Jordan deposits $100 into a savings account that pays him with a compound interest rate of 3%. Justin deposits $100 into an accountthat pays him simple interest at the rate of 3%. Who will see a greater return if they withdraw all of their money after 3 years?

Answers

Answer 1

Answer:

Jordan

Explanation:

Given that :

JORDAN :

Principal (P) = $100

Compound interest rate (r) = 3%

AMOUNT AFTER 3 YEARS:

A = P(1 + r/n)^nt

n = number of times interest is applied per period

t = time ; A = final amount

A = 100(1 + 0.03)^3

A = 100(1.03)^3

A = 100(1.092727)

A = $109.2727

JUSTIN :

Principal = $100

SIMPLE INTEREST interest rate = 3%

A = P(1 + rt)

A = 100(1 +(0.03 * 3))

A = 100(1 + 0.09)

A = 100(1.09)

A = 1.09 * 100

A = final amount after 3 years = $109


Related Questions

After asking coworkers to review a project plan, you receive feedback. Your coworker thinks there is a better way to display the data in the business report.You should add a
title
reference
abstract
table

Answers

Answer:

table

Explanation:

Which of the following is true about cover letters?
Cover letters are equivalent to a personal sales pitch
O Cover letters can be the same for all prospective employers
Cover letters should not list anything specific about the company
O Cover letters should be sent the day before the résumé

Answers

Answer:

Cover letters are equivalent to a personal sales pitch

Explanation:

A cover letter, also the job application letter, is sent to prospective employers together with a resume. Its purpose is to complement the resume, but not to duplicate it.  A cover letter specifies the job an applicant is seeking and the reason why the employer should hire them.

A cover letter allows job applicants to market themselves to the employer. It offers an opportunity for the applicant to explain why they are the best candidate for the job and what they can do for the employer. Potential employers rely on cover letters to a certain extent in determining who to shortlist for a job interview.

Cover letters are often used in job applications. Cover letters are equivalent to a personal sales pitch.

The main reason of a cover letter is to arose the interest the employer in reading your resume.

The letter often gives information to the employer about who the candidate is as a professional and also as a person.

It often includes their areas of interests, professional goals, knowledge, skills they've gained over the years, etc.

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What is the definition of premium?

A. the value of something lost or damaged
B. the highest payout by an insurer
C. the amount paid for an insurance policy
D. the best insurance available

Answers

Answer:

the amount paid for an insurance policy or C

Explanation:

Answer:

It is C

Explanation:

3 td
(1 po
mm
8. When Dr. Norman travels, she always stays at a Hawks family hotel. She is brand loyal, and
thinks that Hawks offers the best service. On this trip, Dr. Norman stayed at three different
Hawks hotels. Customer service was excellent at two of the hotels, but at the last hotel, the
person checking in guests was rude. Dr. Norman completes a comment card on each hotel,
knowing that Hawks strives for excellent customer service. This scenario exemplifies which
service characteristic?
Omarketability
Ovariability
O inseparability
O intangibility

Answers

Answer:

Variability

Explanation:

Variability expresses the notion that a service may vary in standard or quality from one provider to the next or from occasion to the next.

Which of the following relies the most on the health of the economy?
•Builders
•Manufacturers
•Trade industries
•Producers

Answers

Answer: Trade Industries

Explanation:

Trade industries survive as long as people and businesses can afford to trade goods and services. If entities are unable to afford consumption for a reason such as a decline in income, the trade industries will suffer.

When the economy is not healthy, income levels of people will reduce and so trade industries will suffer as opposed to a healthy economy where entities can afford goods and services which will ensure the survival of trade industries.

Need help answer this question please help me

Answers

Answer:

 b). 4 and 14 units

Explanation:

The equilibrium point is the intersection of demand and supply curves. It is a condition of no excess or shortage in supply or demand in the market. At equilibrium, the quantity demand matches the quantity supplied.

At the equilibrium situation, buyers are willing to purchase the quantity supplied at the stated price. It implies both suppliers and buyers are happy with the current supply and price.

You own a roofing company the roofers are replacing shingles on a house it takes 7/8 of 50 pound box of nailes to install shingles on 1/4 of the roof how many boxes of nails will the company need to install shingles on the entire roof

Answers

Answer:

3.5 boxes

Explanation:

If that is what it takes to install shingles on 1/4 of the roof then we would need to multiply this amount by 4 to find out how many boxes it would take to complete the entire roof, since 4 times 1/4 would equal 4/4 which represents the entire roof.

7/8 * 4 = 3.5 boxes of nails

Finally, after completing this calculation we can see that it would take the company 3.5 of 50 pound box of nails to complete the entire roof, that would mean a total of

3.5 * 50 = 175 pounds of nails

It can be referred from the text that ...
The GMX 200 is a disposal garbage
b. Used batteries can be replaced in the product
c. The users will get full refund if there is malfunction during the guarantee period
d. There are two kind of batteries to replace the old batteries​

Answers

This question is incomplete because the text is missing; here is the missing part:

Text 1

1. Remove the back cover, using a small screwdriver to loosen the screw

2. Remove batteries and replace with two new AAA batteries. use the + and - signs to position correctly. dispose of used batteries properly.

3. Replace the cover and tighten the screw with the screwdriver

4. Reset the time using the side buttons

The GMX 200 is guaranteed to keep time accurately for one full year from date of purchase should it malfunction in any way during this time period, your money will be refunded in full.

The correct answer to this question is C. The users will get full refund if there is malfunction during the guarantee period.

Explanation:

This text provides instructions to change the battery in a GMX 200, which can be inferred it is a clock or similar device. This text explains the different steps users need to follow to change batteries. Moreover, in the last section of the text, it is clarified if there is any failure during the first year, which is the guaranteed time "your money will be refunded in full". According to this, it can be inferred during this time any malfunction implies the user gets a complete refund (option C.)

2. Which of the following is not an example of the law of supply?

Answers

Answer:

B

Explanation:

The law of supply summarizes the effect price changes have on producer behavior. For example, a business will make more video game systems if the price of those systems increases. The opposite is true if the price of video game systems decreases. Answer B does not specify a company supplying an item for a higher or lower price.

When a strong unity of command is present, employes are assigned to more than one manager.
True
False

Answers

Answer:

The correct option is;

False

Explanation:

Unity of command is the organizational arrangement, whereby all employee assigned to a particular department answer to their line manager, and vice, versa, the line manager directs the activities of all employees within his department to perform the tasks of the organizational engagement or projects for which the department is in responsible.

Eyan is giving a seminar on environmental conservation efforts in a local factory. Which qualities is Eyan using when writing and presenting his seminar? leadership, supervising, and teaching skills critical-thinking skills and knowledge of environmental regulations communication skills and physical strength knowledge of machines and responsibility in operating heavy equipment

Answers

Answer: critical-thinking skills and knowledge of environmental regulations

Explanation:

Since Eyan is giving a seminar on environmental conservation efforts in a local factory, the quality that Eyan is using when writing and presenting his seminar will be critical-thinking skills and knowledge of environmental regulations.

Eyan should possess critical thinking skill as he should be able to think clearly and at the same time should also have knowledge of environmental regulations.

Answer:

critical-thinking skills and knowledge of environmental regulation

Explanation:

It's below me

Give a least two reseons why u think your product and country would be a good idea

Answers

Answer:

my Product and Country Would be a good idea because instead of charging taxes I would make sure everyone is not at the same level but to a point to where no one is homeless or in need of help my product would be something that could make food for free and anytime food is not hard to come by but the wealthy buys so much food that they don't need and discard that those who do need the food cannot retrieve the food because it is already gone being wealthy is nice but if I was wealthy I would try to at least let those around me either become wealthy or make sure they never need something to the point they could die for it.

Explanation:

Write a short paragraph of two or three sentences describing the benefits of sending a cover letter along with your résumé.

Answers

Answer:

Some benefits of sending a cover letter along with your resume includes, Recruiters will see who put the work in. Your resume is factual, your  cover letter is personal. It demonstrate your interest. Show you've done your research. Give them a taste of who you are. These are benefits for sending in your cover letter along with your resume.

Explanation:

It is NOT the sample response, no need to alter it I made it myself. Hope this helps

Employers are more likely to view your resume if one include a cover letter with it.

Define resume and cover letter.

The facts — whom, what, where, and how – are stated in a resume. A cover letter allows you to show why you are qualified for the position.

Employers are more likely to view your resume if one include a cover letter with it.

The cover letter provides personalized information and the resume is factual.

Your cover letter should convey your enthusiasm.

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David, the manager of a bookstore, prefers to directly point out other's mistakes. Some employees see his communication style as rude and
aggressive. Which of the following can cause such a conflict?
O Concern over job security
Lack of trust
Differences in work styles
Diversity in the workplace

Answers

Answer:

Differences in work styles

Explanation:

Conflicts are serious disagreements. They arise from differences in ideas, opinions, methodology, or actions. Conflicts create tensions and may lead to verbal or physical violence if unresolved.

David, as the manager, has his style of working. The employees under him may have different methods of performing their roles. If David does not appreciate his junior ways of working, there could be tension and unnecessary conflicts.

Which of the following documents thanks the interviewer and restates the applicant’s interest in the job?
a.
Cover letter
b.
Acceptance letter
c.
Thank-you letter
d.
Rejection letter

Answers

Answer:

c

thank you letterr.........

Answer:

C

Explanation:

I took the test

What does the functional organizational structure organize employees by?

Select one:
a. specialty
b. product
c. profit
d. age

Answers

Answer:

D

Explanation:

I hope this is correct and have a great day

How does the work done by agriculture communications professionals compare to and differ from that of other marketing workers?

Answers

Answer:

Agriculture communications professionals need to have the same basic background on marketing, covering areas such as market research, product research, and market communication.

However, they will also need to have an agriculture-related background, because they need to understand the dynamics of the agriculture business, from farm issues, to the kind of crops or produce that they can buy or sell in a specific area, to even agricultural policy.

Why do many investors choose to make diversification a key element of their investment strategies?

Answers

Spreading out investments through diversification reduces the likelihood of losing money is the way diversification of investment strategies.

What is diversification, and what does it reduce in a portfolio?

In order to lower the risk of market volatility, investors frequently use the investment strategy of diversification, in which they distribute their portfolio among a variety of securities and asset classes.

It is a component of asset allocation, which refers to how much of a portfolio is invested in different asset types.

Thus, Spreading out investments through diversification reduces the likelihood of losing money

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Answer: C. Diversification spreads out investments to limit the risk of losing money

Explanation:

I just took the quiz

The chart indicates the education or training histories of three employees in the Agriculture, Food, and Natural Resources career cluster. A 2-column table with 3 rows. Column 1 is labeled Employee with entries Prisha, Amos, Deliah. Column 2 is labeled Education and Training with entries High school degree, bachelor's degree, master's degree; High school degree, bachelor's degree; High school degree, on-the-job training. Based on the degrees usually required by Agriculture, Food, and Natural Resources, what are most likely the jobs held by these three employees? Prisha is a Food Scientist, Amos is a Veterinarian, and Deliah is a Floral Designer. Prisha is a Parts Salesperson, Amos is an Environmental Compliance Inspector, and Deliah is a Greenhouse Manager. Prisha is a Park Worker, Amos is an Environmental Engineer, Deliah is a Zoologist. Prisha is a Farm and Management Advisor, Amos is a Forester, and Deliah is an Equipment Operator.

Answers

Answer: D

Explanation:

Answer:

D

hope this helps!!!!11

Explanation:

Write the names of sender and receiver of quotation letter in foreign trade.​

Answers

Answer:

Wydm

Explanation:

Before applying for a credit card, Jacob examines his credit report. Which explains why Jacob might examine his credit report?
to determine which company has the best credit card features
to determine if he has a history of good credit
to determine if he needs a credit card
to determine his credit limit

Answers

Answer:

B

Explanation:

I took the quiz

Jacob might examine his credit report to determine if he has a history of good credit. Thus the correct option is B.

What is a credit card?

A credit card is supposedly a sort of plastic currency that enables a person to make purchases on credit and then reimburse the money with interest at a later date.

In order to avoid excessive spending, one should keep in mind that if a credit card debt is left unpaid at the end of the credit limit, interest will be imposed on the remaining balance.

Your creditworthiness, payment history, and ability to repay a loan are all factors that mortgage lenders consider when approving a loan. This enables you to manage and improve your credit rating by demonstrating your credit growth.

Therefore, option B is appropriate.

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Differentiate between micro hydro power and hydro power. ​

Answers

Answer: Hydroelectricity is a form of hydropower and is the most widely used form of renewable energy throughout the world. ... Hydro electricity extracted from water depends not only on the volume but on the difference in height between the source and the water's outflow.

Hope this helps...... Stay safe and have a Merry Christmas!!!!!!!! :D

Explanation:

Why do you need to create an effective advertising message? An effective advertising message tells customers about the specific details and features of your product. An effective advertising message tells customers what your competitors are offering. An effective advertising message tells customers the benefits of what you have to offer. An effective advertising message only focuses on products and not services.

Answers

Answer:

An effective advertising message tells customers the benefits of what you have to offer.

Explanation:

The main goal of an effective advertising message is to convince the potential customer population that their product is right for them and is the best choice in the current market. This is done by telling customers the benefits of what you have to offer. If the advertisement shows customer that the product provides a needed benefit to them it will be an efficient advertisement and convince them to buy it.

5a) Change
the given angle
into
degress-
i) 10ʻl6' 15"​

Answers

Given :

An angle 10 16' 15".

To Find :

The given angle into degrees.

Solution :

We know, 1° = 60' and 1' = 60".

Now,

[tex]15" = (15\times \dfrac{1}{60})^{'}\\\\15"= \dfrac{1}{4}^{'}=0.25^{'}[/tex]

Now,  total minutes are :

(16 + 0.25)' = 16.25'

Converting 16.25' to degrees.

[tex]16.25^{'} = 16.25\times \dfrac{1}{60} ^o\\\\16.25^{'} = 0.271^o[/tex]

Therefore, angle in degree is ( 10+0.271 )° = 10.271° .

Match the economic scenario to the relevant characteristics. Increase in savings increase in unemployment more demand for funds among borrowers increase in government borrowing increase in price of products economic recession economic expansion

Answers

Answer:

Economic expansion

Increase in savings

The economy is expanding which means that people have access to higher wages. This will enable them to save more.

More demand for funds among borrowers

As the economy is expanding, people will borrow to consume more as well as to invest which will lead to a higher demand for borrowed funds.

Increase in price of products

With more people able to afford goods and services, prices will increase as there is now more demand for those goods.

Economic recession

Increase in unemployment

With the economy shrinking, companies will be making less profit and will have to layoff workers to reduce their costs.

Increase in government borrowing

In a recession, the Government will have to spend more to prop up the economy like the US Government did during this pandemic by providing stimulus packages. This spending is supported by borrowing.

What is the act of gathering information relative to a company's action and the factors that affect the space in which the company operates?

Answers

The answer is Market Research .

Which attack is typically performed from a hallway or doorway?
Select one
A Blitz
B. Combination
C. Transitional
D. Offensive interior

Answers

Answer:

B. Combination

Explanation:

Firefighting can be defined as a strategic approach or technique which typically involves the process of attempting to prevent and control the spread of an unwanted fire in buildings, vehicles or any other location (place).

Basically, the professionals or experts who are saddled with the responsibility of preventing or controlling this unwanted fire are known as fire fighters.

An attack which is typically performed from a hallway or doorway is known as combination.

Demand for a good will MOST likely decrease when
A
there are many substitutes for it.
B
the price of it decreases.
C
consumer income rises by ten percent.
D
retailers sell out of the product.

Answers

Answer:

A. There are many substitutes for it.
I’d Definitely say A.

Question 1 of 10
Monetary policy deals with government actions intended to:
A. help unemployed citizens find jobs.
B. increase exports to other countries.
C. damage a foreign country's economy.
D. control the country's money supply.
SUBMIT

Answers

Government initiatives aimed at regulating the nation's money supply are referred to as monetary policy. Therefore (D) is the correct option.

What is money supply?

The money supply is the entire amount of money—cash, coins, and bank account balances—in circulation. The money supply is the total amount of cash and other liquid assets in an economy on the measurement date.

When the government makes decisions regarding the money supply in the country, it is done to regulate the money supply in the country.

Therefore, (D) is the correct option.

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Which of the following influences the consumer when he or she is deciding wether to buy a product?
A. The stock market
B. Opinion factors
C. External factors
D. Multiple factors

Answers

Answer:

D.

Explanation:

The factors that infuence a consumer's decision of buying product are multiple. It can be internal, external, economic, cultural, etc.

These factors include psychological factor, social factor, cultural factor, situational factor, etc.

Many times it's psychological factors such as moods. If a person is in bad or good mood, it will affect his behavior to buy a product. Culture or social life also influences consumer's buying habit. Some buy under peer pressure or to have status in society.

Therefore, option D is correct.

Answer: External factors

Explanation:

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