Three friends decide that they each want to be able to buy a new bike in four years.
lliana pu...
![Mathematics](/tpl/images/cats/mat.png)
Mathematics, 30.08.2019 20:30, icee13
Three friends decide that they each want to be able to buy a new bike in four years.
lliana puts $500 in a savings account with a simple interest rate of 4%.
joann invests $515 in a standard savers account with a simple interest rate of 3%.
cyndy invests $500 in a junior achievers account with a 3.5% compound interest rate.
using the formula / - prt for simple interest and a=p(1+r) for compound interest, who will have the most money to spend on a
new bike at the end of the four years?
joann will have the most money, $576.80 for the bike
cyndy will have the most money, $580.00 for the bike.
cyndy will have $576.80, the most money for the bike.
lliana will have $580.00, the most money for the bike.
![answer](/tpl/images/cats/otvet.png)
Answers: 1
Other questions on the subject: Mathematics
![image](/tpl/images/cats/mat.png)
![image](/tpl/images/cats/mat.png)
![image](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 22:00, jladinosolarsee
If tan2a=cot(a+60), find the value of a, where 2a is an acute angle
Answers: 1
![image](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 22:30, muziqbox594
What is the name of a polygon that has four congruent sides and theses angle measures 60,120,60,120?
Answers: 1
Do you know the correct answer?
Questions in other subjects:
![Konu](/tpl/images/cats/User.png)
![Konu](/tpl/images/cats/ekonomika.png)
![Konu](/tpl/images/cats/es.png)
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 02.09.2020 02:01
![Konu](/tpl/images/cats/himiya.png)
Chemistry, 02.09.2020 02:01
![Konu](/tpl/images/cats/ekonomika.png)
![Konu](/tpl/images/cats/ekonomika.png)
![Konu](/tpl/images/cats/fizika.png)