ian invested $100 in an account paying an interest rate of 9 1/4% compound daily. Addison invested $100 in an account paying an interest rate of 9 3/8% compounded monthly. After 13 years, how much money would addison have in her account than Ian, to the nearest dollar?

Answers

Answer 1

Answer:

$5.67, or $6 rounded to the nearest dollar.

Step-by-step explanation:

To determine the amount that both Ian and Addison will have in their respective accounts after 13 years, knowing that they both invested $ 100 in accounts with daily compound interest, but Ian did it in one with an interest of 9.25% while Addison did it in one with a interest of 9.375%, the following calculations must be made:

Ian = 100 x (1 + 0.00925 / 365) ^ 13x365

Ian = 332.79

Addison = 100 x (1 + 0.009375 / 365) ^ 13x365

Addison = 338.46

338.46 - 332.79 = 5.67

Therefore, Addison will have $ 5.67 more than Ian after the investment term.


Related Questions

Evaluate the expression when a= 1/4 and b= 6
5b/32a2=?

Answers

Answer:

30/64

Step-by-step explanation:

5b=30

32a=8

8^2=64

=30/64

If fx) = -3x - 5 and g(x) = 4x - 2, find (f - g)(x).

Answers

(f-g)(x) = -3x - 5 - 4x + 2 = -7x -3

For each part below, use the figure to fill in the blank.
If necessary, you may learn what the markings on a figure indicate.

(a) Find .
(b) Find .

Answers

Answer:

Step-by-step explanation:

Need help as soon as possible! :)

Answers

Precipitation:

Precipitation is condensed water vapor that falls back to earth.

Examples: Rain, Snow, Hail, Sleet

Evaporation:

The process of a liquid changing into gas due to an increase of tempurature or pressure.

Transpiration:

Plants absorb water through their roots and then give off water vapor through their leaves.

Accumulation:

Water collects in rivers, lakes, oceans, and other bodies of water or as ice caps or glaciers.

Infiltration:

Water soaks into the soil (not sure abt this one) from the ground level and moves into rocks through cracks and pores.

Surface run off:

Precipitation that reaches the Earths surface, flows over land, and reaches lakes, rivers, and oceans

Condensation:

The process of a gas changing into a liquid due to a decrease in temperature or pressure.

Sublimation:

The process of snow and ice changing into water vapor without first melting into water

The cost to rent a moving truck is a flat fee of $25 plus $0.60 per mile. The equation c = 25 + 0.6m models the cost, c, in dollars for the number of miles, m, traveled in the truck.

Identify the independent and dependent variables.

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Answers

Answer:

The miles travelled is the independent variable.

The cost is the dependent variable.

Step-by-step explanation:

hope this helps ;)

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Answers

Answer:

x=12 Proportion should be 1 2/3

Step-by-step explanation:

To find PT, subtract 26 from 65= 39

26/39 is equal to 2/3, so 30/(4x-3) should also be equal to 2/3

30/(4x-3)=2/3 (Cross Multiply)

30*3=90

2(4x-3)=8x-6

8x-6=90 (Add 6 to both sides)

8x=96 (Divide 8 from both sides)

x=12

QT is equal to 4(12)-3=45

RT is 75

Proportion: 65/39=1 2/3

75/45=1 2/3

Write an equivalent expression to x-9y+ 4.
Choose the correct answer below.
OA. X-9y+4 = 4(x - 9y + 1)
OB. X-9 + 4 = x-(-9y) + 4
OC. X-9y + 4 = x +4 +9y
OD. X-9y+ 4 = x +4+(-9y)

Answers

D. x - 9y + 4 = x + 4 + (-9y)

how many eighths make a quarter

Answers

Answer:

Two Eighths

Step-by-step explanation:

One eighth is one part of eight equal sections. Two eighths is one quarter

1. What is the surface area of this rectangular prism? A. 16 square units B. 32 square units C. 48 square units D. 64 square units Place your answer in the hox​

Answers

Answer:

64 square units

Step-by-step explanation:

8+8+8+8+16+16

An artist painted a group of 40 pictures. For every 8 pictures using light colors, the artist painted 2 using dark colors. How many pictures
were painted with light colors?

Answers

32 I think is the anwser

32

The pattern goes 8 light then 2 dark, so there are 10 in one cycle of the pattern before it repeats.

40/10=4

The pattern repeats 4 times.

If there are 8 dark ones every patter cycle, then 4x8=32 are dark paintings out of the 40 in total.

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Answers

Step-by-step explanation:

The longest side in a triangle is opposite the largest angle, and the shortest side is opposite the smallest angle.

So the smallest angle is <P.

Hope it may help :)

Marge drove 220 miles at an average speed of 55 miles per hour. How many hours did it take her to drive that far? Oh

Answers

Answer:

4 hours

Step-by-step explanation:

220/ 55 = 4

Two trains leave the station at the same time, one heading east and the other west. The eastbound train travels at 75 miles per hour. The westbound train travels at 85 miles per hour. How long will it take for the two trains to be 384 miles apart?
Do not do any rounding.

Answers

Let the time = x

Distance = Speed x time

One train is 75x, the other train 85x

Add together to equal total distance:

75x + 85x = 384

Simplify:

160x = 384

Divide both sides by 160:

x = 384 / 160

x = 2.4 hours

A scale drawing has a scale is 1 inch up 8 feet. The actual length of the object shown is 42 feet. Find it’s length on the drawing.

Answers

Answer:

5.25 inches

Step-by-step explanation:

write the slope x+y=4 I have no idea how to do this

Answers

That’s the answer
Hope it helped

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Answers

Answer:

61

Step-by-step explanation:

because they already have 61 dollars

Write an equation in slope-intercept form:
y-5= 3(x-4

Answers

y = 3x -7 is the slope form .

Answer:

Y = 3x -7 is your answer hope I helped

Step-by-step explanation:

4. The sale price of a bunny doll is $12 after a 40% markdown. What is selling price and
markdown amount?

Answers

The selling price was 20$ and the markdown was 8$. You find that by doing 60/100*x=12 because you are looking for a portion and that portion in this case is 60%.

Nikki dove into a pool and swam underwater. The table shows how her depth changed during a 4-second time period.

Which equation shows the relationship in the table between the time, t, and the depth, d?

Answers

Answer:d

Step-by-step explanation:

The diameter of the circle above is 20 cm. What is the circumference of the circle? (Use = 3.14.)

Answers

Step-by-step explanation:

diameter=20/2,radius=10

circumference of circle=2×pi×radius

circumference of circle=2×3.14×10

circumference of circle=62.8

The probability of Andy passing his driving test
is 30%.
What is the probability that he fails?

Answers

Answer:

70%

Step-by-step explanation:

100% - 30% = 70%

70%

If him passing is 30% then 100-30=70

HELPPPP simplify: 7! = ?

Answers

7! Is 7 factorial which equals 7*6*5*4*3*2*1=5040

The solution of number 7! is,

⇒ 5,040

We have to given that,

To simplify 7! and find its value.

Now, by definition of factorial or a number, we get;

⇒ 7!

⇒ 7 × 6 × 5 × 4 × 3 × 2 × 1

Multiply it,

⇒ 5,040

Therefore, The solution of number 7! is,

⇒ 5,040

Learn more aboput the multiplication visit:

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Which expression is equivalent to 3(x - 2)+2x?
-X
3x
5x - 2
5X-6

Answers

Answer:

D

Step-by-step explanation:

3(x-2)+2x=3x+2x-6=5x-6

Find the distance d(P1,P2) between the given points P1 and P2 P1=(0,0) P2=(7,6)

Answers

Answer:

The distance of given two points

d( P₁, P₂)   [tex]= \sqrt{85}[/tex]   = 9.219

Step-by-step explanation:

Explanation:-

Given points are  p₁ ( 0,0)  and p₂ ( 7,6)

The distance formula of given points are

     d   =  [tex]\sqrt{(x_{2}-x_{1} )^{2} +(y_{2} -y_{1})^{2} }[/tex]

     d  =    [tex]\sqrt{(7-0 )^{2} +(6 -0)^{2} } = \sqrt{49 +36}[/tex]

    d = [tex]\sqrt{85}[/tex]

   d  [tex]= \sqrt{85}[/tex]

Rationalize the denominator and simplify 6/√2-√3

Answers

Answer:

Step-by-step explanation:

[tex]\frac{6}{\sqrt{2} - \sqrt{3} } * \frac{\sqrt{2} + \sqrt{3} }{\sqrt{2} + \sqrt{3} }[/tex]

[tex]\frac{6\sqrt{2} + 6\sqrt{3} }{2-3}[/tex]

[tex]-6(\sqrt{2} + \sqrt{3} )[/tex]

The fraction after rationalizing the denominator is given by the equation

A = -6 ( √2 + √3 )

What is a Fraction?

An element of a whole is a fraction. The number is represented mathematically as a quotient, where the numerator and denominator are split. Both are integers in a simple fraction. A fraction appears in the numerator or denominator of a complex fraction. The numerator of a proper fraction is less than the denominator.

Given data ,

Let the fraction be represented as A

Now , the value of A is

A = 6 / ( √2 - √ 3 )   be equation (1)

Now , on simplifying the equation , we get

To rationalize the denominator of the fraction ,

Multiply the denominator by its conjugate ,

So , the conjugate of ( √2 - √ 3 ) = ( √2 + √ 3 )

Multiplying the numerator and denominator of the fraction by ( √2 + √ 3 )

A x ( √2 + √ 3 ) / ( √2 + √ 3 )

Substituting the values in the equation , we get

[ 6 / ( √2 - √ 3 ) ] x ( √2 + √ 3 ) / ( √2 + √ 3 )

On simplifying the equation , we get

6 ( √2 + √ 3 ) / ( 2² - 3² )

So , the value of A is A = 6 ( √2 + √ 3 ) / ( -1 )

A = -6 ( √2 + √ 3 )

Therefore , the value of A is A = -6 ( √2 + √ 3 )

Hence , the equation A = -6 ( √2 + √ 3 )

To learn more about fractions click :

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Estimate: 98.4 ÷ 8.8

Answers

Answer:

11.1

Step-by-step explanation:

Answer:

If we are estimating, it would be about 98 ÷9 = 10.8 or 11 if you round up

Step-by-step explanation:

hope this helps

Sarah has 23 apples she divides them into 15 places what is the fraction of the apples she has left?

Answers

8/23 is the answer ... well that is all .. brainly asks me to write at least twenty letters so that is why i typed this much out of rage ... mark it the brainly that would make me happy when i check my phone before sleeping at night
The answer is 1 5/8, because 1 times 15 is 1, which leaves 8 left.

Mikiyah invested $2,500 in a simple interest account for 2 years.At the end of the years she has earned $75 in interested.What was the simple interest rate of this account?

Answers

Answer:

1.5%

Step-by-step explanation:

This table shows direct variation. Find k.

Answers

Answer:

k=2/3

Step-by-step explanation:

As said, this table shows direct variation. The equation is y=kx.

we can solve the equation to isolate the variable to see what the equation is to find k.

divide by x on both sides

y/x=k

that means that k is y/x

so we can divide 2/3 for example. Or 4/6 and see it simplifies to 2/3. You can do this for the other numbers to see that they are all equal to 2/3

That means that k is 2/3

Hope this helps!

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Answers

Answer:

first one answer is 4 second one answer is 0

Answer:

8.9

Step-by-step explanation:

Distance Equation Solution:

d=(7−3)2+(6−(−2))2−−−−−−−−−−−−−−−−−−√

d=(4)2+(8)2−−−−−−−−−√

d=16+64−−−−−−√

d=8–√0

d=8.9

Hope this helps you!

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