What interest rate will save you the most money if you carry a balance on a loan from one month to the next?

A. Simple interest rate

B. Effective rate

C. Compound interest rate

D. Annual percentage yield

Answers

Answer 1

The interest rate which will save the most money if the balance on a loan from one month to the next is carried is the compound interest rate.

What is compound interest?

Compound interest is the amount charged on the principal amount and the accumulated interest with a fixed rate of interest for a time period.

The formula for the final amount with the compound interest formula can be given as,

[tex]A=P\times\left(1+\dfrac{r}{n\times100}\right)^{nt}\\[/tex]

Here, A is the final amount (principal plus interest amount) on the principal amount P of with the rate r of in the time period of t.

While carrying the balance on a loan from one month to the next month, the compound interest rate is better, as it allows the funds to grow faster than the other rate mentioned.

Thus, the interest rate which will save the most money if the balance on a loan from one month to the next is carried is the compound interest rate.

Learn more about the compound interest here;

https://brainly.com/question/24274034


Related Questions

Will mark brainliest if answer is correct.
The graph shows the absolute value parent function.
Which statement best describes the function?

A. The function is increasing when x>0

B. The function is never increasing

C. The function is always increasing

D. The function is increasing when x<0​

Answers

Answer:

A. The function is increasing when x > 0

Step-by-step explanation:

Given is an absolute value function f(x) = |x|

Its vertex is at origin, the function is decreasing at negative values of x and increasing at positive values of x:

f(x) = - x, when x < 0, the slope is - 1f(x) = x, when x > 0, the slope is 1

Correct answer choice is A

write the value of the underlined digit in words 6,302,450? 3 being the underlined number.

Answers

Answer:

Three hundred thousand

Step-by-step explanation:

Hope this helps

(1.2 times 10^9) divided by (3 times 10^5) in scientific notation

Answers

Answer:

[tex]4x \times {10}^{3} [/tex]

Step-by-step explanation:

[tex] \frac{1.2}{3} \times \frac{ {10}^{9} }{ {10}^{5} } [/tex]

[tex]0.4 \times {10}^{9 - 5} [/tex]

[tex]0.4 \times {10}^{4} [/tex]

[tex] = 4 \times {10}^{3} [/tex]

Help help help help help math math please please pelsss

Answers

Answer:

Both of the angles will add up to 180 degrees so let’s make an equation.

5x-5+2x+10=180

First we collect like terms

5x+2x-5+10=180

Add them up

7x+5=180

Move the constant to the right

7x=180-5

7x=175

7x/7=175/7

x=25

So yes it’s true x=25.

Now we find the respective angles,

5x-5

5(25)-5

125-5

120

So angle one is 120 degrees.

2x+10

2(25)+10

50+10

60

So angle two is 60 degrees.

Now to check,

120+60=180

Step-by-step explanation:

solve for x y=c(x+b)

Answers

Step-by-step explanation: To solve for x in this literal equation, I would first distribute the C through the parentheses to get y = cx + cb.

Now subtract cb from both sides to get y - cb = cx.

Finally, divide both sides by c to get y - cb / c = x.

can somebody help me with a tutor

Answers

Answer:

well tutors are very cool they help you with your subjects so i dont see any probelm with them.

Step-by-step explanation:

I'll mark brainiest.. no links​

Answers

Answer:

20.5

Step-by-step explanation:

Use Pythagorean theorem,

[tex]x^2 = 14^2 +15^2 \\\\\implies x^2 =421\\\\\implies x =\sqrt{421}\\\\\implies x =20.5[/tex]

Ahmad bought 11 pounds of sugar for $6.
How many dollars did he pay per pound of sugar?

Answers

66 dollars 11x6= 66 dollars

Question is in picture

Drag and drop the steps in order to correctly complete the proof

Answers

9514 1404 393

Explanation:

The correct order of the steps is ...

(Given)(Definition of supplementary)(Substitution)(Subtraction ...)(Definition of congruent angles)

A proof always starts with "given". It always ends with a statement of what you have proved.

To fill in the sequence between these, it helps to think about what the relationships are and why you can conclude that the theorem is correct.

-2 5/12 - (-10 8/9)

Answers

-13.30

that might be the answer

8.47222222222

:D Hope this helps! I apologize if I’m wrong.

A restaurant has total of 60 tables . Of those tables , 38 are round and 13 are located by the window . There are 6 round tables by the window . If tables are randomly assigned to customers , what is the probability that a customer will be seated at a round table or by the window

Answers

Answer:

The probability that a costumer will be seated at a round table are 44/60 and the probability that he will be seated by the window is 13/60

The probability that a customer will be seated at a round table is  [tex]\frac{19}{30}[/tex]  and  by the window is [tex]\frac{13}{60}[/tex].

What is Probability ?

Probability is a ratio of the number of favorable outcomes to the number of possible outcomes of the experiment.

Probability [tex]=\frac{Number \ of\ outcomes}{Number\ of\ possible\ outcome}[/tex]

We have,

Total number of tables [tex]=60[/tex]

Number of round tables [tex]=38[/tex]

Number of tables located by the window [tex]=13[/tex]

Number of round tables located by the window [tex]=6[/tex]

Now,

Number of possible outcomes customer will be seated at a round table [tex]=38[/tex]

So,

Probability of seated at a round table [tex]=\frac{Number \ of\ outcomes}{Number\ of\ possible\ outcome}[/tex]

                                                                [tex]=\frac{38}{60}=\frac{19}{30}[/tex]

Now,

Number of possible outcomes customer will be seated by the window [tex]=13[/tex]

Probability  of seated by the window[tex]=\frac{Number \ of\ outcomes}{Number\ of\ possible\ outcome}[/tex]

                                                               [tex]=\frac{13}{60}[/tex]

So, probability that a customer will be seated at a round table is  [tex]\frac{19}{30}[/tex]  and  by the window is [tex]\frac{13}{60}[/tex].

Hence, we can say that the probability that a customer will be seated at a round table is  [tex]\frac{19}{30}[/tex]  and  by the window is [tex]\frac{13}{60}[/tex].

To know more about probability click here

https://brainly.com/question/16484393

#SPJ3

pls help me solve the missing answers thanks!

Answers

Answer: I'll give you formula

Step-by-step explanation: circumference = 2 x π x radius

radius = diameter÷2      area = π × radius²

Twice the sum of a certain number and 36 is 90?

Answers

Step-by-step explanation:

Let the number be x

According to the question

2(x+36)=90

2x+72=90

2x=90-72

2x=18

x=18/2

x=9

What is a quartic function with only two real zeros atx x = 7 and x = 13

A. y = (x - 10) ^ 5 - 81 OR y = x ^ 5 - 20x ^ 4 + 92x ^ 3 + 34x ^ 2 - 20x + 91


B. Y= (x - 10) ^ 4 - 81 OR y = x^4 - 20x +91


C. y = (x - 3) ^ 4 - 41 OR y = 2x ^ 4 - 21x ^ 3 + 52x ^ 2 - 17x + 609


D. y = (x+ 8)^4 + 71 OR y = x^4 - 3x^3 + 7x^2 - 5x + 13

Answers

Answer:

b

Step-by-step explanation:

B. Y= (x - 10) ^ 4 - 81 OR y = x^4 - 20x +91

What are the slope and y-intercept on the graph of the linear equation on the grid?​

Answers

Answer:

simple look at y intercept then look at slope or you can solve two points by using the formula y2-y1/x2-x1

but your formula is

y =1/2 +5 so b would be your answer

Graph the function below, to estimate the practical domain of the function.

=−0.0150912++6

A. 0≤≤71.5

B. 0≥≥71.5

Answers

I think that it would be B i think

19 /5 as a mixed number

Answers

Answer:

[tex]\frac{19}{5}= 3\frac{4}{5}[/tex]

Step-by-step explanation:

5 can go into 19 three times. This will leave a remainder of 4. Therefore, 19/5 as a mixed number is 3 4/5.

In order to join a dance class at Dancing’s Lily’s Academy, you must pay a $335 annual fee plus $13.75 for each class you attend. You plan to spend $500 dollars on your dance classes. Write and solve an equation for how many dance classes you will take.

Answers

Answer:

12

Step-by-step explanation:

335 + 13.75x = 500

Subtract 335 from each side

13.75x = 165

Divide each side by 13.75

x = 12

You can attend 12 dance classes with $500.

9514 1404 393

Answer:

  12 classes

Step-by-step explanation:

The total cost for c classes will be ...

  335 + 13.75c = 500

  13.75c = 165 . . . . . . . . . .subtract 335

  c = 12 . . . . . . . . . . . divide by 13.75

You will take 12 classes.

1.3.2 checkup - lessons learned

2. What is the slope of the line represented by the table of values below? How do you know?​

Answers

Answer:

y=2/3x-4

Step-by-step explanation:

we can see that x goes up 1 for every 1.5y and if we start y at 0 x starts at -4 so if y is one than x has to be 2/3-4 becuase it is -4 + 2/3 for every 1 y goes up or one for every 1.5 y goes up. hope this answer was helpful.

Evaluate the triple integral.


E
y dV, where E = {(x, y, z) | 0 ≤ x ≤ 6, 0 ≤ y ≤ x, x − y ≤ z ≤ x + y}

Answers

The definition of the set E gives you a natural choice for the limits in the integral:

[tex]\displaystyle \iiint_E y \, dV = \int_0^6 \int_0^x \int_{x-y}^{x+y} y \, dz \, dy \, dx[/tex]

Computing the integral, we get

[tex]\displaystyle \iiint_E y \, dV = \int_0^6 \int_0^x y ((x+y)-(x-y)) \, dy \, dx = 2 \int_0^6 \int_0^x y^2 \, dy \, dx[/tex]

[tex]\displaystyle \iiint_E y \, dV = 2 \int_0^6 \frac13 (x^3 - 0^3) \, dx = \frac23 \int_0^6 x^3 \, dx[/tex]

[tex]\displaystyle \iiint_E y \, dV = \frac23 \cdot \frac14 (6^4 - 0^4) = \boxed{216}[/tex]

The evaluation of the triple integral ∭E y dV, where E = {(x, y, z) | 0 ≤ x ≤ 3, 0 ≤ y ≤ x, x − y ≤ z ≤ x + y} is 216

What is triple integral?

Triple integral integrates the integrand over three dimensions.

Given that:

E = {(x, y, z) | 0 ≤ x ≤ 3, 0 ≤ y ≤ x, x − y ≤ z ≤ x + y}

Evaluating the integral:

[tex]I = \int \int \int _E y \: dV[/tex]

[tex]I = \mathlarger{\int_0^6 (\int_0^x (\int_{x-y}^{x+y} y\: dz)dy)dx}\\\\I = \int_0^6 (\int_0^x [yz]_{z=(x-y)}^{z=(x+y)}dy)dx\\\\I = \int_0^6 (\int_0^x y( (x+y) - (x-y)) \: dy)dx\\\\ I = \int_0^6 (\int_0^x y(2y) \: dy)dx\\\\I =2 \int_0^6 \left [\dfrac{y^3}{3}\right ]_{y=0}^{y=x} dx\\\\I = 2 \int_0^6 (x^3/3) dx\\\\I = \dfrac{2}{3} \left[\dfrac{x^4}{4} \right]_{x=0}^{x=6} = \dfrac{2}{3} \times \dfrac{6^4}{4} =216[/tex]

Thus, the evaluation of the triple integral ∭E y dV, where E = {(x, y, z) | 0 ≤ x ≤ 3, 0 ≤ y ≤ x, x − y ≤ z ≤ x + y} is 216

Learn more about triple integral here:

https://brainly.com/question/17206296

A theater group made appearances in two cities. The hotel charge before tax in the second city was $ 1500 higher than in the first. The tax in the first city was
3%, and the tax in the second city was 9.5%. The total hotel tax paid for the two cities was $580. How much was the hotel charge in each city before tax?
First city:
si
Х
5
?
Second city: 0
I’m

Answers

9514 1404 393

Answer:

first city: $3500second city: $5000

Step-by-step explanation:

Let x and y represent the hotel charges in the two cities. The relations we are given are ...

  x - y = -1500 . . . . . . second city hotel charge was 1500 more

  0.03x +0.095y = 580 . . . . . total tax paid was 580

Using the first equation, we can write an expression for x:

  x = y -1500

Substituting that into the second equation gives ...

  0.03(y -1500) +0.095y = 580

  0.125y = 625 . . . . . . . add 45 to both sides and simplify

  y = 5000 . . . . . . . . . . multiply by 8

  x = 5000 -1500 = 3500

The hotel charges were ...

  First city: $3500

  Second city: $5000

Help I’m timed!

The graph of an equation with a negative discriminant always has which characteristic?

A: no x-intercept

B:no y-intercept

C: no maximum

D: no minimum

Answers

Answer:

a

Step-by-step explanation:

Negative discriminant means that the fucntion has no real roots

so in the quadratic function b^2-4ac if this section is negative there are no real roots, so yes a would be the answer

Bonus: if u want to know.

However, in linear algebra which ofc i know ur not taking there would be something called imangiary roots, or complex roots.

PLSSSSS HELP>>>>>>>>>>>>>>>>>>>>>>>

When 4/15 is written as a decimal, how many digits are in the smallest sequence of repeating digits? A. 3 B. 2 C. 1 D. 0

Answers

Answer:

C. 1

Step-by-step explanation:

We have to convert   4/15  into decimal.

Divide 4 by 15

When we divide 4 by 15, we get 0.26666666666.....

 

As we can see that, the number 6 is repeating

Only one digit is repeating

Hence, the correct answer is one 6

Will give brainliest to whoever helps pls

Answers

Answer:

for me the picture is blurry sorry

Step-by-step explanation:

Answer:

-23

Step-by-step explanation:

Please not bots due in hour!

Answers

Answer:

Range is 7 to 42

Step-by-step explanation:

math
(5 points) will mark brainliest!! pls help :)

Answers

(tv^3)/(u^8) (you can get the answer by cancelling out the same variables in the numerator and denominator

Answer:  [tex]\frac{tv^3}{u^8}\\\\\\[/tex]

This is the fraction tv^3 all over u^8

=========================================================

Work Shown:

[tex]\frac{t^2uv^7}{tu^9v^4}\\\\\\\frac{t^2}{t}*\frac{u}{u^9}*\frac{v^7}{v^4}\\\\\\t^{2-1}*u^{1-9}*v^{7-4}\\\\\\t^{1}*u^{-8}*v^{3}\\\\\\\frac{t}{1}*\frac{1}{u^8}*\frac{v^3}{1}\\\\\\\frac{t*1*v^3}{1*u^8*1}\\\\\\\frac{tv^3}{u^8}\\\\\\[/tex]

In the third step, I used the rule (a^b)/(a^c) = a^(b-c)

To make the negative exponent turn positive, we apply the reciprocal to the base.

A farmer wants to fence in a rectangular plot of land adjacent to the north wall of his barn. No fencing is needed along the barn, and the fencing along the west side of the plot is shared with a neighbor who will split the cost of that portion of the fence. If the fencing costs $8 per linear foot to install and the farmer is not willing to spend more than $4000, find the dimensions for the plot that would enclose the most area.

Answers

The dimensions for the plot that would enclose the most area are a length and a width of 125 feet.

In this question we shall use the first and second derivative tests to determine the optimal dimensions of a rectangular plot of land. The perimeter ([tex]p[/tex]), in feet, and the area of the rectangular plot ([tex]A[/tex]), in square feet, of land are described below:

[tex]p = 2\cdot (w+l)[/tex] (1)

[tex]A = w\cdot l[/tex] (2)

Where:

[tex]w[/tex] - Width, in feet.[tex]l[/tex] - Length, in feet.

In addition, the cost of fencing of the rectangular plot ([tex]C[/tex]), in monetary units, is:

[tex]C = c\cdot p[/tex] (3)

Where [tex]c[/tex] is the fencing unit cost, in monetary units per foot.

Now we apply (2) and (3) in (1):

[tex]p = 2\cdot \left(\frac{A}{l}+l \right)[/tex]

[tex]\frac{C}{c} = 2\cdot (\frac{A}{l}+l )[/tex]

[tex]\frac{C\cdot l}{c} = 2\cdot (A+l^{2})[/tex]

[tex]\frac{C\cdot l}{c}-2\cdot l^{2} = 2\cdot A[/tex]

[tex]\frac{C\cdot l}{2\cdot c} - l^{2} = A[/tex] (4)

We notice that fencing costs are directly proportional to the area to be fenced. Let suppose that cost is the maximum allowable and we proceed to perform the first and second derivative tests:

FDT

[tex]\frac{C}{2\cdot c}-2\cdot l = 0[/tex]

[tex]l = \frac{C}{4\cdot c}[/tex]

SDT

[tex]A'' = -2[/tex]

Which means that length leads to a maximum area.

If we know that [tex]c = 8[/tex] and [tex]C = 4000[/tex], then the dimensions of the rectangular plot of land are, respectively:

[tex]l = \frac{4000}{4\cdot (8)}[/tex]

[tex]l = 125\,ft[/tex]

[tex]A = \frac{(4000)\cdot (125)}{2\cdot (8)} -125^{2}[/tex]

[tex]A = 15625\,ft^{2}[/tex]

[tex]w = \frac{15625\,ft^{2}}{125\,ft}[/tex]

[tex]w = 125\,ft[/tex]

The dimensions for the plot that would enclose the most area are a length and a width of 125 feet.

We kindly invite to check this question on areas: https://brainly.com/question/11952845

Determine the period of the following graph.

Answers

0
Because it’s true, and I’m smart
the answer is 0 i believe

Simplify the expression: (5.2 + 6.8)x - (25 ÷ 5)x

Answers

Answer:

7x

Step-by-step explanation:

(5.2 + 6.8)x - (25 ÷ 5)x

12x-(25divied by 5)x

12x-5x

7x

The answer will be 7x guys

Evaluate 12.3v+11.9w when v=7 and w=8.

please

Answers

Answer:

181.3

Step-by-step explanation:

I hope this helps!

Other Questions
TKeyah puts salt in ice water and then in boiling water to see which will dissolve faster.Which dissolving rate factor is she testing in these tests? Axons from higher brain centers form motor tracts that descend from the brain into the white matter of the spinal cord and then synapse with somatic motor neurons in the ____________. How do I do this pls help find the inverse for the function f(x)= 14-3x/8-2x How to divide imaginary numbers. A researcher claims that the epinephrine signaling pathway controls a catabolic process in muscle cells. Which of the following statements best helps justify the researchers claim?. please help!im confused the bus to Leeds departs every 36 mins and the bus to Manchester leaves every 45 mins they leave the station at 10am one morning what is the next time they will leave at the same time Based on the graph, what conclusion can be drawn about trade between the United States and China? The United States has a trade surplus with China. Chinas economy is declining, which has harmed trade. The United States has a trade deficit with China. Chinas economy is improving, which has helped trade. HELPPPP!! question: uppose you put $150 in the bank 1 year ago. A sign at the bank reads 2% simple annual interest.Fill in the values to complete the table.45 points!!! help me please importance of toilet for speech in english Circle As circumference is 3 times the value of Circle Bs Area. Find Circle Ba radius. Circle As diameter is 27.Formulas = A=(pi)r^2 and C=(2pi)r^2Leave it in terms of pi if you do get pi left.(Pi) = pi symbol (Brainly wont let me use it.)Thank you if you do answer it, I will give Brainlyist and a lot of pints!! hent "three squared times the sum of five and seven". Some people use this rule to work outhow many hours' sleep each nightyoung children need.tract the child's age in years from 30,ten divide the result by 2Sanjay is 8 years old.Use the rule to work out how manyhours' sleep he needs. 1. What was one cause of the development ofmany small independent city-states in ancientGreece? why do we enjoy our rights ? (i) as we are strong (ii) because others do their duties (iii) because we work hard. Choose the best answer to complete this sentence._____________________the Declaration of Independence while a member of the Continental Congress, Jefferson was elected to the Virginia House of delegates in 1776.Group of answer choices-He drafted-When drafted-After being drafted-After drafting The test of ""foreseeability"" is generally used to determine the existence of which element of a negligence case?. Place the events in sequence to describe how crowding- out happens. Start by clicking the first item in the sequence or dragging it here Drag the items below into the box above in the correct order, starting with the first item in the sequence Because of a recession, consumers have less disposable income to spend on durable goods, like cars.A state government passes a stimulus package that sends aid to struggling car manufacturing firm in the state. Despite the increase in spending, aggregate demand has not increased as much as expected Car manufacturers use government funding, instead of their own money, to invest in improving their machinery Calculate the molecular mass of the elementThey give:H=1,AI=27,S=32,0=16,Cu=64,P=31,Mg=24,N=14,Na=23