Student Friendly Bank pays a simple interest rate of 2.5% per year. Neighborhood Bank pays a compound interest rate of 2.1% per year, compounded monthly.

Answers

Answer 1

The question is incomplete:

Student Friendly Bank pays a simple interest rate of 2.5% per year. Neighborhood Bank pays a compound interest rate of 2.1% per year, compounded monthly.

Which bank will provide the largest balance if you plan to invest $10,000 for 10 years? For 20 years?

Answer:

-The bank that provides the largest balance if you plan to invest $10,000 for 10 years is Student Friendly Bank.

-The bank that provides the largest balance if you plan to invest $10,000 for 20 years is Neighborhood Bank.

Step-by-step explanation:

First, you have to calculate the balance if you invest the money in Student Friendly Bank. To do it, you have to use the simple interest formula to calculate the future value:

FV=PV(1+rt)

FV= future value

PV= present value

r= rate

t=time

-10 years:

FV= 10,000(1+(0.025*10))

FV= 10,000(1+0.25)

FV=10,000(1.25)

FV=12,500

-20 years:

FV= 10,000(1+(0.025*20))

FV= 10,000(1+0.5)

FV=10,000(1.5)

FV=15,000

Second, you have to calculate the balance if you invest the money in Student Neighborhood Bank. To do it, you have to use the compound interest formula to calculate the future value:

FV=PV(1+(r/m))^mt

FV= future value

PV= present value

r= rate

t=time

m=number compounding periods per year

-10 years:

FV=10,000*(1+(0.021/12))^12*10

FV=10,000*(1+0.00175)^120

FV=10,000*(1.00175)^120

FV=12,334.5

-20 years:

FV=10,000*(1+(0.021/12))^12*20

FV=10,000*(1+0.00175)^240

FV=10,000*(1.00175)^240

FV=15,214

According to this, the bank that provides the largest balance if you plan to invest $10,000 for 10 years is Student Friendly Bank because it will provide $12,500 and Neighborhood Bank will provide $12,334.5.

The bank that provides the largest balance if you plan to invest $10,000 for 20 years is Neighborhood Bank because it will provide $15,214 and Student Friendly Bank will provide $15,000.


Related Questions

I need help urgently

Answers

Hi there!

The shorter base is equal to 6yd
The longer one is equal to 8yd

Vicente has a prism- like water tank whose base area is 1.2 square meters. He bought 6 goldfish at the store and the store owner told him to make sure their density in the tank isn’t more than 4 fish per cubic meter. What is the lowest possible height so the fish aren’t too crowded

Answers

Answer: 1.25 m

Step-by-step explanation:

Area of base = 1.2 m²

Number of gold fish = 6

Density of the tank should be = 4 fish/m³

Height of the tank= ?

4 fish = 1 m³

6 fish = 6/4 = 1.5 m³

Volume required for 6 fish is 1.5 m³

V = area of base x height (h)

1.5 = 1.2 x h

h = 1.25 m

Hence, height of the tank is equal to 1.25 m.

All else being equal, a study with which of the following error ranges would be
the most reliable?
A. +-6 percentage points
B. +-15 percentage points
C. +-9 percentage points
D.+- 112 percentage points

Answers

I’m pretty sure it D

The study with an error range of +-6 percentage points would be the most reliable.

As larger error ranges, such as options B, C, and D, indicate a greater degree of uncertainty and variability in the dat This reduces the reliability and precision of the study's findings.

So, when all other factors are equal, a study with a smaller error range, like with +-6 percentage points, would be considered more reliable.

Thus, with an error range of +-6 percentage points, has the smallest range.

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This recipe makes 5 portions of porridge. Complete the amount of each ingredient that is needed to make just 4 portions. Recipe: Serves 5 250 g oats 1.2 l milk 90 g sugar

Answers

Answer:

200g oats

0.96l milk

72g sugar

Step-by-step explanation:

250/5 * 4 = 50 *4 = 200g oats

1.2/5 * 4 = 0.96l milk

90/5 * 4= 18*4 = 72g sugar

Which graph matches the equation y+3=2(x+3)?

Answers

Answer:

The leftmost graph [with the points (-3,-3) and (0,3)]

Step-by-step explanation:

y+3=2(x+3)

y+3=2x+6

y=2x+3

The y-intercept is 3, meaning that the line passes through the point (0,3), and it's slope is 2, so it travels 2 units up and 1 unit over. Thus the correct graph is the top left graph, with the two points (-3,-3) and (0,3).

The graph is considered as the creation of a diagram that depicts a relationship connecting two or more items, and further discussion can be defined as follows:

Given:

[tex]\bold{y+3=2(x+3)}[/tex]

To find:

graph=?

Solution:

[tex]\bold{y+3=2(x+3)}[/tex]

Solving the given equation:

[tex]\to \bold{y+3=2(x+3)}\\\\\to \bold{y+3=2x+6}\\\\\to \bold{y=2x+6-3}\\\\\to \bold{y=2x+3}\\\\[/tex]

In this, the y-intercept is 3, indicating that the line crosses through the point (0,3), and the slope is 2, showing that it moves 2 units up and 1 unit over. And as a result, the proper graph is the upper left graph, with two points [tex]\bold{(-3,-3)\ and\ (0,3)}[/tex].

Please find the graph in the attached file.

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You get dressed in the morning without looking at the colours of the clothes you choose. Your shirts are white or blue, your pants are black, red, or yellow, and your shoes are brown or black. How likely are you to choose a white shirt, black pants, and brown shoes?

Answers

Answer:

add up all the colors

Step-by-step explanation:

On a coordinate plane, a straight line with a negative slope, labeled f of x, crosses the y-axis at (0, 4), and the x-axis at (4, 0). Which is true regarding the graphed function f(x)? f of 0 = 3 f of 5 = negative 1 f of 3 = 2 f of 2 = negative 2

Answers

Answer:

f of 5 equals negative 1

Step-by-step explanation:

equation- f(x) = -x + 4

f(5) = -5 + 4

f(5) = -1

Answer:

f(5)=-1

Step-by-step explanation:

is it a proportional relationship

Answers

Answer:

Yes

Step-by-step explanation:

Vertical angles are always adjacent.


True False

Answers

Answer:

False

Step-by-step explanation:

Vertical angles are opposite to each other, so they are not adjacent.

the answer is false vertical angles aren’t always adjacent

which equation has no solution
A l4x-2l=-6
B l-2-xl=9
Cl3x+6l=6
Dl-2x+8l=0​

Answers

Answer:

l4x-2l= -6  equation has no solution

Step-by-step explanation:

l4x-2l≥0

l4x-2l= -6  equation has no solution

The distance it takes a truck to stop can be modeled by the function Image description d = stopping distance in feet v = initial velocity in miles per hour f = a constant related to friction When the truck's initial velocity on dry pavement is 40 mph, its stopping distance is 138 ft. Determine the value of f, rounded to the nearest hundredth.

Answers

Answer: 0.39

Step-by-step explanation:

We are required to determine the the value of f, rounded to the nearest hundredth

The value of f, rounded to the nearest hundredth is 0.39

Given function:

[tex]d(v) = \frac{2.15 {v}^{2} }{64.4f} [/tex]

Where,

d = stopping distance in feet

v = initial velocity in miles per hour

f = a constant related to friction

When

v = 40 mph

d = 138 ft

f = ?

[tex]d(v) = \frac{2.15 {v}^{2} }{64.4f} [/tex]

[tex]138= \frac{2.15 {(40)}^{2} }{64.4f} [/tex]

138(64.4f) = 2.15(1600)

8,887.2f = 3440

f = 3440 / 8,887.2

f = 0.3870735439733

Approximately to the nearest hundredth f = 0.39

Therefore, the value of f, rounded to the nearest hundredth is 0.39

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Which graph represents an exponential function?

Answers

Answer:

The 1st Picture

Step-by-step explanation:

An exponential function is a base with an exponent of x. The parent graph f(x) will always have an asymptote at x= 0 and curve steeply.

Answer:

A

Step-by-step explanation:

took it a minute ago on edg

How much is (2.5-3 minutes)

Answers

2 minutes 30 seconds - 3 minutes

Answer:

150 - 180 seconds

Step-by-step explanation:

Let change minutes to seconds

1 minute = 60 seconds

2.5 minutes * 60 =150 seconds

3 minutes * 60 = 180 seconds

150 - 180 seconds

There are 130 people in a sport centre. 73 people use the gym. 62 people use the swimming pool. 58 people use the track. 22 people use the gym and the pool. 29 people use the pool and the track. 25 people use the gym and the track. 11 people use all three facilities. A person is selected at random. What is the probability that this person doesn't use any facility

Answers

To find : Probability that person doesn't use any facility

Given : Total people = 130 ; People using gym (G), Swimming Pool (S), Track (T) = 73, 62, 58 respectively. People using G & P, P & T, G & T = 22, 29, 25. People using P & G & T = 11

So : Prob (G) = 73/ 130 , Prob (S) = 62/130 , Prob (T) = 58/130

P (G ∩ P) = 22 / 130 , P (P ∩ T) = 29 / 130 , P (G ∩ T) = 25 / 130 , P (P ∩ G ∩ T) = 11 / 130

Prob [ Person uses either P or G or T ] :

P (PUGUT) = P(G) + P (S) + P (T) - P (G ∩ P) - P (P ∩ T) - P (G ∩ T) - 2 P (P∩G∩T) = ( 73 + 62 + 58 - 22 - 29 - 25 - 22) / 130 = 95 / 130

Prob [Person uses neither P or G or T] : 1 - Pr [Person uses either  P or G or T] = 1 - P (PUGUT) = 1 - (95 / 130) = 35 / 130

Hence, Probability that person doesn't use any facility = 35 / 130

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Answer:flying gorillla

Step-by-step explanation:because no

A bicycle wheel turns at 80 rpm. If the rider travels 27.227 m in 10 seconds, what is the radius of the wheels of the bicycle?

Answers

Answer:

2.042 meters

Step-by-step explanation:

We have that the angular speed is 80 rpm and we can calculate the linear speed, we know that the linear speed is equal to the radius times the angular speed, like this:

v = w * r

w = 80 rpm, but we must pass it to seconds, that is:

80/60 = 1,333 rps, that is, revolutions per second, to have the same time unit as the linear speed.

v = distance / time = 27,227 / 10 = 2.7227

therefore, the radius would be:

r = v / w = 2.7227 / 1,333

r = 2.042

Which means that the radius is 2.042 meters.

help plzzzz asap i need the answer right now

Answers

XZ is 36
BC is 12
This is because they are similar triangle

Please help! Correct answer only, please! I need to finish this assignment this week. What are the dimensions of the matrix shown below? A. 3 X 15 B. 5 X 3 C. 15 X 3 D. 3 X 5

Answers

Answer:

3 x 5

Step-by-step explanation:

The dimension of a matrix is normally represented in form of:

number of rows x number of columns

In the given matrix, there are 3 rows and 5 columns.

=> The dimension of this matrix is 3 x 5

=> Option D is correct

Hope this helps!

What fraction is greater 6/8 or 3/2

Answers

Answer: 3/2

Explanation: 3/2, or 1 1/2 is an improper fraction, while 6/8, or 3/4 is just a fraction.
So, 3/2 > 6/8

Answer:

3/2

Step-by-step explanation:

3/2 is greater than 1. 6/8 is less than one.

On a road trip you see a sign "350 km to Indianapolis". About how many hours will it
take you to drive to Indianapolis if you are traveling at 68 mi/h (1 mile 1.61 km).
Round your answer to the nearest hundredth.

Answers

Answer: 3.20 hours

Step-by-step explanation:

Hi, to answer this question, first we have to convert the kilometers into miles:

Since: 1 mile = 1.61 km

For 350km:

350 /1.61 = 217.39 miles  

Next, we have to apply the next formula:

Time = distance / speed rate

Replacing with the values given:

Time = 217.39 mi / 68 mi/h = 3.20 hours

Feel free to ask for more if needed or if you did not understand something  

Isabella changes 700 euros to pounds sterling for her trip to England. The exchange rate is 1 euro = £0.72 How many pounds will she get?

Answers

Answer:

700/1=700

Th ratio is 700 times more so we multiply by 700

700 x 0.72 = 504

504 pounds

Hope this helps

Step-by-step explanation:

She will get 504 pounds by multiplying 700×0.72= 504.

What is the benefit of changing currency?

Official currency substitution helps to promote fiscal and monetary discipline and thus greater macroeconomic stability and lower inflation rates, to lower real exchange rate volatility, and possibly to deepen the financial system.

Can you change the currency at the bank?

Many banks offer currency exchange to their customers. Though there may be a small fee, your bank or credit union will almost always be the best place to exchange currency (and the cheapest).

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) Sarah donated one-tenth of her salary to an orphanage, one-third of her salary is spent on food, one-fourth of salary on rent and electricity and one-twentieth of her salary on the telephone. She donated some amount to the Prime Minister's relief fund for the pandemic affected victims. She was left with ₹ 3000. If her monthly salary is ₹ 30,000: Find the amount she donated to the Prime Minister's Relief Fund

Answers

Answer:

₹ 4000

Step-by-step explanation:

Sarah's salary =₹ 30000

one-tenth of her salary to an orphanage= 1/10*₹ 30000= ₹ 3000one-third of her salary is spent on food= 1/3*₹ 30000= ₹ 10000one-fourth of salary on rent and electricity =1/4*₹ 30000= ₹ 7500one-twentieth of her salary on the telephone= 1/12*₹ 30000= ₹ 2500donated some amount to the Prime Minister's relief fund = xShe was left with ₹ 3000.

x= ₹ 30000- (₹ 3000+₹ 10000+₹ 7500+₹ 2500+₹ 3000)= ₹ 4000

Can someone please explain the math on this one to me? Thanks!

Assume that is takes an average of 3 man-hours to stack 1 ton of a particular item. In order to stack 36 tons in 6 hours, the number of people required is _____

Answers

Answer:

18 men = 36 tons in 6 hours

Step-by-step explanation:

3 men = 1 ton in 1 hour

6 men = 2 ton in 1 hour

9 men = 3 tons in 1 hour

with this you find a pattern

3 men = 2 tons in 2 hours

3 men = 3 tons in 3 hours

3 men = 6 tons in 6 hours

6 men = 12 tons in 6 hours

9 men = 18 tons in 6 hours

12 men = 24 tons in 6 hours

15 men = 30 tons in 6 hours

18 men = 36 tons in 6 hours

(This is how i worked it out)

Answer:

18 people

Step-by-step explanation:

Method A:

3 man-hours to stack 1 ton

36 tons is 36 times 1 ton, so it takes 36 times as long to stack.

36 * 3 man-hours to stack 36 * 1 ton, or

108 man-hours to stack 36 tons

To do the job in 6 hours instead of 108, you need to do 108/6 = 18 times as much work per hour, so you need 18 times as many people.

18 * 1 person = 18 people

Answer: 18 people

Method B:

1 person works 3 hours and stacks 1 ton. That same person works another 3 hours and stacks another ton. In a total of 6 hours, 1 person stacked 2 tons. Since you need 36 tons stacked in the same 6 hours, and 36 = 18 * 2, you need 18 times the number of people, so you need 18 people.

A panda weighed 8 pounds and gains 12 pounds every month. What is the vertical intercept (y-intercept) and what does it mean in the context of the situation?Immersive Reader

Answers

Answer:

y=8x+12

Step-by-step explanation:

Which of the following equations represents a proportional relationship?
A: y = 3x
B: y = 1/2x + 1
C: y = x/3 + 4
D: y = 2/5 - 5

Answers

Answer:

a

Step-by-step explanation:

y=3x

thus, a proportional relationship equation is y=kx .Where k is constant

Language is a complex system that includes the ways we express ourselves, such as speaking or writing, and ways we receive information, such as listening and reading. a. true b. false

Answers

Answer: False, language is a more specific word.

Step-by-step explanation:

Language is a complex and structured system of communication.

This word particularly refers to the "artificial codes or ciphers" that humans use to communicate.

The thing in the sentence is more general than language, this refers to communication:

"Communication is a complex system that includes the ways we express ourselves, such as speaking or writing, and ways we receive information, such as listening and reading."

So the actual sentence is false.

Solve the problem by entering and solving equation.
A rectangular picture frame has a perimeter of 56 inches. The height of the frame is 16 inches. What is the
width of the frame?
The solution is
+W)=
The width of the frame is
inches.

Answers

Answer:

12 inches

Step-by-step explanation

The perimeter of a rectangle is the sum of each of the sides. So, it would be Perimeter= width+width+height+height. Let's make x as the width as the variable. We already know the value of the perimeter and the height. We can then substitute these values in the above equation.

So, that would be 56=x + x +16 +16

Then we would solve for x. First combine like terms.

56=2x+32

Then, subtract 32 from each side.

24=2x

Finally, divide by 2 on both sides to get the answer.

x=12

Answer:

12 inches

Step-by-step explanation:

none none none none none none none

Identifying a proportion Which proportion resulted in the equation 3a = 7b

Answers

Answer:

a

Step-by-step explanation:

Identifying a proportion Which proportion resulted in the equation 3a = 7b

Answer:

B

Step-by-step explanation:

Which rule represents the translation from the pre image, rhombus ABCD, to the image rhombus A'B'C'D' ?

Answers

Answer:

Square ABCD was translated using the rule (x, y) → (x - 4, y + 15) to form A'B'C'D'.

Kelly bought a computer that was 20% off the regular price of $1,060. If a 7% sales tax was added to the cost of the computer, what was the total price Kelly paid for it?

Answers

Answer: $ 1361.04

Step-by-step explanation:

Discount will be 1060 * 20% = 212

Sales price 1060 + 212 = 1272

Tax 7% = 89.04

Kelly paid 1272 + 89.04 = 1361.04

Which statement below is the correct definition for denoting similar objects?

A. Similar objects have congruent angles and congruent sides
B. Similar objects have proportional angles and congruent sides
C. Similar objects have congruent angles and proportional sides.
D. Similar objects have proportional angles and proportional sides

Answers

Answer:

C. Similar objects have congruent angles and proportional sides.

Step-by-step explanation:

I took the test.

The correct option regarding the statement will be C. Similar objects have congruent angles and proportional sides.

It should be noted that similar objects are identical. Therefore, similar objects have congruent angles and proportional sides.

It should be noted that they don't have objects have congruent angles and congruent sides.

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