Nicole deposits $90,000 into an account that pays 2% interest per year, compounded annually.
C...
Mathematics, 13.04.2020 20:17 anthonyvargas8780
Nicole deposits $90,000 into an account that pays 2% interest per year, compounded annually.
Chris deposits $90,000 into an account that also pays 2% per year. But it is simple interest.
Find the interest Nicole and Chris earn during each of the first three years.
Then decide who earns more interest for each year.
Assume there are no withdrawals and no additional deposits.
Year
Interest Nicole earns
(Interest compounded annually)
Interest Chris earns
(Simple interest)
Who earns more interest?
First
SD
Nicole earns more.
Chris earns more.
They earn the same amount.
Second
Nicole earns more.
Chris earns more.
They earn the same amount.
Third
Nicole earns more.
Chris earns more.
They earn the same amount.
x
?
Answers: 3
Mathematics, 21.06.2019 17:30, zylovesnesha
If jaime wants to find 60% of 320, which table should he use?
Answers: 1
Mathematics, 21.06.2019 23:20, amylumey2005
The following hormone had their receptors in the cell membrane except a-insulin b-tsh c-gh d- cortisol
Answers: 2
Mathematics, 21.06.2019 23:50, davfar334p47luq
Given δjkl : δxyz, find x. a)10 b)12 c)16 d)20
Answers: 2
Mathematics, 19.01.2021 21:40
English, 19.01.2021 21:40
Biology, 19.01.2021 21:40
Mathematics, 19.01.2021 21:40
Arts, 19.01.2021 21:40