Bentley invested $750 in an account paying an interest rate of 1 1/4


% compounded daily. Julia invested $750 in an account paying an interest rate of 1 3/4% compounded quarterly. After 20 years, how much more money would Julia have in her account than Bentley, to the nearest dollar?

Answers

Answer 1

After 20 years, Julia would have approximately $155 more in her account than Bentley.

To calculate the final amount for each investment, we use the formula for compound interest:

Final Amount = Principal * (1 + (Interest Rate / Number of Compounding Periods))^(Number of Compounding Periods * Number of Years)

For Bentley's investment:

Principal = $750

Interest Rate = 1 1/4% = 1.25%

Number of Compounding Periods = 365 (compounded daily)

Number of Years = 20

Calculating the final amount for Bentley's investment:

Final Amount (Bentley) = $750 * (1 + (1.25% / 365))^(365 * 20)

For Julia's investment:

Principal = $750

Interest Rate = 1 3/4% = 1.75%

Number of Compounding Periods = 4 (compounded quarterly)

Number of Years = 20

Calculating the final amount for Julia's investment:

Final Amount (Julia) = $750 * (1 + (1.75% / 4))^(4 * 20)

Subtracting Bentley's final amount from Julia's final amount:

Difference = Final Amount (Julia) - Final Amount (Bentley)

After performing the calculations, we find that the difference is approximately $155.

Therefore, after 20 years, Julia would have approximately $155 more in her account than Bentley, rounded to the nearest dollar.

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Answer 2

Julia would have $757.96 more in her account than Bentley after 20 years (rounded to the nearest dollar).

Given, Bentley invested $750 in an account paying an interest rate of 1 1/4% compounded daily.

Julia invested $750 in an account paying an interest rate of 1 3/4% compounded quarterly.Both Bentley and Julia invested $750 each but the interest rates are different.

Bentley's account pays an interest rate of 1 1/4% compounded daily and Julia's account pays an interest rate of 1 3/4% compounded quarterly.

Now, Let's calculate the amount in Bentley's account first. The amount is given by the formula below,

Amount = P(1 + (r / n))^(nt),

where P is the principal amount, r is the annual interest rate, t is the time the money is invested for, n is the number of times that interest is compounded per year, and A is the amount at the end of the investment.

Here, we are given, P = $750, r = 1.25%

= 1.25 / 100

= 0.0125 (as the rate is in percentage we need to convert it into decimal), n = 365 (compounded daily), t = 20 years

Amount = 750(1 + (0.0125 / 365))^(365 × 20)

Amount = 750(1 + 0.000034)^(7300)

Amount = 750 × 1.2774

Amount = $957.64

Therefore, Bentley will have $957.64 in his account after 20 years.

Now, let's calculate the amount in Julia's account.

The amount is given by the formula below, Amount = P(1 + (r / n))^(nt),

where P is the principal amount, r is the annual interest rate, t is the time the money is invested for, n is the number of times that interest is compounded per year, and A is the amount at the end of the investment.

Here, we are given, P = $750, r = 1.75%

= 1.75 / 100

= 0.0175 (as the rate is in percentage we need to convert it into decimal), n = 4 (compounded quarterly), t = 20 years

Amount = 750(1 + (0.0175 / 4))^(4 × 20)

Amount = 750(1 + 0.004375)^(80)

Amount = 750 × 2.2781

Amount = $1715.60

Therefore, Julia will have $1715.60 in her account after 20 years.Now, to find out how much more money Julia would have in her account than Bentley, we need to subtract the amount in Bentley's account from the amount in Julia's account.

Difference = Julia's amount - Bentley's amount

Difference = $1715.60 - $957.64

Difference = $757.96

Therefore, Julia would have $757.96 more in her account than Bentley after 20 years (rounded to the nearest dollar).

Hence, the required answer is $757.

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Related Questions

6x² + 4x / 6x² + 13x + 6 ( please show work )

Answers

Answer:  6x+4x +13x+6 equal

Fallon collected data for her favorite TV show. She recorded the number of viewers and the number of weeks since the show premiered. With the data in hand, she created this scatter plot and drew a line of best fit


What are the slope and the y-intercept of the line of best fit?

Answers

Answer:

On the best-fit line for the points {(2,3) (5,7) (1,2) (4,8)}, one point is (0.5,1.25) and another is the y-intercept (0,0.5). Use the formula for the slope of a line, m = (y2 - y1)/(x2 - x1), to find the slope

Step-by-step explanation:

Hope it help

Mark me as brainliest

Answer:

Slope is (6, 10) and (0, 12). The y-intercept is 12.

Step-by-step explanation:

I had this question on Edmentum.

Marco paid $12 for 3jump ropes. If each jump rope costs the same amount, how much does 1 jump rope cost? Write and solve an equation.

Answers

Answer:

each jump rope costs 4 dollars

12÷3=4

Answer:

$4

Step-by-step explanation:

Divide: 12 divided by 3=4

Hope this helped!! :)

Stay safe and have a wonderful day/night!!!!!

Brainliest?!?!

he airplane Li’s family will be flying on can seat up to 149 passengers. If 96 passengers are currently on the plane, which inequality can be used to determine how many more people can board?
96 + x Less-than-or-equal-to 149
96 + x Greater-than-or-equal-to 149
96 + x > 149
96 + x < 149

Answers

Answer: Choice A)  96 + x ≤ 149

This is the same as saying "96 + x less than or equal to 149"

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

Explanation:

We start with 96 people already on board. We add on x more people. The x is a placeholder for a positive whole number.

In total, we have 96+x people on the plane. This total must not exceed the max capacity of 149. In other words, the largest value of 96+x is 149.

Since 96+x can be 149 or smaller, we can say 96+x ≤ 149

Answer:

The answer is A

Step-by-step explanation:

I got it right on edge

y= 2/3x+7
x= -4
PLS HELP ASAP

Answers

Answer:

the slope will be

2

3

and the

y

-intercept will be

7

.

Step-by-step explanation:

Pa help po plss...
sa math po​

Answers

Answer:

ok OK OK OK OK OK OK OK OK OK OK OK

I need help on this question

Answers

Answer:

The square on the outside of the triangles means the angle is 90. You need to find the base and the hight the divide by 2

Step-by-step explanation:

WILL MARK BRAINLIEST! Which statement is true about the data set?

The stem-and-leaf plot below shows the number of pages each student in a class read the previous evening. (see attached)

Which statement is true about the data set?

A) Its median is greater than its mode.

B) It has a range of 52 pages.

C) The value of the first quartile is 13.

D) The data is symmetric.

Answers

Answer:

A I think

Step-by-step explanation:

I think it would be c, cuz 8 plus 5 is 13

what is the factored form of 4(3x + 12) + 4? ​

Answers

Answer:

12x + 52

Step-by-step explanation:

Distribute.

(4 • 3x + 4 • 12) + 4

12x + 48 + 4

12x + 52

A jungle has 578 monkeys.
It also has 153 birds.
How many more monkeys than birds are there?
Monkeys
X Х $ ?

Answers

Answer:

425 monkeys

Step-by-step explanation:

Subtract the number of birds from the number of monkeys to find the difference between the two.

578-153=425
Answer 425
Hope this helps have a nice day! :)

3 Each expression below shows the length and width of
a rectangle in yards. Write each expression in the
correct box according to the area it represents.

Answers

Answer:

less than 1yd²:

2/3x3/5= 2/5

1/4x5/3= 5/12

1/2x9/10= 9/20

equal to 1yd²

1/4x4/1= 1

4/3x6/8= 1

more than 1yd²

2/3x5/3= 1.1

Step-by-step explanation:

2/3x3/5= 2/5

1/4x4/1= 1

2/3x5/3= 1.1

1/4x5/3= 5/12

1/2x9/10= 9/20

4/3x6/8= 1

Answer:

2..........3

--- x ---

3............5

Step-by-step explanation:

goes to area less than 1square yard

Keith has $500 in a savings account at the beginning of the summer. He wants to have at least $200 in the account by the end of the summer. He withdraws $35 each week for food, clothes and movie tickets. How many weeks can Keith withdraw money from his account?

Answers

8 weeks is the correct answer500 - 200 = 3008 x 35 = 280$280 is the closest you can get to $300 without going over.So, 8 weeks is the answer.Please let me know if I am wrong.

find x or solve for x ​

Answers

Answer:

[tex] \huge \boxed{ \boxed{x = 8}}[/tex]

Step-by-step explanation:

to understand thisyou need to know about:rectangleequationPEMDAStips and formulas:every angle of a rectangle is 90°let's solve:

[tex]step - 1 : define \\ 12x - 6 = 90[/tex]

[tex]step - 2 : solve[/tex]

[tex] \tt add \: 6 \: to \: both \: sides : \\ \tt12x - 6 + 6 = 90 + 6 \\ \tt 12x = 96[/tex][tex] \tt divide \: both \: sides \: by \: 12 : \\ \tt \frac{12x}{12} = \frac{96}{12} \\ \tt \therefore x = 8[/tex]

what is the least common multiple (LCM) of 7 and 8 plz help ​

Answers

Answer:

56

Step-by-step explanation:

trust me!!

Answer:

The LCM of 7 and 8 is 56

Step-by-step explanation:

simplify the expression. 7x^2+3-5(x^2-4) edguneity

Answers

Answer:

2x^2+23.

Step-by-step explanation:

Combine like terms.

This expression simplified is 2x^2+23.

You have 49 dimes and quarters. You have 7 more quarters than dimes.How much money you have in quarters and dimes

Answers

Answer:

Step-by-step explanation:

Because you have seven more quarters than dimes, you have 28 quarters, and 21 dimes, which equals 49 dimes and quarters.

You have $9.10

I hope this helps!

Thanks!

marianne is a five years younger than her friends if the sum of their age is 61 how old is her friend​

Answers

Step-by-step explanation:

let marianne friend age be x and

marianne age be x - 5

if the sum of their age is 61 I.e

x + (x- 5) = 61

x + x - 5 = 61

2x =61 +5

2x = 66

divide both sides by 2

x = 33

so marianne friend age is 33 and

and marrianne age is 33-5 = 28.

GIVING BRAINLIEST IM TIMEDDDD

Answers

Answer:its the 2nd one

Step-by-step explanation: i remeber because i took this quiz

how many 1/5s are in 20?​

Answers

Answer:

There are 4

Step-by-step explanation:

Answer:

10

Step-by-step explanation:

decide whether -3/12 terminates or repeats when expressed as a decimal ​

Answers

Answer:

Termintates

Step-by-step explanation:

It simplified is -.25, which, is a terminated decimal and does not repeat and go on

Answer:

Terminates

Step-by-step explanation:

first the signs don't matter, just remember to put it back at the end

try dividing it:

3 / 12 = 0 with 30 tenths left over

30 / 12 = 2 with 60 hundreths left over

60 / 12 = 5 with 0 thousandths left over

no more remainders so it terminates

Find the area of the shaded segment of the circle​

Answers

Answer:

≈ 0.8 m²

Step-by-step explanation:

________________________________________________

FORMULA FOR FINDING AREA OF SEGMENT :-

[tex]A = r^{2} [\frac{\alpha }{360} \times \pi - (\sin \frac{\alpha }{2} \times \cos \frac{\alpha }{2} )][/tex]

Where :-

A = Area of the segmentr = Radius of the circleα (alpha) = Angle subtended by arc at the center

________________________________________________

Angle subtended by the minor arc at the center = 360° - 300° = 60°

Radius of the circle = 3 m

Area of the segment =

[tex]3^{2} [ \frac{60}{360} \times \pi - (\sin \frac{60}{2} \times \cos \frac{60}{2})][/tex]

[tex]= 9[\frac{1}{6} \times \pi - (\sin 30 \times \cos 30)][/tex]

[tex]= 9[\frac{\pi }{6} - (\frac{1}{2} \times \frac{\sqrt{3} }{2} )][/tex]

[tex]= 9[\frac{\pi }{6} - \frac{\sqrt{3} }{4} ][/tex]

[tex]= 9[\frac{2\pi - 3\sqrt{3} }{12} ][/tex]

[tex]= \frac{9}{12} \times (2\pi - 3\sqrt{3})[/tex]

( Assuming √3 = 1.73 & π = 3.14 )

[tex]= \frac{3}{4} \times (6.28 - 5.19)[/tex]

[tex]= 0.75 \times 1.09[/tex]

[tex]= 0.8175[/tex]

∴ Area of the segment ≈ 0.8 m² (rounding to the nearest tenth)

Find the equation of the line that has a y-intercept of 1 and is perpendicular to the graph of the line 2x + y = 4.

Answers

Answer:

y = 1/2x + 1

Step-by-step explanation:

To be perpendicular to a line is to have the product of the slopes be -1. First, we have to put 2x + y = 4 into slope-intercept form to find the slope of the line. We do this by subtracting 2x on both sides to get that y = -2x + 4. Now, the number that multiplied by -2 is equal to -1 is 1/2, so that is the slope of our line. We can substitute these values into the slope-point equation to find the equation. We would get that y - 1 = 1/2 * (x - 0). This simplifies to y = 1/2x + 1.

will mark brainliest

Answers

(2x+1)+(3x-5)=5x-4 you just have to try some of them out and see which ones work

5/x=-9

find the variable

Answers

5/x = -9

5 = -9x (we have multiplied x out from the denominator)

5/-9 = x (divided by -9 to isolate x)

Answer:

x = -5/9

Step-by-step explanation:

5/x = -9

multiply by x on both sides

5 = -9/x

multiply by 1/-9 on both sides

-1/9*5 = -1/9 *-9/x

-5/9 = x

I need help with this, anyone nice enough to help? :’)

Answers

Answer:

7m³ - 11m² + 5m + 17

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Distributive Property

Algebra I

Terms/Coefficients

Step-by-step explanation:

Step 1: Define

3m³ - 4m² + 8 - (-4m³ + 7m² - 5m - 9)

Step 2: Simplify

[Distributive Property] Distribute negative:                                                  3m³ - 4m² + 8 + 4m³ - 7m² + 5m + 9Combine like terms (m³):                                                                                7m³ - 4m² + 8 - 7m² + 5m + 9Combine like terms (m²):                                                                                7m³ - 11m² + 8 + 5m + 9Combine like terms (Z):                                                                                   7m³ - 11m² + 5m + 17

The number of different types of drinks that a barista makes in one week is related to the cost of the drink. A collection of data on the cost of
a particular drink and the number of that drink made over the course of the week is shown in the table below, where x represents the cost of
the drink in dollars, and y represents the number of drinks made at each cost.
X
у
97
84
1.85
2.10
2.45
3.25
66
70
3.50
65
58
3.65
4.15
51
4.45
40
44
4.70
5.10
27
Using a residual plot determine if the following model is a good fit for the data.
y = -11.52 + 120.45
ОА No. The model is not a good fit because the residual plot has a random pattern,
ОВ. No. The model is not a good fit because the residual plot does not have a random pattern
OcYes. The model is a good fit because the residual plot has a random pattern.
OD Yes. The model is a good fit because the residual plot does not have a random pattern.
Reset
Next

Answers

Answer:

Step-by-step explanation:

b

Answer:

it's C bro i just took it

solve by substitution
1. 6x+ 5y=7 x-y=3
2. 3a +2b =4 2a + b=6
3. 2x + y= 4 4x -y=2

Answers

Answer:

1. y = 11

x = -48

2. a =8

b= -10

3. x= 1

y= 2

Step-by-step explanation:

1 . 6x + 5y = 7

x-y= 3

6x+5y = 7

6x-6y =18

-1y = - 11

6x + 5y = 7

y = 11

6x + 55 = 7

6x = -48

x = -48

can someone help me how to calculate 15% of R200​

Answers

Answer:

30

Step-by-step explanation:

formula :15÷100×200

Hangi sayının 10 eksiğinin 7 katı 70'tir ?​

Answers

7*(x - 10) = 70
7x = 140. Wait if this is wrong I’m really sorry! Have a great day.

8n + ? = 0
A.) - 8/n
B.) 8/n
C.) 1/8n
D.)-8n

Answers

D is the correct answer:)

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