Aaron invested $7,000 in an account paying an interest rate of 3\tfrac{5}{8}3 8 5 ​ % compounded continuously. Mia invested $7,000 in an account paying an interest rate of 3\tfrac{3}{4}3 4 3 ​ % compounded monthly. After 17 years, how much more money would Mia have in her account than Aaron, to the nearest dollar?

Answers

Answer 1

Answer:

$265.27

Step-by-step explanation:

Aaron invested $7,000 in an account paying an interest rate of 3 5/8 compounded continuously. Mia invested $7,000 in an account paying an interest rate of 3 3/4% compounded monthly. After 17 years , how much more money would Mia have in her account than aaron, to the nearest dollar?

Aaron:

A = Pe^rt

r = 3 5/8%

r = 3.625/100

r = 0.03625 rate per year

A = Pe^rt

A = 7,000(2.71828)^(0.03625)(17)

= 7,000(2.71828)^0.61625

= 7,000(1.8519693482716)

A = $12,963.79

Mia:

A = P(1 + r/n)^nt

r = 3 3/4%

r = 3.75/100

r = 0.0375 rate per year

A = P(1 + r/n)^nt

A = 7,000(1 + 0.0375/12)^(12)(17)

A = 7,000(1 + 0.003125)^(204)

A = 7,000(1.003125)^204

A = 7,000(1.8898660935607)

A = $13,229.06

Difference between Mia and Aaron account

Mia - Aaron = $13,229.06 - $12,963.79

= $265.27


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Step-by-step explanation:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

if 20% of a number is 386, what will be 30% of the same number

Answers

if the 20% of a number is 386, what will be 30% of the same number

Answer will be 157

If 20% of a number is 386,  30% of the same number is 579

How to determne the number?

Let the number be x.

So,we have:

20% * x = 386

Express 20% as 0.20

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https://brainly.com/question/11360390

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Answer:

Hope it helps....

Step-by-step explanation:

Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

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Answer:

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Step-by-step explanation:

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Answers

Answer:

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Answers

Answer:

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Answers

Answer:

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Step-by-step explanation:

1 picture:

sin = Opp/Hyp

cos = adj/hyp

tan = opp/adj

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tan (F) = 3. 12/5

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2 Picture:

Sin (R) = 1. 60/68 = 30/34 = 15/17

cos (R) = 2. 32/68 = 16/34 = 8/17

tan (R) = 3. 60/32 = 30/16 = 15/8

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tan (F) = 3. 12/5

sin (F) = 1. 12/13

2. Sin (R) = 1. 60/68 = 30/34 = 15/17

cos (R) = 2. 32/68 = 16/34 = 8/17

tan (R) = 3. 60/32 = 30/16 = 15/8

Step-by-step explanation:

1 picture:

sin = Opp/Hyp

cos = adj/hyp

tan = opp/adj

cos(F) = 2. 5/13

tan (F) = 3. 12/5

sin (F) = 1. 12/13

2 Picture:

Sin (R) = 1. 60/68 = 30/34 = 15/17

cos (R) = 2. 32/68 = 16/34 = 8/17

tan (R) = 3. 60/32 = 30/16 = 15/8

HOPE THIS HELPS

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Answers

Answer:

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Step-by-step explanation:

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●●●●●●●●●●●

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Answers

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check work

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Answers

Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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