A youth group earns $600 for charity and decides to put it in a bank. Calculate the amount of money the group will have for each scenario.

Part A chase bank pays simple interest at 5% and the group leaves the money for 5 years
part B witney bank pays an interest rate of 4% compounded annually and the group leaves the money for 6 years

Answers

Answer 1

Based on the types of compounding and the interest rates, the following are true:

Part A - The group will have $750Part B - The group will have $759.19

When using simple interest, the amount the group will have is:

= Amount x ( 1 + rate x number of years )

= 600 x ( 1 + 5% x 5)

= $750

When using compound interest, the group will have:

= Amount x ( 1 + rate) ^ Number of years

= 600 x ( 1 + 4%)⁶

= $759.19

In conclusion, compound interest yields more.

Find out more about compound interest at https://brainly.com/question/25263325.


Related Questions

What has a slope of -1/2 and an x intercept of -8

Answers

Answer:

y=(-1/2)(x)-8

Step-by-step explanation:

Since they give the slope and y intercept, you can literally plug it into the equation:

y=mx+b

where m is slope and b is y interecept.

Therefore, we get

y=(-1/2)(x)-8

wahts the gcf and lcm of 18 and 30

Answers

Hey there. So first, to work out the LCM, we need to find the multiples of 18 and 30. We’ll start with 18, and we’ll stop at a reasonable number.

18, 36, 54, 72, 90.
30, 60, 90, 120.

Already we notice that 90 is the smallest multiple that is evident in both numbers. So 90 is your LCM.

Now for the GCF, we want to begin by creating a factor tree for 18 and 30. I found one on the internet so it’s easier to view.

When finding the GCF, you want to circle all the prime numbers you have, so in this case, for 18, we have 2 x 3 x 3. They’re all prime.

For 30, we have 2 x 3 x 5. They’re all prime.

If we now circle the numbers that are common in both so we have (2) in 18 and 30, and we have (3) in 18 and 30. We are left with 5 and 3, ignore them for now. Because we managed to circle 2 and 3, if we multiply them together, we get 6. So the GCF of 18 and 30 is 6. And the LCM of 18 and 30 is 90.

Sorry if this sounds confusing, i tried my best.

Help!! And stop with the links!!!!!

Answers

Answer:

  3, 5, 2, 1, 4

Step-by-step explanation:

In step 2, parentheses are eliminated: distributive property.

In step 3, x is subtracted: subtraction property.

In step 4, 12 is added: addition property.

In step 5, the equation is divided by 17: division property.

__

The properties are listed in the order of statements ...

  3, 5, 2, 1, 4

Javi Used to ride his bike 1.65 miles to school his family recently moved and now he only has to ride his bike 1.25 miles to school what is the percent decrease in the distance that javi has to ride to school round to the nearest tenth.

Answers

Answer:

  24.2% decrease

Step-by-step explanation:

The distance Javi must ride changed by ...

  1.25 -1.65 = -0.40 . . . miles

The ratio of that to the original distance is ...

  -0.40/1.65 × 100% ≈ -24.2%

The distance decreased by 24.2%.


I’m very smart. My hair is dark. I love to eat honey, insects, and bark.

Answers

Answer:

the answer to the riddle is black bear

Step-by-step explanation:

hope it helps can I have brain for trying? :))) bless u have a great day/evening

Answer:

the other guy is right it's black bear bears love honey and only one bear is black and thats the black bear

Step-by-step explanation:

Please Help ill give brainliest!!!! Help ASAP
Question: Whose puppy gained weight the slowest? How much did it gain per week?

Answers

Answer:

Camille's puppy gained weight the slowest, because her graph does not increase as rapidly as Amit's graph. The puppy's weight increases by .5 pounds every week.

Step-by-step explanation:

Need help ASAP! Solve for x. Problem in picture;)

Answers

What exactly is we supposed to do?

I'll answer it after u answer my question

Answer:

x=40

Step-by-step explanation:

46+57=103

180-103=77

180-162=18

180-58=122

122+18=140

140+x=180

x=40

PLS ANSWER AND I WILL MARK AS BRAINLIST

Answers

Answer:

the correct answer is -8

Step-by-step explanation:

Raise -2 to the power of 3.

Answer:

Step-by-step explanation:

(-2)*(-2)*(-2) = -8

what is 850000+21195=

Answers

Answer: 871195

Step-by-step explanation:

combine over common denominator 2/3a + 1/3 - 4/a

Answers

It’s would be 3a


Mark as brainliest

Pls help me it’s due at 12:00

Answers

Step-by-step explanation:

# easy learning

good luck and god Blees

Ok done. Thank to me :>

Question 3 Multiple Choice Worth 4 points) (03 02) A fish is 5 feet below the surface of a lake if its position can be recorded as -5 feet what would the position of o representa o the distance above the surface of the lake O the distance below the surface of the lake O the surface of the lake me height of the fish​

Answers

Answer:

omg u a real one been lloking for this bing bong

Step-by-step explanation:

What temperature does the thermometer show?

Answers

Answer:

-2°C is the answer

Step-by-step explanation:

Hope this helps:)

If Ambrea deposits $4000 in the bank and there is a 3% interest rate, how long will it take her to save $7000

Answers

Answer:

I believe the answer is 25 years

Step-by-step explanation:

3% of 4000 is 120

3000 divided by 120 is 25

Answer:

25 years

Step-by-step explanation:

So you have $4000, with a rate of 3% interest.

You want to see how long it takes to save up to $7000.

Do,

3% of $4000 is $120.

It takes a year to get a interest.

And you need $3000 dollars.

Now do 3000 ÷ 120.

You get 25.

solve pls brainliest

Answers

Answer:

a) 45 minutes

b) 2 miles

c) 8 miles per hour

d) 7.5 minutes per mile

Step-by-step explanation:

a) (150/20) x 6 = 45 minutes

b) (20/150)(15) = 2 miles

c) (20/150)(60) = 8 miles per hour

d) 150/20 = 7.5 minutes per mile

20 miles in 150 minutes = 20/150 miles per minute = 2/15 miles per minute

distance/speed = time

6 miles / (2/15) miles per minute = 45 -> 45 minutes

time*speed=distance

15 minutes * 2/15 miles per minute = 2 miles

Her speed, 2/15 is in miles per minute. To convert to miles per hour, you multiply by 60 (60 minutes in an hour). 2/15*60=8 miles per hour

minutes per mile = 150 minutes for 20 miles = 150/20=15/2 minutes per mile

15/2=7.5

7.5 minutes per mile

Please show step by step need it now

Answers

Answer:

x = 6+3y

y = y (any number)

the rest should follow the same steps

Step-by-step explanation:

2x-6y=12 -> divide both sides by 2 (GCF)

x-3y = 6 -> solve for x, because it has 1 as its coefficient, or the lowest coefficent

x = 6+3y

-5x+15y=-30 -> divide both sides by 5

-1x+3y=-6 -> plug in x from previous equation

-(6+3y) + 3y = -6

-6-3y+3y = -6

y = y

given f(x)=1/4(5-x)2 what is the value of f(11)

Answers

Answer:

f(x)=1/4(5-x)²

Step-by-step explanation:

f(11)=1/4(5-11)²

1/4(-6)²

1/4(36)

=9

Answer:

=9

Step-by-step explanation:

;0

elise gets a free tax allowance of $6000 and pays tax at 25% on the next $20 000. she pays tax at a raye of 30% on the rest. if she earns $72 000per year, how much must she pay?​

Answers

Answer:

c

Step-by-step explanation:

i know because im not g.a.y like u guys

75 is 12 more than a number k.

Answers

Answer:

So k is 75-12=63

Answer:

63

Step-by-step explanation:

subtract 75 from 12

How to solve for x using the equation: 12 = -4 (- 6x - 3)

Answers

I don’t know how to explain it so I am just giving the equation

12=-4(-6x-3x)
Divide both sides by 4
12/4=-4(-6x-3x)/4
3=-4(-6x-3x)/4
3=-(-6x-3x)
3=9x
9x/9 = 3/9
Divide both sides by 9
x=1/3

A town of population 25,000 grows at a constant rate of 1500 people every year. Find the population after 5 years
40,000
32,500
35,000
32,000

Answers

the answer is 32,500

Is mLBAF = mLCEF? Explain.






Than you

Answers

[tex]\huge \bf༆ Answer ༄[/tex]

The Angles BAF and CEF are equal to one another, because they form pair of Alternate Interior Angles ~

So, the Correct choice is ~

Yes, They are Alternate interior Angles

[tex]꧁  \large \sf{itz0kaul } \: ꧂[/tex]

Three cups and four plates cost $18. Five cups cost $10.
All the cups cost the same and all the plates cost the same.
What is the ratio of the cost of a cup to the cost of a plate?

Answers

Answer:

the cups cost 2$ the plates cost 1.50$

Step-by-step explanation:

(2/5)2 × 100 ÷ 23 + [24 ÷ (13 – 5)] =_____

Please help quick!
Thanks!

Answers

Answer:

Step-by-step explanation:

=(2/5)2 ×100÷23+[24÷8]=(2/5)2×100÷23+3=16÷23+3=16/23+3=85/23final result:⇔(2/5)2×100÷23+[24÷(13-5)]=85/23

help please i dont want to fail

Answers

76, g(8) = 63+12 which equals 76

Type the correct answer in each box. Use numerals instead of words.

Answers

Step-by-step explanation:

A

let's bring everything on the right hand side back under the square root :

8² = 64

(x³)² = x⁶

so, we get

sqrt(448x^c) = sqrt(64×7×x⁶×x) = sqrt(448×x⁷)

therefore, c = 7

B

similar to A let's bring everything on the right side under the cubic root :

4³ = 64

(x)³ = x³

cubic root(576x^d) = cubic root(64×9×x³×x²) =

= cubic root(576×x⁵)

therefore, d = 5

Simplify using order of
operations.
53 + 28 : 7-1

Answers

Step-by-step explanation:

53 + 28 =81

7-1=6

81:6

÷3 both side

27:2

Lowest form is 27:2

Latoya took a taxi home from her best
friends house. The taxi charged an initial
fee of $3 plus an additional $1.75 per mile.
write an expression that represents the
amount of money Latoya will spend on
the taxi after traveling x amount of
hours.

Answers

Answer:

y=1.75x+3

Step-by-step explanation:

Using slope-intercept form, we can use our initial value of 3, plus our 1.75 per mile, or x, since miles are calculated per hour

Answer:

y=1.75x+3

Step-by-step explanation:

Do you mean x amount of miles?  if you do, you would add 3 because 3 is the amount of money that you have to pay no matter how far you go.  You would get 1.75x because the number of miles you travel in the taxi, you would have to multiply that number by 1.75 to get the amount of money you would have to pay in addition to the 3 dollars that you would definitely have to pay.

Geometry please help

Answers

Answer:

  x = 2.5

Step-by-step explanation:

The sum of the exterior angles of a convex polygon is 360°.

  120° +55° +65° +40° +(32x)° = 360°

  32x = 80 . . . . . divide by °, subtract 280

  x = 2.5 . . . . . . divide by 32

PLEASEEEE HELPPPPPP ASAPPPPP

Answers

Answer:

7.07

Step-by-step explanation:

Angle M is 63 degrees because all 3 angles must add to 180.  

Now use the law of sines:  

sin(90)/x = sin(63)/6.3  

Cross multiply: 6.3 sin (90) = x sin (63)  

Divide by sides by sin (63): (6.3 sin (90))/sin (63) = x  

Use a calculator: 7.07

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