Your grandmother has given you a gift of $1500 for your birthday. You are thinking about your future and
considering two different options on how to manage your money. Option A: You take all of your $1500 and
deposit it into a savings account that has a 5% interest rate per year. Option B: You spend $500 on a new
Apple Watch and deposit the remaining $1000 in a savings account that has a 5.5% interest rate per year.
.
Which account would have the most in 10 years? 20 years? Mathematically, explain your reasoning.
Which option would you choose and why?
.

Answers

Answer 1

Answer:

B

Step-by-step explanation:

if you put the rest of your money in a savings account you can use that money for your college fund or maybe buy a car ect.

Answer 2

Answer:

OPTION A yields the most money at 10 and 20 years. Hence Option A is the better choice for "thinking about your future"

Step-by-step explanation:

In the absence of any more information, I am going to assume that Simple Interest applies. (see attached)

hence the applicable formula is:

A = P(1+rt), where

A = final amount after t years

P = Principal (beginning) amount ($1500 for option A and $1000 for option B)

r = annual interest rate (5% = 0.05 for option A and 5.5% = 0.055 for option B)

t = time (we are asked to evaluate t = 10 years and t = 20 years)

For option A :

P = $1500 and r = 5% = 0.05

A = P(1+rt)

A = 1500 [ 1 + (0.05)t]

at 10 years: A = 1500 [ 1 + (0.05)(10)] = $2,250

at 20 years: A = 1500 [ 1 + (0.05)(20)] =$3,000

For option B :

P = $1000 and r = 5.5% = 0.055

A = P(1+rt)

A = 1000 [ 1 + (0.055)t]

at 10 years: A = 1000 [ 1 + (0.055)(10)] = $1,550

at 20 years: A = 1000 [ 1 + (0.055)(20)] = $2,100

Comparing all the 4 results above, we can see that OPTION A yields the most money at 10 and 20 years. Hence Option A is the better choice for long term returns.

Your Grandmother Has Given You A Gift Of $1500 For Your Birthday. You Are Thinking About Your Future

Related Questions

HELP FOLKS PLEASE ( i don't have much time)

Answers

Tan Angle y= 7/4
Tan Angle z= 4/7

Answer:

tan(Y) = 7/4

tan(Z) = 4/7

Step-by-step explanation:

Tangent ratios are the TOA of SOHCAHTOA.

tan( angle ) = opposite / adjacent

Please help me please

Answers

Answer:

B

Step-by-step explanation:

Carlos and Lily want to know the combined amount of money they made last week. They both made $12 per hour, but Carlos also made a $35 bonus. Carlos says the combined amount is 12C + 35 + 120 where Cis the number of hours he worked, and L is the number of hours Lily worked. Lily says the combined amount is 12(C+ L) + 35. Who is right? Explain.

Answers

Answer:

Lily is right

Step-by-step explanation:

Carlos made:

12C + 35

Lily made:

12L

Together they made:

12C + 35 + 12L = 12(C + L) + 35

Lily is right. We don't know what 120 means in Carlos's equation, he should put 12L for Lily.

-x+5+4x
simply the expression

Answers

Answer:

3x+5

Step-by-step explanation:

The value of a car decreases by 5% each year. Sophie bought a car two years ago for £10000. Work out the value now.

Answers

Given:

The value of car before two years = £10000

The value of the car decreases by 5% each year.

To find:

The present value of the car.

Solution:

The exponential decay model for present value is

[tex]y=a\left(1-\dfrac{r}{100}\right)^t[/tex]

Where, a is the initial value, r is the rate of decay and t is time in years.

Putting P=10000, r=5 and t 2, we get

[tex]y=10000\left(1-\dfrac{5}{100}\right)^2[/tex]

[tex]y=10000\left(1-0.05\right)^2[/tex]

[tex]y=10000\left(0.95\right)^2[/tex]

On further simplification, we get

[tex]y=10000(0.95)(0.95)[/tex]

[tex]y=9025[/tex]

Therefore, the present value of the car is £9025.

If 9x + 10=y what is y??

Answers

Answer:

above beat me to it he is right

yo does anyone know how to solve this

Answers

(-7, 0)

i promise im right

g(1)=0
g(n)=g(n-1)+n

g(2)=????

Answers

If g(1) = 0 and g(n) = g(n-1) + n, then g(2) = 2

The given relationship is:

g(1) = 0

g(n) = g(n-1) + n

g(2) = ?

Since g(1) is already known

g(2)  =   g(1)  +  2

Note that g(1) = 0

Substitute g(1) = 0 into g(2)  =   g(1)  +  2

g(2) = 0  +  2

g(2)  =  2

Therefore, if g(1) = 0 and g(n) = g(n-1) + n, then g(2) = 2

Learn more on sequence here: https://brainly.com/question/6561461

Tom has a 4-sided spinner and the table below shows the probabilities
that when the spinner is spun it will land on 1, 3 and on 4
Number
1
2
3
4
Probability
0.1
0.2
0.4
The spinner is spun once.
a) What is the probability that the spinner will land on 2?
Il
(1)
b) Which number is the spinner least likely to land on?
(1)
c) If Tom spins the spinner 80 times, work out an
estimate for the number of times the spinner will land on 3
(2)

Answers

Answer:

0.3

Step-by-step explanation:

it's the only one not there

Can some one please help me

Answers

Answer:

8:1

Step-by-step explanation:

Don reads 8 pages a minute. Therefore the amount of pages he could read is 8 and the amount of time it takes is a minute

8 m (cubic meters) = dm3 (cubic decimeters)

Answers

Answer: 8000 dm³

Step-by-step explanation:

1 m³= 1000 dm³

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

Given

8 m³= dm³

Solve

8 m³ × 1000 dm³/m³=8000 dm³

Hope this helps!! :)

Please let me know if you have any questions

Hello!! I have a question, can you please answer it. ^^


The school nurse is assembling first-aid kits for the teachers. She has 75 bandages and 90 throat lozenges.
All the kits must have the same number of each supply, and all supplies must be used.

a. What is the largest number of kits the nurse can make?

b. How many bandages and lozenges will be in each kit?

Answers

Answer:

1. 75

2. 1

Step-by-step explanation:

QRST is a parallelogram. Find x, y, and z.

Answers

Answer:

x=5.4

y= 9

z= 11

Step-by-step explanation:

5x= 27

x= 5.4

2y-5=y+4

y=9

3z = 33

z =11

Two students were shopping for school supplies. They need spirals which cost x dollars and pens which cost y dollars. One student bought 2 spirals and 3 pens for $8.66. Another student bought 4 spirals and 5 pens for $15.20. Find the unit cost of a spiral.

Answers

Answer:

x=1.15

y=2.12

Step-by-step explanation:

look at the picture ..........

if we vibe for 3 hrs and become freinds how long will we be freinds?

Answers

Answer:

it depends

Step-by-step explanation:

I could be very committed,

im 15 in july my name is mercedes. and im bi, I skate and taken

I need help with this

Answers

A and C is the correct answers

Can you simply these fractions?

Answers

4/20 = 1/5

9/24 = 3/8

18/30 = 3/5

9/12 = 3/4

9/21 = 3/7

5/45 = 1/9

20/25 = 4/5

10/12 = 5/6

6/9 = 2/3

4/40 = 1/10

Explanation:

Find the greatest common factor then divide the numerator and denominator by the greatest common factor

Hope This Helps :)

4/20 = 4÷4 / 20÷4 = 1/5

9/24 = 9÷3 / 24÷3 = 2/8

18/30 = 18÷6 / 30÷6 = 3/5

9/12 = 9÷3 / 12÷3 = 3/4

9/21 = 9÷3 / 21÷3 = 3/7

5/45 = 5÷5 / 45÷5 = 1/9

20/25 = 20÷5 / 25÷5 = 4/5

10/12 = 10÷2 / 12÷2 = 5/6

6/9 = 6÷3 / 9÷3 = 2/3

4/40 = 4÷4 / 40÷4 = 1/10


Hope this helps!

How is the formula to find the slope between any two points the same as rise/run?

Answers

Answer:

because as long as it's the same number, the equation is still the same as long as you have the same numbers and you're using the same subtraction/addition properly

Step-by-step explanation:

In ΔJKL, k = 4.1 cm, j = 3.8 cm and ∠J=63°. Find all possible values of ∠K, to the nearest 10th of a degree.

Answers

Given:

In ΔJKL, k = 4.1 cm, j = 3.8 cm and ∠J=63°.

To find:

The value of  ∠K to the nearest 10th of a degree.

Solution:

According to the Law of Sine:

[tex]\dfrac{a}{\sin A}=\dfrac{b}{\sin B}=\dfrac{c}{\sin C}[/tex]

We have, In ΔJKL, k = 4.1 cm, j = 3.8 cm and ∠J=63°.

Using the Law of Sine, we get

[tex]\dfrac{j}{\sin J}=\dfrac{k}{\sin K}[/tex]

[tex]\dfrac{3.8}{\sin (63^\circ)}=\dfrac{4.1}{\sin K}[/tex]

[tex]3.8\sin K=4.1\sin (63^\circ)[/tex]

[tex]\sin K=\dfrac{4.1\sin (63^\circ)}{3.8}[/tex]

[tex]\sin K=0.961349[/tex]

[tex]K=\sin^{-1}(0.961349)[/tex]

[tex]K=74.0182[/tex]

[tex]K\approx 74.0[/tex]

Therefore, the measure of angle K is 74.0 degrees.

Use the GCF (Greatest common factor) to factor the expression 3.02
+ 8x

Answers

Answer:

hi

Step-by-step explanation:

Jeremy received a Bill with a balance due of 25.60

Answers

Answer:

6.40$

Step-by-step explanation:

HOPE THIS HELPS

PLZZ MARK BRAINLEIST

help please i need you

Answers

Answer:-10hy-4h

Step-by-step explanation:

h*-10y and h*-4

Adult tickets to a basketball game cost $5. Student tickets cost $1. A total of $3,047
was collected on the sale of 1,291 tickets. How many of each type of ticket were sold?
The basketball game sold
adult tickets and
student tickets.

Answers

Answer:

The basketball game sold 439  adult tickets and  858 student tickets.

Step-by-step explanation:

A system of linear equations is a set of two or more equations of the first degree, in which two or more unknowns are related.

Solving a system of equations consists of finding the value of each unknown so that all the equations of the system are satisfied. That is, in the systems of equations, one must look for the values ​​of the unknowns, with which when replacing, they must give the solution proposed in both equations.

Adult tickets to a basketball game cost $5. Student tickets cost $1. A total of $3,047  was collected on the sale of 1,291 tickets.

With "x" the number of adult tickets sold and "y" the number of student tickets sold, you have the following system of equations:

[tex]\left \{ {{x+y=1291} \atop {5*x+1*y=3047}} \right.[/tex]

Through the substitution method, you must solve for one of the unknowns in one of the equations and substitute its value in the following one: in this case you solve for the variable y from the first equation:

y=1291 -x

and you replace in the second equation:

5*x + 1291 - x= 3047

Solving, you get:

5*x-x= 3047 - 1291

4*x= 1756

x= 1756÷4

x=439

Replacing this value in the expresion y=1291 -x you get:

y=1291 -439

y= 858

The basketball game sold 439  adult tickets and  858 student tickets.

Work out the value of 54
18 − 6

Answers

5418-6= 5412

Hope this helps

For a theater play, the school sold 120 blue tickets for students and 80 red tickets for adults. What percent of the tickets were sold to students?

Answers

Answer:

Step-by-step explanation:

120+80=200 the total number of tickets

120(student tickets) ÷ 200 (total tickets)= .6 =60%

Answer:

bin

Step-by-step explanation:

bghgghhshshsbabbsnajswjjegvrjrjrhrbrhrriritt

5x6+7493+89-81+7783=

Answers

5x+15293
There’s this app called Photomath and it helps with math:) have a great day

If the legs of a right triangle are x, (2x - 1) and its hypotenuse is (2x + 1), what is the value of x?​

Answers

Answer:

x=8

Step-by-step explanation:

(2x + 1)² = x² + (2x - 1)² = x² + (2x - 1)(2x - 1)

(2x + 1)(2x + 1) = x² + 4x²-2x-2x+1

4x²+2x+2x+1 = 5x²-4x+1

4x²+4x+1 = 5x²-4x+1

0= 5x²-4x²-4x-4x+1-1

0= x²-8x

x²-8x=0

x²=8x

x=8

x + 3 = 15
Solve the equation and check for the solution

Answers

Answer:

x=12

Step-by-step explanation:

move the 3 to the other side to get x by itself.

check: 12 + 3 = 15

Answer:

(Not sure)

x = 12

Step-by-step explanation:

x + 3 = 15

CLT

X = 15-3

× = 12

A construction crew is building a two story house, but they have not built the staircase between the floor yet. The height of the staircase is 12 feet, the base of the stairs will be 6 feet from the wall. How long does the temporary ramp need to be to the nearest tenth of a foot?

Answers

Answer:

13.4feet

Step-by-step explanation:

The set up forms a right triangle.

Given

Height of the staircase h = 12 feet

Base of the stairs b = 6feet

Required

Length of the ramp l

Using the pythagoras theorem

l² = h² + b²

l² = 12²+6²

l² = 144 + 36

l² = 180

l = √180

l = 13.42 feet

Hence the length of the ramp to the nearest tenth is 13.4feet

The markings on the number line are evenly spaced. Label the other markings on the number line.

Answers

Answer:

A= -75

B= -60

C= -45

D= -15

E= 15

F=30

Step-by-step explanation:

Each point is 15 away, so you just add or subtract 15 based off of if it's a negative or positive number on the number line.

Hope this helped!

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