Luke invested $2400 in two accounts. The first account pays 3% simple interest. The second account pays 3% compound interest with interest compounded annually(at the end of each year) After 10 years how much will the second account be worth than the first account?

Answers

Answer 1
The first account would be 720 in simple interest and the second account would be 3238.32 so subtracting would give 2518.32 more with than the first account. Comment if you need the full workings
Answer 2

The second account (compound interest) is worth more than the first account (simple interest) is $105.4.

What is compound interest?

Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.

What is simple interest?

Simple interest is the concept that is used in many companies such as banking, finance, automobile, and so on.

Luke invested $2400 in two accounts.

The first account pays 3% simple interest.

The second account pays 3% compound interest with interest compounded annually(at the end of each year) After 10 years.

The interest from the first account will be

[tex]\rm Simple \ Interest = \dfrac{2400*3*10}{100} = \$720[/tex]

The interest from the second account will be

[tex]\rm Compound \ interest = 2400(1.03)^{10} - 2400\\\\Compound \ interest = \$825.4[/tex]

Then the second account be worth more than the first account will be

→ $825.4 – $720 = $105.4

More about the compound interest link is given below.

https://brainly.com/question/25857212


Related Questions

Write the equation of the line in slope-intercept from:
1. Point:(2,3) slope: 4
2. Point:(1,4) slope:-2
3. Point:(-2,5) point:(0,3)
4. Point:(7,0) point:(3,-3)
If you do this, you’ll be the greatest person in the world!

Answers

Answer:

1. 4x - 5

2. -2x + 6

3. x + 3

4. 4/3x - 5

Step-by-step explanation:

I used a calculator and my math skills :)

Given the statement "r varies jointly as s and t". if r =16 when s = 4 and t =6, what is the constant of the variation?​

Answers

Arrangements for weddings would have been with the local church. Weddings were always a religious ceremony, conducted by a minister. The religions varied but the legal process prior to the wedding was always the same. There were no Registry Office marriages or marriages conducted by a Justice of the Peace. The first stage was Crying the Bann

determnine if each table shown below represents a function or not.

Answers

Answer:

Table 1 does not represent a function.

Table 2 does not represent a function.

Step-by-step explanation:

                                                 Table 1

Input (x)               1             3          5              5           9        

Output (y)             7            16         19             20       28

We know that a function is a relation where each input or x-value of the X set has a unique y-value or output of the Y set.

In other words, we can not have duplicated inputs as there should be only 1 output for each input.

Table 1 indicates that x = 5 is repeated twice. In other words, the input x = 5 is duplicated and we know that we can not have duplicated inputs as there should be only 1 output for each input.

Therefore, table 1 does not represent a function.

                                              Table 2

Input (x)               0.5         7          7               12        15      

Output (y)              1           15         10             23        30

We know that a function is a relation where each input or x-value of the X set has a unique y-value or output of the Y set.

In other words, we can not have duplicated inputs as there should be only 1 output for each input.

Table 2 indicates that x = 7 is repeated twice. In other words, the input x = 7 is duplicated and we know that we can not have duplicated inputs as there should be only 1 output for each input.

Therefore, table 2 does not represent a function.

Conclusion:

We have concluded that both tables do not represent the function.

solve for x 2|x|+5=11

Answers

Answer:

Solve for x over the real numbers:

abs(x) = 3

Hint: | Eliminate the absolute value.

Split the equation into two possible cases:

Answer: x = 3 or x = -3

Step-by-step explanation:

READ

10 times

100 times

600 times

Or

1000 times


50 points and brainlist

Answers

Answer:

100 times

Step-by-step explanation:

100 times

please is 100 times

find f(-10) f(x)=7x-5​

Answers

Answer:

f(-10) = -75

Step-by-step explanation:

F(x) is simply another way of saying y. We are given the x value of -10. We can substitute this in for x and find y.

f(-10) = 7(-10) - 5

f(-10) = -70 - 5

f(-10) = -75

Answer:

Rewrite the equation in term of  

x

and  

y

.

f

(

x

)

=

2

x

2

7

x

+

5

Rewrite the equation in vertex form.

Tap for fewer steps...

Complete the square for  

2

x

2

7

x

+

5

.

Tap for more steps...

2

(

x

7

4

)

2

9

8

Set  

y

equal to the new right side.

y

=

2

(

x

7

4

)

2

9

8

Use the vertex form,  

y

=

a

(

x

h

)

2

+

k

, to determine the values of  

a

,  

h

, and  

k

.

a

=

2

h

=

7

4

k

=

9

8

Find the vertex  

(

h

,

k

)

.

(

7

4

,

9

8

)

Step-by-step explanation:


I really need help with this question thanks

Answers

Answer:

12.12

Step-by-step explanation:

SO its A special right triangle which means its. 30,60,90 triangle

we know the bigger leg is 14

so we divide that by 2 since

leg 1 = Unknown (y)

leg 2= 2y=14

Since leg 1 is basically half of leg 2, we divide leg 2 by 2 and get 7

now for the hypotenuse Its just y√3 so in this case y is 7

SO when solved 7√3 you’d get 12.12 rounded  

The distance a coiled spring stretches varies directly with the amount of weight hanging on the spring. If a spring stretches 2 cm when a 30 gram weight is hung from it, how far will it stretch when a 75 gram weight is hung from the spring?

Answers

Answer:

5 cm

Step-by-step explanation:

The distance a coiled spring stretches varies directly with the amount of weight hanging on the spring.

Distance = D

Weight = W

Hence:

D ∝ W

D = kW

Where k is constant of proportionality

Step 1

We solve for k

If a spring stretches 2 cm when a 30 gram weight is hung from it.

2 = 30k

k = 2/30

k = 1/15

Step 2

how far will it stretch when a 75 gram weight is hung from the spring?

D = kW

We are solving for D

k = 1/15

D = 1/15 × 75

D = 5 cm

The spring would stretch 5cm with a weight of 75 gram.

HELP FAST PLEASE I'LL MARK YOU BRAINLIEST

Which equation represents the line that is perpendicular to y = 3x + 5 and passes through the point (-3, -4)?

1. y = (2/3)x − 5
2. y = −5x − (1/3)
3. y = (1/3)x − 5
4. y = −(1/3)x − 5

Answers

Answer: y = -1/3x -5 (4th option is correct)

Step-by-step explanation:

The slope of a perpendicular line is opposite reciprocal --> -1/3Find b.-4 = -3(-1/3) + b-4 = 1 +b-5 = b

Which equation shows this formula solved for m?
P=5(m+10) need help asap will give brainest
a. m=[tex]m=\frac{p-5}{10}[/tex]
b.m=[tex]\frac{p}{5}-50[/tex]
c.m=[tex]\frac{p-50}{5}[/tex]
d.m=5p-50

Answers

Answer:

viariables

Step-by-step explanation:

Madison was given a large box of 42 chocolates for her birthday. If she eats exactly 5
chocolates each day, how many chocolates would Madison have remaining 5 days
after her birthday?

Answers

Answer:25

Step-by-step explanation: bc 5 x 5 =25

Answer:17 chocolates left

Step-by-step explanation:

5x5= 25

42 - 25 = 17

hopefully this helps

(0,4) F (-40) (40) (0, -4) What is the length of FG ? 811 units O OD. units 3 units units 3 Ос. units 13​

Answers

The answer is C

Hope it helps

Multiplying binomials using area model.

Answers

Answer:

4x²+35x+24

Step-by-step explanation:

FOIL the binomials and simplify

4x^2 + 35x + 24

That's all I know.

What is the value of x?

Answers

Answer:

answer is 6............

10^2- 8^2= x
100-64= x
36=x
then take the square root of 36
x=6

What is the radius if you drew a new circle with a scale facter of 3

Answers

Answer:

it is 5

20-5-10=5 and there is your answer

The current flow to a transformer's primary circuit measures 16 amps. The transsformer's secondary current measures 80 amps. What the transformer's turns ratio?

Answers

Answer:

1/5

Step-by-step explanation:

The transformer formula is as expressed as

Ns/Np= Ip/Is

Ns and Np are the number of turns in the secondary and primary coil respectively

is and Ip are the currents in the secondary and primary coil respectively

Given the following

Ip = 16A

Is = 80A

Substitute into the formula

Ns/Np = 16/80

Ns/Np = 1/5

Hence the transformer's turn ratio is 1/5

Answer: for pf, 1:5 is WRONG!

Step-by-step explanation:


In a video store, a DVD that sells for $20 is marked down to $14. What is the
percent discount? *
Explain how you got your answer.

Answers

30% because each dollar is five percent so 20-14=6 6*5=30 hope the helps

Part A


How much material does he need to cover the one rectangular side of the tent with the rip? Justify your answer using equations/formulas, models, and/or words to explain your mathematical reasoning.







PLS HELPP PLSSSSSSSSSSs


Part B


If Marcus’s dad wanted to re-cover the whole tent including the bottom, how much material would he need? Justify your answer using equations/formulas, models, and/or words to explain your mathematical reasoning.

Answers

3x2x3+2=
Then times the answer u get by 3

Answer:

A) How much material does he need to cover the one rectangular side of the tent with the rip? Justify your answer using equations/formulas, models, and/or words to explain your mathematical reasoning.  

Answer: If David’s dad wanted to cover the rectangular side of the tent, he would need to multiply the sides together. Using the formula A = l x w, I can solve for 6 and 9. 9 x 6 = 54, so 54 = 6 x 9.  

B) If David’s dad wanted to re-cover the whole tent including the bottom, how much material would he need?  Justify your answer using equations/formulas, models, and/or words to explain your mathematical reasoning.

Answer: If he wanted to re-cover the whole tent, he would need the product of the rectangular side, the triangular side, and the bottom side. Using A = l x w, I can solve for each side of the tent, For the rectangular side you multiply six by nine, then multiply two by the product. 6 x 9 = 54 x 2 = 108. For the triangular side, I need to multiply six times seven, 6 x 7 = 42. For the bottom, I need to multiply seven times nine, 7 x 9 = 63. Finally, I need to add them all up. 108 + 42 + 63 = 213 ft².                    

 

C) What is the volume of the tent?  Justify your answer using equations/formulas, models, and/or words to explain your mathematical reasoning. (You need to find the area of one of the triangular bases, and then you can take that measurement and multiply it with the height of the entire prism.) V=Bh, where B = area of one of the triangular bases

Answer: I need to find the volume of the tent, so I need to find the formula which is V = B x h. The base is 63, because I needed to find the area of one of the triangular bases, so I multiplied 7 x 9 = 63. The height is 6, so I need to multiply 63 x 6. When I multiply 63 x 6, I get the product of 378, so the volume of the tent is 378 ft³.

please please help!!

Answers

Answer:

108 No explanation needed, mark me brainliest

Answer:

108 is your correct answer

Step-by-step explanation:

can y’all help me on this?

Answers

Answer:

Step-by-step explanation:

V=l*w*h

V=4* 2 1/2 * 3 1/2=4*5/2*7/2=35

Answer:

V=35

Step-by-step explanation:

V=Bh

v=volume

b=base(length & width)

h=height

V=(4)(2 1/2)(3 1/2)

V=(10)(3 1/2)

V=35

please help me!!!!!

one month Ahmad rented 3 movies and 5 video games for a total of $42. The next Month he rented 9 movies and 7 video games for a total of $72 . find the rental cost for each movie in each video game ​

Answers

Answer:

The rental cost of one movie is $2.25 and the rental cost of one video game is $6.25

Step-by-step explanation:

Let the rental cost of 1 movie be m.

Let the rental cost of 1 video game be v.

Step-by-step explanation:

Nikos paid $22,500 for a new car. Over the next 3 years the value of his dropped $3750. How much did the value of the car drop each year on average?

Answers

Answer:

about $1250 per year.

There are 3 feet in 1 yard.Find the number of feet in a 15 yard run by a football player.

Answers

Answer:

45

Step-by-step explanation:

15*3=45

Answer:

45

Step-by-step explanation:

Evaluate (x + y)for x= -3 and y= 5.
A.-1/2
B.0
C.1
D.2

Answers

It’s D
Proof:
(-3 + 5 = 2)
-3+5=2. D is the answer

Your thrteater company sells tickets to their holiday showing off the nutcracker. Tickets cost $5 each. Tickets for adults cost $8 each. The total sales on opening night is $720. Write an equation to show the total sales as a combanation of kid tickets and adult tickets sold.

Answers

Answer:

5x + 8y = 720

Step-by-step explanation:

Let the :

Number of kid tickets sold = x

Number of adult tickets sold = y

Hence:

Tickets for kids cost $5 each.

Tickets for adults cost $8 each.

The total sales on opening night is $720.

The equation to show the total sales as a combanation of kid tickets and adult tickets sold is:

$5 × x + $8 × y = $720

5x + 8y = 720

Therefore, the equation to show the total sales as a combanation of kid tickets and adult tickets sold is

5x + 8y = 720

BRAINLIEST! URGENT! Please help me with this problem, also if you dont know the answer and just typed in some random stuff, it will be reported...dont steal points.​

Answers

Answer:

The answer is C, -2/3

Step-by-step explanation:

The answer is C) -2/3

I WILL GIVE BRAINLIEST TO RIGHT ANSWER
write an equation of the line in a slope intercept form has a slope of -1/2 and passes through the point (2, 3)

Answers

Answer:

        y = -¹/₂ x + 4

Step-by-step explanation:

The point-slope form of the equation is y - y₀ = m(x - x₀), where (x₀, y₀) is any point the line passes through and m is the slope:

m = -¹/₂

(2, 3)    ⇒   x₀ = 2,  y₀ = 3

The point-slope form of the equation:

y - 3 = -¹/₂ (x - 2)

So:

y - 3 = -¹/₂ x + 1         {add 3 to both sides}

y = -¹/₂ x + 4            ←  the slope-intercept form of the equation

A rectangle has an area of 36 square centimeters. The width of the rectangle is 4 centimeters.
What is the length of the rectangle?

Answers

A=lw
A/w=l
36/4=l
9=l
The length of the rectangle is 9cm

10.
Can someone help me solve this?​

Answers

Answer:

D. 12

Step-by-step explanation:

you put the x coordinate in place of c and that cancels it out so the answer is 12

100 points! I will mark brainliest! Only answer if you know it please. Random answer will be reported because I’m looking for the REAL answer:)

Answers

Answer:

2 and -1/2

Step-by-step explanation:

perpendicular lines have slopes that have opposite signs and are reciprocals

Pretty sure that is right (2 & -1/2)
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