You are comparing two savings accounts based on the interest you would earn and the fees they charge. Assuming you have a savings account with an average balance of $500, which combination of interest rates and fees are a better deal? (Hint: Using a one year period, determine the balance that you would have at Bank A and Bank B).

Answers

Answer 1

Using simple interest, the better deal is given by Bank B.

What is the missing information?

The options are missing, but they are given as follows:

Bank A: An account with 10% annual interest rate and $5/month in fees.Bank B: An account with 2% annual interest rate and no fees.

Simple Interest

Simple interest is used when there is a single compounding per time period.

The amount of money after t years in is modeled by:

A(t) = A(0)(1 + rt)

In which:

A(0) is the initial amount.r is the interest rate, as a decimal.

For Bank A, the balance, without the fee, will be given by:

A(1) = 500(1 + 0.1) = $550.

Removing the fee:

550 - 12 x 5 = $490.

For Bank B, the balance is given by:

A(1) = 500(1 + 0.02) = $510.

No fee, 510 > 490, hence Bank B offers the better deal.

More can be learned about simple interest at https://brainly.com/question/25793394

#SPJ1


Related Questions

What is the equation of the linear function in slope-intercept form described by this table?

f(x)= _____x + __________

Answers

The equation of line in slope intercept form described from given table will be equal to y = -2x + 1

What is the slope intercept form of a line ?

The equation of a line that can be written as y = mx + c, where m is the slope and c is the line's y-intercept, is known as a slope intercept form.

From the given figure we can find out that the points are (x1.y1) = (-2 , 5) and (x2 , y2) = ( -1 , 3).

The equation of line in slope intercept form

y = mx + c

Where m is the slope, and c is the y-intercept.

We have points (-2, 5) and (-1,3). Thus , the slope (m) will be :

m = ( [tex]y_{2} - y_{1}[/tex] ) /( [tex]x_{2} - x_{1}[/tex] )

m = ( 3 - 5 ) / ( -1 + 2)

m = -2

Using this value to find out the equation of line we get :

y = -2x + c

Point (-2,5) means that when x = -2 then y = 5 , and we use this data to find value of c , which is the y- intercept ;

5 = -2 × -2 + c

c = 5 - 4

c = 1

So , in slope intercept form the equation of line will be ;

y = -2x + 1

Therefore , the equation of line in slope intercept form will be y = -2x + 1.

Learn more about slope intercept form here :

https://brainly.com/question/18594541

#SPJ1

5. Consider the statement “There are no simple solutions to life’s problems”. Write an informal negation for the statement, and then write the statement formally using quantifiers and variables.

Answers

The informal negation for the statement is that there are simple solutions to life’s problems.

∀ x ∈ X, x is not a solution to life's problems.

How to illustrate the information?

A statement is any sentence that can be determined as true or false. A statement can be written as P(x) or Q(x) .

A negation to a statement is the opposite to that statement.

The negation of “There are no simple solutions to life’s problems” is “There are simple solutions to life’s problems.”

To write the statement formally using quantifiers.

1. For all, denotes as ∀

2. There exists, denoted as ∃

Let us define a domain and a Set. A Set is simply a collection of objects.

Let X be the set of all simple solutions to all problems.

∀ x ∈ X, x is not a solution to life's problems.

Learn more about Quantifiers on:

https://brainly.com/question/13208877

#SPJ1

Solve and put your final answer in the box
2 1/3 × -4/5

Answers

-1.84 I hope I can help you

Customer in Event 4 returned $4,200 worth of goods that had a cost of $2,150 .

Answers

The discussion is shown below:

What is data?

In computing, data is information that has been translated into a form that is efficient for movement or processing.

According to the data

Transaction     Cost

Event 1               NA

Event 2               Product

Event 3               Product

Event 4               Product

Event 5               Period

Event 6               Product

Event 7               NA

Event 8               NA

Event 9               Period

Event 10              Period

Learn more about data here:

https://brainly.com/question/15403824

#SPJ1

The question you have uploaded is incomplete.

The complete question is:

5.Award: 1.00 point Problems? Adjust credit for all students. The Pet Store experienced the following events for the Year 1 accounting period:

1. Acquired $60,000 cash from the issue of common stock.

2. Purchased $65,000 of inventory on account.

3. Received goods purchased in Event 2 FOB shipping point; freight cost of $900 paid in cash.

4. Sold inventory on account that cost $38,000 for $71,000.

5. Freight cost on the goods sold in Event 4 was $620. The goods were shipped FOB destination. Cash was paid for the freight cost.

6. Customer in Event 4 returned $4,200 worth of goods that had a cost of $2,150.

7. Collected $58,300 cash from accounts receivable.

8. Paid $59,200 cash on accounts payable.

9. Paid $2,600 for advertising expense.

10. Paid $3,100 cash for insurance expense.

Requireda. Which of these events affect period (selling and administrative) costs? Which result in product costs? If neither, label the transaction NA.

A sequence is defined recursively using the formula f(n+1)=-0.5f(n). If the first term of the sequence is 120, what is f(5)

Answers

Answer:

The sequence's fifth term is equal to 7.5.

Step-by-step explanation:

It is given in the question that A sequence is defined recursively using the formula f(n+1)=-0.5f(n) and we need to calculate f(5) if the first term of the sequence is 120.

Firstly,

The definition of a series is given by the formula f (n + 1) = -0.5 f. (n).

Now, what will be f(5) if the sequence's initial term is 120, let's calculate;

Recursively, a series is defined as follows;

=> f(n) = 120 if n = 1, otherwise.

Otherwise,

=> f(n) =-0.5f(n-1) if n > 1.

Now,

=> f(1) = 120

=> f(2) = -0.5f(1) = -0.5(120) = -60

=> f(3) = -0.5f(2) = -0.5(-60) = 30

=> f(4) = -0.5f(3) = -0.5(30) = -15

=> f(5) = -0.5f(4) = -0.5(-15) = 7.5

So, For n > 1, f(n) = (-0.5)(n-1) × 120

Therefore, the sequence's fifth term is equal to 7.5.

To know more about this topic, click here:

https://brainly.in/question/12650731

#SPJ9

Find the value of the power.
89⁰

Answers

Answer: 1

Step-by-step explanation:

Anything to the power of zero is one

Answer:

0.999847695

Step-by-step explanation:

1 for short ig :^

what affect does a outlier have on a mean

Answers

Answer: An outlier can affect the mean by being unusually small or unusually large

Step-by-step explanation: Outliers affect the mean value of the data but have little effect on the median or mode of a given set of data.

write ____ as a single power of 7

Answers

Answer:

[tex]7^{7/2}[/tex]

Step-by-step explanation:

[tex]7^3 \times \sqrt{7} \\ \\ =7^3 \times 7^{1/2} \\ \\ =7^{7/2}[/tex]

The function y = 2.5x + 3 can be used to determine the cost in dollars for a taxi ride of x miles.

What is the rate of change of the cost in dollars with respect to the number of miles?

$5.50/mile
$1/mile
$3/mile
$2.50/mile

Answers

The answer is 5.50/mile because you ad 2.5x substrate that and you get it

Answer:

C. $2.50

Step-by-step explanation:

x=1 y=5.5

x=2 y=2.5

A rolld of wool insulation is 114cm wide and 5.2m long. one roll costs £19.65. estimate the cost of the wool insulation required for a loft floor that is 4.5m by 10m

Answers

The cost of the wool insulation required for the loft floor is £149.16498

How to estimate the cost of the wool insulation required for the loft floor?

The given parameters are

Roll of wool = 114 cm by 5.2 m

One roll = £19.65 per roll

The area of one roll is calculated as

Area = Length * Width

So, we have

Area = 114 cm x 5.2 m

Convert cm to m

Area = 1.14 m x 5.2 m

Evaluate the product

Area = 5.928 m^2

The cost of the required area of loft floor is

Total cost = Unit cost/Area of 1 roll x Area of floor

This gives

Total cost = £19.65/5.928 * 4.5 * 10

Evaluate the product

Total cost = £149.16498

Hence, the cost of the wool insulation required for the loft floor is £149.16498

Read more about area at

https://brainly.com/question/22972014

#SPJ1

Need help with this question. Dropped a picture down below.

Answers

The statements that complete the figure parameters are

CEH and HEB are complementary angles and CEH = 70 degreesAEH and HEB are supplementary angles and AEH = 160 degrees

How to complete the sentences?

The given parameters are:

Angle HEB = 20 degrees

From the figure, we can see that

Line CE is perpendicular to line AB

This means that

HEB + CEH = 90 degrees ---- complementary angles

HEB + AEH = 180 degrees ---- supplementary angles

So, we have

20 + CEH = 90 degrees

20 + AEH = 180 degrees

Evaluate

CEH = 70 degrees

AEH = 160 degrees

Hence, the complete statements are

CEH and HEB are complementary angles and CEH = 70 degrees

AEH and HEB are supplementary angles and AEH = 160 degrees

Read more about angles at

https://brainly.com/question/7620723

#SPJ1

The sum of 3 times a number and -8 added to 7 times the number

Answers

Answer:

(3x+-8) + 7x

Pls mark brainliest

A cargo truck is traveling 70 miles per hour and plans to travel 840 miles, plus or minus 105 miles, depending on fuel levels. Fnd the minimum and maximum number of hours the truck will travel at that speed.
The minimum is 10.5 hours and the maximum is not 12.2 hours.​

Answers

The minimum and a maximum number of hours the truck will travel at that speed are 10.5 and 13.5 hours respectively.

What is velocity?

Velocity is the rate of distance covered per time. Velocity could be average or instantaneous.

Average velocity = total distance / total time taken

Units of velocity are given by ⇒ meter/second

Speed of truck = 70 miles/hour

Maximum distance = 840 + 105 = 945 miles.

Minimum distance = 840 - 105 = 735 miles.

Now,

Time = distance / velocity

Minimum time = minimum distance / velocity

So,

Minimum time = 735 / 70 = 10.5 hour.

Maximum time = maximum distance / velocity.

Maximum time = 945 / 70 = 13.5 hour.

Hence "The minimum and a maximum number of hours the truck will travel at that speed are 10.5 and 13.5 hours respectively".

To learn more about velocity,

brainly.com/question/18084516

#SPJ1

John and Sam have a lawn mowing service. At one home, John can mow the lawn by himself in 2 hours, but it takes Sam 2.5 hours. How many hours twill it take them to mow the same lawn
together? Give the answer correct to one decimal place.

Answers

Answer:

3/5 hours or 36 minutes

Step-by-step explanation:

John could mow three of these lawns in three hours (3/1 = three), while Sam could only mow two in three hours (3/1.5 = two). Therefore, the two of them could cut 5 lawns in 3 hours (3+2). Together, they can cut the same lawn in three and a half hours, or 36 minutes.

Please answer correctly, my grade depends on it also i'd help if you asnwer my other questions but only if you want to.

Answers

The domain are the independent variables for which an expression or equation exists. The domain of the graph in interval notation will be [-9,7]

Domain of a graph.

The domain are the independent variables for which an expression or equation exists.

The given graph is described as a piecewise function since there are several lines that make up the graph.

The domain of the function are the value that lies along the x-axis of the line graph while the range are values of the function along the y-axis of the line graph.

The domain of the graph in interval notation will be [-9,7]. Note that both brackets are closed since the circles are shaded.

Learn more on domain and range here: brainly.com/question/10197594

#SPJ1

guys what is 100+5617538...

Answers

Answer:

5617638

Step-by-step explanation:

You can use a calculator or just change the second 5 in the number to 6 because we are adding 100.

Answer: 5617638

Step-by-step explanation:

100+5617538=

5617538+100=

5617000+538+100=

5617000+638=5617638

6 in. 5 in. 4 in. 1 in. 2 in. 3 in. 5 in. 4 in. what is the volume​

Answers

Answer:

Step-by-step explanation:

Do 6 +5=11+4=15+1+2+18+3=21+5=26+4=30 theres ur answer:D

The 100th term of 1, 7, 13, 19, … is

Answers

[tex]Consider \: the \: sequence \: u_{n} \\ u_{n} \: appears \: to \: be \: arithmtic[/tex]

Quick Proof:

[tex]u_{4}-u_{3}=u_{3}-u_{2}=... \\ 19 - 13 = 13 - 7 = .. \\ 6 = 6 = ...[/tex]

[tex]u_{n} \: is \: arithmetic \: with \: d = 6 \:and \: u_{1} = 1 \\ [/tex]

[tex]u_{n} = u_{1}+(n-1)d \\ u_{100} = 1 + (100 - 1)6 \\ u_{100} = 595[/tex]

Under his cell phone plan, Mason pays a flat cost of $51.50 per month and $4 per gigabyte, or part of a gigabyte. (For example, if he used 2.3 gigabytes, he would have to pay for 3 whole gigabytes.) He wants to keep his bill under $65 per month. What is the maximum whole number of gigabytes of data he can use while staying within his budget?

Answers

The maximum whole number of gigabytes of data he can use while staying within his budget is 3 gigabytes

What is straight-line equation?

The straight-line equation which comprises of the fixed charge that Mason would have to pay for data usage every month and the variable charge which is based on the number of gigabytes used is as shown below:

y=a+bx

y=total cos65

a=fixed charge=51.50

b=cost per gigabyte=4

x=number of gigabytes he has to use to stay within his budget=unknown

65=51.50+4x

65-51.50=4x

13.5=4x

x=13.5/4

x=3.38( 3 gigabytes so as not to pay for 4 gigabytes)

Find out more about budget constraint on:https://brainly.com/question/28635302

#SPJ1

who travels the fastest explain why If two people answer and I see who is correct I will mark them brainlest

Answers

Answer: The jellyfish is faster

5,6 and 10 have a common multiple of 30 so make the denominator 30.

JF ->3/5=18/30

1/6=5/30

WR->5/6=25/30

3/10=9/30

9h-> 25 miles

1h->2.8 miles

5h->18 miles

1h->3.6 miles

The price of an item has been reduced by $2.89.the new sale price is $80.05. What was the original price

Answers

Answer: 82.94

Step-by-step explanation:

Math

82.94


Step bye step instructions

A patient is to receive 0.25 mg of Medication A per kg of body weight per day. If the patient is a 157 lb man, how much medication A will he need?

Answers

The patient needs 17.66 mg of medication A .

Unitary method is "A way of finding a single-unit value from a multi-unit value, and then finding a multi-unit value from a single-unit value."For simplicity, always write what you calculate on the right and what you know on the left.In order to do that, we must first find the value of one thing by division and then find the value of more or fewer things by multiplication.

It is given that a patient has weight 157 lbs.

We apply division because we need to find the cost of one item given the  cost of many items. If you need to find the cost of many items from the cost of one item,  apply the multiplication operation.

We need to convert this weight in kilogram using unitary method , we get      1 pound have = 0.45 kilogram

           157 pound will have [tex]=157\times0.45[/tex]

                                              [tex]=70.65[/tex] kilogram

A patient receive 0.25 mg of Medication A per kg

Using unitary method , we get

  1 kg of body receives = 0.25 mg of medication A

  70.65 kg of body receives [tex]=0.25\times 70.65[/tex]

                                                [tex]=17.66[/tex] mg of medication A

Learn more about unitary method here :

brainly.com/question/24587372

#SPJ9

solve the quadratic equation 3×2-16+5=0​

Answers

Answer:

3×2-16+5=0​

-5=0

Step-by-step explanation:

Step-by-step explanation:

(3)(2)−16+5=0

−5=0

Cadence baked 45 cupcakes on Tuesday. This was 3 more than twice the number of cupcakes she baked on Monday. How many cupcakes did Cadence bake on Monday?

Please give an explanation/step-by-step process on how to solve this. Do not just answer and take points or you will get reported.

Thank you :)

Answers

45-3=42
42/2=21
21=cupcakes Cadence baked on Monday.
I’ll explain it more thoroughly.
“3 more than twice the number of cupcakes baked on Monday.” Those words tell you to subtract 3 from 45 and divide by 2 “twice”.
Hope this helped!

in the following figure what is the value of y in terms of x?

a. x + 80
b. 80 - x
c. x + 100
d. x - 100
f. 100 - x

Answers

X+80 is the answer I think

Determine ratio of A to B. Round as indicated.
A = 18 and B = 3 (Do not round.)
Select one:
a. 1|2
b. 6
с. 1/6
d. 2

Answers

A/B=18/3
=6
Therefore the answer is b

The product of the ages of Sally
and Joey now is 175 more than
the product of their ages 5 years
prior. If Sally is 20 years older
than Joey, what are their current
ages?

Answers

The product of the ages of

Current age of  Sally is  25

Current age of  Joey is  5

Let age of Sally 5 years prior be x

age of Joey 5 years prior be y

Now the age of Sally is x+5

Now the age of Joey is y+5

product of the ages of Sally and Joey now is 175 more than the product of their ages 5 years prior.

(x+5)(y+5)=175+xy

x y + 5x +5y +25 = 175 + x y

5x+5y = 175-25 = 150

x+ y = 30   .. .. ..1

Sally is 20 years older than Joey

x=20+y

Substitute x=20+y in .. . 1

20+y + y = 30

2y=10

y=5

x=20+y=20+5=25

Current age of  Sally is  25

Current age of  Joey is  5

To learn more about product visit https://brainly.com/question/15466311

#SPJ9


Crystal has 25 lollipops. Angie has 12 more lollipops than Crystal.
How many lollipops do the girls have all together?

Answers

Answer:

Both the girls have 62 lollipops

Step-by-step explanation:

25+25=50

50+12=62

Answer:

62 lollipops

Step-by-step explanation:

If Angie has 12 more lollipops than Crystal...

25 + 12 = 37 lollipops

Angie has 37 lollipops and Crystal has 25 lollipops. In total, that is...

37 + 25 = 62 lollipops

A country with a population of 2.1 million experiences 4310 fatalities as a result of a virus. What is the fatality rate per 100,000?

Answers

The fatality rate per 100,000 is 205.23.

In mathematics, a rate of something is simply the ratio between two related quantities which are expressed different units. While expressing the units of any rate, the word "per" is used to distinguish the units of the two measurements used to calculate the rate.  

Here, we are given that a country has a population of 2.1 million.

2.1 million can be written as- 2,100,000

The number of fatalities experienced by the country = 4,310

This means that there where 4,310 fatalities per 2.1 million of the population.

The number of fatalities per 100,000 will be given as-

4,310/ 2,100,000 × 100,000

expanding it further we get-

4,310/ 21

= 205.23

Thus, the fatality rate per 100,000 is 205.23.

Learn more about rates here-

https://brainly.com/question/119866

#SPJ9

Alyssa works as a sales representative in an electronics store. She earns a fixed daily wage plus a commission on the sales she makes. The table shows her earnings based on the amount of sales she makes in a day.

Total Sales ($) Daily Earnings ($)
0 80
200 110
500 155
800 200
1,200 260
The equation that gives Alyssa's daily earnings based on her total sales is .
When this data is plotted on a graph with a line connecting all the points, the y-intercept of the line represents and the slope of the equation represents .
In this scenario, the y-intercept is .

Answers

The slope of the line relating Alyssa's sales to earnings is given by 0.15,the equation that gives Alyssa's daily earnings based on her total sales is  y = 0.15x +80,the y-intercept of the line represents the part of Alyssa's earnings that doesn't depend on sales. It is Alyssa's fixed daily wage and the y-intercept is 80.

What is slope intercept form of line?

The slope intercept form of a line is y=mx+c, where m is the slope of line.

a) The slope of the line relating Alyssa's sales to earnings is given by

  slope = (change in earnings)/(change in sales)

Using the first two table entries, the slope is calculated as

  slope = (110 -80)/(200 -10) = 30/200 = 0.15

The first entry in the table shows the y-intercept, the value of earnings (80) for zero sales. The slope-intercept form of the equation for a line is

  y = slope*x + y-intercept

To answer the first question, we put the slope and intercept values in the appropriate spots in the equation.

The equation that gives Alyssa's daily earnings based on her total sales is  y = 0.15x +80

b) The y-intercept of the line represents the part of Alyssa's earnings that doesn't depend on sales. It is Alyssa's fixed daily wage.

c) The slope of the equation represents Alyssa's commission rate.

d) The y-intercept is 80.

Therefore The slope of the line relating Alyssa's sales to earnings is given by 0.15,the equation that gives Alyssa's daily earnings based on her total sales is  y = 0.15x +80,the y-intercept of the line represents the part of Alyssa's earnings that doesn't depend on sales. It is Alyssa's fixed daily wage and the y-intercept is 80.

To learn more on slope intercept form click:

https://brainly.com/question/28721573

#SPJ1

Other Questions
Describe the best place to put your long term goals. A 7.96 gram sample of silver reacts with oxygen to form 8.55 gram of the metal oxide. What is the formula of the oxide? A spherical balloon is inflated with gas at a rate of 700 cubic centimeters per minute. how fast is the radius of the balloon changing at the instant the radius is 40 centimeters? Describe a time when you were given a responsibility that you were not ready for. Explain in detail. What do phrases like "such as, "for example, and "for instance help the reader find in a text?authors purposedescriptionsauthors opinionmain topics what the sum of 4 15and9 15 Amir has 3 jars of sweets jar a contains 205 sweets jar c contains 175 sweets jar a has the most sweets and jar c has the least number of sweets how many sweets could be in jar b expain how you know this Find the midpoint M of the line segment joining the points C = (-8, -8) and D = (-2, 6)? As the manager of an office supply store, raven seems to be constantly confronted with problems. She tries very hard to create alternative solutions and then evaluate them. Often, raven implements the selected solution, but then another problem arises. She begins to express her frustrations by accusing employees of not fully executing the solution as described in her plan. What style of decision making does raven use?. Which expression is equivalent to -75.4+ (-63.4)75.4+(63.4) At a certain instant a moving object comes tomomentary rest.Is that object accelerating at that moment? 18. The builder banged on the wall and said, "The building is as solid as a rock." (two answers) * 1 pointOA. SimileOB. MetaphorOC. HyperboleOD. AlliterationO E. AllusionOF. OnomatopoeiaOG. PersonificationOH. Idiom what were some of the causes of the battle of manila bay What is the most likely reason for the use of sensory language in this line from "The Road Not Taken", by Robert Frost?"Two roads diverged in a yellow wood" (1)to create a contemplative mood for the readerto establish the setting in a forest during autumnto sound intelligent to the readerto form the narrator's identity Match the Polymer to the macromolecule DNA Enzyme Triglyceride Polysaccharide A. Protein B. Lipid C. Nucleic acid D. Carbohydrate How have trade routes influenced human settlement? Explain the settlement of one city. Please help!!! Your reading assignment lists possible errors that can occur when conducting an experiment. Which of the following would be a possible error?a) Humans making exact measurements when conducting experiments. b) Humidity and temperature in the room may influence equipment c) Making sure all equipment is clean and calibrated (carefully adjusted) Dezvoltati unul dintre in text coerent,pentru a convinge o persoana sa finanteze aceasta excursieAdministratia gimnaziului/liceuluiAdministratia publica locala(primaria)Un eventual sponsoragent economic Simplify each rational expression. State any restrictions on the variables. 49-z / z+7 How long did it take to extinguish all the flames from the 9/11 attacks on ground zero? 3 days.