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GREYUIT [131]
2 years ago
13

Over 2 years, how much more does $2000 in a savings account with an APR of 4.2% compounded semiannually earn in interest than th

e same amount in a savings account with an APR of 3.6% compounded monthly? A. $24.29 B. $12.15 C. $6.07 D. $48.58
Mathematics
2 answers:
Reptile [31]2 years ago
7 0
Below is the solution:

 <span>A = 2000[1 + (.042/2)]^(2*2) 
A = 2173.366476962 
A = 2173.37 
I = 2173.37 - 2000 
I = 173.37 

A = 2000[1 + (.036/12)]^(12*2) 
A = 2149.0790382667085294501721261072 
A = 2149.08 
I = 2149.08 - 2000 
I = 149.08 

173.37 - 149.08 = 24.29</span>
-Dominant- [34]2 years ago
4 0

Answer:

$24.29 is correct

Step-by-step explanation:

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Answer:

992

Step-by-step explanation:

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The answer is 38 and some left over. We don't care what the leftover is because it is nearly 0.5 and that means 13 people were left over.

Take the integer value (38) and multiply it by 26. You get 988.

You want there to be 4 left over. 4 + 988 = 992. That's one way of doing the problem.

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Answer:

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Step-by-step explanation:

First, area of the trapezoidal bases.

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In a certain classroom ,12.5% of the students own at least one pet. If there are 32 students in the classroom,how many students
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2 years ago
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