Mathematics, 12.01.2021 18:00, lberries08

Simple and Compound Interest Direction : Analyze the problem given below, illustrate the two investments and compare simple and compound interest.

1.Mr. Henry received his back pay from a work abroad and wanted to quit as an OFW. He received P150 000.00. He plans to invest it for 5 years. An ABC bank offers him with 2% simple interest rate per year while the UNION bank offers him 2% compounded annually.

1. Make an Illustration of Simple and Compound Interest

2.If you were Mr. Henry which offer will you choose and why?

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 17:00, nataliahenderso

Acylinder and its dimensions are shown. which equation can be used to find v, the volume of the cylinder in cubic centimeters?

Answers: 3

continue

Mathematics, 21.06.2019 18:00, kezin

The sat and act tests use very different grading scales. the sat math scores follow a normal distribution with mean 518 and standard deviation of 118. the act math scores follow a normal distribution with mean 20.7 and standard deviation of 5. suppose regan scores a 754 on the math portion of the sat. how much would her sister veronica need to score on the math portion of the act to meet or beat regan's score?

Answers: 1

continue

Mathematics, 21.06.2019 19:40, spiritcampbell56

What is the range of the function? f(x)=-2|x+1|? a. all real numbers. b. all real numbers less than or equal to 0. c. all real numbers less than or equal to 1. d. all real numbers greater than or equal to 1

Answers: 2

continue

Mathematics, 21.06.2019 21:30, mandyangle01

Using pert, adam munson was able to determine that the expected project completion time for the construction of a pleasure yacht is 21 months, and the project variance is 4. a) what is the probability that the project will be completed in 17 months? b) what is the probability that the project will be completed in 20 months? c) what is the probability that the project will be completed in 23 months? d) what is the probability that the project will be completed in 25 months? e) what is the due date that yields a 95% chance of completion?

Answers: 3

continue

Do you know the correct answer?

Simple and Compound Interest Direction : Analyze the problem given below, illustrate the two invest...