Larry and Peggy are making decisions about their bank accounts. Larry wants to deposit $350 as a principal amount, with an interest of 4% compounded quarterly. Peggy wants to deposit $350 as the principal amount, with an interest of 6% compounded monthly. Explain which method results in more money after 2 years. Show all work.

Answers

Answer 1

The method which result into more money after 2 years is Peggy method of saving at 6% interest rate and compounded monthly.

How to calculate compound interest?

Larry:

Principal, P = $350Interest rate, r = 4% = 0.04Number of periods, n = 4Number of years, t = 2

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

A = 350.00(1 + 0.04/4)^(4×2)

A = 350.00(1 + 0.01)(8)

A = $379.00

Peggy

Principal, P = $350Interest rate, r = 6% = 0.06Number of periods, n = 12Number of years, t = 2

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

A = 350.00(1 + 0.06/12)^(12×2)

A = 350.00(1 + 0.005)(24)

A = $394.51

Therefore, Peggy has more money than Larry after two years.

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Answer 2

Answer:peggy account brings in more money after two years.

Step-by-step explanation:

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

A=350(1+0.04/4)^(4)(2)

A=350(1.01)^8

A=378.999

Peggy

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

A=350(1+0.06/12)^(12)(2)

A=350(1.005)^24

A=394.505

So Peggy’s account brings in more money after two years.


Related Questions

#6: Clayton is flying a model helicopter. The helicopter starts
on the roof of a building that is 85 feet above the ground.
Clayton makes the helicopter climb at a constant rate. After
10 seconds, the helicopter is 120 feet above the ground. How
many feet above the ground will the helicopter be after 20
seconds?
A. 130 B. 155 C. 205 D. 240

Answers

Answer:

155 feet

Step-by-step explanation:

the building is 85 feet high that's where drone starts

the drone flies to 120 feet in 10 seconds from 85 feet so the rate equals 35 feet per 10 second

in 20 seconds the drone would be 70 feet higher.

so the final height would be 85 feet plus 70 feet which equals 155 feet.

hope that helps

What is the address of the element 0 ?

Answers

523 to be in the right body form and shape

In an arithmetic sequence, each term after the first is found by multiplying the previous term by a constant.
True false question.
True
False

Answers

Answer: False

Step-by-step explanation:

The statement you are giving is for the Geometric Sequence, not the arithmetic sequence. So this is false!

In order to walk to school from your house, you walk 0. 8 mi north and 0. 5 miles east. What is the direct distance from your house to school

Answers

The direct distance from your house to school as calculated from the given data is 0.9434 miles.

Let

the distance walked North = A = 0.8 miles

the distance walked East= B = 0.5 miles

the direct distance between house and school be C

On using pythagoras theorem,

C² = A² + B²

   = 0.8 ²+ 0.5 ²

   = 0.89

C =0.9434 miles

A right triangle's three sides are related in Euclidean geometry by the Pythagorean theorem, also known as Pythagoras' theorem.

According to this rule, the areas of the squares on the other two sides add up to the area of the square whose side is the hypotenuse, or the side across from the right angle. This theorem can be expressed as the Pythagorean equation, which is an equation relating the lengths of the sides a, b, and the hypotenuse c , C² = A² + B².

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a) about what percentage of scores were between between 68 and 82? 68 % b) about what percentage of scores were between 61 and 75?

Answers

Therefore , the percentage of case 1 is 68% and percentage of case 2 is 47.4%

What is percentage?

One percent (symbolized as 1%), being the hundredth component, is represented as 100 percent, while 200 percent signifies twice the amount specified. As an illustration, 1% of 1,000 chickens is equal to 1/100 of 1,000, or 10 birds, and 20% of the quantity is equal to 20% of 1,000, or 200.

Here,

Given: Total number of freshman =500

mean =75 and standard deviation =7

a) the percentage of scores that fell between 68 and 82

340 is the number of freshman whose  scores that fell between 68 and 82

thus,

percentage = 340 /500 * 100

=> percentage = 68%

b)the percentage of scores that fell between 61 and 75

237 is the number of freshman whose  scores that fell between 61 and 75

thus,

percentage = 237/500 * 100

=> percentage = 47.4%

Therefore , the percentage of case 1 is 68% and percentage of case 2 is 47.4%

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(Get 30 points for answer, please answer truthfully)

Carter and his children went into a movie theater and he bought $33 worth of drinks and candies. Each drink costs $4.50 and each candy costs $3. He bought 3 times as many drinks as candies. Determine the number of drinks and the number of candies that Carter bought.

Answers

Answer:

6 drinks

2 boxes of candy

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

Explanation:

x = number of drinks

y = number of boxes of candy

These two variables represent positive integers.

"He bought 3 times as many drinks as candies" which means we can set up the equation x = 3y

-------------

1 drink costs $4.50

x drinks cost 4.50x dollars

1 box of candy costs $3

y boxes of candy cost 3y dollars.

4.50x + 3y = total cost = 33 dollars

Therefore, we arrive at the second equation of 4.50x+3y = 33

-------------

We have this system of equations

[tex]\begin{cases}x = 3y\\4.50x+3y = 33\end{cases}[/tex]

I'll use substitution to solve. Replace x with 3y in the second equation, then isolate y.

[tex]4.50x+3y = 33\\\\4.50(3y)+3y = 33\\\\13.50y+3y = 33\\\\16.50y = 33\\\\y = 33/16.50\\\\y = 2\\\\[/tex]

This tells us he bought 2 boxes of candy.

Use that value to find x.

[tex]x = 3y\\\\x = 3*2\\\\x = 6\\\\[/tex]

Carter also bought 6 drinks.

-------------------------------

Check:

6 drinks = 6*4.50 = 27 dollars2 boxes of candy = 2*3 = 6 dollarsTotal cost = 27+6 = 33 dollars

The answers are confirmed.

Another way to confirm the answers is to plug (x,y) = (6,2) into each equation of the system I mentioned earlier. After simplifying, you should get the same thing on both sides.

A visual way to confirm the answers is to graph each equation on the same xy grid. The two lines intersect at (6,2). You can use a graphing tool such as Desmos or GeoGebra.

What is the domain of the function of x graphed below?
(-6.-5)
A {xx>-1}
(-1.3)
Cx-5 B {x-6 D {xx<3}

Answers

Answer:

Step-by-step explanation:

B is the answer

Create a line from-6,-5 to the x axis to -6 and draw a line from -1,3 down to x axis because that is your domain. Make sure to look at your open circles or closed circles at end of the line, if closed there are block brackets, If open then it is parenthesis. If it is a coordinate it is curly brackets. So therefore the answer is B


First try was incorrect
Hercules ate 6 hot dogs every 16 minutes. At that rate, how long,
minutes, will it take to eat 18 hot dogs?

Answers

Answer:

48 minutes

Step-by-step explanation:

6 : 16 = 18 : x

x = 16 * 18 / 6

x = 16 * 3

x = 48

In canada, 63% of households speak english as their primary language, and 23% speak french as their primary language. if two canadian households are selected at random, what is the probability that the first household speaks french, but the second household speaks english? (0.23)(0.63) = 0.1449 0.23 0.63 = 0.86 0.23 0.63 – (0.23)(0.63) = 0.7451 startfraction 0.23 over 0.63 endfraction = 0.3650

Answers

The probability that the first household speaks french but the second household speaks english is equal to the probability that the first household speaks french, multiplied by the probability that the second household speaks english given that the first household does not speak french. We are given that 63% of households in Canada speak English as their primary language and 23% speak French as their primary language. Thus, the probability that the first household speaks French is 0.23, and the probability that the second household speaks English given that the first household does not speak French is 0.63. Therefore, the probability that the first household speaks French but the second household speaks English is 0.23 * 0.63 = 0.1449. This means that there is a 14.49% chance that the first household speaks French but the second household speaks English if two Canadian households are selected at random.

The probability that the first household speaks French, but the second household speaks English, is 0.1449. The correct option is a.

What is the probability?

The Probability in mathematics is the possibility of an event in time. In simple words, how many times that incident is happening in any given time interval.

Given:

In Canada, 63% of households speak English as their primary language, and 23% speak French as their primary language.

Let A be the event that the household speaks French and B be the event that the household speaks English.

Converting percentage to decimals,

63% = 0.63

and 23% = 0.23

According to the question,

P (A) = 0.23 and P (B) = 0.63.

Then, the probability that the first household speaks French, but the second household speaks English is,

Probability =(0.23) x (0.63)

                  =0.1449

Therefore, the probability that the first household speaks French, but the second household speaks English is 0.1449.

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if there are five people in a car and 1 person is the driver, how many unique seating arrangements are there

Answers

Answer:

none

Step-by-step explanation: if the person driving is one of the five people than none

Cynthia is a real estate agent. In one of her properties, a large square
room has an area of 405 square feet. To find the length of one side of
the room, Cynthia writes V405 feet. Simplify this expression, using the
first rule of radicals.

Answers

The expression after simplifying with the first rule of radicals is 9√5.

What is a square?

A square is a two-dimensional figure that has four sides and all four sides are equal.

The area of a square is side²

We have,

Area of a square = side² _______(1)

Area = 405 square feet _______(2)

From (1) and (2) we get,

405 square feet = Side²

Side = √405 feet

[ 405 = 81 x 5 ]

Side = √(81 x 5)

[ 9² = 81 ]

Side = 9√5

Thus,

The side length is 9√5 feet.

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Tell how you can ue mental math to find 45. 8 X 10 to the 3rd power and 45. 8 X 0. 1

Answers

The result of 45.8*10^3 is going to be 45800. Using mental math, 45.8*0.1 will be 4.58.

What is mental math?

A set of abilities known as mental math enable people to perform calculations "in their heads" without the aid of paper and pencil or a calculator. Recalling math information, such as 8 x 5 = 40, is one of these abilities. Rounding numbers and estimating calculations are additional abilities. Mathematical calculations made solely with the human brain, without the aid of any materials or tools like a calculator, are referred to as mental calculations. When computing tools are not available, when mental calculation is quicker than other methods, or even in a competitive setting, people may use it.

Here,

45.8*10³=45800

45.8*0.1=4.58

The value of 45.8*10³ will be 45800. The value of 45.8*0.1 will be 4.58 using mental math.

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If (a + b + c)‐¹= a‐¹+ b‐¹ + c‐¹, show that (a + b + c)³ = a³ + b³ + c³.​

Answers

Step-by-step explanation

:We have to prove that (a + b + c)³ - a³ - b³ - c³ = 3(a + b ) (b + c) (c + a).

Considering LHS,

LHS : (a + b + c)³ - a³ - b³ - c³

= [(a + b + c)³ - a³] - (b³ + c³)

Using the algebraic identity,

a³ - b³ = (a - b)(a² + b² + ab)

(a + b + c)³ - a³ = ((a + b + c) - a)((a + b + c)² + a² + (a + b + c)a)

Using the algebraic identity,

(x + y + z)² = x² + y² + z² + 2(xy + yz + zx)

= (b + c)(a² + b² + c² + 2(ab + bc + ca) + a² + a² + ab + ac)

= (b + c)(3a² + b² + c² + 3ab + 2bc + 3ac)

Using the algebraic identity,

a³ + b³ = (a + b)(a² + b² - ab)

b³ + c³ = (b + c)(b² + c² - bc)

So, [(a + b + c)³ - a³] - (b³ + c³) = (b + c)(3a² + b² + c² + 3ab + 2bc + 3ac) - [(b + c)(b² + c² - bc)]

= (b + c)[3a² + b² + c² + 3ab + 2bc + 3ac - (b² + c² - bc)]

= (b + c)[3a² + b² + c² + 3ab + 2bc + 3ac - b² - c² + bc]

= (b + c)[3a² + 3ab + 3bc + 3ac]

= (b + c)[3(a² + ab + bc + ac)]

= (b + c)[3(a(a + b) + c(b + a)]

= (b + c)[3(a + c)(a + b)]

= 3(a + b)(b + c)(a + c)

= RHS

Please por favor someone help me out (;​

Answers

The answers are 1) Distributive property 2) Combining like terms 3)    Subtraction property of equality 4)  Subtraction property of equality 5)  Subtraction property of equality

What is mathematical identities?

An identity is an equality that holds true regardless of the values chosen for its variables. They are used in simplifying or rearranging algebra expressions.

Given; 4x-2(3+2x) = 2x+11

1) 4x-6-4x = 2x+11 = Distributive property

2) 4x-4x-6 = 2x-11 = Combining like terms

3) -6 = 2x-11 = Subtraction property of equality

4) -17 = 2x = Subtraction property of equality

5) -8.5 = 2 =  Subtraction property of equality

Hence, the answers are 1) Distributive property 2) Combining like terms 3)    Subtraction property of equality 4)  Subtraction property of equality 5)  Subtraction property of equality

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when there are three treatment groups and 300 participants, what is the degrees of freedom in the denominator of the f-statistic calculation?

Answers

The degrees of freedom in the denominator of the f-statistic calculation is 2.

Explain the term degrees of freedom?

The number of distinct bits of information required to construct a statistic is called the degrees of freedom, which is frequently denoted by the letters v or df.

It is determined by subtracting the number of constraints from the sample size.Normal reporting of the results of a statistical test includes the test statistic and the degrees of freedom in brackets.Its degrees of freedom refers to the quantity of independent data points utilized to generate the statistic.

For the stated question-

degrees of freedom df = n - 1

n = 3 groups

df = 3 - 1

df = 2

Thus, the degrees of freedom in the denominator of the f-statistic calculation is 2.

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David catches 75 camels, tags them, and releases them. ​A few weeks later, a helicopter pilot takes an aerial photograph of 310 camels, 25 of which are tagged. To the nearest whole number, what is the best estimate for the camel population?

Answers

Answer:

103

Step-by-step explanation:

[tex]\frac{75}{310} = \frac{25}{p}\\ 25 X \frac{310}{75} = 103[/tex]

Giving Brainly to whoever helps! Thanks.

Answers

Answer:

140 hamburgers

Step-by-step explanation:

to find the answer we must first use a let statement and write an equation

let x = hamburgers

hamburgers * 2 is cheeseburgers and added together that is 420

so

x + 2x = 420

now solve

3x = 420

x = 140

140 hamburgers were sold

Answer:

Step-by-step explanation:

240 divided by 3= 80

80+80=160

160 hamburgers sold altogether on Wednesday.

what effect does increasing the sample size have on the probability? provide an explanation for this result.

Answers

Increasing the given sample size will decreases the probability because σx will decreases as n value increases.

In Statistitics whenever we test a hypothesis for testing a statistic, we use confidence interval. Confidence interval is on either side of an assumed value a margin of error. Margin of error is calculated as critical value * sigma/sqrt of n. Thus we find that whenever n increases, margin of error decreases.

Thus making confidence interval narrower and thus making probability for accepting null hypothesis a less value. As the pattern sizes increase, the range of every sampling distribution decreases so they emerge as more and more leptokurtic. The variety of the sampling distribution is smaller than the variety of the authentic populace. Therefore, as a pattern length increases, the pattern imply and general deviation might be nearer in fee to the populace imply μ and general deviation σ.

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The winner of a 1000 mile race drove his car to victory at a
rate of 131.3009 mph. What was his time (to the nearest
thousandth of an hour)?

Answers

He took 7.616 hours for victory at the speed of 131.3009 and cover 1000 miles.

What is distance?

The distance between two sites is the length of the route. The metre is the SI unit for distance.

What is speed?

The speed at which an object’s location changes in any direction. The distance travelled divided by the time it took to travel that distance is how fast something is moving.

What is time?

The amount of time that something happens, goes through a process, or remains the same.

Speed= 131.3009 mph

Total distance= 1000 miles

Speed = distance/ time

time= distance/ speed

time= 1000/131.3009

(nearest thousandth means round off upto 3 decimal places)

time= 7.616 hours

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finding an irrational number between which given pair of numbers supports the idea that irrational numbers are dense in real numbers? math 3

Answers

If there is another element of the same set between any two members of a set, we can say that the set is dense.

We'll show that the first choice—3.14 and pi—is the right one.

To prove that the set of irrational numbers contains a lot of real numbers, we must first discover an irrational number that lies between two specified real numbers.

In order to extend this to the real set, which is the union of irrational numbers and rational numbers, we should be able to find an irrational number between a rational number and an irrational number (or between an irrational number and a rational number). This is because we know that irrational numbers are dense (between two irrational numbers we can find another irrational number).

The first option, which has one of each, will then be the right choice.

Pi is irrational, while 3.14 is rational.

Finding an irrational number between these two indicates that the real set contains many irrational numbers.

(Note that the third option likewise has an irrational and a rational number, but the first one, [tex]e^{2}[/tex], is larger than the second one[tex]\sqrt{54}[/tex], thus it is written wrongly; for this reason, we did not choose it.)

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Three times the sum of x and 7 is 27. What is x?

Answers

Answer:

2

Step-by-step explanation:

it says 3 times the sum of x and 7 equals 27 so 1st divide 27 by 3 which gives you 9 and then subtract 7 which is given and that gives you 2 for your answer

A group of friends went to a hamburger bar 2/5 of them bought a hamburger, 1/3 of them bought just chips, and the rest bought cola, what fraction of the group bought food? what fraction just bought drinks

Answers

By adding the given fractions, we can see that 11/15 of the friends bought food, and 4/15 bought drinks.

What fraction of the group bought food?

We know that 2/5 of the group bought a hamburger, and 1/3 of them bought chips.

Then the total fraction of friends who bought food is given by the addition of the two fractions above.

2/5 + 1/3

finding a common denominator we will get:

(3/3)*(2/5) + (5/5)*(1/3)

6/15 + 5/15

11/15

So 11/15 of the friends bought food, and the rest:

4/15 bought drinks.

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Write 0.000000836 in scientific notation.

Answers

The decimal 0.000000836 in scientific notation is 8. 36 × 10^-7

What is scientific notation?

Scientific notation can be defined as a way of expressing numbers too small or too large to be conveniently written in decimal form.

It is also referred to as standard index form,  standard form and scientific form.

It is commonly used for complex calculations with lengthy numbers.

It is also described as a method of expressing numbers in the terms of a decimal number that is between 1 and 10, and not 10 itself multiplied by a power of 10.

Given the decimal;

0.000000836

In scientific notation, it is written as;

8. 36 × 10^-7

The power is negative because the zeros are counted towards the right side.

Hence, the value is 8. 36 × 10^-7

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A year hence a father will be 5 times as old as his son. Two years ago, he was three times as old as his his son will be four years hence. Find their present age.​

Answers

x = son’s age

y = father’s age

5(x + 1) = y + 1

3(x + 4) = y - 2

First equation simplified:

5x + 5 = y + 1

y = 5x + 4

Plug into second equation:

3x + 12 = 5x + 4 - 2

-2x = -10

x = 5 (age of son)

y = 5(5) + 4 = 29 (age of father)

(1 point) how many different ways can a race with 6 runners be completed? (assume there is no tie.) your answer is : 36

Answers

There are 720 different ways can a race with 6 runners be completed.

What is a combination?

The process of combining or the condition of combining. a combination of things; an amalgamation of concepts. a grouping of notes: A chord is a grouping of notes. a grouping of people or entities acting together to impede commerce.

Here, we have

The winner can be chosen from all 6 runners, the second person can be chosen from 5 people, the third - from 4, and so on.

So the total number of possible results can be calculated as:

n = 6×5×4×3×2×1= 6!

= 720

Hence, there are 720 different ways can a race with 6 runners be completed.

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56% of what number is 21

Answers

Answer:

The answer is 37.5.

Step-by-step explanation:

37.5 is the answer. 21 x 100 then divide the answer by 56

Please help me, I need this for tomorrow’s test

Answers

The answer is 8.666667

Answer:

12

Step-by-step explanation:

14 + 7 = 21

14 / 21 = ⅔

AE = 18

x / 18 = ⅔

x = 18 x ⅔

x = 12

Look at picture !!!!
Slope=
Y-intercept=
Equation=

Answers

Answer:

y = -5x -2

Step-by-step explanation:

Equation y=mx+b

Slope m=(y2-y1)/(x2-x1)

Slope m=(-7- -2)/(1 - 0)

Slope m=(-7 + 2)/(1 - 0)

Slope m=(-5)/(1)

Slope m= -5

Point-slope form = y − y 1 = m ( x − x 1 )

Point-slope form = y − -2 = -5 ( x − 0 )

Point-slope form = y + 2 = -5x − 0

Point-slope form = y = -5x -2

byuiedu

brightstormcom

Do you know the answer~?
then please help me!!!!!!!!!!!!!!

Answers

The amount of Chemical  B needed is 1.6 g.

what is graph?

This refers to a diagram that shows a series of one or more points, lines, line segments, curves, or areas that represents the variation of a variable when compared with that of one or more other variables.

The quantity of Chemical B is plotted against the quantity of  Chemical A.

Chemical B  is plotted on the vertical axis using the scale of 1 cm to represent 2 units. Chemical A is plotted on the horizontal axis using the scale of 1 cm to represent 1 unit.

Therefore, on the graph, the line passing through the origin of the graph shows that when  1.4 g of Chemical A is used  1.6 g of Chemical B is needed.

Calculations:

Chemical B  is plotted on the vertical axis using the scale of 1  cm to represent 2 units.

To get the amount of Chemical B is  on vertical axis =  2 grams

                                                                                             5 boxes

                                                                                       =0.4 g

Tracing the mass of Chemical A used 1.4 g it meets the line passing through the center at 4th line (4th box).

To get the amount of Chemical B is  on vertical axis = amount of Chemical B per box * the number of line (boxes).

To get the amount of Chemical B is  on vertical axis = 0.4 g * 4 lines (boxes)

                                                                                        = 1.6 g

Hence The amount of Chemical  B needed is 1.6 g.

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The product of two consecutive numbers is 3306. What are the numbers?​

Answers

the two consecutive numbers are 58 and 57.
Other Questions
If I want to Save a file, what Menu do I go to? Question 1 options: Help View Insert Home Consider the following program code:x = 9y = 3temp = xx = yy = tempWhat are the values of x and y as a result of this program code? Using the model below label and define the purpose of the following in relation to transcription: Promoter: Introns: Transcription Factors: Poly-A Signal Sequence: RNA polymerase: Poly-A Tail: Enhancer: Template: Transcription Start Site: Non-Template: Exons: 5' Cap: geomtrynnnnnnnnnnnnnnnnnn Having the ability to speak ones mind while still being able to listen and compromise are all helpful traits necessary in developing healthy social relationships. please select the best answer from the choices provided a. true b. false exported piano component parts to a company in taiwan, it allowed the company 90 days to pay for the parts. this is an example of a(n) calculate the annualized yield for commercial paper with 15 days to maturity that is priced at $997,500. a history of infection specifically caused by group a beta-hemolytic streptococci is associated with which disorder? chronic renal failure nephrotic syndrome acute glomerulonephritis acute renal failure which of these statements regarding the differences between monopoly and a competitive market are true? Patrick is a computer programmer. When there is a problem to solve, he writes the code to come up with a solution. What type of learner is Patrick? Airport B is 300 mi from airport A at a bearing N 50 E (see the figure). A pilot wishing to fly from A to B mistakenly flies due east at 250 mi/h for 35 min, when he notices his error. Of the three major environments in a situation analysis (internal, customer, external), which do you think is the most important in a general sense? Why? What are some situations that would make one environment more important than the others? Describe what seafloor structures you might encounter if you could walk underwater from the united states to europe. In the introduction of the perils of indifference how does Wiesel appeal directly to his us audience The United States was the first country to use a federal system of government?TrueFalse Rob for over a year.-haven't been seen-isn't seen-hasn't been seen-wasn't seen How does the speaker in the poem feel about his daughter and his first wife? What evidence in the poem tells you this? Why does the speaker say, "With regards to your husband" (line 63) even though the poem is addressed to his daughter? What effect does it create in the poem? Your response should be at least 400 words and contain evidence from the text that supports your argument describe what powers stars and explains, how this happens bob has been diagnosed with schizophrenia. he believes that the water company is sending poisonous gases through the drains in his sinks and bathtub. he believes they are doing this because he has ideasfor world peace that the president of the united states does not want anyone to know about. bob displays symptoms of which type of schizophrenia? Around the world, all the laws governing behavior on the internet are:___.a. the same. b. well enforced. c. confusing. d. hard to enforce.