PLEASE HELP








Item 7
James deposits $12,000 into each of two savings accounts.

Account I earns 2.2% interest compounded annually.
Account II earns 2.2% annual simple interest.
There are no additional deposits or withdrawals.
What is the sum of the balances of these accounts at the end of 7 years?


$27,168.00

$27,696.00

$27,822.53

$27,949.08

Answers

Answer 1

Answer:

Step-by-step explanation:

x/12,000=2.2/100 so you multiply 12,000x2.2=26,400

then you divide 26,400 by the other 2.2=12,000

then u add 12,000+26,400=38,400

i think i messed up i would think it would be 27,822.53 but im not sure

Answer 2

The sum of the balances of these accounts at the end of 7 years is $27,822.54.

What is the sum of the balances of these accounts at the end of 7 years?

The balance in each account would be determined and added together.

The formula that can be used to determine the balance in the account that is compounded annually is:

FV = P (1 + r) nm

FV = Future value

P = Present value

R = interest rate

m = number of compounding

N = number of years

12,000 (1.022)^7 = $13,974.54

The formula that can be used to determine the balance in the account that earns a simple interest is: amount deposited + (amount deposited x time x interest rate)

12,000 = (12,000 x 0..022 x 7) = $13,848

$13,848 + $13,974.54 = $27,822.54

To learn more about future value, please check: https://brainly.com/question/18760477


Related Questions

Kevin drew a triangle with angle measures of 30 degrees and 40 degrees and side measures of 5 cm, 7cm, and 8 cm. Explain, using sides and angles, which type of triangle Kevin drew.

Answers

Answer:  

He drew a scalene triangle

Step-by-step explanation:

A scalene triangle is where all side measure and all angle measure are different.

The complement of angle M is 10 degrees. What is the measure, in degrees, of angle M?

Answers

Complementary angles add up to 90 degrees.

Let x = complement of angle M is 10 degrees.

We want to solve x + M = 90.

Let's solve for M.

10 + M = 90

M = 90 - 10

M = 80.

The measure of angle M is 80 degrees.

Question 1. Philant sleeps 3/8 of each day. He spends 1/3 of each day at work. What fraction of his day is he not sleeping or working? Explain how you got your answer.

On Saturday, Akena spent 2/3 hour at the park with her family. Then she spent 1/4 hour riding her bike. How much longer did Akena spend at the park than riding her bike? Explain how you got your answer. *
PLSSS HELP!!

Answers

The first question. 7/24

Explanation: first you need to get the fractions to the same denominator so you use lowest common multiples
The lowest common multiple of 8 and 3 is 24 so you times both 3 and 8 by 3 giving you 9/24 and then you times both 1 and 3 by 8 giving you 8/24
When you add these together you get 17/24 so the rest of that would be 7/24

WILL GIVE BRAINLYEST

Please solve this i need it now

Answers

I don’t see nothing

Help I don’t get this math question plz help thx

Answers

Answer: 1/12

Step-by-step explanation:

We know by looking at the spinner that there is a 1/6th chance of getting purple. (There are 6 colors and 1 purple). We also know that we have a 1/2 chance of flipping a heads on the coin. We multiply because it is an “and” problem and get 1/12.

Hope that helps!

2 in a 6

cause a quarter only has 2 sides and the circle only has 6 colors

so its 2 in a 6

HELP ASAP!!! please i need help...I will give brainilist for good and correct answer.

Answers

Answer:

25 minutes

Step-by-step explanation:

median before = 53

median after = 28

53-28 = 25

Other info

The median marks the mid-point of the data and is shown by the line that divides the box into two parts (sometimes known as the second quartile). Half the scores are greater than or equal to this value and half are less.

The difference of the set of median shown = 25 minutes.

the answer is 25 53-28=25.

I would really appreciate the help, please!!! I'll give Brainliest if you show your work, including the points that you use to calculate the slope and y-intercept!!!
Eric plotted the graph below to show the relationship between the temperature of his city and the number of cups of lemonade he sold daily:

A scatter plot is shown with the title Lemonade Sales. The x-axis is labeled High Temperature, and the y-axis is labeled Cups of Lemonade Sold. Data points are located at 30 and 4, 40 and 6, 40 and 8, 50 and 2, 55 and 10, 65 and 14, 70 and 16, 75 and 14, 85 and 19, 90 and 20.
Part A: Describe the relationship between the temperature of the city and the number of cups of lemonade sold. (2 points)
Part B: Describe how you can make the line of best fit. Write the approximate slope and y-intercept of the line of best fit. Show your work, including the points that you use to calculate the slope and y-intercept. (3 points)

Answers

Answer:

The answer for part A: If the city is hotter in temperature more people will want the cold refreshing lemonade.

Part B: The line of best fit is a line that will have the same amount of point on each side so you should draw a straight line and then make sure it has the same amount of point on each side. To calculate the slope use Y2-Y1/X2-X1, Y-intercept is the point that intercepts the Y-intercept.

Step-by-step explanation:

Part A: Because if it is hot outside you will sweat more being less hydrated which is why more people would want a drink especially lemonade.

Answer:

:))

Step-by-step explanation:

work hard

Two friends leave their houses at the same time and run across town towards each other. The first friend runs at a speed of 8 miles per hour. The second friend runs at a speed of 7 miles per hour. If they left at 6 p.m. and their houses are 20 miles apart, at what time will they meet?

Answers

Answer:

8x7 = 56 x 20 = 1,120 divide it by 60

Step-by-step explanation: they will meet at 4:06 am

Graph out the three problems, and if you can, show work! Thanks! Pls help!

Answers

Answer:

Step-by-step explanation:

for number 4 on y=-2x-4 the answer is x= −1 /2 y−2 i think

I’ve tried to do every problem in depth to help you!!
Hope it helps and comment if you have any questions
Connect the colored match dot on each graph

Tammy understood 3/4 of the math homework assignment. There were 48 problems on the homework assignment. How many problems did Tammy understand? PLEASE ANSWER THIS IS DUE IN 10 MIN!!

Answers

36 should be the correct answer
36 explanation: 3/4 x 48 = 36

Target store is having a 10% off sale on PS5 this
weekend. If x is the original price of a skateboard, what
will be the final sales price, excluding tax? Create 2
different equations.
Please hurry.

Answers

Answer:

Step-by-step explanation:

x-10/100x

Will give brainly to correct answer

An analog clock has a minute hand that is 7cm in length, and an hour hand that is 6cm in length.

During a 24 hour day, how far in total do the tips of both hands travel? Remember the circumference of a circle is the diameter times pi.

Answers

Answer:

minute hand= 43.96

hour hand = 37.68

all together 81.64

Step-by-step explanation:

Answer:

minute hand= 43.96

hour hand = 37.68

all together 81.64

Step-by-step explanation:

Which for the following is the best estimate of 12 18/21? (⬅Those are mixed number fractions.)

A) 12
B) 12 1/2
C) 13
D) 13 1/2

Answers

I’m pretty sure it C) 13

Have a great day
Simplified it is 12 6/7 so it would probably be closest to 13

the area of the parrelleogram is 72 inches. what is the height in square inches

Answers

Answer:

so its 72÷6 so I think it would be 12

A new mystery novel will cost Mikayla $26.60. If she earns $6.65 an hour, how many hours will she have to work in order to purchase it?

Answers

Answer:

4 hours

Step-by-step explanation:

1) Compose an equation : 6.65h=26.60

where h is for the amount of hours

2) Divide both parts of the equation by 6.65, in order to find h.

3) 6.65h/6.65 = 26.60/6.65

4) h = 4

She has to work 4 hours

She has to work 4 hours

the questions are on the attached screenshot file.

Answers

Answer:

i dont know i just need the points

Step-by-step explanation:

This is a quiz so no one should be helping....
Also this isn’t math

Write your answer in simplest form.

whats 6 3/7 divided by 5

Answers

Six 3 and 7th dived by five, i think I’m not sure

The transfer of heat is responsible for many of the events that occur on Earth. Which of the following events is most directly caused by radiation from the Sun?
the circulation of air
the warming of Earth's surface
the movement of ocean currents
the movement within Earth's mantle

Answers

the answer is the second one

help pleaseeeeeeeeeeeee

Answers

Step-by-step explanation:

17.0 there you go I hope this helped

I NEED QUADRATIC EQUATION!PLEASE!URGENT QUIZ!A rectangular poster has an area of 190 square inches. The height of the poster is 1 inch less than twice its width. Find the dimensions of the poster.

Answers

don’t click on the link for the first one.

help!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

c. 12x + 16x and 4(3x + 4x)

Explanation:

12x + 16x = 4(3x + 4x)

12x + 16x = 12x + 16x

12,486 + what = 14,471.

Answers

Answer:

1,985

Step-by-step explanation:

If you do 14,471 minus 12,486, that would be 1,985 which would be the answer.

Hope this helps!

help pleasse. three ppl are thinking abt this we got
1.5
2
3
which is right??

Answers

I can't see the hole word problem but I think it's 1.5

1.5 is correct answer

Band students are tested on, and required to pass, a certain number of scales during the year. As of today, Isaac has passed 9 scales, whereas his friend Audrey has passed 14 of them. Going forward, Isaac has committed to passing 3 scales per week, and Audrey has committed to passing 2 per week. At some point soon, the two friends will have passed the same number of scales. How long will that take? How many scales will that be?


In _ weeks, the friends will each have passed _ scales.

Answers

Answer: In 5 weeks, the friends will each have passed 24 scales

Step-by-step explanation:

let x be the number of weeks

9+3x=14+2x

x=5

5 weeks 24 scales have a blessed day

Apply the distributive property to create an equivalent expression.
4(x - 2 + y) =

Answers

4x - 8 + 4y

Hope this is right

Answer:

4x - 8 + 4y

Step-by-step explanation:

When an expression inside a pair of brackets is multiplied by a value, all you need to do is multiply each term inside the brackets by that coefficient:

4(x - 2 + y)

= 4 × x - 4 × 2 + 4 × y

= 4x - 8 + 4y

plzzzzzzzzzzzzzzzzzzz

Answers

0 shirts have been sold meaning you have made $0
You haven’t sold any do that =0 and that means you have “made” $0

PLEASE HELP ME QUICKLY

Answers

Answer:

10

Step-by-step explanation:

theres your answer now u help me

1. -2/2 2. -12/2 3. 4/7 4. 12/-5

Need help ASAP pls any false answers will be reported

Answers

Alr what do you need help on?? You didn’t post an image with this so how can I help? Can you tell me the problem please

Answer: whats the problem

Step-by-step explanation:

Determine whether the graph represents a function.
Does the graph represent a function?
A. yes
B. no

Answers

Answer:

Yes

Step-by-step explanation:

the answer your looking for is yes.

Which symbolic mapping statement correctly describes a reflection across the line y=x?
A. (x,y)↦(−x,y)
B. (x,y)↦(x,−y)
C. (x,y)↦(y,x)
D. (x,y)↦(−x,−y)

Answers

Answer:

the answer is c

Step-by-step explanation:

Answer:

C. (x,y)↦(y,x)

Step-by-step explanation:

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