number of miles Fran runs each day.
B. The number of miles Fran runs on the first day.
C. The total number of miles Fran runs in five days.
D. The total number of miles Fran runs on the fifth day.

Answers

Answer:

b

Step-by-step explanation:

At its closest, Saturn is about 743,000,000 miles from Earth

Answers

At its closest, Saturn is about 743,000,000 miles from Earth. A deep-space probe travels from Earth to Saturn at an average speed of 25,000 miles per hour.

At its closest, Saturn is about 743,000,000 miles from Earth. And a deep-space probe travels from Earth to Saturn at an average speed of 25,000 miles per hour.

Step-by-step explanation:

Max has a drawer full of green and red socks. He has three times times as many red socks subtracted from four times as many green socks which he believes is 50 socks. Half the number of green socks plus one-third of the number of red socks is 36. How many of each colour does he have?

Answers

Answer:

There are 42 red colour socks and 44 green color socks

Step-by-step explanation:

Let there are r red socks and g green socks.

ATQ,

He has three times times as many red socks subtracted from four times as many green socks which he believes is 50 socks.

4g-3r=50 ....(1)

Half the number of green socks plus one-third of the number of red socks is 36.

[tex]\dfrac{g}{2}+\dfrac{r}{3}=36\\\\3g+2r=216\ .....(2)[/tex]

Multiply equation (1) by 2 and equation (2) by 3.

8g-6r = 100 ....(3)

9g +6r = 648 ....(4)

Add equation (3) and (4)

8g-6r + 9g +6r = 100+648

17g = 748

g = 44

Put the value of g in equation (1).

4(44)-3r=50

176-3r = 50

176-50 = 3r

r = 42

Hence, there are 42 red colour socks and 44 green color socks.

If DF=61 and EF=18, find DE. ​

Answers

Your answer would be 43 you can just subtract it

What is the surface area of the cylinder with height 4m and radius 2m? Round your answer to the nearest thousandth.

Answers

Answer:

50.265m^3

Step-by-step explanation:

because the formula for solving this problem is πr^2•height and then to finish solving it would have to be put into cubed as it's 3d

graph the following equation using the slope intercept method
3x+5y=-15​

Answers

Answer:

Step-by-step explanation:

6 + 3(x + 4)
PLEASE HELP!!!! I will give brainliest

Answers

3x+18

Step-by-step explanation:

Answer:

3x+18

Step-by-step explanation:

Is the answer

answer

What slope passes through the points (-1,5) and (3,-7) ?

Answers

Answer: -3


Solution: -7-5 / 3-(-1)
-12 / 4
m= -3



Can someone help me with this problem?

Answers

Answer: 5:6

Explanation:

The 2 polygons are similar

So 25/30 = 25.5/30.6 = 5/6 or 5:6

When are two distinct lines parallel?

Answers

Answer:

if the line keeps going and theynever touch

Step-by-step explanation:

Answer:

Two lines are parallel when are side by side and if the lines kept on going, they would never collide with each other

Step-by-step explanation:

what is a linear equation that contains these points?​

Answers

Answer:

C

Step-by-step explanation:

If you plug in the numbers into that equation you get

1 = -2(2) + 5

1 = -4 + 5

1 = 1

You can also do this again with x = 5 y = -5

-5 = -2(5) + 5

-5 = -10 + 5

-5 = -5

Michael puts $800 into a savings account. The account earns 2% simple interest. How much interest will he earn in 6 months?

Answers

Answer:

he earned 8 dollars in interest

Step-by-step explanation:

800(1+(.02)(.5))

hopefully im correct

The Jayden family eats at a restaurant that is having a 15% discount promotion. Their meal cost $78.90 before the discount, and they leave a 20% tip. If the tip applies to the cost of the meal before the discount, what is the cost of the meal?

Answers

Answer:

The 15% discount means that they only pay 100%-15% = 85% of the meal's bill.

This would cost 85% * 78.65.

However, they also have to pay a 20% tip of the meal cost.

This would cost 20% * 78.65.

Step-by-step explanation:

total Cost = (85% * 78.65) + (20% * 78.65)

= 105% * 78.65

= 1.05 * 78.65

= $82.58

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