HELP PLEASE Debra deposits $90,000 into an account that pays 2% interest per year, compounded annually. Dan deposits $90,000 into an account that also pays 2% per year. But it is simple interest. Find the interest Debra and Dan earn during each of the first three years. Then decide who earns more interest for each year. Assume there are no withdrawals and no additional deposits

Answers

Answer 1

Debra earns $1,872.72 in interest during the first three years.

Dan earns $1,800 in interest during each of the first three years.

How much interest do Debra and Dan earn?

Debra's Account:

Principal amount (P) = $90,000

Interest rate (R) = 2% = 0.02

Compounding period (n) = 1 (annually)

Time (t) = 1 year

Year 1:

Interest earned (I) = P * R = $90,000 * 0.02 = $1,800

Year 2:

Principal amount for the second year (P2) = P + I = $90,000 + $1,800 = $91,800

Interest earned (I2) = P2 * R = $91,800 * 0.02 = $1,836

Year 3:

Principal amount for the third year (P3) = P2 + I2 = $91,800 + $1,836 = $93,636

Interest earned (I3) = P3 * R = $93,636 * 0.02 = $1,872.72

Dan's Account:

Principal amount (P) = $90,000

Interest rate (R) = 2% = 0.02

Time (t) = 1 year

Year 1:

Interest earned (I) = P * R = $90,000 * 0.02 = $1,800

Year 2:

Interest earned (I2) = P * R = $90,000 * 0.02 = $1,800

Year 3:

Interest earned (I3) = P * R = $90,000 * 0.02 = $1,800.

Read more about interest

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Related Questions

find the value of z

Answers

Answer:

[tex] z = 12 \sqrt{5} [/tex]

Step-by-step explanation:

By geometric mean property:

[tex]y = \sqrt{24 \times 6} \\ \\ y = \sqrt{144} \\ \\ y = 12 [/tex]

By Pythagoras Theorem:

[tex] z = \sqrt{ {12}^{2} + {24}^{2} } \\ \\ z = \sqrt{144 + 576} \\ \\ z = \sqrt{720} \\ \\ z = 12 \sqrt{5} [/tex]

what this answer
954328- 864597

Answers

Answer:

Answer is 89,731

Step-by-step explanation:

I hope it's helpful!

Answer:

89731

Step-by-step explanation:

954328 - 864597

= 89731

Hope this helps :)

Let me know if there is any mistake!!

Can someone just please help me I beg you

Answers

Answer:

8 by 6986 = quotient  873 remainder 2

M= 800x8 =6400

N= 560/8=70

P= 26/8 =3

Q=3x8=24

R=26-24=2

I need brainliest so I can rank up

Step-by-step explanation:

yes good haware you good

Help plssssssssssssss?

Answers

Answer:

2

Step-by-step explanation:

because when x, the input, is -3, the y, the output, is 3

Perform the indicated row operation:

2 −1 −4 7
−1 2 1 −1
0 10 8 2
equation
2 −1 −4 7

0 10 8 2

Answers

Answer:

-1,2,1,-1

3,4,5,5

The other answer is for the question after this one on the edge assignment

Answer:

1ST ANSWER

0 10 8 2

2ND ANSWER

0 3 -2 5

Got it right on edg

Three salesmen work for the same company, selling the same product. And, although they are all paid on a weekly basis, each salesman earns his paycheck differently.

Salesman A works strictly on commission. He earns $65 per sale, with a maximum weekly commission of $1,300.


100 POINTS
Salesman B earns a weekly base salary of $300, plus a commission of $40 per sale. There are no limits on the amount of commission he can earn.

Salesman C does not earn any commission. His weekly salary is $900.
The weekly paycheck amount for each salesman, p, is a function of the number of sales, s, they had in that week.

Answers

Answer:

Equations for each salesman:

A. p(s) = 65sB. p(s) = 40s + 300C. p(s) = 900

When s = 0, s= 1, s = 10 each of the gets paid:

A. p(0) = 0, p(1) = 65, p(10) = 650B. p(0) = 300, p(1) = 340, p(10) = 700C. p(0) = p(1) = p(10) = 900

The above numbers as ordered pairs:

                 A                B               C          s = 0  |    (0, 0)       | (0, 300)    | (0, 900)s = 1   |    (1, 65)      | (1, 340)     | (1, 900)s = 10 |    (10, 650) | (10, 700)   | (10, 900)

If 2 feet is equal to 60.96 centimeters how many centimeters are in 12 feet PLEASE HELP

Answers

Answer:

365.76

Step-by-step explanation:

If 2 feet is 60.96, then 1 foot is 30.48.

30.48 times 12 = 365.76

365.76 centimeters is the answer.

Hope this helps!

Plz, mark brainliest!

Answer:

365.76 cm in 12 feet

Step-by-step explanation:

Start by setting up two fractions which are equal to one another. We will use x as the unknown amount, which is the number of centimeters in 12 feet here.(see attached picture for a visual)

Now we can cross multiply, which gives us 12*60.96=2*x

Now, solving for x we divide 12*60.96=731.52 by 2, which gives us x=365.76 centimeters in 12 feet.

What is the product of these two binomials?
(x^2 - 5)(2x - 1)

Answers

Step-by-step explanation:

Please refer to the attachment

HELP WILL GIVE BRAINLY!

Answers

Answer:

The second one

Step-by-step explanation:

on the f axis you can see that f is greater than or equal to 1 and less than or equal to 5.

Any help is greatly appreciated but please show how to get answers

Answers

We first calculate the front and back which are 2 congruent(equal) triangles. The 2 areas together is...

9*6/2*2=54

Now we want to calculate the 2 rectangles at the top right and top left of the shape they are also congruent(equal). The 2 areas together is...

7*5*2=70

The last part is the rectangle on the bottom with area...

9*5=45

Now we just need to add them all together...

54+70+45=124+45=169

I hope this helped you, if you have any questions about this solution just ask me in the comments :)

Answer:

223cm

Step-by-step explanation:

First you want to figure out how many faces the 3D shape has.

This has 5 faces.

Then you find the area of each face.

The front face has an area of 54cm because the length is 6cm and the width is 9cm.

Area = Length x Width

The back face will always have the same area as the front.

54cm + 54cm = 108cm (Front and Back Face)

Now the right side and left side.

The width of the side is 5cm and length is 7cm.

7cm • 5cm = 35cm

Just like the front and back, the right and left side will have the same area.

35cm + 35cm = 70cm

Now the last part.

There is no top face since this is a 3D triangle and not a square and rectangle etc.

So, you don't add it two times like the others.

The bottom's width is 5cm and the length is 9cm

5cm • 9cm = 45cm

Now you add all of it up together to find the surface area.

108cm + 70cm + 45cm = 223cm

Hope this helps dude

can some one help me please....

step by step explanation........ ​

Answers

Answer:

There are 77 members in the group.

Step-by-step explanation:

1Rs = 100 paise ( Indian Currency Conversion )

Given,

Total amount collected is = Rs 59.29

Now convert Rs 59.29 to paise that is 59.29 × 100 = 5929 paise

Condition :- Paise collection = Total number of members

Consider any of the above condition as X

So, X² = 5929

X = √5929 = 77

Thus, Total number of members in the group is 77 [ Option C ]

Hope this helps you.

What is the sum of the rational expressions below? 2x + 7 / x + 5 + x - 3 / x + 5

Answers

Answer:

[tex]\frac{3x+4}{x+5}[/tex]

Step-by-step explanation:

Given

[tex]\frac{2x+7}{x+5}[/tex] + [tex]\frac{x-3}{x+5}[/tex]

Since both fractions have a common denominator then add the numerators, placed over the common denominator.

= [tex]\frac{2x+7+x-3}{x+5}[/tex]

= [tex]\frac{3x+4}{x+5}[/tex]

Answer:

The answer is

[tex] \frac{3x + 4}{x + 5} [/tex]

Step-by-step explanation:

We can do this by using the denominators.

[tex]then \\ \frac{2x + 7}{x + 5} + \frac{x - 3}{x + 5} \\ = \frac{2x + 7 + x - 3}{x + 5} \\ = \frac{3x + 4}{x + 5} [/tex]

please please help! i just answered a few questions just to post this im using all my points.

Answers

Answer:

Step-by-step explanation:

∠RST=180-44-15

         =121°

In ΔRST and ΔLMN,

∠RST=∠LMN (proven)

∠TRS=∠NLM (given)

∴ΔRST ~ ΔLMN (AA)

Answer:

Yes

Step-by-step explanation:

If all the angles in the triangles are the same, then the triangles are similar.

ΔSRT: The angles in a triangle add up to 180. 44+15+x=180, x=121

ΔLMN: The angles in a triangle add up to 180. 44+121+x=180, x=15

Both triangles share the same angles (44,15 and 121), so they are similar.

The school production of​ 'Our Town' was a big success. For opening​ night, 391 tickets were sold. Students paid ​$4.00 ​each, while​ non-students paid ​$6.00 each. If a total of $1786 was​ collected, how many students and how many​ non-students attended?

Answers

Answer:

280 students

111 non students

Step-by-step explanation:

number of students (S)

number of non students (N)

S+N=391     S=391-N

4S+6N=1786

substitute S

4(391-N)+6N=1786

1564-4N+6N=1786

subtract 1564 from each side

2N=222

N=111

S=391-111=280

PLEASE HELP ASAP!!!
(Question in picture! Please include steps :))

Answers

Answer:

90 degree - 60 degree = 30 degree always remember yn will be 90 degree

Answer:

MN = π

Step-by-step explanation:

The arc MN is calculated as

MN = circumference of circle × fraction of circle

      = 2πr × [tex]\frac{60}{360}[/tex] ( r is the radius )

      = 2π × 3 × [tex]\frac{1}{6}[/tex]

     = 6π × [tex]\frac{1}{6}[/tex]

     = π

Help pls!!! Photo attached.

Answers

Answer:

i hope this helps

Step-by-step explanation:

HELP! THIS IS DUE IN LESS THAN 20 MINUTES! PLEASE!!! I'M ALREADY BEHIND AND THIS WILL SET ME BACK EVEN MORE!!!

Answers

Answer: For 7 this is how to graph it

The simple interest earned for certain amount for 3 years at 5% is AED. 450. The amount invested is ________.

I need the steps also

Answers

Answer:

AED 3000

Step-by-step explanation:

Let the invested amount is x

Interest rate is r = 5% simple = 0.05 timesTime is t =  3 yearsInterest amount I = AED. 450

Using the interest formula and solving for x:

P*r*t = Ix*0.05*3 = 4500.15x = 450x = 450/0.15x = 3000

The amount invested is AED 3000

There are 56 female performers in a dance recital. The ratio of men to women is 3:8. How many men are in the dance recital?

Answers

There are 21 men at the dance recital

Answer:

56%8=7     so then u do this  (3 is the ratio of men) 3X7=21 and thats how u do it :D

Step-by-step explanation:

uhh i don't have one lol

i really need help ASAP, its due on midnight

Answers

Answer:

a. s=94 b. s=8w+54 c. w=14

Step-by-step explanation:

I posted a picture how I got this answer

Hope this helped



whats 3squared correct to 5 decimal places​

Answers

Answer:

9.0000

Step-by-step explanation:

3 squared = 3*3 = 9

9 to 5 decimal places = 9.0000

pls mark as brainliest

How do i identify the minimum

Answers

Answer:

to identify the minimum of the table try looking at the negative numbers first and then look at the positive numbers

Graph the following features:
• Slope = 2
Y-intercept = -5

Answers

y = mx + b

y = 2x - 5

you can go to desmos calculator online and simply put in the equation. but what you're going to do is find -5 on the y axis. then you will go up 2 and then 1 to the right.

it should look like this:

hope this helps !!

The equation is y=2x-5

Graphf (x) = 3x + 4 and a h(x) = -f(x).

Answers

Answer:

I think the answer is 56 .

Please help me on this I need help and nobody is really helping

Answers

I believe the answer is (0,0)

Answer:

(0,0)

Step-by-step explanation:

That is the middle.

The circumference of a circle is 31.4 inches. Enter the radius of the circle, in inches. Round your answer to the nearest whole number.

Answers

Answer:

Should be 5 in.

Step-by-step explanation:

C=2*Pi*R

31.4=2*3.14*R

substitute 5 for radius= 2*5=10

10*3.14=31.4

Calculate the slope of the graph

Answers

U need to calculate right and bottom squares. Like 1/2

John has $80. Every week, he spends $7.
Create an equation that represents how much money, m, he has after t weeks.
How much money, in dollars, will he have after the fourth week?
Enter the equation and the answer on separate lines.

Answers

John would have 52 dollars left by the fourth week.
7(dollars spent each week) x 4 ( number of weeks)=28 (spent in 4 weeks)

80 - 28 =52

Stu is buying a &35 tool. The store reduces the price by 5%. How much will Stu pay for the tool?

Answers

Correct question is:

stu is buying a $35 tool. The store reduces the price by 5% and then applies an $8 off coupon. How much will Stu pay for the tool

Answer:

$25.25

Step-by-step explanation:

The cost of the tool has been given as $35.

The price of this tool is then reduced by 5%.

When we apply this reduction to initial price

= 35 * 5%

= 35x0.05

= $33.25

If a coupon of 8 dollars is applied

The price to be paid for the tool will be

$33.25 - $8.00

= $25.25

Stu is going to pay $25.25 for the tool

What is the justification for step 2? 4(x-5)= -12 Justification Step 1: 4x-20=-12 Distributive Property Step 2 4x= 8 ? Step 3 x=2 Division Property of Equality

Answers

Answer:

addition property of equality

Step-by-step explanation:

Given the equation 4(x-5) = -12

Expand

4x - 20 = -12

Add 20 to both sides (addition property of equality)

4x-20+20 = -12+20

4x = 8

x = 8/4

x = 2

Hence the value of x is 2

The justification for step 2 is addition property of equality

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