Kraig deposited money into a money market account. It has an interest of 12% and is compounded annually. Kraig thought 3% would be the equivalent quarterly interest rate. Is Kraig correct? If he is, explain why. If he is not correct, state what the equivalent quarterly interest rate. Explain.

Answers

Answer 1

Answer:

If the amount is P, with the interest rate of 12%, the interest over the year is:

P*(1.12) - P = 0.12P

In this case the quarterly interest rate is:

0.12P/4 = 0.03P

With the same amount and 3% quarterly rate, the yearly interest would be:

P*(1.03)^4 - P = 0.1255P

The quarterly interest rate in this case is:

0.1255P/4 = 0.031375P

If the quarterly interest rate is r, it should be little less than 3% to yield a 12% yearly rate.

So Kraig is wrong.


Related Questions

Arc measurement with equations

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Answer:

thats the question?

Step-by-step explanation:

what is the answer the / is division/divided? t+d/8-6

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Answer:

t+d/2

Step-by-step explanation:

Graph
y = 3x^2.
Please thanks

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Answer:

The image of the graph is below.

Step-by-step explanation:

Find the area of a parallelogram with a base of 9m and a height of 5​

Answers

Answer:

A=45m²

Step-by-step explanation:

A=bh=9·5=45m²

a student takes a rectangular piece of paper 30 cm long and 21 cm wide find the area of the biggest circle that can be cut out from the paper also find the area of the paper left after cutting out the circle​

Answers

Answer:

Step-by-step explanation:

diameter of the circle=smallest of the length and width=21 cm

r=21/2

area of the circle=πr²=22/7 ×(21/2)²=(21×441)/(7×4)=1323/4=330.75 cm²

WHERE ARE THE EXPERTS AND ACE!!!!!!! I NEED HELP PLS SHARE YO SMARTNESS!!!!! WILL GIVE BRAINLIEST AND RATE AND VOTE!!!

2 questions

Answers

Answer:

Confidence Interval - "P" values  

(0.4433 , 0.5444 )

~~~~~~~~~~~~~~~~~~~~~~~

[tex]\mathrm{Expand\:}\left(x+4y\right)^3:\quad x^3+12x^2y+48xy^2+64y^3[/tex]

in you image it is the last on "D"

Step-by-step explanation:

Confidence Level - "P" values  

99% 2.58

Confidence Interval - "P" values  

(0.4433 , 0.5444 )  

If (3x2 + 22x + 7) ÷(x + 7) = 3x + 1, then (x + 7)( ) = . The check of the polynomial division problem shows that the product of two polynomials is a polynomial. This supports the fact that the property is satisfied for polynomial multiplication.

Answers

Answer:

[tex](x + 7) * (3x + 1) = (3x^2 + 22x + 7)[/tex]

Step-by-step explanation:

Given

[tex](3x^2 + 22x + 7) \div (x + 7) = 3x + 1[/tex]

[tex](x + 7) * (\ ) = [\ ][/tex]

Required

Complete the blanks

We have:

[tex](3x^2 + 22x + 7) \div (x + 7) = 3x + 1[/tex]

Rewrite as:

[tex]\frac{(3x^2 + 22x + 7) }{ (x + 7)} = 3x + 1[/tex]

Cross multiply

[tex](x + 7) * (3x + 1) = (3x^2 + 22x + 7)[/tex]

Answer:

Answer B, C, C

What is the greatest counting number that divides 17, 25 and 41 and leaves the same remainder in each case?

Answers

The greatest counting number that divides 17, 25 and 41 and leaves the same remainder in each case is 8

PLEASE HELP 25 MINUTES LEFT
38
Marlene wrote an arithmetic sequence where al
=
8 and the common difference is -3.
What is a rule for the nth term of this sequence?

Answers

Answer:

D

Step-by-step explanation:

The nth term of an arithmetic sequence is

[tex]a_{n}[/tex] = a₁ + (n - 1)d

where a₁ is the first term and d the common difference

Here a₁ = 8 and d = - 3 , then

[tex]a_{n}[/tex] = 8 - 3(n - 1) = 8 - 3n + 3 = - 3n + 11 → D

I need help PLZ thanks for your help
Image below

Answers

Answer:

3x - 14 = x + 30

[ Opposite angles of a ||gm are equal ]

=> 3x - x = 30+14

=> 2x = 44

=> x = 22

Therefore , option 4 is correct

hope that helps ✌

PLz, Help fast! 100 points
A line is drawn on a scatter plot, as shown below:

A graph shows values till 10 on both x- and y axis with increments of 1.Dots are shown at 0.5, 7.5 and 1.8, 6.5 and 3, 6 and 4.4, 5 and 4.8, 4 and 5.9, 3.2 and 6.6, 2 and 7.5, 2.5 and 8, 1 and 8.8, 0. A straight line joins the ordered pairs 0, 7.9 and 10, 0.

Which statement best describes the line?

Answers

Answer:

It can be the line of best fit because it closely fits the data points.

Step-by-step explanation:

The line is near the data points and goes down from left to right just like the data points.  It is just above or just below the data points.

Answer:

guy above is right

Step-by-step explanation:

If A = 2m + 1 and B 2m2 - 1 + 8m, find an expression that
equals 3 A + B in standard form.
Please help

Answers

Answer:

2m² + 14m + 2

Step-by-step explanation:

3A + B

= 3(2m + 1) + 2m² - 1 + 8m ← distribute parenthesis by 3

= 6m + 3 + 2m² - 1 + 8m ← collect like terms

= 2m² + 14m + 2 ← in standard form

Green Forest Park’s walking trail is 3.218 km. long. Blue Lake Park's walking trail is 2.414 km. long. How much longer is Green Forest Park’s trail than Blue Lake Park’s trail? GIVING 20 POINTS

Answers

Answer:

0.804

Step-by-step explanation:

Subtract 3.218 by 2.414

what is the answer?

Answers

Answer:

3,6

Step-by-step explanation:

6. An integer Pis two thirds of another and their difference is 10. Find the two integers. an integer p is 2/3 of another and their difference is 10 find the two integers ​

Answers

Answer:

20, 30

Step-by-step explanation:

let the intergers be x and y

x = 2/3y

from this eqn, we know that y is larger.

hence, y-x=10

y-2/3y=10

1/3y=10

y=30

x=2/3y =2/3(30) = 20

Create a triangle ABC of your choice. Using GeoGebra tools, construct the angle bisectors of ∠A and ∠B. Mark the intersection point of the angle bisectors, and label it point D.
Create a line through point D perpendicular to .
Find the intersection of line segment and the perpendicular line, and label it point E. With point D as the center, create a circle passing through point E.
Measure and label the radius of the inscribed circle of ΔABC on the diagram.
Take a screenshot of your result, and paste it below.

Answers

The steps to create attached screenshot of the inscribed circle of triangle ΔABC using GeoGebra tools includes;

1) Clicking on the Geometry link, under Powerful Math Apps group

2) On the opened Geometry page click on the Polygon icon and follow the instructions that come up, which is Select all vertices and then the first vertex (selected) again (a second time)

3) Once the triangle is created, select the Angle Bisector icon, under the Construct group; A message will appear, asking to Select three points or two lines, select three vertex, of the triangle created with a mouse click, with the vertex A in the center, such as BAC, or CAB a straight line representing the angle bisector of angle ∠A is created

4) Repeat the above to create the angle bisector of angle ∠B

5) Click on the Point button under the Basic Tools group, then click on the intersection of the two angle bisectors created above, the point will be automatically labelled point D

6) Click on the Perpendicular Line, icon under the Construct group, then click on point D, and then the line AB to draw the perpendicular from D to AB

7) Click on the point Point icon and then the intersection point of the perpendicular from D and AB to label the point E

8) Click on the Circle with Center basic tool and then points D and E above, to create the inscribed circle of triangle ΔABC

9) Select the Segment tool, then select the center of the circle and a point

on the circumference. Click on the label, from the pop up options, select

the label option AA then change the label of the segment created to Radius

and select Show Label and Show Value. The inscribed circle of ΔABC created with GeoGebra tools is attached

Learn more about GeoGebra hear;

https://brainly.com/question/10400398

Answer:

Step-by-step explanation: from edmentum

Find the length of y. Assume the triangles are similar.\

A. 3.6
B. 3.2
C. 3.9
D. 3.4

Answers

6,3:y=4,2:2,4

y=3,6

Chọn a

Find the slope of the line that passes through (7, 2) and (9, 9).

Simplify your answer and write it as a proper fraction, improper fraction, or integer.

Answers

Answer:

the slope is m=7/2

Step-by-step explanation:

Answer:

7/2

Step-by-step explanation:

Natalie bought 8 toys for $50. Which of the following has the same price per toy?

Answers

Well you didn’t put and options but the cost per toy is $6.25 so which ever is equal to that should be your answer.
50/8 =6.25

Answer:

The price per toy is $6.25.

Step-by-step explanation:

The price per toy is calculated by dividing the cost of all toys by the number of toys.

$50/8 = $6.25

The price per toy is $6.25.

10 Adoya deposited sh 4000 for 2 years in a bank which paid 122% p.a. simple interest. What interest did he get after two years?​

Answers

Me too I need the answer

Find the real solution(s) of the following equation.
98 =
= 729
Choose all answers that apply:
A
8= 7
B
8= -7
8=9
D
8= -9
None of the above

Answers

Answer:

a=9

Step-by-step explanation:

a^3 = 729

Taking the cube root of each side

a^3 ^(1/3) = 729^ (1/3)

a = 9

HELP ASAP LIKE PLEASE

Answers

Answer: (3b+2)(b+2)

Step-by-step explanation:

What is the numerical Absolute values of -16

Answers

Answer:

16

Step-by-step explanation:

The absolute value always gives a positive value , that is

| - a | = | a | = a , then

| - 16 | = | 16 | = 16

find the value of 2 raise the power negative 6​

Answers

Answer:

1 /64

Step-by-step explanation:

2^-6

We know that a^-b = 1/a^b

1 / 2^6

1/64

The scatter plot below shows the relationship between years of education and income for a representative sample of adults.
Which of the following is the best estimate of the average change in a person's income that is associated with going to school for an additional year?
Choose 1 answer:
Choose 1 answer:

(Choice A)
A
$
1
$1dollar sign, 1

(Choice B)
B
$
2
$2dollar sign, 2

(Choice C)
C
$
3000
$3000dollar sign, 3000

(Choice D)
D
$
7000
$7000dollar sign, 7000

2
2
4
4
6
6
8
8
10
10
12
12
14
14
16
16
18
18
20
20
22
22
24
24
20000
20000
40000
40000
60000
60000
80000
80000Annual income (dollars)Years of education

Answers

Answer:

A

Step-by-step explanation:

khan

When investing money in a bank account, in which situation will you have the most money in your account at the end of three years?

Compounded semiannually
Compounded yearly
Compounded quarterly
Compounded monthly

Answers

Answer:

continuously is the most, and what is actually done at the banks...

as for your answer:

Compounded monthly

Step-by-step explanation:

When investing money in a bank account, you will have the most money in your account at the end of three years when compounded monthly.

What is compound interest?

Compound interest is the interest you earn on interest.

[tex]A = P(1 + \frac{r}{n} )^{nt}[/tex]

Where,

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of time periods elapsed

To check in which situation we will earn the most money in end of  three years, we calculate the final amount in each situation keeping other variables constant.

Let

P = 5000

r = 5%

t = 3 years

When compounded annually,

[tex]A = 5000(1 + 0.05)^{3} = 5788.125[/tex]

When compounded semiannually,

[tex]A = 5000(1 + 0.025)^{6} = 5798.467[/tex]

When compounded quarterly,

[tex]A = 5000(1 + 0.0125)^{12} = 5803.772[/tex]

When compounded monthly,

[tex]A = 5000(1 + 0.0125)^{12} = 5807.361[/tex]

Thus, it can be said that you have the most money in your account at the end of three years when compounded monthly.

Learn more about compound interest here

https://brainly.com/question/14295570

#SPJ2

When 4x + 4x + 1 = 33 is solved, the result is:

Answers

Answer:

x = 4

Step-by-step explanation:

1. 8x+1 = 33 and the 4x together

2. 8x = 32 subtract 1 from each side

3. x = 4 Divide both sides by 8

Answer:

x=4

Step-by-step explanation:

4x+4x+1=33

Combine like (similar) terms:

8x+1=33

Rearrange terms to solve for x:

8x=33-1

8x=32

[tex]\frac{8x}{8} =\frac{32}{8}[/tex]

x=4

Therefore, x=4.

which of the following is a tinomial

Answers

B! There are three parts of the equation, hence "tri-"nomial :)
Good luck.

in the afternoon the temperature was 52 degrees. a strong arctic cold front caused the temperature tio drop 38 degrees in 4 3/4 hours. if the temperature continues to drop at thre same rate what will the temperature be after 2 hours?​

Answers

Answer:

5.9

Step-by-step explanation:

14 degrees dropped in 4 3/4, in one hour 56/19 degrees will drop. In two hours, 112/19=5.9 degrees will drop

A pair of parallel lines is cut by a transversal: 15 degrees and 80 degrees are the lines What is the measure of angle x?

60 degrees
65 degrees
70 degrees
80 degrees

Answers

Step-by-step explanation:

=80°-15°=65°

please mark this answer as brainlist

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