Jackson invested $81,000 in an account paying an interest rate of 6\tfrac{1}{2}6
2
1

% compounded monthly. Angel invested $81,000 in an account paying an interest rate of 7\tfrac{1}{8}7
8
1

% compounded quarterly. After 16 years, how much more money would Angel have in his account than Jackson, to the nearest dollar?

Answers

Answer 1

Answer:22215

Step-by-step explanation: got it from delta math

Answer 2

After 16 years Angel would have amount $22942 more money in his account than Jackson.

What is compound interest?

Compound interest is the interest you earn on interest. Compound interest is the interest calculated on the principal and the interest accumulated over the previous period.

For the given situation,

Investment of Jackson, p = $81000

Rate of interest, r = 6 1/2%

⇒ [tex]6.5\% = 0.065[/tex]

Interest is compounded monthly, so n = 12

Number of years, T = 16

Investment of Angel, p = $81000

Rate of interest, r = 7 1/8%

⇒ [tex]7.125\% = 0.07125[/tex]

Interest is compounded quarterly, so n = 4

Number of years, T = 16

The formula of amount in compound interest is

[tex]A=p(1+\frac{r}{n} )^{nT}[/tex]

Jackson's amount after 16 years,

⇒ [tex]A=81000(1+\frac{0.065}{12} )^{(12)(16)}[/tex]

⇒ [tex]A=81000(\frac{12.065}{12} )^{192}[/tex]

⇒ [tex]A=81000(1.0054)^{192}[/tex]

⇒ [tex]A=81000(2.8123)[/tex]

⇒ [tex]A=227798.13[/tex]

Angel's amount after 16 years,

⇒ [tex]A=81000(1+\frac{0.07125}{4} )^{(4)(16)}[/tex]

⇒ [tex]A=81000(\frac{4.07125}{4} )^{64}[/tex]

⇒ [tex]A=81000(1.0178)^{64}[/tex]

⇒ [tex]A=81000(3.0955)[/tex]

⇒ [tex]A=250739.62[/tex]

After 16 years, how much more money would Angel have in his account than Jackson is

⇒ [tex]250739.62-227798.13[/tex]

⇒ [tex]22941.49[/tex] ≈ [tex]22942[/tex]

Hence we can conclude that after 16 years Angel would have $22942 more money in his account than Jackson.

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Related Questions

What is the measure of angle x

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Answer: 95



Proof:
35+50=85 180-85=[95]

16ft by 24ft what is the are?

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I’m assuming you’re talking about area...

16ft x 24ft = 384ft

Tim spent $8.16 on 12 pounds
of Sweet-smarts. How much is one
pound of Sweet-smarts?

Answers

Answer:

1.47058823529

Step-by-step explanation:

Round if needed

Answer:

Tim is gonna get diabetes >:(

Step-by-step explanation:

but your answer is .68 cents lol

Select the correct answer.
What is the corresponding point on the unit circle for the given radian measure?

Answers

Answer: A. -sqrt (3)/2, 1/2

To get from radians to degrees, you replace the pi symbol with 180° and solve

So, (5 • 180) / 6 = 150°

150° makes a 30° angle, as the nearest x axis is the negative x axis at 180°.

As we know, a 30°, 60°, 90° triangle has sides sqrt(3)/2 and 1/2.

Since the 30° angle is on the x axis, sqrt(3)/2 will be the x value and 1/2 will be the y value. And since the triangle is in the negative x, positive y quadrant, 1/2 will be positive and sqrt(3)/2 will be negative. Giving you (-sqrt(3)/2, 1/2)

What is sin49° to the nearst tenth

Answers

Answer:

The sin of 49 degrees is 0.75471.

Step-by-step explanation:

To obtain 49 degrees in radian multiply 49° by  pi/ 180° = 49/180pi. Sin 49degrees = sin (49/180 × pi) .

Find an equation for the line below.

Answers

Answer:

Slope = ⅓

Step-by-step explanation:

Slope (m) = change in y/change in x

Using two points on the line, (-5, 1) and (1, 3),

Change in y = 3 - 1 = 2

Change in x = 1 - (-5) = 6

Slope (m) = change in y/change in x = 2/6

Slope = 1/3

5. Carlotta's Beauty Supply store sells two brands of bar soap. A 6 pack of Brand A costs
$6.78 and an 8 pack of Brand B costs $8.40. What brand is the better buy?

Answers

I think it would be be because you’re actually saving a little bit more amount of money you’re paying a dollar and would say two cent for each bar

angela is seeking a venue for her school’s athletic council banquet.Primo Banquet Hall charges $2000 plus $50 per person.The Lookout Banquet Hall charges $1500 plus $75 per person.
a)write an equation to represent each banquet hall
b)when do both halls charge the same amount
c)which hall should angela choose?explain indicating intervals

Answers

I think answer is B...

Help me please! :Will give brainliest!:

Answers

Answer:

Step-by-step explanation:

Anything that is multiplied greater than 1 will be greater than what the other factor is. You are correct!

Answer:

B, 2 5/6 x 2 5/6

Step-by-step explanation:

This is the only answer that is greater than 2 5/6

Compare y= -3x + 2 and x - 3y = 9.

Answers

use Photomath and get your answer

What is the value of C in the matrix equation below

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I cannot see the equation

Which of the following tables shows that y is a function of x?

Answers

Answer:

Table B

Step-by-step explanation:

Recall: a table of values can only represent a function if and only if every x-value has exactly only one y-value.

The only table that satisfies this condition is the table in option B.

In table B, every x-value is related to only exactly one y-value.

HELPPP PLEASE HELP A GIRL OUT

Answers

Answer:

I am guessing A or C.

Step-by-step explanation:

Hope this helps you :)

Solve for the following by
FACTORING:
x2 + 11x + 28 = 0

Answers

Step-by-step explanation:

(x+7)(x+4)

x = -4 and -7

have a nice night

Answer:

Alternate forms:

(x + 4) (x + 7) = 0

(x + 11/2)^2 - 9/4 = 0

Solutions:

x = -7

x = -4

Step-by-step explanation:

HOPE THIS HELPSSS

I WILL MARK BRAINLIEST! NO LINKS OR IMAGES.

Conducting a survey best fits which step of the statistical process?

Form a question that can be answered by data.
Design and implement a plan that collects data.
Analyze the data using graphical and numerical methods.
Interpret and compare the data.

Answers

Answer:

Design and implement a plan that collects data.

Step-by-step explanation:

Answer:

Design and implement a plan that collects data.

Step-by-step explanation:

Looking at the answer choices, we can use the process of elimination:

1) Form a question that can be answered by data.

2) Design and implement a plan that collects data.

3) Analyze the data using graphical and numerical methods.

4) Interpret and compare the data.

1) The question is most likely already formed, as a survey cannot be conducted without a question or objective. Not 1.

2) A survey collects data.

3) This happens after the collection of data, or the survey. Not 3.

4) This also happens after the collection of data, or the survey. Not 4.

11 x m when m=3

PLSS help

Answers

Answer:

33

Step-by-step explanation:

11 times 3 =33

Find x in each triangle 4 cm 3 cm

Answers

Answer:

5cm

Step-by-step explanation:

What exactly do you mean by x?

The value of x is 5 cm.

What is Pythagoras theorem?

The Pythagoras theorem states that if a triangle is right-angled (90 degrees), then the square of the hypotenuse is equal to the sum of the squares of the other two sides.

The Pythagoras theorem equation is expressed as, c2 = a2 + b2, where 'c' = hypotenuse of the right triangle and 'a' and 'b' are the other two legs. Hence, any triangle with one angle equal to 90 degrees produces a Pythagoras triangle and the Pythagoras equation can be applied in the triangle.

example:

The hypotenuse of a right-angled triangle is 16 units and one of the sides of the triangle is 8 units. Find the measure of the third side using the Pythagoras theorem formula.

Given : Hypotenuse = 16 units

Let us consider the given side of a triangle as the perpendicular height = 8 units

On substituting the given dimensions to the Pythagoras theorem formula

Hypotenuse2 = Base2 + Height2

162 = B2 + 82

B2 = 256 - 64

B = √192 = 13.856 units

Given:

Two sides are 4 cm and 3 cm

Using Pythagoras theorem

x² = 4² + 3²

x² = 16+ 9

x² = 25

x=√25

x= 5 cm

Also, the range of x is in between 1 cm and 7 cm.

Learn more about pythagoras theorem here:

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Find the equation of a line Passing through the
origin so that the tangent of the angle between the
Line in Quadrant I and the positive x-axis is square root of 3 over 3. Also find the angle.
Please also find the Augle.

Answers

Answer:

Step-by-step explanation:

y = 1/2x

the angle is 30°  or in radians  [tex]\pi[/tex]/6

helpp i'll give you brainlyest

Answers

Answer:

D

Step-by-step explanation:

a b and c are not correct by looking at the first value

Answer:

Im guessing its D because i cant see all the options.

Step-by-step explanation:

its the graph that has two dots on 1, three dots on 2, one dot on 3, and four dots on 4.

Please help asap will give brainliest

Answers

Answer:

I cant see the choices

Step-by-step explanation:

FOR BRAINLIST!! and points

Answers

Answer:

A

Step-by-step explanation:

The answer is A. The initial weight is known so it can’t be mutipliy with a variable. We don’t know how many weeks he will lose weight, but we know that the goal is 228 and that he had planned to lose 2 pounds per week

so 2 multiply the weeks, the variable

A plane flies 450 miles with the wind, and 350 miles against the wind (in the same amount of time). If the wind is blowing at 30 mph, how fast would the plane be going without air helping/hurting?​

Answers

Answer: = 240 mph.

Step-by-step explanation:

Let x = speed of the plane.

t= time taken

As per given, we have

[tex]t=\dfrac{450}{x+30}\ \ \ ...(i)\\\\ t=\dfrac{350}{x-30}\ \ \ ...(ii)[/tex]    [Time = distance / speed]

From (i) and (ii), we get

[tex]\dfrac{450}{x+30}=\dfrac{350}{x-30}\\\\\Rightarrow\ 450(x-30)=350(x+30)\\\\\Rightarrow\ 450x-13500=350x+10500\\\\\Rightarrow\ 450x-350x=10500+13500\\\\\Rightarrow\ 100x=24000\\\\\Rightarrow\ x=240[/tex]

Hence, the speed of the plane = 240 mph.

A line that passes through the point (-4,6) with a slope of 2. The equation of that line in slope is y=......... X+?

Answers

Answer:

y=2x-2

Step-by-step explanation:

Pls help with this question pls and thx!

Answers

ANSWERS:

4a= 25/6 or 4.16 and 6 is repeating or 4 1/6

4b= 26

5a= 39.556

5b= 5.4


WHY:

4a= simplify

4b= divide the first expression by the second expression

5a= multiply

5b= divide


MARK ME BRAINLIEST PLEASE

Students in a representative sample of 69 second-year students selected from a large university in England participated in a study of academic procrastination. Each student in the sample completed the Tuckman Procrastination Scale, which measures procrastination tendencies. Scores on this scale can range from 16 to 64, with scores over 40 indicating higher levels of procrastination. For the 69 second-year students in the study at the university, the sample mean procrastination score was 41.00 and the sample standard deviation was 6.85.

Required:
a. Construct a 95% confidence interval estimate of μ, the population mean procrastination scale for second-year students at this college.
b. How does the confidence interval for the population mean score for second-year students compare to the confidence interval for first-year students of (35.447, 38.633)?

Answers

Answer:

a) The 95% confidence interval estimate of μ is (39.35, 42.5).

b) Second-year students tend to procrastinate more than first-year students

Step-by-step explanation:

We have the standard deviation for the sample, which means that the t-distribution is used to solve this question.

The first step to solve this problem is finding how many degrees of freedom, we have. This is the sample size subtracted by 1. So

df = 69 - 1 = 68

95% confidence interval

Now, we have to find a value of T, which is found looking at the t table, with 68 degrees of freedom(y-axis) and a confidence level of [tex]1 - \frac{1 - 0.95}{2} = 0.975[/tex]. So we have T = 1.9955

The margin of error is:

[tex]M = T\frac{s}{\sqrt{n}} = 1.9955\frac{6.85}{\sqrt{69}} = 1.65[/tex]

In which s is the standard deviation of the sample and n is the size of the sample.

The lower end of the interval is the sample mean subtracted by M. So it is 41 - 1.65 = 39.35

The upper end of the interval is the sample mean added to M. So it is 41 + 1.65 = 42.65

The 95% confidence interval estimate of μ is (39.35, 42.5).

b. How does the confidence interval for the population mean score for second-year students compare to the confidence interval for first-year students of (35.447, 38.633)?

The confidence interval for second-year students had higher values both at the lower and the upper end of the interval, which means that they tend to procrastinate more than first-year students

Please can someone help me. It’s not 26, please find X

Answers

I found your exact problem online, I would ask your teacher why the answer is not 26


[tex]8 \div \frac{2}{3} [/tex]
I need this is an improper fraction​

Answers

Answer:

you could just do 12/1 or let 8 turn into 24/3

Step-by-step explanation:

on step 1 we should do reciprocal

on step 2 we should multiply

on third step 3 we should divide

so the answer is 12

Please help meeeee I’m desperate

Answers

Answer: I believe the Big B is 169 and the perimeter is 52

Step-by-step explanation:

Will mark brainliest :) Given vectors u = -9i + 8j and v = 7i + 5j find 2u -6j in terms of unit vectors i and j
(answer choices below vv)

Answers

Answer:

the answer is option number b..

Sherrie just registered for her wedding. So far 6 items have been purchased from her list. Find the MEAN price of the purchased items.

$29, $58, $15, $129, $75, $22

**Round to the nearest tenths EX. 18.6**

Answers

Answer:

54.6

Step-by-step explanation:

29+58+15+129+75+22= 328

328÷6= 54.6666666667

round to the nearest tenth= 54.6

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