Joseph is a friend of yours. He has plenty of money but little financial sense. He received a gift of $12,000 for his recent graduation and is looking for a bank in which to deposit the funds. Partners' Savings Bank offers an account with an annual interest rate of 3% compounded semiannually, while Selwyn's offers an account with a 2.75% annual interest rate compounded continuously. Calculate the value of the two accounts at the end of one year, and recommend to Joseph which account he should choose.

Answers

Answer 1

Answer:

The value for partners savings bank at the end of 1 year is $12,362.70. The value for Selwyn's at the end of 1 year is $12,334.58. The future value obtained by investing in Partners Saving Bank is more as compared to Selwyn’s Saving Bank. Hence Joseph is recommended to choose Partners Saving Bank.

Step-by-step explanation:

Answer 2

The value of the interest rate and the compounding applied, gives the

value in the account after one year.

The value of the account with Partner's Bank after one year is approximately $12,362.7, which is higher than the value in the Selwyn's account.The value in Selwyn's which after one year is $12,344.58.Joseph should choose the Partner's Bank account

Reasons:

The amount Joseph receives as gift, A₀ = $12,000

Amount interest from Partner's Savings Bank, r = 3% compounded semiannually

Interest rate offered by Selwyn's, r = 2.75% compounded continuously

Required:

The value of the two account at the end of one year.

Solution:

[tex]A_t = A_0 \cdot \left(1 + \dfrac{r}{2} \right)^{2 \times t}[/tex]

The amount at the end of one year (t = 1) in Partner's Savings Bank is therefore;

[tex]A_t = 12,000 \times \left(1 + \dfrac{0.03}{2} \right)^{2 \times 1} = 12,362.7[/tex]

The value in the Partner's Savings Bank after one year, A(t) ≈ $12,362.7

The value of an account at Selwyn's is therefore;

The interest rate compounded continuously is presented as follows;

[tex]A(t) = \mathbf{A_0 \cdot e^{r \cdot t}}[/tex]

A₀ = The original amount invested = $12,000

Which gives;

[tex]A(t) = 12,000 \times e^{0.0275 \times 1} \approx \mathbf{12,334.58}[/tex]

The value of the account at Selwyn's after one year, A(1) ≈ $12334.58

Therefore, the account Joseph should choose is the Partner's Savings Bank  that gives a higher value in the account after one year.

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Related Questions

Move point C and observe how the

angle measures change.

When AC changes,

m_ABC and mŁADC

vand are

to each other.

Answers

Answer:

[tex]\angle ABC[/tex] and [tex]\angle ADC[/tex] will change

[tex]\angle ABC[/tex] equal [tex]\angle ADC[/tex]

Step-by-step explanation:

Given

See attachment for complete question

Required

What happens when AC changes

(a) [tex]\angle ABC[/tex] and [tex]\angle ADC[/tex] are formed from points A and C. So, a change in AC will result to a change in the measures of [tex]\angle ABC[/tex] and [tex]\angle ADC[/tex].

(b) [tex]\angle ABC[/tex] and [tex]\angle ADC[/tex] are in the same segment, meaning that they will always have the same measure

Does the point (0, 1) satisfy the equation y = 4x?
yes or no?

Answers

Answer:

No.

Step-by-step explanation:

Here i put it in a graph for you to see.

U is the set of integers. G is the set of negative integers. What is the complement of set G in universive U?
Pls help fast

Answers

Answer:

Wouldn't the answer be C) Positive Integers?

Step-by-step explanation: Because the complement of a set include all of the elements not included in the indicated set. I hope I'm making some sense. :)

Find the radius of the circle.

6(x – 3)2 + 6(y + 7)2 = 216​

Answers

Answer:

radius=6

Step-by-step explanation:

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Answers

Answer:

x = 107

Step-by-step explanation:

44+29+107=180

a triangle equals 180 with all the degrees added together :)

What is the sample space for choosing a letter of the alphabet that is a vowel?

Answers

Answer:

The letter is choose from set of vowels i.e. {a, e , i , o, u}.

Step-by-step explanation:

Question 6(Multiple Choice Worth 5 points) (02.02 LC) How can 33/9 be expressed as a decimal? 0 23 0 36 0 43 be 40​

Answers

Answer:

3.666667

Step-by-step explanation:

You can do long division, or you can use a calculator.

When solving the equation x/5 - 12 = 10, what is your last step?

A. Multiply by 5 on each side.
B. Add 12 to each side.
C. Divide by 5 on each side.
D. Subtract 12 from each side.

+10 points!

Answers

Answer:

c

Step-by-step explanation:

Which equation matches the table?

X 4 5 6 7 8
Y 8 10 12 14 16


y = x - 4
y = x ÷ 2
y = x + 4
y = 2 x

Answers

Answer:

y=2x

Step-by-step explanation

Yoko received a $90 gift card for a coffee store. She used it in buying some coffee that cost $8.23 per pound. After buying the coffee, she had $40.62 left on her card. How many pounds of coffee did she buy?

Answers

Answer: 6

Step-by-step explanation:

Step 1: Set up equation:

90=40.62+8.23p

^ the 'p' represents pounds.

Step 2: Subtract 40.62 from both sides

49.38 = 8.23p

Step 3: Divide both sides by 8.23 (We do this to get the variable "p" by itself)

6=p

Trust Milky. Milky Smart

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What's Eri's teddys name?

Answers

Answer:

Werid I don’t know

Step-by-step explanation:

The fastest clapper in the world can clap 720 times in 60 seconds. What is the unit rate? *

Answers

Answer: 12 claps per second

Step-by-step explanation: divide both by 60 and yield 12 times -1 second

HELP ASAP PLEASE!!!!

Answers

Answer:

q=(1,5) t=(-2,3)r=(3,-1)s=(0,0)

Step-by-step explanation:

I need some help with this, just like Rocky, ASAP!

Answers

Answer:

12 possible roots

Step-by-step explanation:

we can use the rational zeros theorem which says that in order to find the possible roots for a polynomial we need to divide the factors of the constant by the factors of the coefficient of the leading term

which in this case is:

±(1, 2, 3, 4, 6, 12)/(1)

±1, 2, 3, 4, 6, 12

so we have 12 possible roots

Select the correct answer.
What is the domain of the function shown on the graph?


A. -∞ < x < ∞

B. x ≤ 2

C. x ≤ 1

D. -10 < x < 2

Answers

C is that right answer

Option B is correct, x ≤ 2  is the domain of the function shown on the graph.

What is a function?

A relation is a function if it has only One y-value for each x-value.

We have to find the domain of the given graph.

Graph is a mathematical representation of a network and it describes the relationship between lines and points.

The domain refers to the set of possible input values, the domain of a graph consists of all the input values shown on the x-axis.

The graph has x values less than or equal to two.

x ≤ 2 is the domain of the given function.

Hence, option B is correct, x ≤ 2  is the domain of the function shown on the graph.

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The base angles of an
isosceles triangle
Measure (2x+40)° and
(5x+16)". find x and the
Measure of both angles.

Answers

Answer:

71

93.5

x=15.5

Step-by-step explanation:

(2x+40)+(5x+16)+(x)=180

you have to put all the measures together and equal it to 180. when it comes to triangles, all the angles added together are equal to 180.

now solve the equation and you should get this:

x=15.5

the next step is to solve the give equations separately:

2(15.5)+40=71

5(15.5)+16=93.5

(15.5)=15.5

now to check the work, you have to add all the measures that were just calculated:

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The Spirit Team will be selling popcorn as a fundraiser at the next basketball game to earn funds to go to Orlando for a competition. If they need the volume of the popcorn container to be under 220 cubic inches per serving, select all of the following dimensions of a cylinder they could use.




3 inch radius and 4 inch height


4 inch radius and 4 inch height


9 inch radius and 9 inch height


4 inch diameter and 9 inch height


6 inch diameter and 9 inch height


9 inch diameter and 4 inch height

Answers

Answer:A and b

Step-by-step explanation:

The dimensions of cylinders that have a volume under 220 cubic inches per serving are:

3-inch radius and 4-inch height
4-inch diameter and 4-inch height
4-inch diameter and 9-inch height

What is volume?

Volume is defined as the mass of the object per unit density while for geometry it is calculated as profile area multiplied by the length at which that profile is extruded.

Here,
We can use the formula V = πr²h to find the volume of each cylinder.

For a cylinder with a 3-inch radius and 4-inch height:

V = π(3)²(4) ≈ 113.1 cubic inches

For a cylinder with a 4-inch radius and 4-inch height:

V = π(4)²(4) ≈ 200.96 cubic inches

For a cylinder with a 9-inch radius and 9-inch height:

V = π(9)²(9) ≈ 2289.0 cubic inches

For a cylinder with a 4-inch diameter and 9-inch height (radius is 2 inches):

V = π(2)²(9) ≈ 113.04 cubic inches

For a cylinder with a 6-inch diameter and 9-inch height (radius is 3 inches):

V = π(3)²(9) ≈ 254.5 cubic inches

For a cylinder with a 9-inch diameter and 4-inch height (radius is 4.5 inches):

V = π(4.5)²(4) ≈ 254.5 cubic inches

Therefore, the dimensions of cylinders that have a volume under 220 cubic inches per serving are:

3-inch radius and 4-inch height
4-inch diameter and 4-inch height
4-inch diameter and 9-inch height

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someone help me please like right now lol of and don’t put any links pls!

Answers

Answer:

8 shirts

Step-by-step explanation:

Help Me Please Quick Will Mark Brainliest if correct : - )

Answers

Answer:

y=2x+3

Step-by-step explanation:

Lets verify

[tex]\\ \sf\longmapsto -1=2(-2)+3=-4+3=-1[/tex]

[tex]\\ \sf\longmapsto 1=2(-1)+3=-2+4=1[/tex]

Hence verified

Answer:

C): y = 2x + 3

Step-by-step explanation:

• when x is -2:

[tex]{ \tt{y = 2(- 2) + 3}} \\ { \tt{y = - 1}}[/tex]

• when x is -1:

[tex]{ \tt{y = 2( - 1) + 3}} \\ { \tt{y = 1}}[/tex]

• since y holds for -2 and -1, it'll hold for other positive integers.

DELL 5+5
what's a girl Raymond ​

Answers

Ray? What are u asking me right now.

Help please I’m a little confused

Answers

Answer:

answer is a . x²-8x+16=32

x²-8x=32-16

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Answers

Answer:

x=30

HOPE THIS HELPS

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Step-by-step explanation:

60=2x

/2   /2

30=x


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Answers

Answer: C!!!!!!!

Step-by-step explanation:

Decomposers ( however you spell it ) are things that eat and uhh remove the waste and let other decompopers eat they waste

-0.5f - 5 < -1

help please asap!! ​

Answers

Step-by-step explanation:

-.5f -5 < -1

-.5f < 4

f > -8

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how many different four-digit ID tags can be made if repeats are allowed​

Answers

Answer:

4!

Explanation:

4! = 4×3×2×1 = 24

here's an example:

123412431324134214231432213421432314234124132431312431423214324134123421412341324213423143124321

2) Check to see if x = 2 is the solution to this equation Explain your
reasoning with words and work. Be clear and completel
- 4x - 12 = 2x -8

Answers

x=2 is not the answer because when substituting 2 for x in both problems the answers are different.
-4(2)-12=-20
2(2)-8=-4
-20 does nothing equal to -4 which means x=2 is invalid

A student has a rectangular photograph with side lengths of 5 inches and x inches The area of the rectangle is 33 square inches. The student wants to reduce the size of the photograph so that each side length is of its original length. The photograph will be printed on paper that costs $0.16 per square inch. What will be the cost of the paper needed to print the reduced photograph?​

Answers

Answer:

1.32

Step-by-step explanation:

total area = 33

33/5 1/2 = 6 .         X=6

5 1/2 x 1/2 = 2.75 .       6 x 1/2 = 3

2.75 x 3 = 8.25

new area = 8.25

8.25 x .13 = 1.32

5 x 100 = ? for easy points

Answers

Answer:

500! Just multiply 5 x 1 then add the remaining 2 zeros :)

Step-by-step explanation:

Thank you!

Answer:

[tex]\huge\boxed{\boxed{\underline{\textsf{\textbf{Answer}}}}}[/tex]

[tex]5 \times 100 \\ = 500[/tex]

꧁❣ ʀᴀɪɴʙᴏᴡˢᵃˡᵗ2²2² ࿐

How many years would it take for
£109.27 to be accrued after
£100 is invested with 3%
pa compound interest.
Years:

Answers

Answer:

3 years approx

Step-by-step explanation:

Given data

Principal=£100

Amount= £109.27

Rate= 3%

The expression for the compound interest is

A=P(1+r)^t

Make t subject of formula we have

t= ln(A/P) / r

t= ln(109.27/100)/ 3

t= ln(1.0927)/0.03

t= 0.088/0.03

t= 2.93

Hence the time is 3 years approx

Can anyone help me with this? Please and thank you!

Answers

Answer:

x=-6, y=-7

Step-by-step explanation:

Answer:

x = -6, y = -7

Step-by-step explanation:

One way to solve for x and y is using the substitution method

(1) 3x + 4y = -46

(2) 6x + y = -43

Solve for y in equation (2)

6x + y =-43, so y = -43 - 6x

Substitute y = -43 -6x into equation (1)

3x + 4(-43 -6x) = -46

3x -172 -24x = -46

-21x -172 = -46

-21x = 126

x = -6

Find y by substituting x = -6 into equation (2)

6(-6) + y = -43

-36 + y = -43

y = -7

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