Neil puts 1500 pounds in the bank,at a rate of 3% compound interest.
Jerry puts 1500 pounds in the bank at a rate of r % simple interest.


After 5 years they have the same amount.

Find r

Answers

Answer 1

When Jerry puts 1500 pounds in the bank for 5 years then the rate of interest which makes the amount equal for Jerry and Neil is 1.85%.

Given Neil puts 1550 pounds in the bank, at a rate of 3% compound interest.

we need to calculate the total amount and interest at the end of 5 years.

P=1500 pounds

r = 3%

n = 5 years.

A = P(1+r/100)ⁿ

A = 1500(1+3/100)⁵

A = 1500(103/100)⁵

A = 1500 × 103/100 × 103/100 × 103/100

A = 3278181/2000

A = 1639.09

C.I = A-P

= 1639.09 - 1500

= 139.09

From the question, After 5 years they have the same amount.

Therefore we use the amount to calculate rate of interest as :

A = 1639.09

Simple interest = 1639.09 - 1500

= 139.09

Therefore, P = 1500

I = 139.09

t = 5 yrs

R = (100×I)/(P×t)

R = (100×139.09)/(1500×5)

R = 1.85%

Hence the rate of interest is 1.85%.

Learn more about Simple interest here:

brainly.com/question/25793394

#SPJ1


Related Questions

URGENT!! ILL GIVE
BRAINLIEST! AND 100 POINTS

Answers

Use the Pythagorean theorem to solve for c using the lesser two sides.

The answer is A.

Factorise fully 3x² -75

Answers

Answer : 3(x - 5)(x + 5)

example 3(x 2 - 25)

               3x2 - 75

sorry about what happened but I hope this helps have a great day

9. Solve
x(c- b) = g solve for x

Answers

Step-by-step explanation:

x(c - b) = g

divide through by (c - b)

x(c - b) = g

(c - b) (c - b)

x = g/ (c - b)

Help me with this please thanks

Answers

Answer: the function only intersects the y axis

Step-by-step explanation:

Answer:

The function only intersects the y axis.

Step-by-step explanation:

See the attached worksheet.

URGENT!!!!!
math assignment(not to be confused with assessment) that I need help with

Answers

The statements that are true in the lines of construction of the straightedge and compass construction which makes use of congruent circles, are;

Line EF is the perpendicular bisector of segment BD

Line EF is the bisector of angle BAC

How are a compass and straightedge used to construct geometric figures?

Geometric figures are constructed using a compass and a straightedge, by using outlined steps or procedures.

From the diagram, given that the circumference of the circle with center B passes through the center of the circle with center D, and vice versa, we have;

Circle B is congruent to circle D

Construction of Perpendicular Bisector to Line BD

The steps to construct a perpendicular bisector to the segment BD includes;

Placing the compass at point B and draw an arc above and below segment BC then place the compass at point D then draw arcs above and below the segment BD to intersect the previous arcs drawn from point B. at points E and FJoin the point of intersection of the two arcs which are the points E and F to complete the the construction of the perpendicular bisector of segment BD

Therefore;

Line EF is the perpendicular bisector of segment BD

The steps to construct the angle bisector of angle BAC

The angle bisector can be constructed by using the following steps

Place the compass at point A which is the vertex of the angle, and draw arcs to intersect the arms of the angle at B and D Place the compass at points B and D and draw arcs above BD to intersect at point F which is on the of BD away from point AJoin FAV to complete the construction of the bisector of angle BAC

Which gives;

Line EF is the bisector of angle BAC

Learn more about construction of geometric figures here:

https://brainly.com/question/17834363

#SPJ1

Shen invested in a savings bond for 6 years and was paid simple interest at an annual rate of 3% . the total interest that he earned was $1620 . how much did he invest?

Answers

The principal amount invested by Shen in the saving bond is $9,000.

What is explained as the simple interest?Simple interest is a simple and fast method to calculate the interest on a loan. Simple interest is calculated by multiplying this same daily interest rate even by principal multiplied by the amount of days between payments.

As per the given question;

The formula for simple interest is-

SI = PRT/100

Principal be 'P'Simple Interest SI = $1620.Time t = 6 yearsRate of interest R = 3%.

Put the values;

SI = PRT/100, write the formula in the terms of P

P = 100×SI/RT

P =  100×1620 / (3×6)

On simplification;

P = 9,000

Thus, the amount invested by Shen in the saving bond is $9,000.

To know more about the simple interest, here

https://brainly.com/question/25793394

#SPJ9

I need help ASAP 15 points

Answers

The value of x is 9 and the mistake that Maggie made is that she did use the proper operation sign when rearranging the numbers.

How to find vertical opposite angles?

When any two straight lines intersect each other, then four angles are formed. The angles that are directly opposite to each other are known as opposite angles. They are also called vertical angles or vertically opposite angles.

Now, from the image attached, we see that the two given angles are opposite angles and as such they are congruent. Thus, we have;

4x + 2 = 7x - 25

Rearrange to collect like terms on same side to get;

7x - 4x = 25 + 2

3x = 27

x = 27/3

x = 9

The mistake that Maggie made is that she did use the proper operation sign when rearranging the numbers.

Read more about Vertical Opposite angles at; https://brainly.com/question/68367

#SPJ1

Miranda has the following income and expenses:
$550 bi-weekly paychecks
$60 cell phone
$85 car insurance

$195 car payment
• $55 HULU
• $575 rent
How much are Miranda's total monthly expenses?

Answers

The amount of Miranda's total monthly expense is  $970.

What is the meaning of an expenses?

Basically, an expense refers to any cost of operations that a company incurs to generate revenue. It also means the cost that one is required to spend on obtaining something.

In a typical firm, the common expenses include a payment to suppliers, employee wages, factory leases, equipment depreciation etc.

in the question context, the expenses are:

$60 cell phone$85 car insurance$195 car payment$55 HULU$575 rent

Total monthly expenses = $60 + $85 + $195 + $55 + $575

Total monthly expenses = $970.

Read more about expense

brainly.com/question/25169847

#SPJ1

Help plhyhrfdhfgtsgf

Answers

Answer:

60000

Step-by-step explanation:

Answer:

60000

Step-by-step explanation:

6 × [tex]10^{4}[/tex] =

6 × 10000 =

60000

HELP PLEASEEEEEEEEEEEEE!!!!!!

Answers

∠1 and ∠4 are supplementary angle in transversal line .

What is a transversal angle?

When a transversal splits two parallel lines, the two intersections create a number of angles. Transversal angles are what those are.A transversal is a line that crosses a network of lines, according to the definition. Transversals include, for instance, a line that crosses a set of two parallel lines.A transversal line is one that crosses two other lines at two different locations. Line l meets a and b in the picture below at two different locations, P and Q. Line l is the transversal line as an outcome.

1) ∠6 ≅ ∠8   congruent angle.

2) ∠6 = ∠1 and ∠8 = ∠3    are Verical angles.

3) ∠1 and ∠4 are supplementary angle.

Learn more about Transversal angles

brainly.com/question/9610896

#SPJ13

A hot utensil kept away from the flame and cools down. Name and define the process of heat transfer invloved in given example

Answers

The process of heat transfer in this example is called conduction. Conduction is the transfer of heat between two objects that are in direct contact with each other.

55 is the difference of Chrissy's height and 21.
Use the variable to represent Chrissy's height.

Answers

The value of Chrissy's height from the problem is 76

What is an equation?

An equation is an expression that shows the relationship between two or more numbers and variables.

Equations are classified based on degree (value of highest exponents) as linear, quadratic, cubic and so on. Variables can be dependent or independent. Dependent variables depend on other variable while an independent variable do not depend.

Let x represent Chrissy's height. 55 is the difference of Chrissy's height and 21. Hence:

x - 21 = 55

x = 76

Find out more on equation at: https://brainly.com/question/2972832

#SPJ1

i need help fast pls be correct

Answers

1) The rule of transformation is described as; A: A rotation 90° clockwise about the origin

2) The value of x is; 2

3) The value of x is 10

4) The slope of the line is; 2

How to Interpret rule of transformation?

1) The rule of transformation for When the point M (h, k) is rotated through 90° clockwise about the origin, the point M (h, k) takes the image M' (k, -h). Thus, that is the rule here.

2) From the given image, we can tell that the angles 50° and 26x - 2 are corresponding angles. Thus, they are congruent and we have;

26x - 2 = 50

26x = 52

x = 2

3) From the given image, we can see that the given angles are supplementary and as such they add up to 180 degrees. Thus;

9x + 15 + 6x + 15 = 180

15x + 30 = 180

15x = 150

x = 10

4) Slope is;

m = (y2 - y1)/(x2 - x1)

m = (1 - (-3))/(1 - (-1))

m = 4/2

m = 2

5) Same question as the first one.

Read more about Rule of Transformation at; https://brainly.com/question/4289712

#SPJ1

This morning, the owner of Sam's Spaghetti House withdrew $180 from the restaurant's bank account to pay for an oven repair. This afternoon, he deposited $430 from lunch sales.
What is the total change in the restaurant's bank account relative to where it started

Answers

Answer:

The restaurant is at a profit of $250

Find the area of the figure. (Sides meet at right angles.)
3 m
8 m
5 m
5 m
10 m

Answers

3 x 5 x 5 x 8 x 10 = 6,000

3 x 5 = 15, 15 x 5 = 75.

8 x 10 = 80.

75 x 80 = 6,000

30 kilograms of beans cost $5 how many beans can you buy for $1

Answers

Answer:

6kg

Step-by-step explanation:

5 to 30 ratio

1 to 6 ratio

Answer:

30/5=6

6 kg beans for $1

Plsmark as brainliest

5. Which number is the smallest?

2.2458103 x 10^-6
2x10^-5
3.215 × 10^-7
3x10⁰

HELP

Answers

Answer: 3.215 × 10^-7

Step-by-step explanation:

The exponent is smaller than all of the others, so it's the smallest.

Help on these please

Answers

Answer:

a)16777216

b)279936

c)32768

d)49

Plss mark as brainliest

Answer:

ok!

a) 4^9 ×4^3=4^9+3=4^12

b) 6^5 ×6^2=6^5+2=6^7

c) 8^6 ÷8=8^6-1 =8^5

d) 7^8÷7^6=7^8-6=7^2

Pls mark me as brainliest.

I answered first.

Step-by-step explanation:

It's simple!

If there is multiplication, add the powers.

If there is division, subtract the powers.

the given family of functions is the general solution of the differential equation on the indicated interval. find a member of the family that is a solution of the initial-value problem. y

Answers

the given family of functions is the general solution of the differential equation on the indicated interval y=[tex]7/2e^{x} -7/2e^{-x}[/tex]

What is differential equation?

Equations which involves functions and its derivative is known as differential equation. these equations are highly used to model behaviour of complex system.

How to solve?

y(x) = [tex]C_{1} e^{x}+C_{2}e^{-x}[/tex]

y(0) = [tex]C_{1} +C_{2}[/tex]

0 =[tex]C_{1} +C_{2}[/tex]  --------------------------------------------------(1)

y'(x) =   [tex]C_{1}e^{x} -C_{2}e^{-x}[/tex]

y'(0) =  [tex]C_1- C_{2} }[/tex]

7 =  [tex]C_{1}-C_{2}[/tex] -------------------------------------------------(2)

From Equation 1 and 2

[tex]C_{1} +C_{2}[/tex] = 0

[tex]C_{1} -C_{2}[/tex] = 7

[tex]C_{1}[/tex] = 7/2

[tex]C_{2}[/tex] = -7/2

y=[tex]7/2e^{x} -7/2e^{-x}[/tex]

the complete question is

The given family of functions is the general solution of the differential equation on the indicated interval. Find a member of the family that is a solution of the initial-value problem. y = c1ex + c2e−x, (−∞, ∞); y'' − y = 0, y(0) = 0, y'(0) = 7

learn more about of differential here

https://brainly.com/question/13008235

#SPJ4

a farmer grew 8,914 bushels of corn. he delivered corn to different stores using his truck. his truck can carry 336 bushels of corn in one load. what was the least number of loads the farmer made to deliver all the corn to the stores?

Answers

Answer:

The farmer had to do 27 loads.

Step-by-step explanation:

Basically the easy way to do this is to grab a calculator (or the paper and pen way) and keep adding 336 until you get to 8914.

Once you add it all you will see there is a remainder of his corn left (that has not been delivered):178

Even though it isn't a full 336, the farmer would still have to make another trip.

336*26=8,736

So, adding the remainder into it's own load, we would get:

27.

oh so Sorry about that Here it is

Answers

Answer:

y = 1/4x + 1

1/4 is the slope and 1 is the y-intercept

1) Draw a graph that:
a. Has a x-intercept of (1,0)
b. Has a y - intercept of (0,3)
c. Is continuous
d. Is a 1:1 function
e. Is linear

Answers

Answer:

the answer is c

Step-by-step explanation:

A school wants to create a census to identify the favorite subject of students. Which description describes who they should ask?

all students their favorite subject in school
all sophomores their favorite subject in school
all staff their favorite subject in school
all male students their favorite subject in school

Answers

Answer:

all students their favorite subject in school

A stack of 30 science flashcards includes a review card for each of the following 10 insects, eight trees eight flowers, 4 birds. What is the probability of randomly selecting a TREE or a FLOWER?

Answers

Explanation

From the statement, we know that stack of 30 science flashcards has:

• 10 with insects,

,

• 8 with trees,

,

• 8 with flowers,

,

• 4 with birds.

The probability of selecting a tree or a flower is given by:

[tex]P(\text{tree or flower})=\frac{\text{\# of trees + \# of flowers}}{\text{total \# of cards}}=\frac{8+8}{30}=\frac{16}{30}=\frac{4}{15}.[/tex]Answer

4/15

What is a good job for people with dyslexia, but also love mathamatics?

Answers

Web designer
Lawyer or judge
Professor
Social media manager
These are a few that would still involve math but are good jobs for people with dyslexia

Three-fourths of students in your classroom like chocolate chip cookie dough ice cream. One-half of these same students also like mint-flavored ice cream. What fraction of students in your classroom like both flavors?
ANSWER FOR 100 POINTS

Answers

The fraction of the students in the classroom that like both flavors is 1/4.

How to calculate the fraction?

From the information, three-fourths of students in the classroom like chocolate chip cookie dough ice cream and one-half of these same students also like mint-flavored ice cream.

The fraction of the students in the classroom that like both flavors will be the addition of both flavors subtracted from 1. This will be illustrated as:

= (3/4 + 1/2) - 1

= 3/4 + 2/4 - 1

= 5/4 - 1

= 1/4

The fraction is 1/4.

Learn more about fractions on:

brainly.com/question/17220365

#SPJ1

86,794 magazines/day = magazines/week

Answers

1 week is 7 days.

86,794(7) = 607,558 magazines/week

josie took a total of 24 quizzes over the course of 6 weeks. after attending 10 weeks of school this quarter, how many quizzes will josie have taken in total? solve using unit rates.

Answers

In linear equation, 42 units quizzes will josie have taken in total.

What is a formula for linear equations?

A linear equation has the slope-intercept form y = mx + b. Variables in the equation are x and y.When x is 0, the integers m and b provide the line's slope (m) and the value of y. (b).Because (0,y) is the location where the line crosses the y-axis, the value of y when x is 0 is referred to as the y-intercept.

josie took a total = 24 quizzes

the course  =  6 weeks

quizzes will josie have taken = 24/6 = 4

after attending 10 weeks of school this quarter = 10 * 4 = 40 units

Learn more about linear equation

brainly.com/question/11897796

#SPJ9

name one ray?
i’m not sure which is a ray .. lol

Answers

Answer: Ray BA and Ray BC

Explanation:

A ray starts at at a fixed point and moves forever in one direction. If we break line AC into two parts BA and BC, then we can form two opposite rays. Another ray points to the right but the letter marked for this isn't clear, so I'm not sure what to write for that ray. Same goes for the dashed ray that points to the left.

BD is a segment because both endpoints are fixed. We don't have either side extending forever in that direction.

I’m pretty sure Ray BA and Ray BC.

Henry and his children went into a restaurant that sells drinks for $2 each and tacos for $4 each. Henry has $40 to spend and must buy at least 14 drinks and tacos altogether. If x represents the number of drinks purchased and y represents the number of tacos purchased, write and solve a system of inequalities graphically and determine one possible solution.

Answers

One possible solution for the system of inequalities that models the situation is: (5,7), when he purchases 5 drinks and 7 tacos.

What is a system of inequalities?

A system of inequalities is when multiple variables are related in a context, and then inequalities are built to find the numeric range of values that each variable can assume, according to the constraints in this problem.

For this problem, the variables are defined as follows, as stated in the text:

Variable x: number of drinks purchased.Variable y: number of tacos purchased.

Both amounts cannot assume negative values, hence the first constraints are:

x ≥ 0.y ≥ 0.

He must buy at least 14 drinks, hence:

x + y ≥ 14.

He must spend at most $40, hence, considering the price of each item, the constraint is given by:

2x + 4y ≤ 40.

The graphic solution to the inequality is given at the end of the answer. One possible solution is of (5,7), meaning that he buys 5 drinks and 7 tacos.

More can be learned about a system of inequalities at https://brainly.com/question/9774970

#SPJ1

Other Questions
Does the floor surface affect her for a ball can roll? turn to rap set up one ramp is made of wood and want to smooth. the other ramp is covered in grass a baseball is lego not push from the top of the ramp the rams are both the same height and the same way after letting go of the ball the distance between the ramp and where the bus stop is measured the length is measured in centimeters using a meter stick. what are two controls? A phospholipid has two parts - a phosphate head which is ____and fatty acid tails which are _____ Write an equation of a line that is perpendicular to y = 3x + 3 and passes through (6, 3). y equals negative one-third times x plus 1 y equals negative one-third times x minus 5 y = 3x + 21 y = 3x 15 The number of neutrons does equal the ______ minus the _______ , or number of _____ Which law passed by Congress permitted the territories north of the 1820 Missouri Compromise 36 30' latitude line to use popular sovereignty to determine if slavery wouldbe legal in its state?A- Kansas-Nebraska ActB- The Fugitive Slave ActC- The Reconstruction Act what is the third step in the actions employers should take when creating and implementing electronic communications policies? monitor electronic use for business purposes only. develop an electronic communications policy. communicate the policy to employees. obtain signed permission from employees to say they understand the policies. 6Select the correct image.Rachel wants to send an IM to her supervisor, Darren, with a work-related question. Which image shows the appropriate status Darren should havefor Rachel to send him an IM? Which value must be added to the expression x - 8x to make it a perfect-square trinomial?04O-16O-4O 16 During the "Golden Age of Islam," which of these was MOST true of non-Muslims living under Abbasid rule? The compositions f(g(x)) and g(f(x)) of functions f and g are shown on the graph. Which statements describe the compositions? Check all that apply. f(g(x)) = g(f(x)) for at least one value of x. The composition of f and g is commutative. f(g(0)) = 5 and g(f(2.5)) = 5. Both f(g(x)) and g(f(x)) have the same domain. The graphs show that function composition is not commutative. Can the numbers 12, 6, 6 be used to form the sides of a triangle? Why or why not Create a modern-day version of To Kill a Mockingbird. You cut your finger and your are bleeding profusely. It appears to be only in the epidermis. Is this true or false? Name anatomical parts to either defend or justify your answer. Areferencetosomethinghistorical religious,orpopular. In the 1980s, a comic book titled Teenage Mutant Ninja Turtles was first published. It was such a hit that a string of movies and TV shows soon followed.Teenage Mutant Ninja Turtles is considered a cult classic, with new movies and TV episodes coming out more than 30 years later. The main characters of the comic book are named for four of the most famous Renaissance artists.Which artists are they?Which of these artists do you feel is the most well-known?Which of these artists do you feel is the least well-known? Review and evaluate the following: By the given y = 2x + 1 x, what is the value of y when: 1. x=0 2. x = 1 3. x = 2.5 4.x = 1/3 5. x=a Which one of these pictures is not like the others? Explain what makes it different using ratios. How is blockchain different from traditional database models?Blockchain can lead to increased transparency and trust in data, ultimately driving more innovation, improved productivity, and quality.Blockchain prohibits transparency by redefining the fundamental nature of business ecosystems and business flows.Blockchain provides multiple versions of the data that can be kept by individual entities.Blockchain increases innovation; however, it decreases productivity and quality.I don't know this yet. a construction company has found it has a probability of 0.10 of winning each time it bids on a project. the probability of winning a given number of projects out of 12 bids could be determined with a binomial distribution. Correct the mistakes.1 You'd not better be late for your interview.2 We would better go soon.3It's high time you tidy your bedroom.4 We'd better to do the washing-up.5 I'd rather the guests come at eight o'clock.6Unless you don't study, you won't pass the exams.I wish we would afford a new car.78If you will need any help. just call me.