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:
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:
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
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.
Hence, Gareth should make 18 ATM withdrawals every year for better deal.
Answer:
8
Step-by-step explanation:
the unknown can NEVER be negative
so you wont see an answer like
-b= 7, -a=98; -k= -9
so,
-x= -8 (change their positions so that the unknown, x, is positive)
x=8
Answer:
Step-by-step explanation:
When you use the distance formula, you are calculating the length of the hypotenuse of a right triangle
B)(–1,0)
C)(1,0)
D)(3,0)
Answer:
The correct option is D.
Step-by-step explanation:
The given function is
From the given graph it is clear that x-intercepts of the graph are (2,0) and (4,0).
The midpoint of x-intercepts is
The midpoint of x-intercepts is (3,0). Therefore the correct option is D.
4n + 3 what is the 6th term?
Answer:
27 is the answer to the question
Step-by-step explanation:
4(6)+3=24+3=27