Monica deposits ​$400 into a savings account that pays a simple interest rate of ​4.3% .Paul deposits ​$500 into a savings account that pays a simple interest rate of ​%4.2 Monica says that she will earn more interest in 1 year because her interest rate is higher. Is she​ correct? Justify your response.

Answers

Answer 1

Monica was wrong she will get less interest than Paul as Paul has invested a higher Principal amount than Monica.

What is simple interest?

Simple interest is based on the principal amount of a loan or the first deposit in a savings account.

                         [tex]A = P (1 + rt)\\\\A $ = final amount$\\P $ = initial principal balance$\\r $ = annual interest rate$\\t $ = time (in years)$[/tex]

Given that:

For Monica:

Principal (p) = $400

Rate (r) = 4.3% = 0.043

Year (t) = 1 year

Deposit Paul:

Principal = $500

Rate (r) = 4.2%  = 0.042

Year (t) = 1 year

Now calculate the interest amount for Monica and Paul, we get

For Monica:

             A = P(1 + rt)

             A = 400(1 + (0.043 × 1))

             A = 417.2

             A = $417.20

Now for Monica, Interest will be

           I = A - P

             = 417.20 - 400

           I = 17.20 dollars -----------(II)

For Paul:

             A = P(1 + rt)

             A = 500(1 + (0.042 × 1))

             A = 521

             A = $521 dollars

Now for Paul, Interest will be

           I = A - P

             = 521 - 500

           I = 21 dollars ---------------(II)

From (I) and (II), we can say that Paul will earn more interest than Monica.

Hence, Monica was wrong she will get less interest than Paul as Paul has invested a higher Principal amount than Monica.

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Related Questions

help me pls plz please teachers math simple math lol ok smart wow cool points brainly tiktok

Answers

Answer:

5. 30km 6. sorry I forgot how to do these 1. 240m 2. 36cm 3. 64ft

Step-by-step explanation:

I need help if you awnser right I will mark you

Answers

Answer:

300

Step-by-step explanation:

I think like 70 precent sure

Monthly budget: $1200
If he spends 25% on food each month, you can interpret it as a fourth of his budget because 25/100 is equal to 1/4.
$1200 / 4 = $300

Another way is by turning 25% into a decimal and doing $1200 * 0.25 = $300

Answer: $300

Good luck!

Can someone help me pls?

Answers

Answer:

x = 17.2

Step-by-step explanation:

cos 35 = x/21

0.8192(21) = x

x = 17.2

1/2 + (- 3/4)


1. 1

2. -1

3. -1/4

4. 1/4


Answers

Answer:

3. -1/4

Step-by-step explanation:

Similar to doing 0.5-0.75 which ends up as -0.25 which is equal to -1/4

Please give me the correct answer.Only answer if you're very good at math.Please use the Pythagorean Theorem formula which is a^2 + b ^2 = c^2.​

Answers

Answer:

8.7 in

Step-by-step explanation:

a = 7.3

b = 4.8

c^2 = 7.3^2 + 4.8^2 = 76.33

c = sqrt(76.33) which is around 8.7

what is the length of x ??

Answers

4 = 100-96 I think.

PLEASE HELP TANGENT LINESSSS

Answers

9514 1404 393

Answer:

  x = 154

Step-by-step explanation:

Angle x° is supplementary to the external angle:

  x° = 180° -26°

  x° = 154°

Answer:

Step-by-step explanation:

sum of four angles of a quadrilateral=360°

each tangent measures 90°

26+90+90+x=360

206+x=360

x=360-206=154°

Find x to the nearest tenth

Answers

Answer: 0.20

Step-by-step explanation:

Lola purchases music from two online services. Company A charges Lola a $10
subscription fee plus 89 cents for each song. Company B charges no subscription fee but
$1.19 per song. What is the minimum number of songs Lola would have to purchase for
Company A to be the cheaper option?

Answers

9514 1404 393

Answer:

  8. (c)  34

  9. 38 women

Step-by-step explanation:

8. The price for s songs is ...

  A = 10 +0.89s

  B = 1.19s

We want A < B, so ...

  10 +0.89s < 1.19s

  10 < 0.30s

  33.33... < s

Lola would have to purchase 34 songs for Company A to be the cheaper option.

__

9. Let m represent the number of men. Then the number of women (w) is ...

  w = 4m+2

The total of men and women is 47, so we have ...

  m + w = 47

  m + (4m +2) = 47

  5m = 45 . . . . . . . . . subtract 2

  m = 9 . . . . . . . . . . . .divide by 5

  4m +2 = 4(9) +2 = 38 . . . . find the number of women

The PTA has 38 women in it.

Easy question look at the photo.

Answers

Answer:

SSS

Step-by-step explanation:

Answer:

Step-by-step explanation:

sss

Who ever answers it gets Brainly

Which of the following equation represents a linear function

Answers

Answer: it is c

Step-by-step explanation:

the thee answer iis: C

) Cars are parked in line as they come off the assembly lines. There are three models: red cars which take up 2 spaces, blue cars which also take up 2 spaces, and green cars which take up only 1 space. Let an be the number of ways of filling the first n parking spaces with red, blue and green cars.

Answers

Answer:

Hello your question has some missing information below is the complete question

answer :

[tex]a_{n} = a_{n-2} + a_{n-2} + a_{n-1}[/tex]

Step-by-step explanation:

Red car and Blue car take up 2 spaces each

Green cars take up 1 space

lets determine the number of ways of filling up the parking spaces

i) First lets assume the last space is filled by Green car then there will be [tex]n^{th}[/tex] space occupied hence there will be ( n - 1 ) spaces left to be filled in [tex]a_{n-1}[/tex] ways

ii) lets assume the last space is filled by either a Red car or a Blue car then there will be [tex]n^{th} + ( n -1 )^{st}[/tex]  parking space occupied hence there will be

( n - 2 ) spaces left to be filled in [tex]a_{n-2}[/tex] ways

Hence A closed formula for [tex]a_{n}[/tex]

[tex]a_{n} = a_{n-2} + a_{n-2} + a_{n-1}[/tex]

where : a1 = 1 way ,  a2 = 3 ways

5. Consider the contexts the follow.
a. Create a table for each context.
b. Graph the data in each table.
c. Determine a recursive rule then an explicit equation that fits each context.

Context D: The Rowing Team is selling cookies for $1 each. A friend is selling the cookies and allows you to pay later for cookies you buy beyond the $3 you have in your pocket. How much will you pay your friend if you buy C cookies? (Negative dollars are dollars you pay your friend after the sale).

Answers

Answer:

d

Step-by-step explanation:

1+3=4

Caroline misses 25% of the free throws she attempts in a season. How many total free throws did she attempt if she missed 39?

Answers

Answer:

156

Step-by-step explanation:

39 * 4 = 156

Answer is 156. :>>>>>>>>>>>>

8,782 divided by 2 can you please explain me the process so i can do it

Answers

Answer:

4,391

Step-by-step explanation:

next time use a caculator luv <3

Answer:

4,391

Step-by-step explanation:

You can start of by multiply 100's by 2 and keep going until you get close to 8,782 then start going down some numbers till you get 8,782.

An environmentalist wants to find out the fraction of oil tankers that have spills each month. Step 1 of 2: Suppose a sample of 211 tankers is drawn. Of these ships, 146 did not have spills. Using the data, estimate the proportion of oil tankers that had spills. Enter your answer as a fraction or a decimal number rounded to three decimal places.

Answers

Answer:

The estimate of the proportion of oil tankers that had spills is 65/211 = 0.308.

Step-by-step explanation:

Proportion of oil tankers that had spills.

Number of tankers with spills divided by the total number of tankers.

In this question:

211 tankers

146 did not have spills, so 211 - 146 = 65 had

Proportion:

[tex]p = \frac{65}{211} = 0.308[/tex]

The estimate of the proportion of oil tankers that had spills is 65/211 = 0.308.

Name
Week 5 Test Taking Skills, Page 1
1
7
The weight of a box of rice is
8
pound. If Mrs. Ortega buys 6 boxes of rice, how many pounds of rice is she
buying?
Rice
Rice
Rice Rice Rice Rice
Weight Weight Weight? Weight |
Weight? Weight?
A
5 1 / 2
1b
B
Ib
8
с
4 - lb
D
5 lb

Answers

Answer: D - 5 1/4

Step-by-step explanation:

7/8 x 6 = 5.25

5.25 = 21/4

21/4 = 5 1/4

Answer:

D) 5 1/4

Step-by-step explanation:

Help please I’ll give the brainliest

Answers

Answer:

Step-by-step explanation:

a)

5.75x + 3.25y ≤ 625

b)

55 youth shirts

5.75x + 3.25 (55) ≤ 625

5.75x + 178.75 ≤ 625

5.75x  ≤ 446.25

x ≤ 77.6086....

so 77 adult t-shirts

determine the difference of the place value of 7s
in 3701 4472​

Answers

Answer:

Place value of 1st digit=7,000,000

,,. ,,,. ,,,. of 2nd digit= 70

Difference= 7,000,000-7

You get 6,999,930

This is your answer. If I'm right so,

Please mark me as brainliest. thanks!!!

5
Given volume of rectangular prism is 432 m.
h
12 m
4 m
Find height?

Answers

Answer:

9m

Step-by-step explanation:

volume = length x width x height so

432 / 12 / 4 = 9

A rectangle measures 2 1/2 meters by 1 3/4 meters. What is its area?

Answers

Answer:

4 3/8

Step-by-step explanation:

1. We can use the formula

Area = L (length) x W (width)

2. The area is unknown so we can substitute it for a

  The length and width are both known, so we can plug them in.

a= 2 1/2 x 1 3/4

3. Solve by multiplying

a=4 3/8

Area of the rectangle is [tex]4\frac{3}{8}[/tex] meter square

What is Area?

Area is the quantity that expresses the extent of a region on the plane or on a curved surface

What is rectangle?

Rectangle is a quadrilateral with four right angles

Area of the rectangle = Length × Width

Length of the rectangle = [tex]2\frac{1}{2} =\frac{5}{2}[/tex]

Width of the rectangle = [tex]1\frac{3}{4}=\frac{7}{4}[/tex]

Area of the rectangle = [tex](\frac{5}{2}).(\frac{7}{4})=\frac{35}{8}=4\frac{3}{8}[/tex] meter square

Hence, the area of the rectangle is [tex]4\frac{3}{8}[/tex] meter square

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IS DUE PLZ HELP Mabel ate break fast at a restaurant. The bil lcame to $38. If she left an 18% tip, how much was the tip?

Answers

Answer:

37.82

Step-by-step explanation:

Turn 18% into decimal=0.18 subtract 0.18 to 38=37.82

Hope it's correct!

Jimmy eats seven cookies every three minutes. How long does it take him to eat 28 cookies?

Answers

28 / 7 = 4

3 x 4 = 12


It’ll take him 12 minutes

Answer:

12min

Step-by-step explanation:

if7=3

28=?

28×3÷7=12

A cube is a rectangular prism with the same measurement for length, width, and height. If a cube is 4 inches tall, what is it’s volume?

Answers

Volume equals length x width x height; 4 x 4 x 4 equals 64 cubic inches

Find the missing measure

Answers

X = Tan^-1(15/13)
X = 49.1

A machine used to fill beverage cans is supposed to put exactly 12 ounces of beverage in each can, but the actual amount varies. The standard deviation of fill volumes is 0.05 ounce. How large a sample of cans must be selected to estimate the population mean fill volume with a 95% confidence interval that has a margin of error of 0.008 ounce? Round your answer UP to the nearest integer.

Answers

Answer:

A sample of 151 cans must be selected.

Step-by-step explanation:

We have that to find our [tex]\alpha[/tex] level, that is the subtraction of 1 by the confidence interval divided by 2. So:

[tex]\alpha = \frac{1 - 0.95}{2} = 0.025[/tex]

Now, we have to find z in the Ztable as such z has a pvalue of [tex]1 - \alpha[/tex].

That is z with a pvalue of [tex]1 - 0.025 = 0.975[/tex], so Z = 1.96.

Now, find the margin of error M as such

[tex]M = z\frac{\sigma}{\sqrt{n}}[/tex]

In which [tex]\sigma[/tex] is the standard deviation of the population and n is the size of the sample.

The standard deviation of fill volumes is 0.05 ounce.

This means that [tex]\sigma = 0.05[/tex]

How large a sample of cans must be selected to estimate the population mean fill volume with a 95% confidence interval that has a margin of error of 0.008 ounce?

We need a sample of n.

n is found when M = 0.008. So

[tex]M = z\frac{\sigma}{\sqrt{n}}[/tex]

[tex]0.008 = 1.96\frac{0.05}{\sqrt{n}}[/tex]

[tex]0.008\sqrt{n} = 1.96*0.05[/tex]

[tex]\sqrt{n} = \frac{1.96*0.05}{0.008}[/tex]

[tex](\sqrt{n})^2 = (\frac{1.96*0.05}{0.008})^2[/tex]

[tex]n = 150.1[/tex]

Rounding up:

A sample of 151 cans must be selected.

In which step did the student make the first error?
step 1
step 2
step 3
step 4

Answers

Answer:

there is no picture for us to see so we can't answer it.

Step-by-step explanation:

sorry

Answer:

C: step 2 (Took the test on edge got 100%)

Step-by-step explanation:

Your question was incomplete you have forgotten to include the graph necessary to answer.

Guys help I’m failing math this assignment is 100 points it will boost my grade

Answers

Answer:

1. -6.5

2. 8.5

3. -2 7/10

Step-by-step explanation:

If you any more questions comment

could you give me Brₐinliest

Answer:

im not sure

Step-by-step explanation:

lol i just want points

At Yogurtland, the scale says that Brooke has 9 ounces of chocolate yogurt in her cup. Brielle's yogurt weighs 13 ounces. How many pounds of frozen yogurt did they buy altogether? Express your answer as a mixed number.

Answers

Answer:

1.375 pounds

Step-by-step explanation:

have a nice night mate

:)

mark brainliest please :)

which statement about this triangle is true?
tan 0= 4/5
sin 0 = 3/5
cos 0 = 3/5
sin 0 = 3/4

Answers

Answer:

I'm not sure but I believe it is than 0=4/5

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