Chenelle has a savings account that earns 5% simple interest each year. She can only deposit small amounts into her account each month. Should Chenelle keep her account open even though she can deposit only a small amount each month?

Answers

Answer 1

Answer:

Yes, she should.

Step-by-step explanation:

5% may not seem like a lot. Lets say she deposits $20 per month. That's $240 a year. Lets also say you keep this for 6 years, you'll have $72 from interest. The more amount she puts in the more she'll gain.

First, converting R percent to r a decimal

r = R/100 = 5%/100 = 0.05 per year,

then, solving our equation

I = 240 × 0.05 × 6 = 72

I = $ 72.00

The simple interest accumulated

on a principal of $ 240.00

at a rate of 5% per year

for 6 years is $ 72.00.

Answer 2

Yes, she should keep  her account open even though she can deposit only a small amount each month.

Calculation of keeping the account:

Since Chenelle has a savings account that earns 5% simple interest each year.

So here we assume that she deposit $20 per month

So for year it should be 240

And the number of years should be 6 so the interest be like 72

Now

I = 240 × 0.05 × 6

I = 72

Hence, Yes, she should keep  her account open even though she can deposit only a small amount each month.

Learn more about interest here: https://brainly.com/question/24455071


Related Questions

I need help :( (there's a photo)

Answers

Answer:

C5. 2.88

C6 25

C7 3

C8 6

C9 60

C10 5

Answer:

1. 8%  2. 25%   3. 3%   4. 6%   5. 60%   6. 5%   7. 42%   8. 51%   9. 11%   10. 150

Step-by-step explanation:

This took forever

If m_1=37º, what is m_4?

Answers

Answer: 148

Step-by-step explanation: so you will do 37 times 4

A horse weight is 700lb and needs medication that is 10mg per 100kg what is the horses weight in kg?

Answers

Answer:

315 kg

Step-by-step explanation:

to find the weight of the horse:

1lb = 0.45 kg (rounded the .45)

(700lb) x (0.45)= 315

to find how much medicine they need:

315/10= 31.5

the horse wieghs 315kg meaning that they would need 31.5mg of medication.

There are 50 U.S states. seven twenty-fifths of the state share a land border with Canada or Mexio of those 2/7 share a border with mexio how many states share a border with Canada?????

Answers

thirteen states share a border w canada

There are 20 states that share the border with Canada.

What is subtraction?

Subtraction is a mathematical operation. Which is used to remove terms or objects in the expression.

Given:

There are 50 U.S. states.

Seven twenty-fifths of the state share a land border with Canada or Mexico.

That means,

7[tex]\frac{20}{5}[/tex]

= 7 x 4

= 28

a number of 28 states share the border with Canada or Mexico.

Of those 2/7 share a border with Mexico,

that means, the number of,

= 28 - 28 x 2/7

= 28 - (4 x 2)

= 28 - 8

= 20 states share the border with Mexico.

Therefore, the required number is 20.

To learn more about subtraction;

https://brainly.com/question/2346316

#SPJ2

If a field's length is 75m and breadth is 50m then what is the area?

Answers

Answer:

3750m^2 is it's area hope it helps

Answer:

3750m²

Step-by-step explanation:

75x50=3750

The angles with measures x and 4x are complementary angles. Which is the value of x2 4x​

Answers

Answer:

I LIKE BUTTT

Step-by-step explanatioBIG bozi

Need help again please

Answers

Answer:

F.

Step-by-step explanation:

Answer:f

Step-by-step explanation:

Please help me!!....

Answers

Given:

The parent function is

[tex]f(x)=x^2[/tex]

The graphs of f(x) and g(x) are given.

To find:

The function g(x).

Solution:

From the given graph it is clear that the graph of f(x) is reflected over the x-axis and shifted 3 units down to get the graph of g(x).

The translation is defined as

[tex]g(x)=kf(x+a)+b[/tex]                .... (1)

Where, k is stretch factor, a is horizontal shift and b is vertical shift.

If 0<k<1, then the graph compressed vertically by factor k and if k>1, then the graph stretch vertically by factor k. If k<0, then the graph of f(x) reflected over the x-axis.

If a>0, then the graph shifts a units left and if a<0, then the graph shifts a units right.

If b>0, then the graph shifts b units up and if b<0, then the graph shifts b units down.

From the given graph it is clear that the graph of f(x) is reflected over the x-axis and shifted 3 units down to get the graph of g(x). So, k=-1, a=0 and b=-3.

[tex]g(x)=(-1)f(x+0)+(-3)[/tex]

[tex]g(x)=-f(x)-3[/tex]

[tex]g(x)=-x^2-3[/tex]          [tex][\because f(x)=x^2][/tex]

Therefore, the required function is [tex]g(x)=-x^2-3[/tex]. So, the correct option is B.

what are the expressions that are equivalent to 2x + 3x + 8 - 3x - 2​

Answers

Answers that equivalent to the expression 2x+3x+8-3x-2 would be the choices A and C. If you notice, in choice A, you have just combined all the like terms which results in 2x+6 and in Choice C, you have combined all your constants and the the two terms 2x and 3x resulting in 5x-3x+6 which all remain equivalent to he original given expression

what is twice a number x, minus 14

Answers

Answer:

the twice a number of 14

Step-by-step explanation:

14-2 11

prove that parallelogram circumscribing a circle is a rhombus​

Answers

Answer:

Answer:

Step-by-step explanation:

I hope it's helpful!

Ten subtracted from the quotient of a number and 7 is less than -6

Answers

Answer: (x ÷ 7) - 10 < -6

Step-by-step explanation:

Find the value of x in the following proportion:

Answers

Answer:

12

Step-by-step explanation:

Ella wants to buy apples and strawberries to make a fruit tart. Apples cost 3.50 per pound and strawberries cost 3.75 per pound. How many pounds of fruit does she buy if she buys 0.5 pounds of apples and 1.5 pounds of strawberries? How many pounds of fruit does she buy if she buys x pounds of apples and y pounds of strawberries?

Answers

Answer:

2 pounds of fruit

x+y pounds of fruits

Step-by-step explanation:

The first questions asks for total amount of fruit she bought. Before that, it stated, she bought .5 pound and 1.5 pounds of apples and strawberries. The equation would be 1.5+.5= 2. The next question is asking for the total amount of fruits if X was total pounds of apples while Y was total pound of strawberry. It is again asking for the total amount so the equation would be x+y= total.

Evaluate each expression if: a = 5, b = 3, and c = 4.
4) 6a-4b5)
I

Answers

Answer:

-30

Step-by-step explanation:

Simply substitute the values in for the variables:

6(5) - 4(3)(5)   ~ parentheses indicate multiplication in this case

30 - 60 = -30

If 3 varies inversely as x and y=2 when x=25, find x when y=40

Answers

since y varies inversely as x , the equation is y=k/x....... Then you plug in 2 for y and 25 for x to find K....... After that you get K= 50...... Then plug in 50 for K and 40 for y then solve for x....... After that you get X= 1.25

y
is directly proportional to
x
2
.
If
y
=
12
when
x
=
2
find
y
when
x
=
6

Answers

Write it well, I don't understand

You are buying a video game that is on clearence. The original price was $60. It is $42 off the original price.

What is the percent of change?

Is it an increase or a decrease?

Answers

Answer:

20%,decrease

Step-by-step explanation:

60-42=12

increase÷original×100

=12÷60x100

=20%

decrease

Please show work and answer correctly :D (Please dont answer until hanifa answers thank you!)

Answers

Answer:

1 3/4, 5 2/3, 7 11/27, 12 1/4, 1 7/8, 2 10/11

Step-by-step explanation:

1/5( 9 - 1/4) = 1/5( 8 3/4) = 1/5*35/4 = 7/4 = 1 3/43/7(14 - 7/9) = 3/7(13 2/9) = 3/7*119/9 = 17/3 = 5 2/35/9(14 - 2/3) = 5/9(13 1/3) = 5/9*40/3 = 200/27 = 7 11/277/9(16 - 1/4) = 7/9(15 3/4) = 7/9*63/4 = 49/4 = 12 1/41/4(8 - 1/2) = 1/4(7 1/2) = 1/4*15/2 = 15/8 = 1 7/81/7(21 - 7/11) = 1/7( 20 4/11) = 1/7*224/11 = 32/11 = 2 10/11

SOMEONE PLEASE HELP ME WITH THIS QUESTION!

Answers

Answer:

i dont know but i have a pic for u

Step-by-step explanation:

At most 3 because 21% of 10 people is 2.1 people so the most would be 3 according to that statistic.

An angle measures 150°. What is the measure of its supplement?

Answers

Answer:

The supplement is = 180-150 i.e30

Step-by-step explanation:

Let the another Angle be x then

x + 150° = 180° {being supplementary angles }

x = 180° - 150°

x = 30°

Hope it will help :)

Help and please make sure the answer is right? :)

Answers

Answer:

8

Step-by-step explanation:

Answer:

A

Step-by-step explanation:

hello again lol

these are alternate interior angles so they are equal

5x + 5 = 45

5x = 40

x = 8

Solve the equation

x/-2-17=-7

Answers

Answer: x= -20

Step-by-step explanation: hope it helps thx for the points

Answer:

Step-by-step explanation:

!pic attached!Earl and Ray run competing carpet-cleaning services. Earl charges $50 for a house call and $40 per carpet cleaned. Ray charges the

same amount per carpet cleaned, but his total cost is always $30 less than Earl's. Which equation expresses the total cost, t, for Ray to

clean as a function of carpets cleaned, c?

Answers

Answer:

t= 20+40c

Step-by-step explanation:

Given that Ray's total cost is always $30 less than Earl's and they charge the same amount per carpet cleaned, the difference is in the amount charged for a house call and to find that amount you have to subtract 30 from the amount Earl's charges:

50-30=20

This means that Ray charges $20 for a house call and $40 per carpet cleaned. According to this, the equation would indicate that the total cost for Ray is equal to the amount he charges for a house call plus the price per carpet cleaned for the number of carpets cleaned, which would be:

t= 20+40c, where:

t is the total cost

c is the number of carpets cleaned

please help this is timed

Answers

Answer:

option d is correct

de=9 and ef=15

I THINKS ITS B

I SUPPOSE THE TEACHER GIVES TO MUCH WORK

A cylinder has a radius of 20 meters. It’s volume is 13,816 cubic meters. What is the height of the cylinder

Answers

Answer:

      H ≈ 10.994424 m ≈ 11 m

Step-by-step explanation:

[tex]V=\pi R^2\cdot H\\\\V=13\,816\ m^3\\R=20\,m\\H=??\\\\13\,816=\pi\cdot20^2\cdot H\\\\13\,816=400\pi H\\\\13\,816\approx1256.637 H\\\\H\approx10.994424\,m[/tex]

look at the graph of a line and write its equation​

Answers

y= -1x+4

hope this helps

An object travels 60 miles in 1/2 hour. How many miles does the object
travel in 6 hours

Answers

Answer:

720

Step-by-step explanation:

Answer:

720

Step-by-step explanation:

There are two 1/2 miles in a mile. this means there are 12 half miles in 6 miles. So take 60*12 to get 720.

The diameter of a circle is 40.0cm. What is the circumference of the circle?
Use 3.14 for pi

Help would really be appreciated bc I do not understand circles lol

Answers

Answer:

Answer is 125.6

Step-by-step explanation:

Diameter=40cm

radius=40÷2 = 20cm

Circumference = 2πr

=2×3.14×20

=125.6

Please help will give Brain

Answers

Step-by-step explanation:

AB=DC

-x+6 = 3x-14

4x= 20

x= 5

AB=1

DC=1

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