subject
Mathematics, 14.04.2020 18:27 Izzyfizzy

Three friends decide that they each want to be able to buy a new bike in four years. IIiana puts $500 in a savings account with a simple interest rate of 4%. Joann invests S515 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 s

1. a new bike at the end of the four years?
2. Joann will have the most money, $576.80 for the bike
3. Cyndy will have the most money, $580.00 for the bike.
4. Cyndy will have $576.80, the most money for the bike
5. Wana will have $580.00, the most money for the bike.

ansver
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 21:50, libi052207
Free points also plz look my profile and answer really stuff
Answers: 2
image
Mathematics, 22.06.2019 00:30, sadcase85
Astrid spent $36 on new shoes. this was $12 less than twice what she spent on a new skirt. part a: which equation would solve for how much she spent on the skirt? part b: solve the equation in the workspace provided below. how much did astrid spend on her skirt?
Answers: 1
image
Mathematics, 22.06.2019 01:00, loganharper992
Which of the following values in the set below will make the equation 5x + 6 = 6 true? (only input the number.) {0, 1, 2, 3, 4}
Answers: 2
image
Mathematics, 22.06.2019 02:30, icameforhelp
3/4 + p = 1/2? i’m not sure how to solve it
Answers: 1
You know the right answer?
Three friends decide that they each want to be able to buy a new bike in four years. IIiana puts $50...

Questions in other subjects: