Christi has $7,500 to invest. She was offered a simple annual interest rate of 4% for three years, but wants to look at other options. Which of the following changes will increase the interest she earns the most?
A-Simple interest, 4.2%, 3 years
B-Simple interest, 4.1%, 3 years
C-Simple interest, 4%, 3.25 years
D-Compound interest, 4%, 2.75 years

Answers

Answer 1

Christi can earn more interest if she invests $7,500 in Simple interest, 4%, 3.25 years, therefore, the correct option is c.

What is simple interest?

Simple interest is a method of calculating interest on an amount for n period of time with a rate of interest of r. It is calculated with the help of the formula,

[tex]SI = \dfrac{P \times R \times T}{100}[/tex]

where SI is the simple interest, P is the principal amount, R is the rate of interest, and T is the time period.

The simple Interest she is currently getting,

[tex]SI = \dfrac{P \times R \times T}{100} = \dfrac{\$7,500 \times 4 \times 3}{100} =\$900[/tex]

A.)

[tex]SI = \dfrac{P \times R \times T}{100} = \dfrac{\$7,500 \times 4.2 \times 3}{100} =\$945[/tex]

B.)

[tex]SI = \dfrac{P \times R \times T}{100} = \dfrac{\$7,500 \times 4.1 \times 3}{100} =\$922.5[/tex]

C.)

[tex]SI = \dfrac{P \times R \times T}{100} = \dfrac{\$7,500 \times 4 \times 3.25}{100} =\$975[/tex]

D.)

[tex]CI = P(1+\dfrac{R}{100})^t -P = \$7,500(1+0.04)^{2.75}-\$7500 = \$854.16[/tex]

Hence, Christi can earn more interest if she invests $7,500 in Simple interest, 4%, 3.25 years, therefore, the correct option is c.

Learn more about Simple Interest:

https://brainly.com/question/2793278

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Related Questions

A bag contains three red balls and six green balls you plan to select three balls at random determine the probability of selecting three green balls. The problem has to be done with combinations to determine the probability

Answers

Answer:

The answer is likley 6/9

Step-by-step explanation:

Total number of balls = 9

Red: 3/9 chance of being selected

Green: 6/9 chance of being selected

Basically, there is a way higher chance of selecting 3 green balls and an even HIGHER chance of selecting 6!

2. The diagram of Andy's Pizza Shack is on the left. What is the
perimeter of the building?

Answers

Answer:

22? are there answer choices

Answer:

the perimeter is 32.5 ft

Step-by-step explanation:

the triangle is 3 x 5 = 15 divided by 2 = 7.5

the square is 5 x 5 = 25

25 + 7.5 = 32.5

hope this helps a bit !!!

The function P=0.00892 + 1.11491 + 78.4491 models the United States population in millions since 1900. Use the function
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Answer:

P = 31.7097894

Step-by-step explanation:

I think this is right. let me know if its wrong

You kayak up a river at a rate of 192 feet every 2 minutes.You kayak down
a river at a rate of 423 feet every 3 minutes.How much farther do you
kayak in 5 minutes on the way down the river than in 5 minutes on the way
up the river.

Answers

Answer:

225 feet farther.

Step-by-step explanation:

This question can be solved using rules of three.

Up the river in 5 minutes:

You kayak up a river at a rate of 192 feet every 2 minutes. That is, a rate of 192/2 = 96 feet per minute.

So in 5 minutes, you will kayak 96*5 = 480 feet up the river.

Down the river in 5 minutes:

You kayak down a river at a rate of 423 feet every 3 minutes. That is, a rate of 423/3 = 141 feet per minute.

So, in 5 minutes, you will kayak 141*5 = 705 feet down the river.

How much farther do you kayak in 5 minutes on the way down the river than in 5 minutes on the way up the river.

706 - 480 = 225 feet farther.

what is the difference between online school and in-person
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Answers

Answer:

The difference between online school and in person school is that online is online and inperson is in person.

Step-by-step explanation:

Answer:

Online-School is worse and In-person is better bc when your at home your not face to face with the teacher and you can get bad grades and when your at school you can get better grade and online- school is hard bc you have lots of homework and it complicated but have a great day

Step-by-step explanation:

please help me answer the questions ​

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The answer of this question is going to be B then on 2 A then D

what is the product of 6(x^2)*6x-1/6(x+1)

Answers

Answer:

(x-1)(6x-1)

Step-by-step explanation:

this is the answer i think

Find an equation of the line with the given y-intercept and slope m.
4.2, m= -3.7
The equation of the line in

Answers

Answer:

[tex]y=-3.7x+4.2[/tex]

Step-by-step explanation:

Slope intercept form

[tex]y=mx+b[/tex]

here m=-3.7 and b=4.2

[tex]y=-3.7x+4.2[/tex]

If a wholesale price of an item is $250 and the markup is 25%. how much will you pay for the item.
Pls show your work if u answer

Answers

Step-by-step explanation:

250/100= 2.5

2.5×25= 62.5

250+62.5= 312.5

you will pay $312.50

(5X10^-7) x (3 x10^6)=

Answers

Answer:

1.5 x 10^0

Step-by-step explanation:

I will give brainiest to whoever answers correctly !!

Answers

Answer:

The country's population decreased about 5.8 % during this time period.

Step-by-step explanation:

Population in 1990 = 164 million

Population in 2010 = 155 million

Determine the percent decrease

The formula used is: [tex]Percent\:Decrease=\frac{Initial\:Value-New\:Value}{New\:Value}\times 100[/tex]

We have :

Initial Value = 164 million (164,000,000)

New Value = 155 million (155,000,000)

Finding percent decrease

[tex]Percent\:Decrease=\frac{Initial\:Value-New\:Value}{New\:Value}\times 100\\Percent\:Decrease=\frac{164,000,000-155,000,000}{155,000,000}\times 100\\Percent\:Decrease=\frac{9,000,000}{155,000,000}\times 100\\Percent\:Decrease=5.8\%[/tex]

So, The country's population decreased about 5.8 % during this time period.

how many more calories do you burn per minute downhill skiing than hiking

Answers

Answer: 2 more calories skiing

Step-by-step explanation:

First find the slope of each line.

Slope of Skiing:

= (Y₂ - Y₁) / (X₂ - X₁)

= (400 - 240) / (50 - 30)

= 8

= 8 calories per minute

Slope of Hiking

= (360 - 120) / (60 - 20)

= 6

= 6 calories per minute

Difference:

= 8 - 6

= 2 more calories skiing

please help!
is there a point of intersection for the lines;
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Answers

Answer:

(5.25, 1.5)

Step-by-step explanation:

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You started with $20 in your bank account. Each week you add $8.50 to your account.
How much money will you have in your account in 6 weeks?

Answers

Answer:

$71.00

Step-by-step explanation:

$8.50 x 6= 51

$20.00 + 51.00 = $71.00

The Wellman family is planning a vacation. They will drive from Boston, MA to Tampa, FL (total of 1,336 miles) over 4 days. They will drive 365 miles the first day, 421 miles the second day, and 310 miles the third day. How many miles will they drive on their fourth and final day?


340 miles


430 miles


330 miles


240 miles

Answers

Answer:240 miles

Step-by-step explanation: the reason they have 240 miles left to drive is because on the first day they drove 365 miles so you would subtract that by the total and you get 971 miles then you subtract 421 miles witch is what they drove on the second day by 971 and you get 550 and then you subtract 550 by 310 miles witch is what they drove on day 3 and then you get 240 miles.

If MP is a perpendicular bisector to LN, find each value(picture attached)

Answers

Answer:

f

Step-by-step explanation:

Similarity in Right Triangles
Find the value of x.
x
x = [?]
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Answers

Answer:

x=12

Step-by-step explanation:

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Answers

Answer:

Gustavo

Step-by-step explanation:

if anything this looks like 38-19n, if the first term is n=1.

But as that isn't an option, gustavo should be correct, as his sequence would go down by 19 each time (yuki's would go up by 19 each time, not down like the sequence shows)

1 point
3) Rob grows potatoes in his garden. The weights of the potatoes are
shown in this line plot. Rob bakes the three potatoes that have the greatest
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XXXX+-100
XXX
Х
Х
colon TXX
1
Weight (pounds)
Key

Answers

Answer:

do You need help?

Step-by-step explanation:

32,005,008 in expanded form​

Answers

Answer:(3 x 10000000) + (2 x 1000000) + (0 x 100000) + (0 x 10000) + (5 x 1000) + (0 x 100) + (0 x 10) + (8 x 1)

Step-by-step explanation: Use the place value to help you .

Answer:

30,000,000+2,000,000+5,000+8

Step-by-step explanation:

Expanded form is when you break the number apart and write it as an addition expression. You break it where ever there is isn't a 0

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A jacket costs $50. The sales tax is 7%. How much tax will you pay?
i neeed this fast pls

Answers

Answer:

You will pay $3.50 tax

Step-by-step explanation:

$50 * 7% =

$50 *0.07 =

$3.50

THE table shows the number of pages blaine read for different times. How many pages will blaine read in 42 minutes?

Answers

Answer:

[tex]126[/tex] pages

Step-by-step explanation:

From the table, we know that Blaine can read [tex]6[/tex] pages in [tex]2[/tex] minutes. Therefore, Blaine can read [tex]\frac{6}{2}=3[/tex] pages per minute. Therefore, Blaine can read [tex]42*3=126[/tex] pages in [tex]42[/tex] minutes. Hope this helps!

CELL PHONES Many cell phone plans have an option to include more than one phone. The function for the monthly cost of cell phone service from a wireless company is f(x) = 25x + 200, where x is the number of phones on the plan. Find and interpret f(3) and f(5).

Answers

Answer:

f(3)=275, f(5)=325

Step-by-step explanation:

We just plug in 3 and 5 into the equation:

We get f(x) = 25x + 200

f(3) = 25*3 + 200

=75+200

=275

Interpretation: if there are three cell phones on the plan, then the total monthly cost is 275.

for f(5):

f(5) = 25*5 + 200

=125+200

=325

Interpretation: if there are five cell phones on the plan, then the total monthly cost is 325.

Answer:

f(3)= 75, which is the cost of a cell phone plan with 200 phones for 275 a month;

f(5)= 125, which is the cost of a cell phone plan with 200 phones for 325 a month;

Lydia ran 10 miles in 120 minutes. How many minutes did she run per mile?

Answers

Answer:

It took Lydia 12 minutes to run each mile

Step-by-step explanation:

120/10

Answer:

12 minutes per mile.

Step-by-step explanation:

For this one all you have to do is divide 120 the total minutes by 10 the total number of miles and you get 12 minutes per mile.

6) 98=4b+ 2c; Find b if c=5

Answers

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Find the area of the kite with the given information.​

Answers

Answer:

Area of the given kite = 84 square inches.

Step-by-step explanation:

Properties of the diagonals of a kite,

1). Diagonals are perpendicular to each other.

2). Longer diagonal bisects the smaller one.

Therefore, Length of smaller diagonal BD = 2×6 = 12"

In right ΔAEB,

m∠ABE = m∠EAB = 45°

Therefore, in isosceles triangle AEB,

AE = BE = 6"

Now the length of longer diagonal AC = AE + EC

AC = 6" + 8"

     = 14"

Area of the given kite ABCD = [tex]\frac{1}{2}(d_1)(d_2)[/tex]

                                                = [tex]\frac{1}{2}(AC)(BD)[/tex]  

                                                = [tex]\frac{1}{2}(14)(12)[/tex]

                                                = 84 square inches

16.
(01.04 LC)

Select the expression that has a value of 82.45.?
0.8245 × 102
8.245 ÷ 101
824.5 × 103
8,245 ÷ 103

Answers

Answer:

B. 8.245 ÷ 101

Step-by-step explanation:

Place value is defined as the numerical value or the position of a digit in a number series.

The place values are ones, tens, hundreds, thousands, ten thousands, hundred thousands and millions respectively.

Each place has a value of 10 times the place to its right.

5. Write an inequality that represents the phrase "the sum of twice a number and four is at least sixteen".

Answers

Answer:

x>5andx≤9

Step-by-step explanation:

Which fraction can be replaced with 1/2 when estimating with fractions? A. 1/8 B. 2/9 C. 2/3 D. 10/12

Answers

D. 10/12 because if you are estimating fractions you can do 1/2 times 6 to get 6/12 and then round up to get 10/12

Answer:

d

Step-by-step explanation:

X^9/7 convert from exponent form to radical form

Answers

Answer:

[tex]x^{\frac{9}{7}} = \sqrt[7]{x^9}[/tex]

Step-by-step explanation:

You can solve this by realising that the denominator of a fractional exponent can be expressed as the base of a radical.

Note also that the order does not matter.  You could also express it as

[tex]\sqrt[7]{x}^9[/tex]

The reason this works is that you're effectively breaking the exponent into fractions.  The first answer is the equivalent of:

[tex](x^9)^{1/7}[/tex]

and the second would be:

[tex](x^{1/7})^9[/tex]

In both cases, the exponents would be multiplied, giving the same result.

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