Lila plans to open an account with a deposit of $12,000. She plans to invest the money for 8 years in one of the following accounts:
An account that pays an annual simple interest of 7.5%, or
An account that pays 6% interest compounded annually.
If Lila invests in the account that will earn her more interest over these 8 years, how much interest will she earn?

Answers

Answer 1

9514 1404 393

Answer:

  $7200

Step-by-step explanation:

The amount of simple interest can be found from ...

  I = Prt . . . . . . . where principal P is invested at annual rate r for t years

__

The amount of compound interest can be found from ...

  I = P((1 +r)^t -1) . . . . . same variable definitions

__

The amount of simple interest earned is ...

  I = 12000·0.075·8 = 7200

The amount of compound interest earned is ...

  I = 12000(1.06^8 -1) ≈ 7126.18

In this scenario, the simple interest account earns more interest. If Lila chooses that one, the amount of interest earned is $7200.

Lila Plans To Open An Account With A Deposit Of $12,000. She Plans To Invest The Money For 8 Years In

Related Questions

1. Find
the area of each figure to the nearest tenth.

Answers

Area = 85ft²

To find the area of the given square you can use the following equation

[tex]Area = Side^2\\Area = 8^2\\Area = 64[/tex]

To find the missing side of the given triangle, you will have to use Pythagorean's theorem

[tex]Short^2 + Long^2 = Hypotenuse^2\\Short^2 + 8^2 = 10^2\\Short^2 + 64 = 100\\Short^2 = 100 - 64\\Short^2 = 36\\Short= \sqrt{36} \\Short= 6 \\[/tex]

Now that we know what both sides are we can use the following equation to get the area of the triangle

[tex]Area = \frac{Side*Side}{2} \\Area = \frac{6*8}{2} \\Area = \frac{42}{2} \\Area = 21 \\[/tex]

After that, we can add both areas together and get the following

[tex]21+64=85[/tex]

A furniture manufacturing company manufactures dining-room tables and chairs. A table requires 8 labor-hour s for assembling and 2 labor-h ours for finishing. A chair requires 2 labor-hours for assembling and 1 labor-hour for finishing. The maximum labor-hours available p er day for assembly and finishing are 400 and 120, respectively. If x is the number of tables and y is the number of chairs produced per day, write a system of linear inequalities that indicates appropriate restraints on x and y.

Required:
Find the set of feasible solutions graphically for the number of tables and chairs that can be produced.

Answers

Answer:

See Annex   In blue feasible region ( using Geogebra)

Step-by-step explanation:

Table 1.-

                                         Assembling hours           finishing hours

Product (tables)  x                         8                                    2

Product ( chairs)  y                         2                                    1

Availability                                  400                                  120

Constrains:

1.-Availability of assembling hours  400

8*x   +  2* y    ≤  400

2.-Availability of Finishing hours

2*x  + 1*y  ≤  120

3.-General constraints

x ≥ 0    y  ≥  0   integers

RT and UW are parallel lines.

Which angles are corresponding angles?

Answers

UVX and RSV should be corrisponding angles

$10,000 is invested at 0.75% annual interest for 2 years.
a. Simple Interest b. Compound Interest

Answers

Answer:

The simple interest is 10,150.00 The compound interest is $10,150.56

Step-by-step explanation:

L
2.8
K
Solve AJKL. Round the answer to the nearest tenth.
A. J = 42.2°, K = 110.70, L = 27.1°
B. J = 110.70, K = 42.20, L = 27.1°
C. J = 42.2°, K = 27.1°, L = 110.70
D. J= 27.1°, K = 110.7°, L = 42.2°
Please select the best answer from the choices provided

Answers

Answer:

Result = 124.6

Step-by-step explanation:

If the digit after tenth is greater than or equal to 5, add 1 to tenth. Else remove the digit. Example

124.58

The first number of right of decimal point is 5

The second digit after decimal point is 8 which is greater than 5

So add 1 to 5

Result = 124.6

What is 1.63 to the third power

Answers

Answer: 4.330747

Step-by-step explanation: Hoped this helped:))

Answer:

4.330747

Step-by-step explanation:

what is 7.09 Divided by 101

Answers

Answer:

0.070198..

Step-by-step explanation: its an on going number so make sure to put the line on top on the 0198

If a cone has a height of 16 feet and a volume
of 603.19 cubic feet, find the length of its
diameter.

Answers

Answer:

48 feet

Step-by-step explanation:

Use the equation: volume of a cone = 1/3 ×(height × radius ^2)

After finding the radius, multiply it with 2 to get the diameter

SOLVE

270.6 is 16 1/2% OF WHAT NUMBER?

WILL GIVE BRAINLIST




X
X
X
X
X
X
X

Answers

Answer:

approximately

1623.6

Step-by-step explanation:

16 1/2%=.165 which is approximately equal to 1/6, so we can just multiply the original number by 6.

Find the perimeter of triangle round nearest tength

Answers

This is the answer. I hope it helps!

Select all the equivalent ratios of 3:1

Answers:
A. 9:3 ; 6:2
B. 2:6 ; 3:9
C. 12:4 ; 15:5
D. 18:6 ; 27:9

Answers

answers A,C, and D are equivalent to 3:1

Answer:

A,C

Step-by-step explanation:

Of those women who are diagnosed to have early-stage breast cancer, one-third eventually die of the disease. Suppose a screening program for the early detection of breast cancer was started in order to increase the survival rate p of those diagnosed to have the disease. A random sample of 200 women was selected from among those who were screened by the program and who were diagnosed to have the disease. Let x represent the number of those in the sample who survive the disease.

Required:
a. If you wish to determine the community screening program has been effective, state the alternative hypothesis that should be tested.
b. State the null hypothesis.
c. If 164 women in the sample of 200 survive the disease, can you conclude that the community screening program was effective? Test using αα=.05 and explain the practical conclusion from your test.
d. Find the p-value for the test and interpret it.

Answers

Answer:

A) Alternative hypothesis; Ha: p_o > ⅔

B) Null hypothesis;

H0: p_o = ⅔

C) There is sufficient evidence to support the claim that the community screening programme was effective

D) p-value = 0

Its less than the significance value and so we will reject the null hypothesis and conclude that the community screening programme was effective

Step-by-step explanation:

A) We are told that ⅓ of those diagnosed eventually die of the disease. Thus, ⅔ is the fraction that will survive the disease.

Thus, the null hypothesis is;

H0: p_o = ⅔

We are told that a screening programme was started to increase the survival rate. Thus,the alternative hypothesis is;

Ha: p_o > ⅔

B) null hypothesis is;

H0: p_o = ⅔

C) 164 out of the 200 women selected survived the disease.

Thus sample proportion is;

p^ = 164/200

p^ = 0.82

For the z-score value, we will use the formula;

z = (p^ - p_o)/√((p_o(1 - p_o)/n)

Now, p_o = ⅔ = 0.67

Thus;

z = (0.82 - 0.67)/√((0.67(1 - 0.67)/200)

z = 4.51

From online p-value from z-score calculator, we have p-value ≈ 0

This is less than the significant level of 0.05 and therefore we will reject the null hypothesis and conclude that the community screening program was effective.

D) p-value ≈ 0

Reject the null hypothesis

HELPPP A GIRL OUT pleaseeee

Answers

Answer:

i think is b sorry if im wrong

which is the smallest integers, please answer, -9, 0, -2, -4, -11​

Answers

Answer:

-11 :)

Step-by-step explanation:

Answer: 0

Step-by-step explanation:

Write the new points after the translation and write the rule in coordinate notation.
TRANSLATION: 1 unit left
Q
U
Q(2,-2), X(2,0), G(4,0), U(3,-4)​

Answers

Q ////////////////////////////


A random number generator is used to select a number from 1 to 100. What is the probability of selecting the number 167?

Answers

Well if it’s picking a number from 1 to 100 then the probability of it picking 167 would be 0 percent
1 out of 167? Not sure

A and B are independent events P(A)=0.50 P(B)=0.30 What is P(A/B)

Answers

Answer 0.50 hope this helps luv

Answer:

0.50

Step-by-step explanation:

just did it

I am voting in a state election. There are seven candidates for governor, four candidates for lieutenant governor, three candidates for the state house of representatives, and four candidates for the senate. In how many different ways can I fill out a ballot if I vote once for each office?

Answers

There are 20 different way to ballot vote which is the answer to a problem of sorts

Answer:

4

Step-by-step explanation:

CHOOSE 1 GOVERNOR

CHOOSE 1 LIEUTENANT GOVERNOR

CHOOSE 1 STATE HOUSE REP'.

CHOOSE 1 SENATOR

     =4 DIFFERENTNT WAYS.

(2a + 3b + 1) - (3a + 5b) - (2a - 2b – 3)

Answers

Answer:

4- 3a .............................

A shoe string is cut in to equal pieces that measure 0.50 of an inch. If the shoe string measures 7.50 inches, how many equal pieces can be cut?

Answers

15, all you gotta do is divide 7.50 by 0.50
15 is the correct answer

A researcher provides 10 children $100 each and another 10 children $20 each. She tracks how they decide to spend the money.

Which statement best describes the type of study the researcher is doing?


A. an observational study that is a statistical study
B. an observational study that is not a statistical study
C. an experimental study that is a statistical study
D. an experimental study that is not a statistical study​

Answers

Answer:

C is the answer

Step-by-step explanation:

Its An experimental study that is a statistical study because it provides the researcher drawing back statistics from the children and its experimental because its based off of an experiment

Option C is correct, an experimental study that is a statistical study.

What is Statistics?

Statistics is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data.

Given that a researcher provides 10 children $100 each and another 10 children $20 each. She tracks how they decide to spend the money.

We need to check the statement which best describes the type of study the researcher is doing.

An experimental study that is a statistical study because it provides the researcher drawing back statistics from the children and its experimental because its based off of an experiment

Hence, Option C is correct, an experimental study that is a statistical study.

To learn more on Statistics click:

https://brainly.com/question/29342780

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There are 64 teams in a basketball tournament. All teams play in the
first round but only winning teams move on to subsequent rounds.
Write an explicit rule for T(n), the number of games in the nth round of
the tournament. State the domain:

Answers

The domain of this function is n ≥ 1, where n is the round of the tournament.

What is domain and range of the function?

The domain and range are defined for a relation and they are the sets of all the x-coordinates and all the y-coordinates of ordered pairs respectively.

The explicit rule for T(n), the number of games in the nth round of the tournament is 2ⁿ⁻¹. The domain of this function is n ≥ 1, where n is the round of the tournament.

Since all teams play in the first round, the number of games in the first round (n = 1) is 2¹⁻¹, which is equal to 1. As the rounds progress, the number of games in each round is doubled. T

herefore, the number of games in the second round (n = 2) is 2²⁻¹, which is equal to 2. The number of games in the third round (n = 3) is 2³⁻¹, which is equal to 4.

This pattern continues for each round, as the number of games in the nth round is 2ⁿ⁻¹.

Therefore, the domain of this function is n ≥ 1, where n is the round of the tournament.

To learn more about the domain and range visit:

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Find the distance between the pair of points (2,-1) and (-5,-5)?

Answers

Answer:

down 4 and over 7 so 11

Step-by-step explanation:

If
you had 2 angles that equal 180 degrees and you was given a angle of
55 degrees What degree is the missing angle? *

Answers

Answer:

125 degrees for 540 degrees total

Step-by-step explanation:

Answer:

125° is the missing angle.

Step-by-step explanation:

Sum of all angles in a quadrilateral is 360°.

180°+55°+X°= 360°

235° + x = 360°

x = 360°-235°= 125°

x = 125°

Sade used the two blocks pictured to build a tower. What is the TOTAL VOLUME of the two blocks for this entire tower? * ​

Answers

Answer: V=120

have an amazing day <3

Answer:what is the answer i dont understand

plz help

40 POINTS!!!!Which of the following is not a polynomial?

Answers

Answer:

5x²

Step-by-step explanation:

because polynomials are the expressions where many terms are involved

A teepee in the shape of a cone has a
radius of 7 feet and a height equal to
its diameter. What is the volume of the
teepee? Use 3.14 for .

Answers

The volume of the given cone is 718.01 square feet. Therefore, option H is the correct answer.

What is the volume of a cone?

The volume of a cone is the amount of space occupied by a cone in a three-dimensional plane. A cone has a circular base, which means the base is made of a radius and diameter. The volume of a cone formula is 1/3 πr²h.

Given that, radius of a base of cone is 7 feet.

A height of a cone equal to its diameter = 7×2 = 14 feet

Here, volume of a cone = 1/3 ×3.14×7²×14

= 718.01 square feet

Therefore, option H is the correct answer.

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Describe the trend in the scatter plot . Explain your answer

Answers

It is a positive plot with a strong strength and no outliers.

From the given scatter plot it is a positive trend.

We need to describe the trend of given scatter plots.

How to identify the trend of the scatter plots?

A scatter plot shows a positive trend if y tends to increase as x increases. A scatter plot shows a negative trend if y tends to decrease as x increases. A scatter plot shows no trend if there is no obvious pattern.

Here, from the given graph it is a positive trend.

Hence, from the given scatter plot it is a positive trend.

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Pls help I’ll brainlest ASAP

Answers

Answer:

B

Step-by-step explanation:

B is the best choice because the sample is random and represents a small portion of the entire school. The other choices are targeted for a specific group that wouldn't represent all students.

Answer:

B

Step-by-step explanation:

Is the graph increasing , decreasing or constant

Answers

Answer: Constant.

The graph does not have an incline and therefore has a slope of 0. This means that the graph is constant.

The graph is staying constant. The graph is not increasing nor decreasing.
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