Janice wants to invest $1,000. Texas Loan & Credit will offer Janice an annual simple interest rate of 6% that is paid upon withdrawal. Pecan & Cedar Savings Bank will offer Janice an interest rate of 3% that is compounded annually. Which Bank will yield better interest earnings after investing $1,000 for 2 years?

Answers

Answer 1

Answer:

Texas Loan & Credit will yield better interest earnings after Janice invested $1,000 for 2 years.

The interest earnings will be $120 as against Pecan & Cedar's $60.90.

Explanation:

Texas Loan & Credit:

Simple interest rate = 6%

Janice's Investment = $1,000

Interest earnings = $120 ($1,000 * 6% * 2)

Pecan & Cedar Savings Bank:

Compound interest rate = 3%

Janice's investment = $1,000

Interest earnings = $60.90 ($1,000 * 3%) + ($1,030 * 3%)

In the second year, the interest earnings of $30 are added to the principal to get a new compounded principal of $1,030 on which 3% is also applied.


Related Questions

Find the values for X

Answers

Answer

5

12/4=3

20/4=5

the value of x is 5

A six-pack of sports drinks cost 4.20. what is the price per drink?

Answers

Answer:

.70 cents

Step-by-step explanation:

Just divide $4.20 by 6. Hope this helps! God bless.

to find unit rate divide 4.20/6 to get 70 cents

hope this helps and please mark brainliest

Write an equation in slope-intercept form of the line with the given slope (m) and y-intercept (b). m= 1 b= -1

Answers

Answer:

y = 1x - 1 is the slope-intercept form

Answer:

y=1x-1

Step-by-step explanation:

Slope Intercept Form is y=mx+b where m is the slope, x is the number of x times, b is the y intercept, y intercept is the part of a line where the x is 0 and the y touches a y axis, vice versa for x intercept

it said i got 0.5/1 and idk which one was wrong

Answers

Answer:

Step-by-step explanation:

slope is ( - [tex]\frac{4}{5}[/tex] )

What is the nth term rule of the quadratic sequence below?
12
,
17
,
24
,
33
,
44
,
57
,
72
,
.
.
.

Answers

Answer:

Step-by-step explanation:

9514 1404 393

Answer:

  a[n] = n² +2n +9

Step-by-step explanation:

First differences are ...

  17-12 = 5; 24-17 = 7; 33-24 = 9 . . . . . . define d1=5

So, second differences are ...

  7-5 = 2; 9-7 = 2 . . . . . . . define d2=2

The coefficient of the n² term is half the second difference (=d2/2). The 0-th term will be smaller than the first term by the difference between the first first difference and the second difference (d1-d2):

  a0 = a1 -(d1 -d2) = 12 -5 +2 = 9

So, the quadratic rule will be ...

  a[n] = n² +9 +kn

for some value of k.

We can find k using the first term of the sequence.

  a[1] = 1² +9 +k·1 = 12

  k = 12 -10 = 2

Then the rule is ...

  a[n] = n² +2n +9

If a football field is 100 yd long, how would you find its length in miles?

Answers

Answer:

If it is yards to miles, you divide. Precisely by 1760.

Therefore, if you were to divided 100 bye 1760, it would be around 0.0568182

Step-by-step explanation:

1 yard is 1/1760 fraction of a mile therefore football field will be 0.05682 miles long.

What is unit conversion?

To convert any unit into another is called a unit conversion.

In order to convert units, we need to care about their dimensions their dimension should not be changed.

For example conversion of a kilometer to a meter is to multiply by 1000 but meter and kilometer both unit is for distance only.

Another example could be kilo gram to gram.

1 mile = 1760 yards.

Divide by 1760

1760/1760 yards = 1/1760 mile

1 yard = 1/1760 mile

Multiply by 100

100 yard = 100/1760 mile

100 yard = 0.05682 mile

Hence "1 yard is 1/1760 fraction of a mile therefore football field will be 0.05682 miles long".

To learn more about unit conversion,

brainly.com/question/11543684

#SPJ2

Help ....................

Answers

Answer: 2 (h-f)

Step-by-step explanation:

Factor out 2

h(2)−f(2)

2(h−f)

What is the answer to
6-12 divided by (-3)
Evaluate the expression

Answers

Answer:2

Step-by-step explanation:

6-12 =-6

-6/-3=2  mark brainliest please

what is 11/2 divided by 1/2

Answers

the answer is 11
if you plug into your calculator make sure you use parenthesis

Write your Geometry Statement.
If PQ = 6x - 1 and PR = 15x - 29,
then QR = ?

Answers

Answer:

QR = 21x - 30

Step-by-step explanation:

Iff Q - P - R,

Then

QR = PQ + PR

QR = 6x - 1 + 15x - 29

QR = 21x - 30

a music store marks up the instruments it sells by 30%.If the store bought a guitar for $45, what will be its store price? Give your answer in money format for example if your answer is 14.2, you should type $14.20. No spaces. *

Answers

Answer:

Selling price= $58.5

Step-by-step explanation:

Giving the following information:

Guitar cost price= $45

Mark up percentage= 30%

To calculate the selling price of the guitar, we need to use the following formula:

Selling price= cost price*(1+mark up)

Selling price= 45* (1+0.3)

Selling price= 45*1.3

Selling price= $58.5

Quick! Please Help Me ASAP!
Marissa's dance studio charges a monthly fee, plus a fixed amount per class. The line shows the cost y, for x taken. Write an equation for the line in slope-intercept form. Show your work.

Answers

Answer:

Step-by-step explanation: The slope is 10 because when x moved positive 2, y moved positive 20 so y = 10x + b and you can just pick one point that the line crosses so I will use (2, 40) so when you put that in the equation it is 40 = 20 + b so b is 20. The answer is y = 10x + 20

A linear equation is given by:

y = mx + b;

where y, x are variables, m is the slope of the line and b is the y intercept.

Let y represent the total monthly charges for x amount of class.

From the graph, the line passes through point (0,20) and (2, 40). Hence, the equation of the line is:

[tex]y-y_1=\frac{y_2-y_1}{x_2-x_1} (x-x_1)\\\\y-20=\frac{40-20}{2-0} (x-0)\\\\y-20=2x\\\\y=2x+20[/tex]

Hence the equation for the line in slope-intercept form is y = 2x + 20

Find out more at: https://brainly.com/question/2037828

Please some one help please help me I will pray for you

Answers

Answer:

35

Step-by-step explanation:

Answer: 35

Step-by-step explanation:

Simplify:
5g (3g + 7g² - 9)



A. 50g⁴ - 45g

B. 15g2 +35g – 45g

C. 8² + 12g³ – 4g

D. 8g + 7g²- 9

E. 5g⁴​

Answers

The answer is B. 15g2 +35g - 45g

1.Your paycheck will take 6.2% out of your check for FICA-social security? So if you gross $250 every 2 weeks how much will you pay in Social security?

I just want to know if the every two weeks part matters

Answers

Yes the 2 weeks part does matter

What set does this belong to

Answers

2 Answers:

Choice A) Real Numbers

Choice F) Rational Numbers

===============================================

Explanation:

Any number you encounter so far in your math class is a real number, assuming your teacher hasn't covered complex numbers yet. So -7/16 is a real number.

It is also a rational number. Rational numbers are of the form p/q where p and q are integers. The value of q cannot be zero. Since it is rational, that means it's not irrational.

Since -7/16 = -0.4375 has a fractional or decimal part, it is not a whole number, integer, or natural number. Those numbers only deal with values that don't have any fractional parts.

A) real numbers
F) rational numbers
Hope this helps!!

If a car goes from 60 miles per hour to 10 miles per hour in 5 seconds, find its acceleration. Enter your answer as a whole number. Do not label with units of measurement. For example "12." If the answer is a negative number, then you would enter "-12." No spaces between the negative sign and the number. *

Answers

Answer:

[tex]a=-4.47\ m/s^2[/tex]

Step-by-step explanation:

Given that,

Initial speed of a car, u = 60 mph = 26.82 m/s

Final speed of a car, v = 10 mph = 4.47 m/s

Time, t = 5 s

We need to find the acceleration of the car. The rate of change of velocity is called the acceleration of an object. It can be given by :

[tex]a=\dfrac{v-u}{t}\\\\a=\dfrac{4.47 -26.82 }{5}\\\\a=-4.47\ m/s^2[/tex]

So, the acceleration of the car is [tex]4.47\ m/s^2[/tex] and it is deaccelerating.

which one?
a b c or d?​

Answers

Answer:

If you look up the equation on google there is a calculator for that and you should get ur answer there

Step-by-step explanation:

PLEASE HELP ME PLEASE ILL GIVE BRAINLIEST AND ALOT OF POINTS

Answers

The answer is 2/3!!!

Answer:

Write the fraction in simplest form.

− 7 /12

Step-by-step explanation:

I looked it up on Math_Way

-3=ax-14/4
Solve the equation for x in terms of a.

Answers

Answer:

2/a = x

Step-by-step Explanation:

First you multiply both sides by 4, leaving you with -12 = ax - 14. Then you add 14 to both sides, which gives you 2 = ax. Then divide both sides by a, where you get your answer, 2/a = x

Help please !!

What is the measure of <8

Answers

Answer:

C. 39

Step-by-step explanation:

m∠3 ≅ m∠5

4x - 7 = 6x - 81

-7 = 2x - 81

74 = 2x

37 = x

m∠5 = 6(37) - 81 = 141

m∠8 = 180 - 141 = 39

Which graph represents a function, f(x), that has a slop of 3 units and F(0) =14

Answers

Answer:

You didnt leave a picture



please help o need to know the slope!​

Answers

It’s A, rise over run becomes negative three, and the y intercept is 2

Answer:

A

Step-by-step explanation:

100% slope is -3 because you need to move down 3 times which is -3 and move to the right once which is 1

Slope= rise/run

Slope=-3/1 which equals -3

y-intercept= 2 because you just look at the y-axis and see any points that connects to it while the x is zero

Olivia baked 16 mini-loaves of banana bread to be sliced for snacks at a craft fair. She will place an equal number of loaves in 3 different locations. What if Olivia wants to put only whole loaves at each location? How many loaves will be at each location?

Answers

Answer:

The number of whole loaves at each location = 5 loaves

Step-by-step explanation:

This problem is essentially testing your ability to use simple division within remainders, and the number of whole loaves is calculated as follows:

Numer of loaves of bread = 16

number of locations = 3

next, we will divide the number of loaves by the number of locations since Olivia placed an equal number of loaves in 3 different locations:

[tex]= \frac{16}{3} = 5\frac{1}{3}[/tex]

This means that there will be 5 whole loaves and 1 loaf that will be divided equally into the three places.

Therefore, the number of whole loaves at each location = 5 loaves

but remember that there will be a remainder of 1 loaf.

Please answer both questions I'm running out of coins I'll try to get more!​

Answers

Answer:

3. 2.1            4. 6.4

Step-by-step explanation:

Answer: 2.1

Step-by-step explanation:

One month Maya rented 2 movies and 5 video games for a total of $32. The next month she rented 8 movies and 3 video games for a total of $43. Find the rental cost for each movie and each video game.

Answers

Answer: The rental cost for each movie is $3.5  and each video game is $5.

Step-by-step explanation:

Let x= rental cost for each movie

y = rental cost for each movie video game.

As per given,

2x+5y = 32      (i)

8x+3y=43        (ii)

Multiply 4 on both sides of equation (i)

8x+20y = 128     (iii)

Eliminate (ii) from (iii)

17y=85

⇒ y = 5   [divide both sides by 17]

Put this in (i)

2x+5(5)=32

⇒ 2x+25= 32

⇒ 2x= 7

⇒ x  = 3.5    [divide both sides by 2]

Hence, the rental cost for each movie is $3.5  and each video game is $5.

Ben participated in a race. During the first half of the race, he walked 3 miles and ran at a rate of 5 miles per hour for x hours. During the second half of the race, he walked for 2 miles and ran at a rate of 5.5 miles per hour for x hours. What equation could you write to solve for the number of hours Ben ran during each half of the race? Let y represent the number of miles in half the race. Write two equations, one for the first half of the race and one for the second half. How could you transform these two equations to be the same as the original equation you wrote to solve for x? What do you think this means about solving for the variables in a situation represented by two equations?

Answers

Answer:

C

Step-by-step explanation:

y = 5x + 3

y = 5.5x + 2

0.5x = 1

x = 2

y = 13

Answer:

The answer is y = 13

y = 5.5x + 2

x = 2

(5.5 * 2) + 2

(11) + 2 = Y or 13

6000x50 what is the answer?

Answers

Answer:

300000

Step-by-step explanation:

An easy way to solve this is find 6x5 which is 30 and then add all of the 0s at the end from the equation which is 4 zeros

is it always, never, or sometimes​

Answers

Answer:

sometimes

Step-by-step explanation:

Estimate 1189-597. Show your working.

Answers

Answer:

400

Step-by-step explanation:

1189 becomes 1000

597 becomes 600

therefore 1000-600= 400

I am not sure so please let me know

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