Sumaya is considering investing $8500 into the bank. Bank A offers 2.25% interest rate compounded semiannually. Bank B offers 1.75% interest compounded monthly.
She is planning on leaving the money in the account for 5 years until she goes to college.

Which bank should Sumaya go with and how much more will she make at that bank in the five years?

A. Bank A - she will make $1341.56 more

B. Bank B - she will make $1341.56 more.

C. Bank A - she will make $230.02 more.

D. Bank B - she will make $230.02 more.

Answers

Answer 1

9514 1404 393

Answer:

  C. Bank A - she will make $230.02 more.

Step-by-step explanation:

The account balance at each bank can be computed from ...

  A = P(1 +r/n)^(nt)

where principal P is invested at annual rate r compounded n times per year for t years.

Bank A

Sumaya's balance after 5 years will be ...

  A = 8500(1 + 0.0225/2)^(2·5) = 9506.14

Bank B

Sumaya's balance after 5 years will be ...

  A = 8500(1 +0.0175/12)^(12·5) = 9276.67

__

The balance at Bank A is larger by ...

  9506.14 -9276.67 = 229.47

The closest answer choice is ...

  C. Bank A - she will make $230.02 more

_____

Comment on the discrepancy

The difference between the offered answer choices and the values computed here arise from the use of rounding in intermediate calculations. We did no rounding until the final answer. The offered choices seem to be rounded to about 8 digits, possibly the consequence of using an inadequate calculator.


Related Questions

If total expenditure of firm is Rs. 1000 i). Price of labour (PL)is Rs 200. ii). |Price of capital (PK) is Rs. 100, then determine the budget line for the firm? (

Answers

Answer:

[tex]L + 2K = 200[/tex]

Step-by-step explanation:

Given

[tex]E=1000[/tex] --- Expenditure

[tex]L=200[/tex] --- Labor

[tex]K = 100[/tex] --- Capital

Required

Determine the budget line

First, we calculate the units of labor

[tex]U_1 = \frac{E}{L}[/tex]

[tex]U_1 = \frac{1000}{200}[/tex]

[tex]U_1 = 5[/tex]

Next, the units of capital

[tex]U_2 = \frac{E}{K}[/tex]

[tex]U_2 = \frac{1000}{100}[/tex]

[tex]U_2 = 10[/tex]

The budget line equation is:

[tex]U_1 * L + U_2 * K = E[/tex]

At this point, we take L and K as variables.

So, the equation becomes

[tex]5* L + 10* K = 1000[/tex]

[tex]5 L + 10K = 1000[/tex]

Divide through by 5

[tex]L + 2K = 200[/tex] -- Budget line equation

Give two solutions of the inequality: x > 4

Answers

X is greater than 4....

first to answer correct will be the baranist .the ratio of students who wear spectacles is 2:5.
1.what is the ratio of students who wear speactacles and those who dont.
2.if there are 15 students who dont wear speactacles ,how many students wear speactacles in the class.
3.how many students are there in class

Answers

Answer:

1) Who wear: 2:5

Whi don't wear: 3:5

2) 10 don't wear spectacles

3) 25

Hope it helps!!!

Is (4,10), (7,-2), (5,4), (7,6) a function?

Answers

No because the x value repeats.


Brainliest plz

what is the answer to w²-15w =0 ​

Answers

Answer:

w = (0, 15)

Step-by-step explanation:

w²-15w =0

w(w-15)=0

w=0 , w=15

if w=0

0(0-15)=0

0(-15)=0

0=0

if w=15

15(15-15)=0

15(0)=0

0=0

Find the perimeter and the area of the figure.
6 cm
7 cm
9.5 cm
6.5 cm

Answers

The perimeter and the area of the composite figure are 29 centimeters and 49.5 square centimeters, respectively.

How to determine the perimeter and the area of the figure

In this problem we have the representation of a composite figure, the result of the combination of a rectangle and a triangle. The perimeter of the figure is the sum of the sides and the area of the composite figure is the result of suming the areas of the rectangle and triangle:

Rectangle

A = b · h

Triangle

A = 0.5 · b · h

Where:

b - Baseh - HeightA - Area

And the perimeter and the area of the composite figure are now computed:

Perimeter

p = 6 cm + 7 cm + 6.5 cm + 9.5 cm

p = 29 cm

Area

A = 0.5 · (6 cm) · (2.5 cm) + (6 cm) · (7 cm)

A = 7.5 cm² + 42 cm²

A = 49.5 cm²

To learn more on composite figures: https://brainly.com/question/23082031

#SPJ1

Reina scored twice as many goals at her last field hockey game as she did during the first game of the season. If ff represents the number of goals Reina scored during the first game, which expression represents the number of goals she scored during the last game?


And pls dont say that u put the answer somewhere esle

Answers

Answer:2-f

Step-by-step explanation:

Give the center and radius of the circle x2+y2=25
A) (2,3)r=5
B) (0,0)r=5
C) (0,0)r=25
D) (3,2)r=25

Answers

Answer:

B) (0,0); r=5

Step-by-step explanation:

A circle's standard form is (x-h)^2+(y-k)^2=r^2

The center is (h, k) and the radius is r.

So, here the center would be (0, 0) and the radius would be square root 25, or 5.

Answer:

(0,0) r=5

Step-by-step explanation:

The guy above me

What is the area of the real store in square inches? What is the area of the real store in square feet? What are the dimensions (length and width) of the store in feet? Is it a big store or a small one? PLEASE HELPP!!

Answers

Answer:

The dimensions of the real store are 80 times bigger as per scale:

1.875 in * 80 = 150 in = 150/12 ft = 12.5 ft2.25 in * 80 = 180 in = 180/12 ft = 15 ft

The area of the real store:

150 in * 180 in = 27000 in²12.5 ft * 15 ft = 187.5 ft²

You work at Initech for a year. Your annual salary income is $38,000. You received a 3% salary increase. What is your NEW salary with the raise?

Answers

$49,400. If you multiply the income (38,000) by the salary increase (3%=0.3), then you get 49,400. Good Luck!

A deck of cards contains RED cards numbered 1,2,3,4,5,6 and BLUE cards numbered 1,2,3,4,5.

Answers

Answer:

what's the question? if you clarify ill answer

The price of a suit decreased from $280 to $182 during a clearance sale.

What is the percent of decrease in the price?

Answers

Answer:

12%

Step-by-step explanation:

Answer:

%35

Step-by-step explanation:

You would take 182 and divide it by 280. That equals .65, you would take the 1 and subtract your answer to get .35 or %35.

The student council has $800 to spend on homecoming t-shirts. The number of t-shirts they can buy is a function of the price of the price of the t-shirt p, in dollars, given by n(p)= 800 over p. As p gets larger and larger, what does the end behavior of the function tell you about the situation? *

Answers

Answer:

n will get lower and lower

Step-by-step explanation:

In this equation the number of shirts is being multiplied by the price of each individual shirt and ultimately equals a total of $800. This means that the total must always be equal to $800 and cannot surpass it or be blow this value. Therefore, if the value of p gets larger and larger the less the number of shirts (n) that the students will be able to buy. This is the only way for the total cost to remain steady.

Solve for x. Rounds the answers to the nearest tenth.

Answers

X= 36.9
So the third one is the correct answer

Q2.
P= 2g + 3h
(a) Work out the value of P when g = 7 and h= -4


Plz help me

Answers

Answer:

P = 2

Step-by-step explanation:

Plug in 7 for g, and -4 for h: P = 2(7) + 3(-4)

Multiply: P = 14 + -12

Add: P = 2

P=2
2(7)+3(-4)=p
That is the answer

so i need this for a math problem on my math subject but i forgot how to do this can you guys help me please its due soon :)

Answers

Red ! Add the corresponding x coordinates and then divide by 2. Repeat for the y values

Answer:

(5,-3)

Step-by-step explanation:

You just find the middle #

(3,-1)  and   (7,-5)

the middle point of 3 and 7 is 5

the middle point of -1 and -5 is -3

so (5,-3)

Find the area.
2m
2m
3m

Answers

Answer:

5 m²

Step-by-step explanation:

please mark me as brainliest

Help i have 10 mins left

Answers

Answer:

I love you

Step-by-step explanation:

mhuuuuaaaaa good luck

What is the vertex of the graph?

Answers

The answer is (1,3)

I hope it helped u

1/4x + 3/4 = 1/2 ??????????

Answers

Answer:

x = -1

Step-by-step explanation:

1/2 = 2/4

____________________________________________________________

1/4x + 3/4 = 2/4

        -3/4     -3/4

1/4x = -1/4

divide by -1/4

x = -1

Hope this helped! Have a nice day! Plz mark as brainliest!!!

-XxDeathshotxX

y=5x+6
what is this equation called?

Answers

Answer:

I don't know if ur asking for the answer to the equation but its called an algebraic expression, I think.

Linear!!!!!!!!!!!!!!!!!!!

A 36 meter wallpaper frieze is fitted around a rectangular room.
The room is 6 meter wide.
How long is the room?

Answers

The room is 12 meters wide
The perimeter is 36 so 36-6-6-2x this solves to be 24=2x
X=12

Which line is parallel to line r?

Answers

Answer:

uh line o

Step-by-step explanation: can you provide an image?

What is the circumference of a circular plate with a radius of 3 inches?
(Round your answer to the nearest tenth.)
A. 27.3 in
O B. 37.7 in
C. 9.4 in
D. 18.8 in

Answers

Answer:

18.8

Step-by-step explanation:

C =2*pi*r

C = 2*pi*3

C= 18.849

C=18.8

Answer: D. 18.8 in.

Steps:
Circumference = 2πr

2πr
2 * π * 3 = 18.84956

18.84956 = 18.8

I would appreciate brainliest if this was correct, helpful, and had clear steps! :)

Find the measure of the arc or central angle indicated. Assume that lines which appear to be
diameters are actual diameters.


Please please help will give BRAINLIST

Answers

Answer:

310°

Step-by-step explanation:

[tex]m\overset{\frown}{DBC} = m\overset{\frown}{DB} + m\overset{\frown}{BC} = 180^\circ + 130^\circ = 310^\circ[/tex]

6.
Do the following conversions:
a.2 GB = ---------------- Kb

b.
2×10 MB = ------------------- B


please answer the question fastly​

Answers

Answer:

a) 2000000 kilobytes

b)20 000 000 bytes

Kim bought a lawn chair that had a ticket price of $25.00. She ended up paying $26.50 after tax. If she were to buy a $40.00 patio table, how much would she have to pay after tax?

Answers

Answer:

She would have to pay $42.50, which is 6.25% sales tax.

A building has a ramp to its front doors to accommodate the handicapped. If the distance from the building to the end of the ramp is 25 feet and the height from the ground to the front doors is 7 feet, how long is the ramp? (Round to the nearest tenth.)

24.0 ft
9.9 ft
26.0 ft
5.7 ft

Answers

Answer:

9.9

Step-by-step explanation:

The living room in the house has an area off 244 square feet and a width of 14 feet what is the length of the room

Answers

Answer:

14

Step-by-step explanation:

So if its 224 square feet and the width if 14 feet the length should be 14 also I think lol Here , imagine a square put 224 inside it for the area , then put down 14 on top and bottom because its the width , multiple 14×14=56+140=196+14=210+14=224 And the last 14's are the length which u have to add Im not sure if that made any sence lol but I hope it did .


Based on the diagram, which expresses all possible
lengths of segment AB?

A. AB = 25
B. 27 < AB <81
C. AB = 85
D. AB < 27 or AB > 81

Answers

Answer:

B

Step-by-step explanation:

Given 2 sides of a triangle then the third side is in the range

difference of 2 sides < AB < sum of 2 sides , that is

54 - 27 < AB < 54 + 27

27 < AB < 81 → B

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