Carlos is looking at different savings account options to save for college. First Bank offers 1% interest compounded annually. Community Bank offers 2% simple interest. If Carlos is depositing $1,000 into the account for four years with no additional withdrawals or deposits, which bank is the better choice?

Community Bank is the better choice.

Step-by-step explanation:

-We calculate the interest earned on the principal over 4 years for the different banks:

#First Bank, i=0.01, P=$1,000

Hence, the interest earned on the principal is $40.60

#Community Bank, i=0.02,P=$1,000, the interest earned, I, over 4 years is:

The simple interest earned is greater than the compound interest earned:

Hence, Community Bank is the better choice.

is there supposed to be a diagram or a graph for this one? ?

step-by-step explanation:

the degrees would remain the same ( the number to the left of the decimal point.

the multiply the decimal by 60 to get the minutes and use the numbers to the left of the decimal point.

then multiply the decimal portion of that by 60 for the seconds and round off as needed.

39 .956652

the 39 remains the degrees.

the minutes = 0.956652 x 60 = 57.39912

the minutes = 57

the seconds = 0.39912 x 60 = 23.95 = 24 ( rounded to nearest tenth)

so 39.956652 = 39 degrees, 57 minutes and 24 seconds

-75.159809

the -75 remains the degrees

the minutes = 0.159809 x 60 = 9.58854

the minutes = 9

the seconds = 0.58854 x 60 = 35.31, rounded to nearest tenth = 35.3 seconds

so -75.159809 = -75 degrees, 9 minutes and 35.3 seconds.

the first coordinate is north or south, since it it positive it is north.

the second number is east or west, because it is negative it is west.

39 degrees, 57 minutes and 24 seconds n

-75 degrees, 9 minutes and 35.3 seconds w