You are given a choice of taking the simple interest on $100,000invested for 5 years at a rate of 3​% or the interest on $100,000 invested for 5 years at an interest rate of 3​% compounded quarterly.   Which investment earns the greater amount of​ interest? Give the difference between the amounts of interest earned by the two investments.   The investment with _______ interest earns $____ more in interest.

Q: Edgar accumulated $4,000 in credit card debt. If the interest rate is 20% per year, and he does not…

A:

Q: Solve the problem. When needed, use 365 days per year and 30 days per month. An initial investment…

A:

Q: |0. Sergio's investment of $4,000 earns 2% interest compounded annually. What will be the value of…

A:

Q: An engincering student borrows $4000 to pay tuition for his senior year. Payments are to be an l…

A: All parts are solved in 2nd step.

Q: Daphne borrows $2500 from a financial institution that charges 6% annual interest, compounded…

A: A = P (1 + r/n) (nt) P = 2500.r = 6/100 = 0.06n = 12.t = 2.

Q: dgar accumulated $4,000 in credit card debt. If the interest rate is 30% per year, and he does not…

A: Here we have, Edgar, accumulated $4,000 in credit card debt. P=$4,000 Rate of interest r=30% Time…

Q: The principal represents an amount of money deposited in a savings account subject to compound…

A: Given that,

Q: the same account (an

A:

Q: You have $5,000 in your savings account that pays 4% interest. How much will you have in your…

A: Since you have posted multiple questions, as per our policy we will answer first question. Please…

Q: Which of the following will yield a higher interest? a. Investing in a bank that offers a simple…

A: Note: Since you have asked multiple question, we will solve the first question for you. If youwant…

Q: Edgar accumulated $6,000 in credit card debt. If the interest rate is 20% per year, and he does not…

A: We will solve the following.

Q: you set up an investment account with an initial deposit of $6500, which earns 7.25% annual…

A: We have to find the required time to make an initial deposit of $6500 worth of $40000.

Q: 10. Harpreet receives a financial gift from her grandparents, which she invests at an interest rate…

A: Let the worth of the investment be P therefore,  use the formula A=P1+rnnt where A is the amount…

Q: Use the compound interest formula to complete this problem. If you invest $9000 in an account that…

A: The principal amount is given as P=$9000. The rate of interest is r=4%=0.04. The time is t=23 years.…

Q: How do I find the problem of this sentence? A passbook savings account has a rate of 7% Find the…

A: It is known that there are 4 quarters in a year.That is, n = 4.Interest rate is, r = 6% =0.06.

Q: Use the compound interest formula to complete this problem. If you invest $1800 in an account that…

A:

Q: Edgar accumulated $5,000 in credit card debt. If the interest rate is 20% per year, and he does not…

A: topic - exponential function

Q: You invest $1000 in an account that pays 7.9% interest, compounded monthly. How much money is in the…

A: Given: Principal amount: P=$1000Interest rate:  r=7.9%Time period: t=3 years.

Q: Find the present value of an investment that earns 2% simple interest per year and is worth $10,000…

A: The formula that deals with simple interest is: A = P (1+rt ) where  A= final amount after t years…

Q: Brandon is depositing $1500 into a savings account that compounded interest monthly with an annual…

A: Given that, Brandon is depositing $1500 into a savings account compounded interest monthly with an…

Q: Use the compound interest formula to complete this problem. If you invest $3800 in an account that…

A:

Q: Finance. Suppose that $6,000 is invested at 5.2% annual interest rate, compounded monthly. How much…

A:

Q: You and a friend decide to deposit money in a savings account. You deposit $2,500 in an account that…

A: If the interest is compounded, then the formula that is used is A=P1+rnnt, where, A is the final…

Q: A mother invests $7000 in a bank account at the time of her daughter's birth. The interest is…

A: We know that  F = P(1+(i/n))nt P = principal F = Future Value i = Interest  n = Compounded per year…

Q: 43. Ms. Williams invested $9500 in an account that earned interest at an annual rate of 8%,…

A:

Q: A 529 Plan is a college-savings plan that allows relatives to invest money to pay for a child's…

A: The account to grow to $36,000 over 19 years.earn 2% compounded quartely

Q: Al needs to borrow $15,000 to buy a car. He can borrow the money at 6.7% simple interest for 5 years…

A: P=$15,000 a). r=6.7%, t=5 Now simple interest is, SI=P·t·r100=1500056.7100=$5,025 b). r=6.4%=0.064 ,…

Q: Edgar accumulated $7,000 in credit card debt. If the interest rate is 30% per year, and he does not…

A:

Q: Finding investment time If Juanita invests $1500 in a retirement account that earns 8% compounded…

A: To find the investment time.

Q: WHICH INVESTMENT? Jan Reus sold her home and has $18,000 to invest. She believes she can earn 8%…

A: givenP=$18000R=8%(a)n=3 yearsusing compound ineterest formula for compounded…

Q: Erik and Alexandra have a new grandson. How much money should they invest now so that he will have…

A: A = future amount P = initial amount r = rate t = time period

Q: You have $20,000 to invest and want the greatest yield from your investment after four years. You…

A:

Q: Amparo invested a certain amount at 10% simple interest per year. After 2 years, the interest she…

A:

Q: Find the final amount of money in an account if $1,400$ is deposited at 2%interest compounded…

A: Given,  $1,400 is deposited at 2% interest compounded quarterly and the money is left for 55 years.…

Q: Finance Suppose that $2,000 is invested at 4.6% annual interest rate, compounded monthly. How much…

A:

Q: Larry and Peggy are making decisions about their bank accounts. Larry wants to deposit $350 as a…

A: This question is based on Compound interest.

Q: Emily has saved $6,000 and wants to double her money in order to buy a new home. If she invests it…

A: Given P= $6000 r = 4.25% bimonthly

Q: Lisa deposits $20,000 into an account that pays simple interest at a rate of 2% per year. Scott…

A: Given that  Lisa deposited amount $20,000 that pays simple interest at a rate of 2% per year . P =…

Q: David posted $1500 in a savings account and an annual interest rate of 3% compound monthly. At the…

A: If P is the principal amount and the compound rate is r  (annually)then the monthly compounded…

Q: An elite private college receives large donations from successful alumni. The account that holds…

A: Disclaimer: Since you have posted a question with multiple sub-parts, we will solve first three…

Q: Richard borrowed $2,000 from Linda. The terms of the loan are as follows: The period of the loan is…

A:

Q: In the formula A(t) = P(1 +-) for compound interest, the letters P, r, n and t stand for principal…

A: A(t)=P1+rnnt A(t) is the Accumulated amount or the final amount including principal  Given P=3000,…

Q: Dianna received an amount of 67,000 as a gift from her parents during her 18th She would like to…

A:

Q: Edgar accumulated $6,000 in credit card debt. If the interest rate is 30% per year, and he does not…

A: P=6000 r=30%=0.3 t=3 years

Q: Sergio and Wendy have a new grandson. How much money should they invest now so that he will have…

A: Please see the answer in Step 2

Q: You are given a choice of taking the simple interest on 100,000 invested for 2 years t the rate of…

A: To compare the interests earned through the two different investments.

Q: A couple received a $122,000 inheritance the year they turned 48 and invested it in a fund that…

A: Consider the equation

Q: Nine  years  from  now,  Sam  wants  to  have  an  amount  available  to  deposit  into  an  account…

A: The given data for 10 years. r=6%=0.06R=$10,000n=10 years Now, calculate future value in 10 years by…

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.