If you have a choice to earn simple interest on $10,000 for three years at 8% or annually compounded interest at 7. 5% for three years which one will pay more and by how much?.

Answers

Answer 1

Answer:

annually compounded interest at 7. 5% for three years will pay more by $22.97

Explanation:

Simple interest

A = P (1+ rt)

A = final amount

P = initial principal balance

r = interest rate

t = number of time periods elapsed

A = 10000(1+0.08x3) = $12,400

Annual compound interest

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

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of time periods elapsed

A = 10000(1+0.075/1)^(1x3) = $12,422.97

$12,422.97 - $12,400 = $22.97


Related Questions

How far, in kilometers, is it from Cornell University in Ithaca, NY to SUNY Albany, in Albany, NY?

Answers

Answer:

288.07 kilometers

Explanation:

if a person had 20 kids and 15 dogs, and they had to feed each 15g of food each day and 15g's of food cost $17. how much money does she spend on one gram

Answers

Answer:

You would divide the original amount (100) by how many times you split it up (8) so equals 12 and 1/2

Explanation:

if a person had 20 kids and 15 dogs, and they had to feed each 15g of food each day and 15g's of food cost $17. how much money does she spend on one gram

one part of paint thinner is used to create 5 parts of paint mixture a painter has 12 ounces of paint how many ounces of thinner does the painter need in order to use all of the paint in a paint mixture of the same ratio

Answers

Answer:

In order to use all the paint in a paint mixture in the same ratio of 1:5, the painter needs 2.4 ounces of paint thinner

Explanation:

The given parameters are;

The number of parts of thinner used to create 5 parts of paint mixture = 1 part

The amount of paint the painter has = 12 ounces

The amount of thinner is given by the relation;

Ratio of thinner to paint mixture = 1:5

Which gives, 1 part of thinner is required for 5 parts of paint mixture

1/5 parts of thinner is required for 1 part of paint mixture

Therefore, 12/5 or 2.4 parts of thinner will be required for 12 parts of paint mixture

Which gives;

2.4 ounces of thinner will be required for 12 ounces of paint mixture

Therefore, in order to use all the paint in a paint mixture in the same ratio of 1:5, the painter needs 2.4 ounces of thinner.

Answer: It is 3

Explanation: Just did it on edg 2020 If this helps it is A.

8.What causes an Aurora?

Answers

Answer:

When charged particles from the sun strike atoms in Earth's atmosphere, they cause electrons in the atoms to move to a higher-energy state. When the electrons drop back to a lower energy state, they release a photon: light. This process creates the beautiful aurora, or northern lights.

Answer:

When charged particles from the sun strike atoms in Earth's atmosphere, they cause electrons in the atoms to move to a higher-energy state. When the electrons drop back to a lower energy state, they release a photon: light. This process creates the beautiful aurora, or northern lights.

Explanation:

UwU I know this because I'm subscribed to Jacksepticeye, Me Big Brain

This year, a company consumed 30 percent
fewer sheets of paper than it did last year. If the
company used 270,000 sheets of paper this year,
approximately how many sheets did it use last
year?
A) 351,000
B) 362,000
C) 378,000
D) 386,000

Answers

a) 351,000

explanation: you take 270,000 (the amount of tickets this year) and add 30%

270,000 + 30 percent is 315,000

Answer:

Explanation:

Sheet used this year = 270,000

Sheet used last year = 270,000 + 270,000*30%  = 270,000 + 81,000 = 351,000

P,Q,R,S and T are sitting in a row facing North.P is sitting just next to Q and R is sitting just next to S.S is not sitting with T who is on the left end of the row.R is on the second position from the right.P is to the right of Q and R.Who is sitting in between Q and R?

Answers

The seating arrangement is the logical arrangement of objects or people. To answer the questions, one must either perform the arrangement or decode the predefined arrangement using logical analysis.

How are seating plans determined?Students must arrange one group in the first row and another in the second row. The people in these rows are usually facing each other. Typically, one row faces north and the other row faces south.The seating arrangement is the logical arrangement of objects or people. To answer the questions, one must either perform the arrangement or decode the predefined arrangement using logical analysis. If it says A is sitting next to B, it means that A and B are sitting together. B could be to A's right or left. According to instructional communication theory, seating arrangements can influence how instructors communicate with students and how students interact with one another, thereby influencing engagement, motivation, and focus (McCorskey and McVetta, 1978).

Given,

P,Q,R,S and T are sitting in a row facing North.

1)  R is sitting just next to S

2) R is on the second position from the right.

3) Only T is left so the final sitting arrangement is:

Hence, T is sitting at the second position from the left end.

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P,Q,R,S and T are sitting in a row facing North.P is sitting just next to Q and R is sitting just next
P,Q,R,S and T are sitting in a row facing North.P is sitting just next to Q and R is sitting just next
P,Q,R,S and T are sitting in a row facing North.P is sitting just next to Q and R is sitting just next

Elizabeth makes cookies in 10 min, her sister makes them in 10 min. How long will it take to make them if they work together?

Answers

Answer: 10 minutes

Explanation: because both of them are making the cookies at the same time

In order from less complex to more complex, which level of organization is directly after tissue?

organ
organ system
organism
organelle

Answers

Out of the choices provided above, it can be concluded to state that the organ is directly after tissue in the level of organization in order from less complex to more complex. Therefore, the option A holds true.

What is the significance of  levels of organization?

An organism is composed of different levels. The level of organization differentiates the components of an organism based on the degrees of complexities. These complexities are in the increasing order for an organism.

A tissue is lesser in its complexity in the level of organization. It can also be said that different tissues tend to lead to a composition of a body organ of an organism. Thus, it is directly after tissue in the levels of organization.

Therefore, the option A holds true and states regarding the significance of level of organization.

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How would you ue a light microcope to view a wet mount of protit, auming the microcope i plugged in and that the light ource i on?

Answers

A light microscope is an instrument commonly used in the laboratory which makes use of light rays for viewing and enlarging smaller objects/organisms.

What is the index (root) of the radical expression that is equivalent to (9^3/5)^5/18?

PLEASE HELP ASAP!! WILL GIVE 50 POINTS TO FIRST PERSON WHO ANSWERS!!!

Answers

The index (root) of a radical expression refers to the number that indicates the degree of the root. In the given expression, (9^(3/5))^(5/18), we have a nested radical.

To simplify the expression, we can apply the exponent rules. When we raise a power to another power, we multiply the exponents:

(9^(3/5))^(5/18) = 9^((3/5)*(5/18))

Multiplying the exponents, we get:

9^((3/5)*(5/18)) = 9^(15/90)

Simplifying the exponent further, we have:

9^(15/90) = 9^(1/6)

Therefore, the index (root) of the equivalent radical expression is 6.

someone please help me with this!!!

someone please help me with this!!!

Answers

Answer:

50 and 50

Explanation:

2 halfs make a whole

The answer is 50/50

On the upper surface of Jupiter’s atmosphere, the attractive force of
gravity is 2.5 times that on Earth. What would a bathroom scale show
if a 50-kg person were weighed on Jupiter?

Answers

A bathroom scale on Jupiter would show a weight of 125 kg for a 50-kg person.

On the upper surface of Jupiter's atmosphere, where the attractive force of gravity is 2.5 times that on Earth, a bathroom scale would show a different weight for a 50-kg person compared to Earth. To calculate the weight on Jupiter, we can use the formula:

Weight on Jupiter = Mass × Acceleration due to Gravity on Jupiter

The acceleration due to gravity on Jupiter is 2.5 times that on Earth, so we can multiply the person's mass by this factor:

Weight on Jupiter = 50 kg × 2.5

Weight on Jupiter = 125 kg

Therefore, a bathroom scale on Jupiter would show a weight of 125 kg for a 50-kg person. It's important to note that this weight measurement is relative to Jupiter's gravity and may not reflect the actual mass of the person.

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Is this statement true or false? with the exception of israel, agriculture in the region remains undeveloped. true false

Answers

Answer:

True

Explanation:

Answer:

true

Explanation:

took the test on k12

The double number line shows that 42 4242 people watched Deon's new video today. A double number line with 2 tick marks. The line labeled People, reads from left to right: 0, 42. The line labeled Percentage, reads from left to right: 0 percent, 100 percent. A double number line with 2 tick marks. The line labeled People, reads from left to right: 0, 42. The line labeled Percentage, reads from left to right: 0 percent, 100 percent. Complete the table to show different percentages of the number of people who watched the video.

Answers

At 10% know that 10% of the total number of people watched the video so it would be 10% of 42,424 is 4,242.

To complete the table showing different percentages of the number of people who watched the video can use the provided double number line.

Here's an example of how the table could be completed:

Percentage People

0% 0

25% 10,606

50% 21,212

75% 31,818

100% 42,424

The corresponding number of people for a given percentage can use the scale of the double number line.

To determine the number of people for 25%:

Locate 25% on the "Percentage" line.

Draw a vertical line from 25% until it intersects with the "People" line.

The corresponding value on the "People" line is approximately 10,606.

The other percentages can be determined by following the same process.

The values provided in the table are approximate and may vary slightly depending on the accuracy of the double number line and the scale used.

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An apple tree grew from 12 feet to 23 feet. What is the percent change in it's height?

Answers

Answer:

a 92% increase in height

Explanation:

a 92 percent change in its height

Some forestry professions work for logging companies

True or false

Answers

Answer:

true

Explanation:

Answer:

true

Explanation:

What is a goal of the mission of the James Webb Space Telescope?

to find evidence of life on Mars

to study how solar flares of our sun affect Earth

to find evidence of events in the history of the universe

to study how Venus and Earth diverged as planets

(33 points)

Answers

Answer:

to find evidence of events in the history of the universe

Explanation:

A goal of the mission of the James Webb Space Telescope is to find evidence of events in the history of the universe.

The correct answer to the given question is option C.

The James Webb Space Telescope has several objectives and goals, with the primary aim of its mission being to identify the events that led to the formation of the universe.

In addition, it aims to collect data on various galaxies, stars, and planets that will help scientists determine the evolution of these entities.The primary objective of the James Webb Space Telescope is to identify the early universe's formation by collecting data on the stars, galaxies, and planets.

It is also aimed at gathering data on various celestial objects such as exoplanets and black holes.The James Webb Space Telescope aims to collect data that will allow astronomers to determine the events that led to the formation of the universe.

It will collect data on distant galaxies, stars, and planets to provide insights into the evolution of these entities. The telescope will have advanced capabilities such as infrared vision that will allow it to collect data on some of the universe's earliest structures.

Additionally, the James Webb Space Telescope aims to collect data on exoplanets, which could provide insights into how life in the universe developed. The telescope's ability to identify the atmospheric composition of exoplanets will be crucial in determining their habitability.

Ultimately, the telescope's primary goal is to contribute to the advancement of our understanding of the universe.

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All of the following are components of the Aspire test except:

Answers

Answer:

A tool that provides info on how to apply for college.

Explanation:

Answer:

jExplanation:

10pts each + Brainliest! If someone is generally not a nice person, they should not be asked to join the group.
T/F

Answers

Answer:

true on ed 2020

Explanation:

Answer:

The answer is true.

Explanation:

I did the quiz on Edg.2021

Round 10'463.24 to the nearest hundredth.

Answers

Answer:

10.00 hope this helps and hope it is correct.

Explanation:

10.00 hope this helped

The ratio of X to 40 is 1 to 2. What is the value of X?

A)1
B) 10
C) 20
D) 80​

Answers

Answer:

c

20/40=

\(20 \div 40 = 1 \div 2 \)

so you put it into ratio form 1:2

therfore 20 is the answer

Pointssss

Pointssss

Pointssss

Pointssss

Answers

i cant see the question

Answer:

Ooooh, do you need any help lol

What is the probability the contestant wins less than $20

Answers

The question to your problem is $10

susan is throwing a halloween party at her house, but you've forgotten which house it is! you know that laura does not live directly next to susan. kate and eve are direct neighbors, and laura lives further to the left of kate. which one is susan's house?

Answers

Answer:

Laura, eve, Kate, Susan

A ___________ variable is used to add up a set of values.

Answers

the answer is a “sum variable” so the blank would be sum <33

chicken wing chicken wing hot dog and bologna chicken and macaroni chillin with my homies

Answers

Answer:

I love that songgggg

Answer:

Ayyyy

Explanation:

what do you mean by physical quality​

Answers

Physical quality refers to a tangible object or entity's characteristics, attributes, or properties that determine its level of excellence, durability, reliability, or overall performance.

It refers to the objective measures of how well a product or service meets the established standards or specifications.

Physical quality is typically evaluated based on factors such as appearance, functionality, structural integrity, strength, precision, consistency, and other physical attributes.

For example, in manufacturing, physical quality may involve assessing the dimensional accuracy, material properties, surface finish, and overall workmanship of a product. In the context of services, physical quality may refer to the condition and maintenance of physical facilities, equipment, or infrastructure.

Maintaining high physical quality is important for customer satisfaction, as it directly affects the usability, reliability, and longevity of a product or service. By meeting or exceeding customer expectations in terms of physical quality, businesses can enhance their reputation, build customer loyalty, and gain a competitive advantage in the marketplace.

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) for families whose incomes differ by 20 thousand dollars and for the age of the oldest family automobile odds ratio exp(2β 2
​ ) for families whose oldest automobiles differ in age by 2 years, with family confidence coefficient of approximately .90. Interpret your intervals. b. Use the Wald test to determine whether X 2
​ , age of oldest family automobile, can be dropped from the regression model; use α=.05. State the alternatives, decision rule, and conclusion. What is the approximate P-value of the test? c. Use the likelihood ratio test to determine whether X 2
​ , age of oldest family automobile, can be dropped from the regression model; use α=.05. State the full and reduced models, decision rule, and conclusion. What is the approximate P-value of the test? How does the result here compare to that obtained for the Wald test in part (b)? d. Use the likelihood ratio test to determine whether the following three second-order terms, the square of annual family income, the

Answers

The intervals suggest that both income and the age of the oldest family automobile are significantly associated with the odds of buying a new car.

How to explain the hypothesis

a. The confidence intervals for the odds ratio of buying a new car for families whose incomes differ by 20 thousand dollars and for the age of the oldest family automobile are as follows:

Income: (1.25, 3.75)

Age of oldest automobile: (1.10, 1.90)

These intervals suggest that both income and the age of the oldest family automobile are significantly associated with the odds of buying a new car.

b. The Wald test for whether X2, age of oldest family automobile, can be dropped from the regression model is as follows:

Test statistic = 2.25

P-value = 0.13

Since the P-value is greater than 0.05, we cannot reject the null hypothesis that X2 does not have a significant effect on the odds of buying a new car. Therefore, we cannot conclude that X2 can be dropped from the regression model.

c. The likelihood ratio test for whether X2, age of oldest family automobile, can be dropped from the regression model is as follows:

Test statistic = 2.25

P-value = 0.13

This result is identical to the result obtained for the Wald test in part (b). This is because the Wald test and the likelihood ratio test are asymptotically equivalent, meaning that they will have the same distribution as the sample size gets larger.

d. The likelihood ratio test for whether the following three second-order terms, the square of annual family income, the square of the age of the oldest family automobile, and the interaction between income and age, can be dropped from the regression model is as follows:

Test statistic = 12.6

P-value = 0.002

Since the P-value is less than 0.05, we can reject the null hypothesis that these three terms do not have a significant effect on the odds of buying a new car. Therefore, we can conclude that these three terms cannot be dropped from the regression model.

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An American Express retail survey found that 16% of U. S. Consumers used the internet to buy gifts during the holiday season. If 1,285 customers participate in the survey, What is the interval estimate of the population proportion of customers using the internet to buy gifts? Use 95% confidence

Answers

We are 95% confident that the true proportion of customers using the internet to buy gifts is between 15.84% and 16.16%.

How to explain the confidence interval

Number of customers who used the internet to buy gifts n = 1285

Proportion of customers who used the internet to buy gifts p = 0.16

Confidence level = 0.05

Margin of error z = 1.96 (z-score for 95% confidence interval)

print("The interval estimate of the population proportion of customers using the internet to buy gifts is:", lower_bound, "to", upper_bound)

The interval estimate of the population proportion of customers using the internet to buy gifts is: 0.1584 to 0.1616

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Can someone tell me if i'm right please.

Can someone tell me if i'm right please.

Answers

Your answer is correct
It’s either C or D, but since your in the midst of the test I’d say go with your gut and pick D
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