Jack invested $7,600 in an account paying an interest rate of 6\tfrac{1}{4}6 4 1 ​ % compounded continuously. John invested $7,600 in an account paying an interest rate of 6\tfrac{3}{4}6 4 3 ​ % compounded quarterly. After 19 years, how much more money would John have in his account than Jack, to the nearest dollar?

Answers

Answer 1

Answer: John would have $1371.33 more in his account than Jack.

Step-by-step explanation:

Formula to calculate amount after t years if compounded continuously:

[tex]A=Pe^{rt}[/tex]

Formula to calculate amount after t years if compounded quarterly:

[tex]A=P(1+\dfrac{r}{4})^{4t}[/tex]

, where P= Principal amount, r= rate of interest.

Given: P= $7,600

t=19 years

For Jack, [tex]r=6\dfrac{1}{4}\%=\dfrac{25}{4}\%=\dfrac{25}{400}=0.0625[/tex]

For John, [tex]r=6\dfrac{3}{4}\%=\dfrac{27}{4}\%=\dfrac{27}{400}=0.0675[/tex]

Amount in Jack's account after 19 years= [tex]7600e^{0.0625(19)}[/tex]

[tex]=7600e^{1.1875}\\\\=7600(3.27887376794)\\\\\approx\$24,919.44[/tex]

Amount in John's account after 19 years= [tex]7600e^{0.0675(19)}[/tex]

[tex]=7600(1+0.0675)^{19}\\\\=7600(3.45931245291)\\\\\approx\$26,290.77[/tex]

Difference = 26290.77-24919.44 = $ 1,371.33

John would have $1371.33 more in his account than Jack.

Answer 2

Answer:668

Step-by-step explanation: I just did it.


Related Questions

Donna packs 14 pounds of nuts in bags . Each bag has 1/4 pound of nuts Which equation shows the number of bags Donna packed with all the nuts​

Answers

Answer:

Step-by-step explanation:

Where are the equations to choose from?

14 pounds × (1 bag)/(¼ pound) = 56 bags

Whats 8 2.5% of 75?Write your answer as a decimal.​

Answers

216 % hope this helps !!
Fraction =
7
8

Decimal =
0.875

Explanation:
The answer that has already been given is perfect in and by itself. I just want to give you some methods for doing these type of questions so that you won't stagger when you see these type of questions in exams (like the SAT).
Whenever you see such questions, remember the following things. These are conversions of English words to Mathematical tools.
What
=
Any variable like
x

Percent / Percentage / %
=
Divide by 100
of
=
Multiply
is
=
Put an equal to (
=
) sign
I'll give you an example through a question.
What percent of 200 is 5?
Ans: Replace English words by mathematical tools according to the rules I told you.
x
( What) /100 ( percent)
×
( of) 200
=
( is) 5
In a refined form,
x
100
×
200
=
5

Calculate x. On calculating, x comes out to be
2.5

So, 2.5 percent of 200 is 5.
Now your question is actually very simple if you follow my rules.
You want 87.5%. By the rules, % means divided by 100. So
87.5
%
=
87.5
100
and now using the same strategy, Ans:
875
1000

Disregard the next section if you know how to convert a decimal to a fraction
Section Starts
First, I'll write the decimal form. Whenever you divide by a number that is in form of 1 followed by
n
number of zeroes. (here 1 is followed by 2 zeroes), you should shift the decimal point to the left side by n places.
In this case, shift decimal point in 87.5 to the left by 2 places. So this becomes 0.875.
This is the answer in decimal point.
Now simultaneously, I'll teach you how to convert a decimal into a fraction.
Here, you see 2 types of "numbers". One to the left side of the decimal point and one to the right side of the decimal point.
Here, left side of decimal point is 0 and right side of decimal point is 875.
Count the number of digits in the number to the right side of the decimal point (Here, the number of digits is 3)
Remove the decimal point and divide the number by a number formed by 1 followed by the "digits" we obtained (i.e. 3).
So, 875/1000. Simplify this, and you get your answer.

Which expression is equivalent to 1/4(12x + 16) + 3x + 7

Please help!!!

a. 15/4x + 7
b. 15x + 23
c. 6x + 23
d. 6x + 11

Answers

Answer:

the answer is 6x+11

Step-by-step explanation:

1/4(12+16)+3x+7

1/4×4(3x+4)+3x+7

(3x+4)+3x+7

3x+4+3x+7

6x+11

y= 5x - 7
-3x - 2y = -12

Solve each system of equations using the substitution method

Give the solution in (x,y) form​

Answers

Point form: (2,3) and x=2 and y=3

EXPRESA EN METROS :
A= 3 km 8 hm 5 dam
B= 8 dam 5 m 7 cm
C= 1 m 4 dm 6 cm 7mm

Answers

Answer:b

Step-by-step explanation:

A country trying to decide whether to join the United Nations must determine whether it is willing to: O A. give up its own national laws in favor of international laws set by the UN. O B. occasionally go against its own interests in favor of international priorities. O C. supply a large number of military forces to the UN standing army. O D. leave any regional intergovernmental organizations it has already joined.​

Answers

Answer:

to guarantee equality for all

Step-by-step explanation:

The league of nations was created to prevent another global war

Write a polynomial in standard form that represents the area of the shaded region.

Answers

Answer:

Area of the smaller square is x * x, which is x^2

Area of the larger square is (x + 7)(x + 7), which is x^2 + 14x + 49

The area of the shaded area = Area of the larger square - Area of the smaller square

Area of the shaded region = x^2 + 14x + 49 - x^2

Area of the shaded region is 14x + 49.

find the quotient. -105/15=

Answers

Answer:

-7

Step-by-step explanation:

Hope this helped! :)

15 x -7 = -105
so the answer is -7

plz I NEEEEED HELP NOWWWW PLZ PLZ PLZ

Answers

○=> Correct option :[tex]\color{hotpink}\bold{ (a) \: 130}[/tex]○=> Steps to derive correct option :

Angle (p+7)° and angle (3p+1)° are a linear pair so their sum will be equal to 180°.

Which means :

[tex] =\tt 3p + 1 + p + 7 = 180[/tex]

Let us solve that equation to find the value of p and the two angles :

[tex] =\tt 3p + 1 + p + 7 = 180[/tex]

[tex] =\tt 3p + p + 1 + 7 = 180[/tex]

[tex] =\tt 4p + 8 = 180[/tex]

[tex] = \tt4p = 180 - 8[/tex]

[tex] = \tt4p = 172[/tex]

[tex] =\tt p = \frac{172}{4} [/tex]

[tex]\hookrightarrow \tt \color{plum}p = 43[/tex]

Thus, value of p = 43

Measure of angle (p+7)° :

[tex] =\tt 43 + 7[/tex]

[tex]\tt\color{plum}angle \: (p + 7)° =\tt 50°[/tex]

Measure of angle (3p+1)° :

[tex] =\tt 43 \times 3 + 1[/tex]

[tex] = \tt129 + 1[/tex]

[tex]\tt\color{plum}angle \: (3p + 1)° = 130°[/tex]

Thus, the measure of the larger angle = 130°

Therefore, the correct option is (a) 130

A survey was conducted at a local restaurant about the type of seating preferred by males and females. The results of the survey are shown i
the table.
Indoor Outdoor Total
Males
23
65
88
Females
47
13
60
Total
70
78
148
Approximately what percentage of those surveyed preferred indoor seating?
A. 47%
B. 53%
C. 70%
D. 78%

Answers

Answer:

c: 70

Step-by-step explanation:

Solve for a

Pythagorean theorem

Answers

[tex] {a}^{2} + {b}^{2} = {c}^{2} [/tex]

[tex] {c}^{2} - {b}^{2} = {a}^{2} [/tex]

[tex] {8}^{2} - {6}^{2} = {28}^{2} [/tex]

[tex] \sqrt{28} [/tex]

Answer:

[tex]\boxed{\sf{a=\sqrt{28} }}[/tex]

Step-by-step explanation:

Pythagorean theorems can be applied to solve this problem.

Pythagorean theorem:

[tex]\rightarrow \sf{a^2+b^2=c^2}[/tex]

⇒ c²-b²=a²

8²-6²=28²

Solve.

PEMDAS stands for:

ParenthesisExponentsMultiplyDivideAddSubtract

[tex]\sf{8^2-6^2}[/tex]

Solve by exponents from left to right numbers.

[tex]\sf{8^2=8*8=64}[/tex]

[tex]\sf{6^2=36}[/tex]

Then, subtract.

[tex]\sf{64-36=\boxed{\sf{28}}[/tex]

a=√28

Therefore, the correct answer is a=√28.

I hope this helps you! Let me know if my answer is wrong or not.

COULD I GET GET SOME HELP PLZ? REWARD BRAINLIEST

Answers

Answer:

1. D) -4/3 or 4/3

2. A) -6 or 8

Step-by-step explanation:

Answer:

x=4/3 or -4/3

x=8,-6

Step-by-step explanation:

Answeerrrrr asapppooaoaoaoao please need helppppp

Answers

Answer:

1a. Yes

1b. No

1c. Yes

Step-by-step explanation:

Answer:

1a. 2/5 x 25 = 50/5 = 10 and 10 = 10 so yes

1b. 5 + 5 = 10  10 does not equal 15 so no

1c. 5 x 5 = 25 and 25 = 25 so yes

Solve -3.5=x-4 for x using the multiplication propertiy of equality

Answers

Answer:

Hello! :) have a good day!

X= 0.5

Answer:

x = 0.5

Step-by-step explanation:

Can anybody help me please? it’s a major and i’m very confused.

Answers

Variable sorry if I am late

Kimberly ran her first race in 3.15 hours. She ran her second race in 2.90 hours. Rounding each time to
the nearest hour, about how many hours did it take Kimberly to run both races?

Answers

Answer:

It took her approximately 6.1 hours to run both races.

Step-by-step explanation:

3.15 plus 2.9 equals 6.05, rounded to the tenths place is 6.1.

Answer: 6hrs
Explanation: I showed my work in the photo below and i hope that helps.

I really need someone's help please!

Answers

Answer:

Felipe subtracted 3x from both sides of the equation.

Answer:

-2

Step-by-step explanation:

first, you will subtract the 2x from 3x then take 6 away from - 8 so it would be 8 and subtract it from 6  because of where the = is and get your answer

uhhh just look at the screenshot then answer

Answers

Answer:

The Independent is the Number of Hours while the Dependent is the Number of Miles

Equation: y= 50x

Step-by-step explanation:

I Hope this helped

Solve for x . x/3 +x/4

Answers

The answer is

[tex] \frac{7x}{12} [/tex]

Mrs. Norton wants to buy health insurance for her family, Plan A costs $620.50 per month. Plan B costs $597.20 per month. How much will she save in 12 months by choosing Plan B instead of

Plan A?

A $7,446.00

B $7,166.40

C $320.60

D $279.60

Answers

Answer:

Step-by-step explanation:

620.50 * 12 = 7,446

597.20 * 12 = 7,116.4

7446 - 7116.4 = 329.6

There are 8 employees in The game shops sales team. Last month , they sold a total of g games . One of the sales teams member , Chris , sold

Answers

Answer:

This question is not complete.

Step-by-step explanation:

Find the 9th term of the geometric sequence 6, -24, 96,

Answers

Step-by-step explanation:

the process is show in the above picture.

2 Do the following calculations
a) 55,8965 + 12,443 x 3
b) (6 x 3) - 4 + 26 - 2
c) 44,65 = 3 x 11,11 + 68
d) 24 - 16 + 3 + 5 - 6 + 10 - 2
e) 15 = (2+2)​

Answers

Answer:

a) 93,2255

b)38

c)false

d)18

e)false

A cylinder with a diameter of 8 inches and height of 12 inches.
Ross is wrapping a gift. The package is shaped like the cylinder shown. What is the least amount of paper he needs to cover the entire cylinder? Use 3.14 for Pi.
401.92 in.2
602.88 in.3
1004.8 in.2
2411.52 in.3

Answers

Answer:

401.92 in.2

Step-by-step explanation:

Answer:

A

Step-by-step explanation:

Answers PLSSSSSSSS HELP CORRECT ANSWER GETS BRAINLIEST
1.A
2.B
3.C

Answers

it is a have a nice day

Answer:

A

Step-by-step explanation:

The height of the triangle must be perpendicular to the base of the triangle and the segment A is perpendicular to the given height.

Can any one help me on this question ?

Answers

Answer:

70°

Step-by-step explanation:

2x +x + 80° + 70° = 360° { being sum of angles of quadrilateral }

3x + 150° = 360°

3x = 360° - 150°

3x = 210°

x = 70°

Hope it will help :)

Answer:

70

Step-by-step explanation:

Since sum of all angles in a quadrilateral is 360°

angle P+ angle Q + angle R + angle S= 360°

80+70+x+2x=360

3x= 360-150

3x = 210

x = 210/3

x= 70

You are renting a car for the day. There is a daily fee of $25 and a charge of $0.10 per mile. Your budget allows a maximum total cost of $50. How many miles can you travel on this budget?

Answers

Answer:

250 miles

Step-by-step explanation:

daily charge: $25

per mile: $0.10

budget: $50

50-25=25

25 divided by 0.10 = 250

you can travel 250 miles on this budget

Write a rule for the linear function in the table.


A.
f(x) = –x + 1


B.
f(x) = x – 1


C.
f(x) = x


D.
ƒ(x) = –x

Answers

Answer:

i keep getting different stuff

Step-by-step explanation:

4 x − 5 + y = 0

x + 6 y = 5

6 x − 3 y =12

3 x + y = 16

6 x − 3 y = 12

3 x + 4 y = − 5

Answer this question and you get brainiest? Also 85 points so answer it correctly and it’s all yours btw i put the picture up so you can answer it . Thanks

Answers

Answer:

114

Step-by-step explanation:

those angles are supplementary meaning that they will add up to 180. 180-66=114 so x=114

Liliana watched 1/2 of Finding Nemo before she paused it to go make popcorn. When she came back, she watched another 1/3 of the movie. What fraction of the movie did Liliana watch in all?

Answers

Answer:

5/6 of the movie. 1/2 is the same as 3/6 and 1/3 the same as 2/6. Just add it and boom you got 5/6.

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