Question

CAN YOU GUYS CHECK MY ANSWERS? THERE ARE 2 QUESTIONS! PLEASE? I WILL FAN ANYONE WHO HELPS!

Answer 1

question #1. City Bank offers 4% simple interest on deposits. County Bank offers 3% interest compounded annually.

Derek deposits $5000 in City Bank and Lupe deposits $5000 in County Bank.

What is the difference in final balances for Derek and Lupe at the end of 6 years?



A.
$229.74


B.
$300.00


C.
$356.33


D.
$426.60

Answer 2

i said B? is that right?

Answer 3

Caps arent necessary

Answer 4

oh, ok, sorry

Answer 5

i said b lol

Answer 6

But ill help :)

Answer 7

thanks! :)

Answer 8

where did you go? i thought you said you would help?

Answer 9

Yes, the answer is B. :)

Answer 10

ok, thanks, i have 1 more

Answer 11

Welcome :)
K post it

Answer 12

Tucker invested $3500 at 2% interest compounded annually.

How much interest will he earn in 3 years?



A.
$70.00


B.
$210.00


C.
$214.23


D.
$3714.23

Answer 13

i said B agian

Answer 14

i mean, i said b again lol

Answer 15

its B im 100% sure

Answer 16

ok, thanks! :)

Answer 17

Yeah, it's B. :)

Answer 18

and if you want you can give me a medal

Answer 19

i don't know how to give medals

Answer 20

best reponse on the side

Answer 21

oh, ok, here lol

Answer 22

thanks waterfall

Answer 23

yep! :) and thank you! :)

Answer 24

yw

Answer 25

can you help me with 5 more?

Answer 26

lol

Answer 27

um sure

Answer 28

fire away

Answer 29

ummm.... 1 sec

Answer 30

sorry it's taking so long 1 sec

Answer 31

i have to get my teacher to unlock it again for me lol

Answer 32

its ok

Answer 33

urg, she wont do it lol

Answer 34

oh, you left, well, ok, sorry if i took too long

Answer 35

i didnt leave

Answer 36

oh, you didn't?

Answer 37

ok, she finally opened it for me

Answer 38

ok, question 1 lol...

Answer 39

For the investment with interest compounded annually, find the final balance and the total interest earned.

$1200 for 2 years at 10%



A.


final balance: $1440
interest earned: $240


B.


final balance: $1452
interest earned: $252


C.


final balance: $1600
interest earned: $400


D.


final balance: $2400
interest earned: $1200

Answer 40

is it b?

Answer 41

Thats really confusing... I'm not sure

Answer 42

i'll just go with b then, ok, #2...

Answer 43

a

Answer 44

For the investment with interest compounded annually, find the final balance using the formula A = P(1 + r)t.



$600 for 4 years at 5%



A.
$120


B.
$129.30


C.
$720


D.
$729.30

Answer 45

A is the answer 100% sure

Answer 46

are you sure, i said D?

Answer 47

but ok

Answer 48

since your 100% sure lol

Answer 49

A for the first question is 100% sure

Answer 50

#3...

Answer 51

What is the final balance for an account starting with $3000 at 2.5% interest compounded annually for 4 years?

A = P(1 + r)t



A.
$3075.00


B.
$3300.00


C.
$3311.44


D.
$7324.22

Answer 52

im doing number 2 right now

Answer 53

oh, ok, and i think 3 is d, hey, that rymes, lol

Answer 54

opps, i mean C

Answer 55

do you have it?

Answer 56

Also number 2 is A

Answer 57

oh, ok

Answer 58

i think 3 is C

Answer 59

number 3

Answer 60

i think it's C, i already posted it, but i'll post it again lol

Answer 61

What is the final balance for an account starting with $3000 at 2.5% interest compounded annually for 4 years?

A = P(1 + r)t



A.
$3075.00


B.
$3300.00


C.
$3311.44


D.
$7324.22

Answer 62

i think it's C

Answer 63

B

Answer 64

100% sure its B

Answer 65

ok

Answer 66

thats all?

Answer 67

yep, ok, thanks! :)