When investing money in a bank account, in which situation will you have the most money in your account at the end of three years?

Compounded semiannually
Compounded yearly
Compounded quarterly
Compounded monthly

Answers

Answer 1

Answer:

continuously is the most, and what is actually done at the banks...

as for your answer:

Compounded monthly

Step-by-step explanation:

Answer 2

When investing money in a bank account, you will have the most money in your account at the end of three years when compounded monthly.

What is compound interest?

Compound interest is the interest you earn on interest.

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

Where,

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of time periods elapsed

To check in which situation we will earn the most money in end of  three years, we calculate the final amount in each situation keeping other variables constant.

Let

P = 5000

r = 5%

t = 3 years

When compounded annually,

[tex]A = 5000(1 + 0.05)^{3} = 5788.125[/tex]

When compounded semiannually,

[tex]A = 5000(1 + 0.025)^{6} = 5798.467[/tex]

When compounded quarterly,

[tex]A = 5000(1 + 0.0125)^{12} = 5803.772[/tex]

When compounded monthly,

[tex]A = 5000(1 + 0.0125)^{12} = 5807.361[/tex]

Thus, it can be said that you have the most money in your account at the end of three years when compounded monthly.

Learn more about compound interest here

https://brainly.com/question/14295570

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Related Questions

Use the function to answer questions #5-7.
please help with both

Answers

Answer:

2lnf .÷f35%vbbcy^hjv6bs8nc

One pipe can fill a pool in 6 hours. The second pipe can drain the pool in 18 hours. How long will it take to fill the pool if both pipes are working?

Answers

one pipe 6 hours fill

two pipe 6 ÷2= 3 hours

Answer:

x=9

Step-by-step explanation:

The city park is 9 and 2/5 km from Roland Public School. The city library is 3 and 3/10 km from the same school. How much farther from the school is the park than the library? PLS HELP

Answers

Answer:

6 1/10

Step-by-step explanation:

Convert the mixed numbers into improper fractions (denominator × whole number + numerator / denominator):

9 2/5 = 47/5

3 3/10 = 33/10

Convert improper fractions to have the same denominator:

47/5 × 2/2 = 94/10

Find the difference by subtracting the numerators:

94/10 - 33/10 = 61/10

Convert the answer into a mixed number:

61/10 = 6 1/10

b) The price of a radio is marked as Rs 7,500. If the shopkeeper allows 20 % discount and adds 13 % VAT, how much will a customer pay for the radio?​

Answers

Answer:

the customer should pay Rs.6780 including VAT.

Step-by-step explanation:

here,

Marked price(MP)=7500

Discount(D)=20%

VAT=13%

now,

selling price(SP)=MP-D%of MP

=7500-20×7500/100

= 7500-1500

= Rs 6000

again,

SP with VAT = SP +VAT of SP

= 6000+13×6000/100

=6000+780

=Rs.6780

hence,

the customer should pay Rs. 6780 including VAT.

HELP QUICK

Question 1 (1 point)
A wave travels at 3 000 m/s. If its wavelength is 6.0 m, what is its period?

Answers

Answer:

0.002 seconds

Step-by-step explanation:

Wave period = Wavelength/Velocity

Period = 6/3,000

Period = 0.002 seconds

three forth of a number excceed its one third by 15, find the number​

Answers

The required value of x is 36

Step-by-step explanation :

Let the required number be x.

Three fourth of number = (3/4)x

One third of number = (1/3) x

According to the question ;

3x/4 = x/3 + 15

→ 3x/4-x/3 = 15

→ 9x - 4x / 12 = 15

→ 5x = 15 x 12

⇒ x = 180 / 5

⇒ x = 36

Hope this answer helps you..!!!

A jar contains 5 blue marbles, 2 black marbles, and 7 brown marbles.

Answers

Answer:

5/13

five blue marbles, but one blue removed  thus 5/13

Step-by-step explanation:

Answer:

C 5/13

Step-by-step explanation:

Can someone please help me out Its really Important please marking brainliest

Answers

The cylinder bale has greater volume and volume of pyramid is 54613m^2, air for each person is 10.92 m^2

Answer:

Q1. Volume of the prism

= 75(20)(14) cm3

=21000 cm3

Volume of the cylinder

= π(75^2)(120)cm3

=2120575cm3 (cor. to nearest int.)

The cylindrical bale has a greater volume.

Q3a. Volume of the pyramid

=(1/3)(40)(64)(64)m3

=54613 m3 (cor. to nearest int.)

Q3b. Volume of air per person

=(1/3)(40)(64)(64)(1/5000) m3

=10.9 m3 (cor to 3 sig fig)

Someone, please help
Timothy has 72 coins, consisting of quarters, dimes, nickels, and 8 pennies. Samantha comes and takes all of his quarters, takes 3 of his dimes, takes 2 of his nickels, and leaves him with one penny, leaving him with 45 coins. What is the value of quarters that Samantha took?

Answers

72 - 45 = 27

Samantha took 27 coins. She took 3 dimes, 2 nickels and all but 1 penny, so 7 pennies. This is 12 coins. The rest must be quarters. 27 - 12 = 15 quarters.

15 x 0.25 = 5.25

The value of the quarters that Samantha took is $3.75.

Hope this helps!

Someone help me with this question please it would help me a lot !!!

Answers

Answer:

x intercept ( -40,0)

y intercept ( 0,15)

Step-by-step explanation:

The x intercept is where it crosses the x axis.  The y value is zero

(-40,0)

The y intercept is where it crosses the y axis.  The x value is zero

(0,15)

A candidate for one of Ohio's two U.S. Senate seats wishes to compare her support among registered voters in the northern half of the state with her support among registered voters in the southern half of the state. A random sample of 2000 registered voters in the northern half of the state is selected, of which 1062 support the candidate. Additionally, a random sample of 2000 registered voters in the southern half of the state is selected, of which 900 support the candidate. A 95% confidence interval for the difference in proportion of registered voters that support this candidate between the northern and southern halves of the state is:

Answers

Answer:

The 95% confidence interval for the difference in proportion of registered voters that support this candidate between the northern and southern halves of the state is (0.05, 0.112).

Step-by-step explanation:

Before building the confidence interval, the central limit theorem and subtraction of normal variables is explained.

Central Limit Theorem

The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

For a proportion p in a sample of size n, the sampling distribution of the sample proportion will be approximately normal with mean [tex]\mu = p[/tex] and standard deviation [tex]s = \sqrt{\frac{p(1-p)}{n}}[/tex]

Subtraction between normal variables:

When two normal variables are subtracted, the mean is the difference of the means, while the standard deviation is the square root of the sum of the variances.

Northern half:

1062 out of 2000, so:

[tex]p_N = \frac{1062}{2000} = 0.531[/tex]

[tex]s_N = \sqrt{\frac{0.531*0.469}{2000}} = 0.0112[/tex]

Southern half:

900 out of 2000, so:

[tex]p_S = \frac{900}{2000} = 0.45[/tex]

[tex]s_S = \sqrt{\frac{0.45*0.55}{2000}} = 0.0111[/tex]

Distribution of the difference:

[tex]p = p_N - p_S = 0.531 - 0.45 = 0.081[/tex]

[tex]s = \sqrt{s_N^2 + s_S^2} = \sqrt{0.0112^2 + 0.0111^2} = 0.0158[/tex]

Confidence interval:

The confidence interval is:

[tex]p \pm zs[/tex]

In which

z is the z-score that has a p-value of [tex]1 - \frac{\alpha}{2}[/tex].

95% confidence level

So [tex]\alpha = 0.05[/tex], z is the value of Z that has a p-value of [tex]1 - \frac{0.05}{2} = 0.975[/tex], so [tex]Z = 1.96[/tex].

The lower bound of the interval is:

[tex]p - zs = 0.081 - 1.96*0.0158 = 0.05[/tex]

The upper bound of the interval is:

[tex]p + zs = 0.081 + 1.96*0.0158 = 0.112[/tex]

The 95% confidence interval for the difference in proportion of registered voters that support this candidate between the northern and southern halves of the state is (0.05, 0.112).

Câu 1: Cho tam giác MNP cân tại P thì:
A. MN = MP B. PM = NP C. PN = PN D. Không có cạnh nào bằng nhau.

Answers

Answer:

B. PM = NP

Step-by-step explanation:

(2x+1)(x-1)=0
2x-10=5+3x​

Answers

Step-by-step explanation:

2x-3x=5+10

-x=15

X=-15

2x+1=0.... 1

X-1=0

X=1......2

Substitute the value of x in equation 1

2*1+1=0

2=1

So the value of x is 1 and 2

Answer:

x=-1/2

x=1

x=-15

Step-by-step explanation:

Daniel buys a new car.

In the first year, the value of the car decreases by 12% of its original value.

The value of the car at the end of the first year is £9680.

(a) Work out the original value of the car.

The value of the car at the end of the first year is £9680.
In each of the second year, the third year, fourth year and the fifth year, the value of the car decreases by
x% of its value at the beginning of each year.
The value of the car at the end of the fifth year is £5000.
(b) Work out the value of x.
Give your answer correct to 3 significant figures.

Answers

Answer:

Step-by-step explanation:

Value of the car at the end of the first year = £9680

Depreciation = 12 %

Original price = £ x

If we reduce 12% of original price from x, we will get £9680

x - 12% of x  = £ 9680

[tex]x-\frac{12}{100}x=9680\\\\\\\frac{88}{100}x=9680\\\\x=9680*\frac{100}{88}\\\\x = 11000[/tex]

Original price  = £ 11000

plssssss help me answer this quickly

Answers

Answer:

Step-by-step explanation:

HELP ASAP ILL GIVE BRAINLIST

t/f Elimination will give you an exact answer to a system of equations.

t/f If substituting the test point produces a false solution, we shade on the opposite side of the line.

Answers

Answer:

TRUE Elimination will give you an exact answer to a system of equations.

FALSE If substituting the test point produces a false solution, we shade on the opposite side of the line.

Which numbers are integers? Check all that apply.
4
Negative 1 and one-third
-10
2.5
-4
0.ModifyingAbove 13 with Bar

Answers

Answer:

4,-10.-4

Step-by-step explanation:

intergers are whole numbers

Answer:

4

-10

-4

Step-by-step explanation:

got it right on edge

What is x² − 4x + 7 factored?

Answers

Answer:

The expression is not factorable with rational numbers.

x² − 4x + 7

Bài 2: Cho ∆ABC có AB AC = , M là trung điểm của BC . Trên tia đối của tia MA lấy điểm D sao cho MA = MD .
a) Chứng minh : ∆ ABM =∆ DCM .
b) AB // DC
c) AM ⊥ MC
d) Tìm điều kiện ∆ABC để góc ADC =30 °

Answers

hình nè kdowowndjlwlejrbnenabdbsbnwnwnsnsnjdjww

can i get some help solving this

Answers

Answer:

A =147 cm^2

Step-by-step explanation:

A = pi r^2

The radius is 7 and let pi = 3

A = 3*7^2

A = 3*49

A =147

Find the total surface area.

Answer Options:
A. 422 in²
B. 517 in²
C. 554 in²
D. 638 in²

Answers

Answer:

D. 638 in^2

Step-by-step explanation:

total surface area is just the sum of areas of each side of the cube

opposite sides have the same area

top and bottom = 9*11

sides = 11*9

front and back = 11*11

SA = 2(9*11 + 11*9 + 11*11)

SA = 2(99 + 99 + 121)

SA = 2(319)

SA = 638 in^2

eexpres -25/60 as a rational number whose denominator is -12​

Answers

Answer: 5/-12

Explanation

Divide both the denominator and the numerator by -5 to obtain the denominator of -12 and the numerator of 5.

5/-12

Hope this helps :)

Convertir 675 Faren a Kelvin (Con ecuaciones porfavor)

Answers

Answer:

(675°F − 32) × 5/9 + 273.15 = 630.372K

Hope it's right if not so sorry :)

In order to make a profit, a retailer will mark up the cost of an item. If the cost of the item is $42 but it is sold for
$89, what is the mark up rate for the item?
Round your answer to the whole percent.

Answers

About 112%. Hope this helps

Find the measure of a.

Answers

Answer:

a is 44 degree

Step-by-step explanation:

Consider the formula for the slope between two coordinate points, m, shown below.

Answers

Answer:

D

Step-by-step explanation:

m= (y2-y1)/(x2-x1)

m(x2-x1)= y2-y1

y2= m(x2-x1) + y1

Find the missing segment

Answers

?=4
Step by step explanation: 14/x=7/2 which gets you 7x/28, you divide both sides by 7 to get that x=4

Luke is swimming in still water at a constant speed of 3 meters/second.
If you graph this relationship with time along the x-axis and distance along the y-axis, the slope of the line representing this relationship is
.

A point on this line that corresponds to the distance Luke swam in 45 seconds is

Answers

Answer:

1. velocity

Step-by-step explanation:

that is the answer above

A recipe requires 500 mL of milk. You will make the recipe once a month for the next 4 months. You do not use milk other than for cooking. Which container of milk should you buy? (1L=1000 mL) *

Answers

Answer: 1 month = 500ml

4 month = 500ml × 4 = 2000ml = 2L

you should use the 2L container

Step-by-step explanation:

factories 2x^3+ 7x^2+ 7x +2 emergency pls ​

Answers

hope it helps you...............

Answer:

the answer is (x+1)(x+2)(2x+1)

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