Gabe deposits $2,500 into each of two savings accounts.

Account ONE earns 4% annual simple interest.
Account TWO earns 4.5% interest compounded annually.
What is the sum of the balances of Accounts ONE and TWO at the end of 3 years?

Answers

Answer 1

Answer:

637.5 I think it's right

Step-by-step explanation:

2,500x.04=100x3=300

2,500x.045=112.5x3=337.5

300+337.5=637.5 interest

2,500x2+637.5=5,637.5

Answer 2

Answer:

$5,612.16

Step-by-step explanation:

Part 1) Account I earns 4% annual simple interest.

we know that

The simple interest formula is equal to A = P (1+rt)

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest  

t is Number of Time Periods

in this problem we have:

t = 3 years

P = $2,500

r = 4% = 4/100 = 0.04

substitute in the formula above

A = 2,500 (1 + 0.04 * 3)

A = 2,500 (1.12)

A = $2,800

Part 2) Account II earns 4% interest compounded annually.

we know that    

The compound interest formula is equal to: A = P (1 + r/n)nt

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

t = 3 years

P = $2,500

r = 4% = 4/100 = 0.04

n = 1

substitute in the formula above  

A = 2,500 * (1 + 0.04/1)3

A = 2,500 * (1.04)3

A = $2,812.16

Part 3) What is the sum of the balances of Account I and Account II at the end of 3 years?

Sum the two final investment:

$2,800 + $2,812.16 = $5,612.16


Related Questions

Please help me with this question

Answers

Answer:

1. 3 x 2 = 6 / 4 x 3 = 12 = 6/12 [simplify] = 1/2 thats the first answer, just do how i did it to get the others, its pretty simple

The last one is 4/9.

Biking burns on average 185 calories every
thirty minutes.

Answers

Answer:

1 hour = 185 x 2 = 370

2 hours = 185 x 4 = 740

3 1/2 hours = 185 x 7 = 1,295

5 hours = 185 x 10 = 1,850

Answer:

Step-by-step explanation:

moneyhbyfgrciylqdw awrfckejghvuord;tuo5

what is the graph in slope intercept form

Answers

Answer: Slope intercept form is y=mx+b, where m is slope and b is the y-intercept. We can use this form of a linear equation to draw the graph of that equation on the x-y coordinate plane.

Step-by-step explanation:

Answer:

Slope intercept form is y=mx+b which is m is slope and b is the y-intercept.

Step-by-step explanation:

Courtney walks 1 mph slower than Brandi does. In the time that it takes Brandi to walk 6.5 mi, Courtney walks 5 mi. Find the speed of each person

Answers

Answer:

Courtney's walking speed = 3.33mph

Brandi's walking speed = 4.33 mph

Step-by-step explanation:

Let x = Courtney's walking speed

then

(x + 1) = Brandi's walking speed

:

Time = Distance/speed

Brandi walks 6.5 mi time = Courtney walks 5 mi time

6.5/x + 1 = 5/x

Cross multiply

6.5x= 5(x+1)

6.5x= 5x + 5

6.5x - 5x = 5

1.5x = 5

x = 5/1.5

x = 3.33 mph is Courtney's walking speed

Note that:

(x + 1) = Brandi's walking speed

3.33mph + 1 = 4.33mph

Therefore,

Courtney's walking speed = 3.33mph

Brandi's walking speed = 4.33 mph

The Courtney's walking speed = 3.33 mph. Brandi's walking speed = 4.33 mph.

We have given that,

[tex]6.5x - 5x = 5[/tex]

Courtney's walking speed = 3.33 mph

Brandi's walking speed = 4.33 mph

Let x = Courtney's walking speed

then (x + 1) = Brandi's walking speed

What is the formula time?

Time = Distance/speed

Brandi walks 6.5 mi time = Courtney walks 5 mi time.

[tex]6.5/x + 1 = 5/x[/tex]

Cross multiply

[tex]6.5x= 5(x+1)[/tex]

Simplify parenthesis right side

[tex]6.5x= 5x + 5[/tex]

1.5x = 5

Isolate x.

x = 5/1.5

x = 3.33 mph is Courtney's walking speed

(x + 1) = Brandi's walking speed

3.33 mph + 1 = 4.33 mph

Therefore,Courtney's walking speed = 3.33 mph

Brandi's walking speed = 4.33 mph

To learn more about the speed visit:

https://brainly.com/question/4931057

A school has a capacity of 965 students. If 541 students are already enrolled in the school, how many students remain? Round to the nearest ten.

Answers

Answer:

420 students

Step-by-step explanation:

965-541=424

round to the nearest ten and you get 420

i hope this helped, please mark this as brainliest! thanks

Answer:

The answer is 420

Step-by-step explanation:

You first do the equation 965 - 541. The answer to that is 424, but when you round it to the nearest ten, the answer would be 420.

The math clubs car can travel 9 meters in a second. The race track for the soap box derby is 63 meters long. How many seconds will it take the Math clubs car to make it around the track

Answers

Answer: it will take 7 seconds

Step-by-step explanation: 9 x 7 = 63

Given that R= 6x + 5y
Find y when x = 8 and R =20
Give your answer as an improper fraction in its simplest form​

Answers

Answer:

-28/5=y

Step-by-step explanation:

20=6(8)+5y

20=48+5y

-28=5y

-28/5=y

please help Pythagorean theorem


please answer all the question

Answers

Answer:

a)5

b)17

c) ?

[tex]d) 3\sqrt{2}[/tex]

Step-by-step explanation:

Answer:

Step-by-step explanation:

Formula: [tex]a^{2} + b^{2} = c^{2}[/tex]

A.)

[tex]a^{2} + b^{2} = c^{2}[/tex]

[tex]4^{2} +3^{2} = c^{2}[/tex]

16 + 9 = [tex]c^{2}[/tex]

25 =  [tex]c^{2}[/tex]

5 = c

__________________________________________________________

B.)

[tex]15^{2} + 8^{2} = c^{2}[/tex]

225 + 64 = [tex]c^{2}[/tex]

289 = [tex]c^{2}[/tex]

17

__________________________________________________________

C.)

[tex]11^{2} + 14^{2} = c^{2}[/tex]

121 + 196 = [tex]c^{2}[/tex]

317 = [tex]c^{2}[/tex]

17.8

__________________________________________________________

D.)

[tex]3^{2} + 3^{2} = c^{2}[/tex]

9 + 9 = [tex]c^{2}[/tex]

18 = [tex]c^{2}[/tex]

4.2

Sry my Wi-Fi is actin up

Is Sue´s answer correct? if not, why?

Answers

She distributed corrected.
She simplified correctly.
The solution is indeed none

Solution: Sue is correct

Please I need help I mark brainless!! The population of a certain city increased by 18,000 people.
Write a signed number to represent this population change.

Answers

Answer:

+18,000

Step-by-step explanation:

Answer:

population of a certain city is increased by 10,000 people. write

a signed number to represent this population change.

a car corporation produced 920 fewer cars this month than last. write a signed number to represent this months change in production

Step-by-step explanation:

6x4 as repeated addition

Answers

Answer:

6+ 6+6+6

or

4+4+4+4+4+4

Step-by-step explanation:

6 (4 times)

4 (6times)

(brainlist please):D

Answer:

6+6+6+6   or 4+4+4+4+4+4

Step-by-step explanation:

You can add them out

1.9t-5 simplify using commutative property

Pls help lolll

Answers

Answer:

There is nothing to be further simplified. It is how you wrote it. Let me know if it was a mistake I'll edit my answer.

Step-by-step explanation:

PLS Help PLSSS pllssssss

Answers

Answer:

$4.42

Step-by-step explanation:

hope that helps :))

Find the price please

Answers

Answer:

the answer is 45% that what I got at least

Which of the following polynomials have degree 5?

Answers

Answer:

lll

Step-by-step explanation:

*dab

it feels good to know the answer

||| ayooo yessirrrr

PLEASE HELP ME
a store sells two kinds of candles, scented and unscented. The scented candles burn 3/10 inch in 1/5 hour. The unscented candles burn 4/6 inch in 1/3 hour. it's due in 10 mins​

Answers

the unscented candles burn faster at a rate of (1/3) inches/ hour

Step-by-step explanation:

scented candles:

(1/12) / (20/60) = 1/4 inches/ hour

unscented candles:

(1/6) / (30/ 60) = 1/3 inches/ hour

hope it helps!

What is the exact value of cos7pi/12

Answers

(sqrt2 - sqrt6)/4 = - 0.259

cos ((7pi)/12) = cos 105 = - 0.259

Answer:

D. sprt2 - sqrt6/4

Step-by-step explanation:

If you mean the answer for edg that's what it is.

Hope that helps

please help i m clusless

Answers

Answer:

-25+? = -5

cross -5 over and it the negative sign would turn to postive sign

-25+(5)=?

Therefore answer = 20

To confirm this answer

-25+20= -5

Answer: (1) 20 (2) -15 (3) -10

Explanation:
I know it’s late but hope this helps! ^^

what is the opposite of 7​

Answers

Answer:

-7 is the opposite of 7

Step-by-step explanation:

pls mark brainliest to help rank

Peaches are on sale at $0.95 per pound. Mrs. Hinkle bought 3.45 pounds of peaches. How much did she pay for the peaches?

Answers

Answer:

$3.2775

Step-by-step explanation:

0.95 x 3.45 = 3.2775

Answer:

$3.27

Step-by-step explanation:

8.3 + 3.4y - 0.5 (12y - 7)

Answers

Answer:

-2.6y + 11.8

Step-by-step explanation:

Distribute -0.5 into 12y and -7 to get to this equation, 8.3 + 3.4y - 6y + 3.5.  Combine the two like terms together to get your answer which is -2.6y + 11.8.

A person on a moving sidewalk travels 12 feet in 4 seconds. The moving sidewalk has a length of 120 feet. How long will it take to move from one end to the other?

Answers

Answer:

40 seconds

Step-by-step explanation:

120/12 = 10

10*4 = 40

THEREFORE 40 seconds to walk 120 feet at that speed

Solve this pls. Thank you

Answers

Answer:

which one????????????????????

Evaluate the expression.
131 +-5

Answers

131+-5 is equal to 126
To make it less confusing it’s just 131-5

Answer:

126

Step-by-step explanation:

131 + - 5 can either be;

131 + 5 = 136

131 - 5 = 126

The question is probably asking what is 131 plus negative 5, hence the correct equation is; 131 - 5, and the correct answer is 126.

!!! PLEASE PLEASE HELP ME , IVE BEEN STUCK ON THIS FOR SOO LONG. I SERIOUSLY NEED HELP.!!!

Using two or more complete sentences, describe how you can find a vector parallel to B = (-2,3) .

Answers

Answer:

To find a vector parallel to B, such vector must be a scalar multiple of B.

Step-by-step explanation:

Two non-zero vectors are parallel if they are scalar multiples of one another.

A vector parallel to B must be a scalar multiple of B.

let the vector parallel to B be A, then their scalar multiple is given as;

A = kB

A = k(-2, 3)

where;

k is scalar

Thus, to find a vector parallel to B, such vector must be a scalar multiple of B.

Evaluate the following expression.
1 -4 x (-3) + 8 x (-3)

Answers

Your answer to this is -11

Answer:

1-4×(-3)+8×(-3)

1-(-12)+(-24)

-13+(-24)

-37 or,-11

I need help asap I’m confused

Answers

what’s the question?

whats is y= 2x-7 graphed

Answers

Answer:

Step-by-step explanation:

Start with a point at -7 on the y axis, and move up 2 right one repeatedly and keep making points. Then, connect them and you'll have your line.

Slope: 2
y-intercept: (0, -7)

what's the ratio for 3 stars and 7 circles

Answers

Answer: 3:7

Step-by-step explanation:

There are 3 stars for every 7 circles, thus the ratio is 3:7.

Answer:

3 : 7.

Step-by-step explanation:

For every 3 stars, there are 7 circles. If 3 stars is written first, you'll need to write 3 first in your answer, and 7 second.

This is what it would look like: 3 : 7

With ratios, you could also write,

3 to 7

or

3 / 7

But 3 : 7 is most common :)

Alisa programs her robot to make two moves on a line.
Positive numbers move the robot forward and negative
numbers move the robot backwards. First, it moves
117 cm. Then, it moves - 241 cm. what is the position of the robot relative to its start position
ANSWER ASAP PLSSS

Answers

117-241=-124
You need to have the same difference from the starting point for both numbers.
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