Mia wants to borrow £6000 and repay it, with interest, after two years. she sees two offers for loans: offer 1 compound interest 3% per year offfer 2 compound interest first year 1% second year 3% mia says, iwill payback the same amount because the average of 1% and 5% is 3% is she correct?

Answers

Answer 1

Answer:

she is wrong, offer 2 results in lower interests

Step-by-step explanation:

total amount paid if offer 1 is accepted:

$6,000 x (1 + 3%)² = $6,000 x 1.0609 = $6,365.40

she will pay $365.40 in interests

total amount paid if offer 2 is accepted:

($6,000 x 1.01) x 1.05 = $6,060 x 1.05 = $6,363

she will pay $363 in interests

Compounding interest refers to interest that earns more interest itself, e.g. in the first offer, the $180 of interests charged for the first year will earn $5.40 in extra interests. While offer 2 only charges $60 in interests during the first year which will in turn earn $3 of interests. The difference between both offers is that interest charges in offer 1 earn more interests than the interest in offer 2 = $5.40 - $3 = $2.40


Related Questions

GIVING BRAINLIEST AFTER TWO ANSWERS ARE GIVEN!!! WILL CHOOSE THE BEST ONE!!! ( the answer is either yes or no )

Answers

Answer:

No

Step-by-step explanation:

The first triangle slope is 12 [tex]\sqrt{37}[/tex] while the second one is 24[tex]\sqrt{37}[/tex] . In order to be on the same line both slopes have to be the same

Find the slope-intercept equation of the line that
passes through (0, 2) and has a slope of 1/2

Answers

Answer:

1/2

Step-by-step explanation:

There are 57 balls in a bucket. The balls are numbered from 1 to 57. One ballis randomly selected from the bucket.
What is the probability that ball #54 is chosen?

Answers

Answer:

1/57

Step-by-step explanation:

A slow baot to China travels at a constant speed of 17.25 miles per hour for 200 hours. How far was the voyage

Answers

Distance = rate x time

Distance = 17.25 x 200

Distance = 3,450 miles

Answer: the answer is 3450

Step-by-step explanation:

-2x-8=-6x÷4 please show me the steps

Answers

Answer = -16


I have attached a picture below

Which function translates each point on the graph of y=mx+b so that the slope of the segment from the original point to the translated point is 4/3?

Answers

Answer:

awnser my question

Step-by-step explanation:

nkkeneneii3

Find the slope of the line that passes through each pair of points. A(2, 5) B(3, 1)
Brainliest question​

Answers

Answer:

y=-4/1x-13

Step-by-step explanation:

5-1/2-3

5-1 ( 4)

2-3 (-1)

y=-4/1x+b

5=-4/1(2)+b

5=-8+b

b=-13

y=-4/1x-13

Hope this helped, have a Wonderful Day!!

Please anyone answer it’s a time limit please answer please please help anyone please.

Answers

Answer:

(-3,-8)

Step-by-step explanation:

I would explain but that would take too much time.

Answer:

3-8

Step-by-step explanation:

Karen purchased a prepaid phone card for $15. Long-distance calls cost 19 cents a minute using this card. Karen used her card only once to make a long-distance call. If the remaining credit on her card is $12.91, how many minutes did her call last?

Answers

Answer:

I am pretty sure the answer is 11 minutes and the cost was $2.09

Step-by-step explanation:

Ihope this helps you:)

Step-by-step explanation:

Ok so we start with $15 now the remaining amount is $12.91, so let's substract

15.00 - 12.91 = 2.09

Alright now I must work with this number, since every minute used on the call is 19 cents, i must divide 2.09 to see how many 19 cents fit into this number

2.09 / 0.19 = 11

So she lasted talking or in this call 11 minutes....

I hope this helps!

Please help i dont get this!

Answers

Answer:

The other one is -8 this is because the point on the graph is multiplied by 2

Step-by-step explanation:

what is the value of y?
9y=28–5y

Answers

Answer:

y=2

Step-by-step explanation:

add the -5y over and you get 14y=28

then divide by 14 on both sides and you get y=2

Answer:
y = 2

Explanation:
9 (x 2) = 28 - 5 (x2)

What is the constant of proportionality for the relationship shown in this table?

x 1 2 3 4
y 4 8 12 16

14

4

8

16

Answers

Answer:

4

explanation:

I took the test

The constant of proportionality  is 4.

What is constant of proportionality?

The constant value of the ratio between two proportional quantities is the constant of proportionality. When either their ratio or their product gives a constant, two varying quantities are said to be in a relation of proportionality. The type of proportion between the two given quantities determines the value of the proportionality constant: Variation in both a direct and inverse manner.

given relation

x 1  2  3  4

y 4 8 12 16

the equation is

y = 4x

1 * 4 = 4

2 * 4 = 8

3 * 4 = 12

and so on...

Hence the constant is 4.

Learn ore about constant of proportionality;

https://brainly.com/question/29126727

#SPJ2

If AABC = ADEC,
ZB = 2x, ZC = 48°, and ZD = 740
A
D
00
E
x = [?]

Answers

Answer:

x=29

Step-by-step explanation:

i believe this is the most recent question to which you requested an answer. Well here you go.

The angle at D equal to the angle at A

If so,the

2x+48+74=180

2x+122°=180°

2x=180°-122°

2x=58°

x=58/2=29

Unit 7 homework 1: Gina Wilson answer key
Does any one have the anwerkey?

Answers

The values for x are:

question 15 ⇒x=8

question 16⇒x=19

question 17⇒x=14

Here you should apply your knowledge about regular polygons. The question asks the values of x that is a variable for some interior angles. Then, you will find x from the sum of interior angles of each regular polygon.

Sum of Interior Angles of Regular Polygon

There is a formula that relates number of sides polygon with its sum of interior angles. See below.

                                 S=(n-2)*180°

S=sum of interior angles of regular polygon.

n=number of sides of regular polygon.

Exercise 15

First, you should find the value for the sum of interior angles. Here, the regular polygon has 4 sides. Then,

                                 S=(n-2)*180°

                                 S=(4-2)*180°

                                 S=2*180°=360°

Note that only 3 interior angles are shown in the figure. Nonetheless, the question gives an external angle (71°). Thus, the internal angle will be: 180-71=109°. This is because the interior and exterior angles are supplementary.

Next step, sum of interior angles for finding x

                                  [tex]10x+6+13x-2+109+8x-1=360\\ \\ 31x=360-112\\ \\ 31x=248\\ \\ x=\frac{248}{31} =8[/tex]

                                      x=8

Exercise 16

First, you should find the value for the sum of interior angles. Here, the regular polygon has 6 sides. Then,

                                 S=(n-2)*180°

                                 S=(6-2)*180°

                                 S=4*180°=720°

Next step, sum of interior angles for finding x.

                   [tex]90+9x-19+7x+3+111+5x+8+128=720\\ \\ 21x=720-321\\ \\ 21x=399\\ \\ x=\frac{399}{21} =19[/tex]

                   x=19

Exercise 17

First, you should find the value for the sum of interior angles. Here, the regular polygon has 5 sides. Then,

                                 S=(n-2)*180°

                                 S=(5-2)*180°

                                 S=3*180°=540°

The image of the question shows the sides are congruent, consequently, the angles are equal.

Next step, sum of interior angles for finding x.

                    [tex]9x-18+9x-18+9x-18+9x-18+9x-18=540\\ \\ 45x=540+90\\ \\ 45x=630\\ \\ x=\frac{630}{45} =14[/tex]

                     x=14

Read more about sum of interior angles here:

https://brainly.com/question/1592456

question is attached!​

Answers

y=x-5
inverse means swapping x and y
x=y-5
y=x+5
Therefore inverse function is y=x+5

Plz help me with this and with an explanation and I’ll give brainliest

Answers

Answer: Your answer would be -8

Step-by-step explanation:

You have to divide each side by factors that doesn't contain the variable.

Hope this helped you! <3

Find the monthly finance charge for an average daily balance of $145.59 and annual percentage rate of 24%
a. $29.11
b. $291.18
c. $2.91
d. $34.94

Answers

Answer:

d. $34.94

Step-by-step explanation:

the monthly finance charge = (24 * 145.59) /100 = $34.94

What is the domain of f?
Chose 1 answer:

Answers

D is the right answer

What is 2x + 2 when x = 0? A 0 B 2 C 20 D 22

Answers

Answer:

B. 2

Step-by-step explanation:

Step 1:

2x + 2          Equation

Step 2:

2 ( 0 ) + 2        Input x value

Step 3:

0 + 2        Multiply

Answer:

B. 2

Hope This Helps :)

Answer:

B

Step-by-step explanation:

aye wassup. what do yall want for christmas?

Answers

Answer:

Mafia Ii definitive edition for my ps4 and thats it lol  ;p

Step-by-step explanation:

Answer:

I want a burrito plushie. Which I already got lol

Step-by-step explanation:

The following system of equations intersects at one point. What is the y-coordinate of this point? y = -x-1 3x - 2y = 1​

Answers

Answer:

-3

Step-by-step explanation:

Find the volume of a right circular cone that has a height of 17 m and a base with a circumference of 6.3 m.

Answers

Answer:

The volume of the right circular cone is approximately 17.9 m³

Step-by-step explanation:

The given parameters of the cone are;

Height = 17 m

Circumference of the base, C = 6.3 m

The circumference, C, of a circle is given by the formula, C = 2×π×r

Therefore, we have;

C = 6.3 m = 2×π×r

r = 6.3/(2 × π) ≈ 1.002676

The volume, V, of a cone is given by the following formula;

[tex]V = \dfrac{1}{3} \times \pi \times r^2 \times h[/tex]

Where;

r = The radius of the base ≈ 1.002676

h = The height of the cone = 17 m

[tex]V = \dfrac{1}{3} \times \pi \times 1.002676^2 \times 17[/tex]

V = 1/3 × π × (1.002676 m)² × 17 m ≈ 17.89776 m³ which by rounding up to one decimal place is 17.9 m³

The volume of the right circular cone, V ≈ 17.9 m³.

20 divided 740
with remainder
and don't use calculator it wont work

Answers

Answer:

the answer it is 740 R 0

Step-by-step explanation:

0 3 7     this is the answer

__________________

2 0 7 4 0

 − 0

            ____    

   7 4  

 − 6 0

             _______  

   1 4 0

 − 1      4       0

          _____________

       0

ω• Hewo fren!

☆☆●◉✿Answer:✿◉●☆☆

37 with no remainder.

☆☆●◉✿Step-by-step explanation:✿◉●☆☆

The reason it doesn’t show on the calculator is because it has no remainder (but it is true that some calculators don’t show remainders...)

HOPE I HELPED!  ∧∧

→⇒brainliest please? ∑(OΔO )♥♥︎

Question 2 of 20
Which of the following is the range of the function based on the input-output
table below?
Hours
of training
5
10
15
Pay
per month
1100
1200
1300
20
1400
25
1500
30
1600
1700
35
A. (1100, 1200, 1300, 1400, 1500, 1600, 1700}
B. 1700, 35,1600, 30, 1500,25)
C. (5.10, 15, 20, 25, 30, 35)
D. (5, 1100, 15.1200, 25, 1300)

Answers

Given:

The function on the Input output table.

To find:

The range of the given function.

Solution:

We know that, range is the set of output values.

From the given table it is clear that, hours of training is the input variable and pay per month is the output value.

So, range of the given function is the set of pay per month.

Range = {1100, 1200, 1300, 1400, 1500, 1600, 1700}

Therefore, the correct option is A.

-3.6h = -10.8
what's h​

Answers

Answer: 3

Step-by-step explanation:

Given 3m+6n-6 when m=4 and n=3. I need help with this

Answers

Answer: 24

Step-by-step explanation:

Since we are given the value for m and n, we can plug them in and solve the expression.

3(4)+6(3)-6          [multiply]

12+18-6                [add]

30-6                     [subtract]

24

Now, we know the value of the expression is 24.

I need help with number 20 please help!!!

Answers

It can possibly be 20/1

Hi! Please help me solve this:

How did the temperature change if:
at first it decreased by 10% and then by 30%?
(I need the percent value)

Answers

Answer

by 20%????

Step-by-step explanation:

Which is an equation?
A) 6 - x
B) 3/4 x + 2
C) 12(7 - 3)
D) 6x - 6y - 6z

Answers

Answer:

12(7 - 3)

Step-by-step explanation:

All the other do not equal anything.

Write 2 4/7 as an improper fraction.

Answers

Answer:

18/7

Step-by-step explanation:

Convert the mixed number 247 2 4 7 into an improper fraction first by multiplying the denominator (7) by the whole number part (2) and add the numerator (4) to get the new numerator. Place the new numerator (18) over the old denominator (7) .

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