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23.02.2021 •
Mathematics
Select all the correct answers.
What types of quadrilaterals are parallelograms?
triangles
squares
pentagons
rhombuses
rectangles
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Ответ:
Ответ:
15 withdrawals.
Step-by-step explanation:
If you deposit $3,750 at your local bank, you will earn interest 1.75%.
We will calculate the interest after one year by using formula
I = Prt
Were P = Principal amount ($3,750)
r = rate of interest ( 1.75%) = 1.75/100 = 0.0175
t = time in years (1 year)
I = 3,750 × 0.0175 × 1
= 3,750 × 0.0175
= 65.625 ≈ $65.63
If you deposit $3,750 in an online saving account, you will earn 3.25% interest.
Now we will calculate the interest after one year of this account by using the same formula as above.
I = 3,750 × 0.0325 × 1
= 3,750 × 0.0325
= 121.875 ≈ $121.88
Difference in interest = 121.88 - 65.63 = $56.25
You will earn in online saving account $56.25 more as interest but you will be charged $4.00 every time you make an ATM withdrawal.
We will divide $56.25 by $4.00 to get how many withdrawals make local saving account to be a better deal.
= 14.0625 ≈ 15
After 15 withdrawal your local savings account to be a better deal than the online savings account.