What interest rate will save you the most money if you carry a balance on a loan from one month to the next?

A. Simple interest rate

B. Effective rate

C. Compound interest rate

D. Annual percentage yield

Answers

Answer 1

The interest rate which will save the most money if the balance on a loan from one month to the next is carried is the compound interest rate.

What is compound interest?

Compound interest is the amount charged on the principal amount and the accumulated interest with a fixed rate of interest for a time period.

The formula for the final amount with the compound interest formula can be given as,

[tex]A=P\times\left(1+\dfrac{r}{n\times100}\right)^{nt}\\[/tex]

Here, A is the final amount (principal plus interest amount) on the principal amount P of with the rate r of in the time period of t.

While carrying the balance on a loan from one month to the next month, the compound interest rate is better, as it allows the funds to grow faster than the other rate mentioned.

Thus, the interest rate which will save the most money if the balance on a loan from one month to the next is carried is the compound interest rate.

Learn more about the compound interest here;

https://brainly.com/question/24274034


Related Questions

Bradley is 27 years older than Madison. Seven years ago, the sum of their age was 59. How old are they now?

Answers

Answer:

bradley is 50 and madison is 23

Step-by-step explanation:

m + 27 = b

(b - 7) + (m - 7) = 59

[(m + 27) - 7] + (m - 7) = 59

m + 20 + m -7 = 59

2m + 13 = 59

2m = 46

m = 23, b = 23 + 27 = 50

Find the slope given the coordinate points.

(12, 7) (-4, 2)

Answer as a fraction in reduced form.

Will mark brainliest if correct

Answers

5 / 16

m = rise/run = y2 - y1 / x2 - x1

m = 2-7 / (-4) - 12 = -5 / -16

m = 5 / 16
i think it’s 13 over -160

A pennant flag that is 2 inches high with a base of 1.5 inches has an area of 1.5 square inches. The
area of a triangle varies jointly with the base and height. Find the area of a flag whose base
measures 2 inches and height is 2.5 inches.

Answers

Answer:

2.5 sq. inches

Step-by-step explanation:

Explanation is given in the pic attached.

Area of triangle= 1/2* base* height

Hope this helps!

The area of the flag when the base is 2 inches and the height is 2.5 inches is 2.5 square inches

From the question, we understand that the area (A) of the flag varies jointly with the base (B) and the height (H)

This variation is represented as:

[tex]\mathbf{A\ \alpha\ B \times H}[/tex]

So, we have:

[tex]\mathbf{A\ \alpha\ BH}[/tex]

Express as an equation

[tex]\mathbf{A\ =k BH}[/tex]

When the area is 1.5 square inches, the base is 1.5 inches and the height is 2 inches, we have:

[tex]\mathbf{A\ =k BH}[/tex]

This gives

[tex]\mathbf{1.5\ =k \times 1.5 \times 2}[/tex]

[tex]\mathbf{1.5\ =k \times 3}[/tex]

Divide both sides by 3

[tex]\mathbf{\frac 12 =k }[/tex]

Rewrite as:

[tex]\mathbf{k = \frac 12}[/tex]

When the base is 2 inches and the height is 2.5 inches, we have:

[tex]\mathbf{A\ =k BH}[/tex]

This gives

[tex]\mathbf{A = \frac 12 \times 2 \times 2.5}[/tex]

[tex]\mathbf{A = 2.5}[/tex]

Hence, the area of the flag is 2.5 square inches

Read more about variations at:

https://brainly.com/question/14251450

Can I get help please..................
Sara bought 3/4 of a pound of bananas and 3/5 of a pound of pears. How much fruit did Sara buy?

Answers

Answer:

27/20

Step-by-step explanation:

¾ + ³/5= 27/20. .......................

A new hotel was built with r rooms. The first weekend it was open, 3/5 of them were reserved. Which of the following expressions represents the number of rooms which were reserved?
A r-3/5
B r x 3/5
C r+3/5
D ÷3/5

Answers

Answer:

D ÷3/5 that's the answer i think I worked it out myself

3^4x-1=15
Need help with this log question

Answers

Answer:

x=16/81

Step-by-step explanation:

3^4x-1=15

81x-1=15

81x=15+1

81x+16

divide both sides by 81

x=16/81

A car drove 55 miles per hour for 8.2 hours and 75 miles per hour for 3.6 hours. How far did the car drive?

Answers

Answer:

Step-by-step explanation:

So at 38mph you are roughly traveling .6333 miles a minute. So 13 miles would take you roughly 8.2 minutes. How does one figure out this?

We know that there are 60minutes in an hour. We know you’re driving 38miles per hour. Dividing 38 by 60 gives you the miles per minute. Multiple that by how many miles you’re driving to get an estimate of the minutes it takes to drive those miles.

-4v - 5 = -53 help me please

Answers

Answer:

v=12

Step-by-step explanation:

  Rearrange the equation by subtracting what is to the right of the equal sign from both sides of the equation :

                    -4*v-5-(-53)=0

Pull out like factors :

  -4v + 48  =   -4 • (v - 12)

 Solve :    -4   =  0

This equation has no solution.

A a non-zero constant never equals zero.

 Solve  :    v-12 = 0  

Add  12  to both sides of the equation :  

                     v = 12

To check yourself:

-4(12)-5 = -53

Answer: v = 12

Step-by-step explanation:

-4v - 5 = -53

add 5 to both sides

-4v = -48

divide both sides by -4

v=12

Simplify the expression using trigonometric identities: sec (–θ) – cos θ.

Answers

Answer:

sin θ . tan θ

Step-by-step explanation:

Note : -

sec ( - θ ) = sec θ

Formula / Identity : -

sec θ = 1 / cos θ

sec ( - θ ) - cos θ

= [ 1 / cos θ ] - cos θ

{ LCM = cos θ }

= [ 1 / cos θ ] - [ cos²θ / cos θ ]

= [ 1 - cos²θ ] / cos θ

{ 1 - cos²θ = sin²θ }

= sin²θ / cos θ

{ sin²θ = sin θ . sin θ }

= sin θ . sin θ / cos θ

{ sin θ / cos θ = tan θ }

= sin θ . tan θ

Hence, simplified.

Fred needs 410 game markers to play with his classmates and their families math night. He has 96 red markers, 123 blue markers, 106 yellow markers, and 72 green markers. Does he have enough game markers to play the game?

Answers

Answer:

No

Step-by-step explanation:

the reason why i said nonis cause 96+123+106+72=397 which means he still needs 13 more

Use logarithms to find the exact solution for 7(17^−9)−7=49.

Answers

ANSWER: x = -0.082


EXPLANATION:

1. Apply logarithm to both sides of the
equation. If one of the terms has base 10,
use common logarithm, otherwise, use
natural logarithm

2. Use the different properties of logarithms
to solve for the variable.

17
-92 _ 7 = 49
7.17-92 = 56
17-92 = 8
10g17(8)
-92
2
log, 7(8)
-9
log(8)
log(17)
-9
I=
-0.082
2 of 3
Add both sides by 7
Divide both sides by 7
Convert to logarithm
Divide both sides by - 9

What would the answer be

Answers

Answer:

B.

Step-by-step explanation:

process of elimination. the red dot is not a 1/4 of the number of lines, so it cant be 12.25, 13.625 is impossible because it has a value less than 13, and 12.625 is impossible as well because it has a value less than 12.5 therefore 12.375 is the best answer, and the only correct answer

How does insurance reduce social burden?
A. Insurance ensures that people don't have to pay high deductibles.
B. Insurance ensures that losses are not passed on to society.
C. Insurance ensures that lenders publicize rates and treat all
customers equally.
D. Insurance ensures that people are treated fairly in hiring and
employment decisions.

Answers

Answer:

c po is the correct aswer

Step-by-step explanation:

correct me if im wrong hope it's help

thanks

Answer:

B. Insurance ensures that losses are not passed on to society

Hope this helps :)

A bakery sells 1/2 dozen cookies for $6.48. At this rate, how much would it cost for 3 dozen cookies?​

Answers

It would cost $38.88 for three dozen cookies
$38.88 is definitely the answer facts I had that problem too myself

Numeros comprendidos entre 20

Answers

One, two, three, four, five, six, seven, eight, nine, ten, eleven, twelve, thirteen, fourteen, fifteen, sixteen, seventeen, eighteen, and nineteen/Uno, dos, tres, cuatro, cinco, seis, siete, ocho, nueve, diez, once, doce, trece, catorce, quince, dieciséis, diecisiete, dieciocho y diecinueve

help please!!!!!!!!!!!​

Answers

Answer:

  1/(xy)³

Step-by-step explanation:

The applicable rule of exponents is ...

  a^-b = 1/a^b

_____

  [tex](x\cdot y)^{-3}=\boxed{\dfrac{1}{(x\cdot y)^3}}[/tex]

6 Cyclist A travels 55 km in 2 hours and 20 minutes.
Cyclist B travels 135 km in 5 hours and 36 minutes.
Which cyclist is travelling faster?

Answers

cyclist a speed is d = v × t

so you can find velocity of a and b.

then compare them both.

Write a system of equations to describe the situation below, solve using any method, and fill in the blanks.
PLEASEEEEE I BEG YOUUU 50 POINTS!!!!!!!~~~~~
Aubrey wrote a business plan for an entrepreneurship class, and now she has to make bound copies. Aubrey could use a printer who charges a setup fee of $38 and $3 for every copy printed. Another possibility is to go to the office supply store, where she could pay an up-front fee of $34 and $4 per copy. There is a certain number of copies that makes the two options equivalent in terms of cost. How much would the copies cost? How many copies is that?

Answers

Answer:

Copies cost for the first case = $ 12

Copies cost for the second case =$16

Number of Copies = 4

Step-by-step explanation:

Let the number of copies = N

. for the first case: total cost (T1) = 38 + 3N

. for the second case: total cost (T2) = 34 + 4N

Determine the ‘N’ when the cost is equivalent

So, 38 + 3N = 34 + 4N

38 – 34 = 4N – 3N

N = 4

Therefore, number of copies = 4

Copies cost for the first case = 3 × 4 = $12

Copies cost for the second case = 4 × 4 = $16

#1.

Set up fee=$38Cost per copy=$3

Expression

[tex]\sf\longmapsto 38+3x[/tex]

#2

Set up fee=$34Cost per copy=$4

Expression

[tex]\sf\longmapsto 34+4x[/tex]

Now

[tex]\sf\longmapsto 4x+34=3x+38[/tex]

[tex]\sf\longmapsto x=4[/tex]

There were 4copies

Use synthetic division to find the result when 3x^3 + 4x^2 - 5x - 2 is divided by x + 2

Answers

Check the picture below.

math help please :) thxx

Answers

Answer: 15 inches

Step-by-step explanation:

15 × 1 ÷ 12 = 1.25 ft

1.25 ft = 1.25 × 12 = 15 in

How many pounds are in 1 1/2 pounds and 8 ounces?

Answers

Answer:

2 pounds

Step-by-step explanation:

Because 8 ounces = 0.5 pounds

1.5+0.5=2

Express the number in scientific notation. 7/100​

Answers

Answer:   7

×

10

2

Step-by-step explanation:

increase 400 in the ratio 3:5

Answers

Answer:

250.

Step-by-step explanation:

3 + 5 = 8. => (3/8) * 400 = 3 * 50 = 150. => (5/8) * 400 = 5 * 50 = 250.

The force in Newtons acting on a particle located x meters from the origin is given by the function F(x)=12x2+7. What is the work done in Joules when moving the particle from x=2 to x=5?

Answers

[tex]W = \displaystyle \int^{5}_{2} F(x) ~ dx\\\\\\= \displaystyle \int^{5}_{2} \left(12x^2 +7\right) ~dx\\\\\\= 12\displaystyle \int^{5}_{2} x^2 ~dx + \displaystyle \int^{5}_{2} 7~ dx\\\\\\=12 \left[\dfrac{x^3}3 \right]^{5}_{2} + 7\left[x\right]^{5}_{2}\\\\\\=4(5^3-2^3) + 7(5-2) = 468 + 21 = 489~ J[/tex]

Lin's family has completed 30% of a trip, they have travelled 45 miles. How far is the trip?

Answers

Answer:

2 hours

Step-by-step explanation:

Answer:

150 miles

Step-by-step explanation:

45/3=15

15*7=105      15*3=45

105+45=150

15*10=150

:)

slope of thissss




please help

Answers

-0.66

Step-by-step explanation:

can u mark me a brainliest

solve pls brainliest

Answers

Answer:

7

Step-by-step explanation:

19 increased by twice joses savings

Answers

Answer:

19 x 2 38 is ur answer to the problem

Which graph appears to show a linear proportional relationship between x and y?

A,B,C, or D

Answers

Answer:

Step-by-step explanation:

please help me completing square
x^²+2x-24=0​

Answers

Answer:

Step-by-step explanation:

x² + 2x -24 = 0

delta = 2² - 4*1*(-24)

delta = 4 + 96

delta = 100

x' = (-2 + [tex]\sqrt{100}[/tex]) / 2*1

x' = (-2 + 10) / 2

x' = 8 / 2

x' = 4

x" = (-2 -10) / 2

x" = -12 / 2

x" = -6

Other Questions
The DEGREE of algebraic expression 2xy + 7 isA) 2B) 3C) 7D) xyTY!! What groups of people were sent to colonize Louisiana? Describe them. Ben purchased lunch today at the school cafeteria for $2.75. Before today, Ben owed $9.15 on his lunch account. How much money is in his lunch account after today? What was a political change that occurred during the Adams administration?A Voting rights were extended to newly arrived immigrants.B Free speech was better protected when people spoke out against the government.C Weak federal laws were passed, leaving most decisions to the states. D Strong laws were passed, giving the federal government more power. What long-term problems did ordinary people in Britain face? What is the measurement of the angle shown below? PLEASE ANSWER NEED HELP!!!!!!!! PLEASE THE CORRECT ANSWER!!!!!!Ivan has decided that he is going to work on having a more positive body image. What result should he hope for?A. He should feel good about his body and accept any flaws.B. He should look for compliments from friends and family about his body.C. He should love everything about his body and think he is very attractive.D. He should be happy with himself after following a strict diet and exercise routine.PLEASE NO LINKS Following its defeat in the seven years war, France ceded (Gave Up) control of Canda to who?A: Great BritainB: FranceC: SpainD: Portugal The union of { 1, 2, 3, 4, 5, 6 } and { 4, 5, 6, 7, 8, 9, 10} is ( 4, 5, 6 }. True or false? A company has $7,200 to send its employees to a conference. The conference costs $900 for each employee who attends. How many employees can the company send to the conference? Help would be much appreciated! :) A seafood restaurant daims an increase of $2,450 over its average profit during a weer where it introduced a special of baked class. ILL GIVE 30 POINTS AND BRAINLIEST!!!!!!! In one or two paragraphs, describe how China is working to overcome economic, military, and population-based problems like pollution and to grow as an emerging world power. Study the following quote. Then answer the question that follows."No free man shall be seized or imprisoned, or stripped of his rights or possessions ... except by the lawful judgment of his peers."This quote from the Magna Carta encouraged American colonists to believe that people accused of crimes had certain rights unless found guilty through a legal process free people should be put in jail for their own safety if threatened by their neighbors anyone can be arrested, put in jail, and have his or her stuff taken away by peers only going to court can determine whether a person should get their property returned Write a letter to your class teacher telling him the reason why you want to go home Select the two adjectives. Don't select any articles (a, an, or the). Seals, walruses, and other animals that live in the Arctic have adapted to survive the coldtemperaturesSubmit help me please someone A camera takes a properly exposed photo at f/5.6 and 1/250 s. What shutter speed should be used if the lens is changed to f/4.0?a.1/65 sb.1/125 sc.1/250 sd.1/500 se.1/1000 s Select the locations on the number line to plot the points 2, 1, and 4 . please , answer this question:(