Robin invested $1000 in a 12% simple interest savings deposit for 3
years. He also invested an equal amount in a 10% compound interest
savings deposit for 3 years. At the end of 3 years, how much more
interest did he get from the simple interest deposit?

Answers

Answer 1

Step-by-step explanation:

Lets find out,shall we?

Simple interest=(PRT)/100

=$1000×12×3)/100

=$360

Now for compound interest

A=P(1+R/100)^t

A=$1000(1+12/100)^3

A=$1404.928

so interest for compound interest=$(1404.928-1000)=$404.928

Clearly,Robin got more interest by compound interest than simple interest which business people understand lol.

Difference in interest=$404.928-360=$44.928


Related Questions



One environmental group did a study of recycling habits in a California community. It found that 75% of the aluminum cans sold in the area were recycled. (Use the normal approximation. Round your answers to four decimal places.)

(a) If 387 cans are sold today, what is the probability that 300 or more will be recycled?



(b) Of the 387 cans sold, what is the probability that between 260 and 300 will be recycled?

Answers

Answer:

a

  [tex]P( \^ p > 0.775 ) = 0.12798[/tex]

b

 [tex]P( 0.6718 < p < 0.775 ) =0.87183[/tex]

Step-by-step explanation:

From the question we are told that

    The population proportion is  [tex]p = 0.75[/tex]

Considering question a  

     The sample size is  [tex]n = 387[/tex]

Generally the standard deviation of this sampling distribution is  

         [tex]\sigma = \sqrt{ \frac{p(1 - p)}{ n } }[/tex]    

=>      [tex]\sigma = \sqrt{ \frac{0.75(1 - 0.75)}{ 387 } }[/tex]    

=>      [tex]\sigma = 0.022[/tex]    

The sample proportion of cans that are recycled is

                 [tex]\^ p = \frac{ 300}{387 }[/tex]

=>              [tex]\^ p = 0.775[/tex]

Generally the probability that 300 or more will be recycled is mathematically represented as

         [tex]P( \^ p > 0.775 ) = P( \frac{\^ p - p }{ \sigma } > \frac{0.775 - 0.75 }{ 0.022} )[/tex]

[tex]\frac{\^ p  - p }{\sigma }  =  Z (The  \ standardized \  value\  of  \ \^ p  )[/tex]

       [tex]P( \^ p > 0.775 ) = P( Z > 1.136 )[/tex]

From the z table  the area under the normal curve to the left corresponding to  1.591   is

      [tex]P( Z > 1.136) = 0.12798[/tex]

=>    [tex]P( \^ p > 0.775 ) = 0.12798[/tex]

Considering question b

Generally the lower limit of  sample proportion of cans that are recycled is

                 [tex]\^ p_1 = \frac{ 260 }{387 }[/tex]

=>              [tex]\^ p_1 = 0.6718[/tex]

Generally the upper limit of  sample proportion of cans that are recycled is

                 [tex]\^ p_2 = \frac{ 300}{387 }[/tex]

=>              [tex]\^ p_2 = 0.775[/tex]

Generally probability that between 260 and 300 will be recycled is mathematically represented as

           [tex]P( 0.6718 < p < 0.775 ) = P( \frac{0.6718 - 0.75 }{ 0.022}< \frac{\^ p - p }{ \sigma } <\frac{0.775 - 0.75 }{ 0.022} )[/tex]

=>      [tex]P( 0.6718 < p < 0.775 ) = P( -3.55 < Z < 1.136 )[/tex]

=>        [tex]P( 0.6718 < p < 0.775 ) = P(Z < 1.136 ) - P( Z < -3.55 )[/tex]

From the z table  the area under the normal curve to the left corresponding to  1.136 and  -3.55  is

       [tex]P( Z < -3.55 ) = 0.00019262[/tex]

and

       [tex]P(Z < 1.136 ) = 0.87202[/tex]

So

       [tex]P( 0.6718 < p < 0.775 ) = 0.87202- 0.00019262[/tex]

=>   [tex]P( 0.6718 < p < 0.775 ) =0.87183[/tex]

Solve: 2|x -1| - 3 ≥ 15.

x ≥ -10 or x ≤ -8
x ≥ 10 or x ≤ 8
x ≥ 10 or x ≤ -8
x ≥ -10 and x ≤ 8

Answers

Answer:

x ≥ 10 or x ≤ -8

Step-by-step explanation:

2|x - 1| - 3 ≥ 15

Add 3 to both sides;

2|x - 1| ≥ 18

Divide both sides by 2

|x - 1| ≥ 9 or |x - 1| ≤ -9

x - 1 ≥ 9 or x - 1 ≤ -9

Add 1 to both sides;

x ≥ 10 or x ≤ -8

The circumference of the great wheel was twelve thousand and forty-one thousand inches. The cricumference of the lesser wheel was only one thousand twenty-one and two hundred-thousand inches. How much lager was the great wheel?

Answers

Answer:

The larger wheel is 10979.04098 more than the smaller wheel.

Step-by-step explanation:

Given that,

The circumference of the great wheel was twelve thousand and forty-one thousandth inches.

C = 12000.041 inches

The circumference of the lesser wheel was only one thousand twenty-one and two hundred-thousand inches.

C' = 1021.00002 inches

We need to find how much larger was the great wheel. To find it, take the difference of C and C'.

C-C' = 12000.041 inches - 1021.00002 inches

= 10979.04098 inches

Hence, the larger wheel is 10979.04098 more than the smaller wheel.

4. What's the fraction 18/24 reduced to its lowest terms?
A. 24/18
B. 18/24
C. 3/4
D. 9/12

Answers

Answer:

C

Step-by-step explanation:

The GCF of 18 and 24 is 6. So divide both 18 and 24 individually by six and you get 3 and 4.

Answer:

3/4

Step-by-step explanation:

divide both sides by 6

Can you help me with question 4 pls

Answers

Angle 2 = 41° because angle 4 is 41°. Angle 2 and angle 4 are vertical angles which means they are equal. Angle 2 = Angle 4

small word problem! 30 POINTS

Answers

x=18, so x^2 would have to be 324



Which table represents y as a function of x

Answers

Answer:

B

Step-by-step explanation:

Only one in which x is not more than one number matching y in function.

The table 4 represent the function.

What is Function?

In mathematics, a function is represented as a rule that produces a distinct result for each input x. In mathematics, a function is indicated by a mapping or transformation. Typically, these functions are identified by letters like f, g, and h. The collection of all the values that the function may input while it is defined is known as the domain. The entire set of values that the function's output can produce is referred to as the range. The set of values that could be a function's outputs is known as the co-domain.

Given:

The function should have distinct input with corresponding output.

If there are 2 same input vales then it not said to be a function.

So, according the definition the table 4 represent the function because the table 1, 2 and 3 have repeated input value,

Hence, the table 4 represent the function.

Learn more about function here:

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7x + 2 = 28 + 5x, solve for x

Answers

Answer:13

Step-by-step explanation:

7x + 2 = 28 + 5x

subtract 5x on both sides

7x - 5x + 2 = 28

2x = 28 -2

2x = 26

x = 13

Answer:x=13Step-by-step explanation1.) subtract 2 from both sides which leaves you with 7x=5x+262.) subtract 5x from both sides which leave you with 2x=263.) divide by 2 on both sides and you get 13

if correct mark braliest! :)

hope this helps

Line f passes through the points

(10, -1) and (-8, 6).

What is the slope of line f?

Answers

Answer:

-7/2 or -3.5

Explanation:

The slope is rise over run.

The rise is how much it went up and the run is how much it went right

The line went up 7 units while going -2 units to the right (meaning it went 2 units to the left)

This makes our slope 7/-2 which is the same as -7/2 or -3.5

PLEASE HELP ME. IM DESPERATE. MY BRAIN STOPPED WORKING

Answers

Answer:

All of them except for the 3rd one

Step-by-step explanation:

2) 15 - 3x = 5(x + 4) - 8x

15 - 3x = 5x + 20 - 8x

15 - 3x ≠ -3x + 20

4) 2(x - 7) = 2x - 10

2x - 14 ≠ 2x - 10

1) 24x - 22 = -4(1 - 6x)

24x - 22 ≠ -4 + 24x

3) 12 - 2x = 6(2x + 2)

12 - 2x = 12x + 12

0 = 14x

0 = x, only one that has a solution

Find the length of side X

Answers

Answer:

C

Step-by-step explanation:

Using Pythagoras' identity in the right triangle

The square on the hypotenuse is equal to the sum of the squares on the 2 other sides, that is

x² + 6² = 17²

x² + 36 = 289 ( subtract 36 from both sides )

x² = 253 ( take the square root of both sides )

x = [tex]\sqrt{253}[/tex] → C

What is the slope equation? Drag and drop answers

Answers

Answer:

y = 2x + 9

Step-by-step explanation:

The y-intercept: 9

Slope: 2x

Find two integers whose sum is -8 and product is -48

Answers

-12 * 4= 48 and -12+4= -8

solve the system by substitution
y=5x
y=9x+8

show ur work
will give brainliest!

Answers

Answer:

x = -2

y = -10

( -2, -10)

Step-by-step explanation:

set them equal

5x = 9x + 8

subtract 9x

-4x = 8

divide by -4

x = -2

plug in x

y = 5(-2)

y = -10

plss tell me the ans​

Answers

Answer:

I dont know if this is right but I think its 125/343

Please help me with this

Answers

I believe it’s No correlation; No.

Elizabeth is making lemonade. She uses a box of mix to make of a gallon. How much mix will she need to make one gallon?

Answers

The answer is she needs one more

Answer:

she will need one box to make one gallon. If the question is correct, she will ned one box.

Step-by-step explanation:

(picture included) will mark brainliest

Answers

Answer:

1. A

2. C

3. B

Step-by-step explanation:

1. we can create an equation y = 48x + 96

if we plug in 1 we get 144

2. we can create an equation y = 10x to represent how much battery you will lose every hour

if we plug in 5 to x, we get y = 50

so we get the plot point: (5, 50)

3. process of elimination

can someone help me pls?
Go step by step to reduce the radical: √288
what I have so far:
√16 • √18
12√2
12√2 • √9

Answers

I think it would be 12 times 3 root 2

Cristina picked out a new tennis racket that was priced at $35.00. She has saved $40.00 to cover the tax. If there is an 8% tax, then how much will she pay for the tennis racket and the tax

Answers

Answer:

37.8

Step-by-step explanation:

(4x + 10) + (3x + 8)

Answers

Answer:

7x+18

Step-by-step explanation:

add both 4x and 3x to get 7x and add 10 and 8 to get 18. therefore 7x+18

The final expression of (4x + 10) + (3x + 8) is 7x + 18.

What is an expression?

An expression is a way of writing a statement with more than two variables or numbers with operations such as addition, subtraction, multiplication, and division.

Example: 2 + 3x + 4y = 7 is an expression.

We have,

(4x + 10) + (3x + 8)

Combine like terms.

4x + 3x + 10 + 8

7x + 18

Thus,

The final expression is 7x + 18.

Learn more about expressions here:

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Explain why xyz is similar to lmz ​

Answers

Answer:

Because they both have 65 degree angles and are both triangles

Step-by-step explanation:

Answer:

because they have the same bottom degrees

Step-by-step explanation:

I REALLY NEED THIS RIGHT NOW!!

For 0

Answers

Answer:

Where is the question?

Step-by-step explanation:

Zeke read z books over the summer. Michelle read twice as many books over the summer as Zeke. Tay read 3 more books over the summer than Zeke. Which expression represents the total number of books read over the summer by Zeke, Michelle and Tay?

Answers

Answer: 4z + 3

Step-by-step explanation:

Number of books read by Zeke = z

Michelle read twice as many book as Zeke. This will be: = 2 × z = 2z

Tay read 3 more books than Zeke. This will be: = z + 3

The expression that represents the total number of books read over the summer by Zeke, Michelle and Tay would be the addition of the books read by each person. This will be:

= z + 2z + z + 3

= 4z + 3

8.9 - 1.4x + 6.5x + 3.4
PLEASE HELP

Answers

Answer: is 10

Step-by-step explanation:input :

Changes made to your input should not affect the solution:

(1): "3.4" was replaced by "(34/10)". 4 more similar replacement(s)

STEP

1

:

17

Simplify ——

5

Equation at the end of step

1

:

89 14 65 17

((——-(——•x))+(——•x))+——

10 10 10 5

STEP

2

:

13

Simplify ——

2

Equation at the end of step

2

:

89 14 13 17

((——-(——•x))+(——•x))+——

10 10 2 5

STEP

3

:

7

Simplify —

5

the discriminant of a quadratic equation is the value b2 – 4ac. what is the value of the discriminant of 0

Answers

Cannot determine the nature of roots.

The Nature of roots simply means the category in which the roots are falling upon. The roots may be imaginary, real, unequal or equal. If the discriminate is negative, the roots will be imaginary.

The nature of roots of quadratic equations (in the form ax^2 + bx +c=0) we need to calculate the discriminant, which is b^2 - 4 a c. When discriminant is greater than zero, the roots are unequal and real. When discriminant is equal to zero, the roots are equal and real.

The Discriminant of a polynomial is a quantity that depends on the coefficients and allows deducing some properties of the roots without computing them. More precisely, it is a polynomial function of the coefficients of the original polynomial.

Given that ,

 b2 – 4ac

first we arrange terms in descending order -4ac + 2b

then find discriminant of quadratic equation :Δ =  4

Identify a, b, c through co-efficient:

a = 0

b= -4c

c = 2b

Substitute the value of a, b, c and calculate discriminant

([tex]b^{2} -[/tex] 4ac)

Δ = [tex]16c^{2}[/tex] determine number of solutions with discriminant:

Can't determine the nature of roots.

Learn more about discriminant here: brainly.com/question/12383696

SPJ4

The senior class plans a school trip to Washington DC. Students should bring money for meals and
souvenirs. They are told to bring at least $60 but no more than $135. Write a compound inequality that
represents the amounts of money a student can bring.

Answers

Answer:

The required inequality is:

[tex]\mathbf{x >60\: and\: x<135}[/tex]

Step-by-step explanation:

Minimum Money students should bring = $60

Maximum Money students should bring= $135

We need to write compound inequality  that  represents the amounts of money a student can bring.

Compound inequalities are combination of two inequalities combined with "and" , and "or"

And is used, when both inequalities should be true.

Or is used when one of the inequality should be true.

In our case we would use and because we need  both inequalities to be true.

The required inequality is:

[tex]\mathbf{x >60\: and\: x<135}[/tex]

Solve for r: -6+4r=2(r-4)
A) -1
B) 1
C) -12
D) 12

Answers

Answer:

r = -1

Step-by-step explanation:

-6 + 4r = 2(r - 4)

-6 + 4r = 2r - 8

+6 +6

4r = 2r - 2

-2r -2r

2r = -2

/2 /2

r = -1

hope this helps

Chris and Evan are selling bags of popcorn to raise money for a club at school. Chris started with 10 bags and he sells 4 bags each day. Evan began with 8 bags and sells 2 bags each day. How many days will it take before they both have the same number of bags remaining? A. 2 days B. 4 days C. 1 day D. 6 days

Answers

Answer:

C. 1 day

Step-by-step explanation:

Chris:

10 - 4d

Evan:

8 - 2d

How many days will it take before they both have the same number of bags remaining?

Equate both expressions and solve

10 - 4d = 8 - 2d

Collect like terms

10 - 8 = -2d + 4d

2 = 2d

Divide both sides by 2

d = 2/2

= 1

d = 1 day

It will take 1 day before they both have the same number of bags remaining

3 (1 + 5)² + 147 = 0
whats the answer?

Answers

Answer: 255

Step-by-step explanation:

3 (1 + 5)² + 147 = 0
equals to 255

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