Gareth has $2,000 to invest. Putting the money in a savings account at his local bank will earn him 2.2% annual interest and gives him the ability to make ATM withdrawals from that bank’s ATMs. Putting the money in an online savings account will earn him 4.85% annual interest, but he will be charged $3 every time he makes an ATM withdrawal. Assuming that Gareth’s ATM withdrawals do not affect the amount of interest he earns, roughly how many ATM withdrawals must Gareth make every year for the local savings account to be a better deal than the online savings account?

Answers

Answer 1

Answer:

Gareth has $2,000 to invest. Putting the money in a savings account at his local bank will earn him 2.2% annual interest.

Interest earned in local bank = 2000 * 22.2% = 2000 * 0.022 = 44

Putting the money in an online savings account will earn him 4.85% annual interest

Interest earned in online account = 2000 * 4.85% = 2000 * 0.0485 = 97

He will be charged $3 every time he makes an ATM withdrawal.

In online account, the interest is 97 . If he withdraws 18 times then

Total ATM fee is 18 * 3= 54 . so 97 - 54 = 43

43 is lower than 44 that is interest of local account.

Therefore, 18 ATM withdrawals make local savings account to be a better deal than the online savings account every year.

Answer 2

Answer:

Answer:

Gareth should make 18 ATM withdrawals every year for better deal.

Step-by-step explanation:

Consider the provided information.

Gareth has $2,000 to invest and local bank will earn him 2.2% annual interest.

The amount earned by local bank is: $\$2000* (2.2)/(100)=\$44$

The money in an online savings account will earn him 4.85% annual interest, but he will be charged $3 every time he makes an ATM withdrawal.

The amount earned by online account $\$2000* (4.85)/(100)=\$97$

Savings account has no ATM withdrawal charges but online savings account charge $3.00 per withdrawal.

Let x is the number of times he withdrawal money.

$97-3x=44\n3x=53\nx=17.67\approx 18$

Hence, Gareth should make 18 ATM withdrawals every year for better deal.

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Answers

Answer:

I think C is your answer.

It's just a guess.

Step-by-step explanation:

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A. exosphere
B. troposphere
C. stratosphere
D. mesosphere

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A. exosphere
B. troposphere
C. stratosphere
D. mesosphere

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A. exosphere
B. troposphere
C. stratosphere
D. mesosphere

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A. exosphere
B. troposphere
C. stratosphere
D. mesosphere

Most weather occurs in the _________.
A. exosphere
B. troposphere
C. stratosphere
D. mesosphere
The __________ the atmospheric layer farthest from Earth.
A. exosphere
B. troposphere
C. stratosphere
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Answers

B: Troposphere
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Which of the following points is a solution of y > |x| + 5?a. (0, 5)
b. (1, 7)
c. (7, 1)

Answers

You can do this one simply just by plugging in the values of x and y for each answer.
Note: (0,5) is just a way to right x=0 and y=5

Try answer A (0,5)
$y\ \textgreater \ |x|+5$
$5\ \textgreater \ |0|+5$
$5\ \textgreater \ 0+5$
$5\ \textgreater \ 5$
This is not true. 5 is not bigger than 5 so A is not the answer

Try answer B (1,7)
$y\ \textgreater \ |x|+5$
$7\ \textgreater \ |1|+5$
$7\ \textgreater \ 1+5$
$7\ \textgreater \ 6$
This is true so answer B works!

Might as well try answer C (7,1)
$y\ \textgreater \ |x|+5$
$1\ \textgreater \ |7|+5$
$1\ \textgreater \ 7+5$
$1\ \textgreater \ 12$
1 is obviously not greater than 12 so C does not work

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In the formula e = hf, if e is doubled and f is halved, what happens to the value of h?

Answers

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3 12 Find the nth term of each sequence. (a) -1, -3, -5, -7, -9, .

Answers

Hello!

Answer:

$\Large \boxed{\sf -11}$

Step-by-step explanation:

→ We want to find the next term of this sequence:

$\sf (-1, -3, -5, -7, -9, ...)$

→ The sequence (-1, -3, -5, -7, -9, ...) is an arithmetic sequence because the difference between any two consecutive terms is constant.

→ The common difference is -2.

→ So the next term of this sequence is equal to:

$\sf -9-2 = \boxed{\sf -11}$

Conclusion:

The next term of the sequence (-1, -3, -5, -7, -9, ...) is -11.

Samir buys x cans of soda at 30 cents each and (x+4) cans of soda at 35 cents each. The total cost was $3.35. Find x

Answers

An equation is formed of two equal expressions. The value of x is 3.23.

What is an equation?

An equation is formed when two equal expressions are equated together with the help of an equal sign '='.

The cost of x cans can be written as $=x * 0.30$

The cost of (x+4) cans can be written as,

$(x+4) * 0.35\n= 0.35 x+ 1.4$

Now, the total cost of the cans is given to us like $3.35, therefore, the value of x can be written as,

$(0.30x) + 0.35x+ 1.4 = 3.35\n\n0.65x = 3.5-1.4\n\nx = (2.1)/(0.65)\n\nx = 3.23$

Hence, the value of x is 3.23.

Learn more about Equation:

brainly.com/question/2263981

0.30x is the cost of the first type of soda. 0.35(x+4) is the cost of the second type of soda. Put these into an equation looking like:

Cost of Soda A + Cost of Soda B = Total Cost
0.30x + 0.35(x+4)=3.35 --> Expand 0.35(x+4)
0.30x + 0.35x + 1.4 = 3.35 --> Add the x's and subtract 1.4
0.65x = 1.95 --> Divide by 0.65
x = 3

Samir buys 3 cans of soda at 30 cents each and 7 (3+4) cans of soda at 35 cents each. Samir buys a total of 10 cans of soda.

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