PLEASE WILL MARK BRAINIEST!!!!!! Jameson and Quincy each deposit $7,000 into accounts that earn 6% interest, but Jameson earns annual simple interest while Quincy earns annual compound interest. Assuming neither one of them makes any deposits or withdrawals for 5 years, which of the following is a true statement?

Jameson will have about $9,367.58 less in his account than Quincy.


Jameson will have about $267.58 less in his account than Quincy.


Jameson will have about $2,367.58 more in his account than Quincy.


Jameson will have about $2,100 more in his account than Quincy.

Answers

Answer 1

Jameson will have about $267.58 less in his account than Quincy.

What is Compound Interest?

Compound interest is the interest calculated on the principal and the interest accumulated over the previous period.

Here, Jameson deposit Principal = $ 7000

           Duration = 5 years

           Rate of interest = 6 % SI per annum.

For simple Interest,   Amount = P(1+RT)

Total amount in Jameson at the end of 5 years = 7000 ( 1 + 0.06 X 5)

                                                          = 7000 X 1.3

                                                         = $ 9100

Quincy deposit Principal = $ 7000

           Duration = 5 years

           Rate of interest = 6 % CI per annum.

For Compound Interest,   Amount = P(1+R)ⁿ

Total amount in Quincy at the end of 5 years =  7000 ( 1 + 0.06)⁵

                                                                           = 7000 X 1.34

                                                                           = $ 9367.58

Thus, Jameson will have about $267.58 less in his account than Quincy.

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Answers

Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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Step-by-step explanation:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Tom and Kim are playing a game in which they use a spinner with 10 sectors. One of the sectors says, "$0," four
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Answer:

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Step-by-step explanation:

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Answer:

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then we will have the inequality:

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The figure shows the dimensions of a rectangular storage room. Darnell
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Answers

Answer:

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The median means the exact middle of the data set. In this case, it falls between the 8 and the 9, so the middle would be 8.5, so that's the median of the set. I hope this helps :)

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Answer asp

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Answer:

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A statistical question is a question that can be answered by collecting data that vary

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Answer

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Answers

a)Function is increasing in intervals (1,3) and (4,6).

b)Function is decreasing in intervals (0,1) and (3,4).

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To get more about graphs visit:

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Answers

Answer:

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f(x) = 6·sin(2·π/10(x + 3π/2)) + 12 = 6·sin((π/5)(x + 3π/2)) + 12

Please help fast....

Answers

Answer:

Step-by-step explanation:

Answer:

Volume = 1.25

Step-by-step explanation:

Length = 5 * 1/2 = 2.5

Width = 1 * 1/2 = .5

Height = 2 * 1/2 = 1

[tex]2.5 * .5 * 1 = 1.25[/tex]

I need help and NO LINKS

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second graph, the other three are all the same(reflection) while number two is different and shows a translation

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Answer:

i did it to its C

Step-by-step explanation:

mark me pls

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D

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use Pythagoreans theorem to solve (a^2+b^2=c)

Part A

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Not reasonable. The whole numbers add up to 3 so the total sum

cannot be 5 cups

Reasonable. The grapes and apples is about 2 cups and pears and

oranges is exactly 3 cups.

Reasonable. The pears and apples is about 3 cups and the grapes

and oranges is exactly 2 cups.

PLAY

(0)

Part B

What is the exact amount of fruit salad in cups?

cups

o

Enter your answer as a fraction or a mixed number.

Answers

Answer:

Part A: Choice 3) Reasonable. The grapes and apples is about 2 cups and pears and oranges is exactly 3 cups.

Part B: Exactly 4 11/12 cups

almost equal to 5 cups

Step-by-step explanation:

The missing part of the question is :

2 1/2 cups of pears. 2/3 cup of grapes 1 1/4 cups of apples 1/2 of orange slices .

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2 1/2+1 1/4 =

5/2 + 5/4

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= 15/4

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and oranges is exactly 2 cups. This statement is wrong.

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= 1 11/12 cups

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2 1/2 cups +1/2 of orange slices

3 cups

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Kim bought a lawn chair that had a ticket price of $25.00. She ended up paying $26.50 after tax. If she were to buy a $40.00 patio table, how much would she have to pay after tax?

Answers

Answer:

41.50

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Will give brainiest if right

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Answers

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