Adita has two options for how to invest $1,000.Plan A: Put the $1,000 in an account that pays $100 per year.
Plan B: Put the $1,000 in an account that pays 5 percent interest per year.

Which statement is true?
Plan A will be worth more than plan B after two years.
Plan A will be worth the same amount as plan B after one year.
Plan B will be worth more than plan A after three years.
Plan B will be worth more than plan A after four years.

Answers

Answer 1

Answer: First let's calculation
Plan A = 1000 dollars to be invested in an account that pays 100 dollars per year. (1000 + 100 = 1100 dollars in a year)
Plab B = 1000 dollars to be invested in an account that pays 5% interests per year (1000 * .05 = 50 => 1000 + 50 = 1050 dollars per year)
Thus the correct answer is Plan A will be worth more than plan B after two years.

Answer 2

Answer:

The true statement is Plan A will be worth more than plan B after two years.

What is the worth of the plans with the passage of time?

The equation that can be used to represent the future value of plan A:

Total value = initial value x ($100 x number of years)

Value in 2 years: 1000 x (100 x 2) = $1200

Value in 3 years: 1000 x (100 x 3) = $1300

Value in 4 years: 1000 x (100 x 4) = $1400

The equation that can be used to represent the future value of plan B:

FV = P (1 + r)^n

FV = Future value
P = Present value
R = interest rate
N = number of years

Value in 2 years: 1000 x(1.05^2) = $1102.50
Value in 3 years: 1000 x(1.05^3) = 1157.63
Value in 4 years: 1000 x(1.05^2) = 1215.51

To learn more about future value, please check: brainly.com/question/18760477

#SPJ5

Related Questions

What is 99+1 x 4 worth 50 pts
Mai borrowed $12,000 at 5% interest for 6 years. What was the total interest Mai paid? $
Solve for X.A. 168B. 180C. 21D. 42
Which equation has exactly one solution?A. 4 - 12x - 9 = 0 B. 4 + 12x + 9 = 0 C. 4 - 6x - 9 = 0 C. 4 + 6x + 9 = 0 (Please show how you get the answer)
Karen and Daryl work for a delivery service. Karen made 15 more deliveries than Daryl. If Daryl made d deliveries, which expression represents the number of deliveries Karen made?a. d divided by 15B. 15 + dC. 15 • dD. d- 15

A salesman paid $14.87 to fill his car with 44.3 liters of gasoline. Find the price per liter of gasoline to the nearest thousandth of a dollar.

Answers

per 1 liter
price/1liter=14.87/44.3
divide
price/1liter=0.3356659etc/1liter
round (thousandth is 3 numbers after decimal)
price/1liter=0.336/liter

price=$0.336 per liter

(07.02 MC)An equation is shown below:

5(3x − 4) = 1

Which of the following correctly shows the first two steps to solve this equation?

Step 1: 15x − 20 = 1; Step 2: 15x = 21
Step 1: 15x − 4 = 1; Step 2: 15x = 5
Step 1: 8x + 1 = 1; Step 2: 8x = 0
Step 1: 8x − 9 = 1; Step 2: 8x = 10

Answers

the first choice is your correct answer :)

Answer:

The first choice is the correct answer

Step-by-step explanation:

Express each ratio as a fraction in simplest form. Hint: 1 yard = 3 feet 9 yards to 48 feet

Answers

1 yard = 3 feet
9 yards * 3 = 27 feet
9 yards : 48 feet =
= 27 feet : 48 feet =
= 27 / 48 ( we will divide numerator and denominator by 3 ) =
= 9 / 16

Calculati aria unui patrat care are perimetrul de 7,2 cm

Answers

$A=l^2=\left((P)/(4)\right)^2=\left((7,2)/(4)\right)^2=1,8^2=3.24\;cm^2.$

Green eyes.

Solve 2x>7 } pls help

Answers

I think the answer is X= 3

How do you find the graph of f(x)= 5x-1/x-3 ?

Answers

$f(x)=(5x-1)/(x-3)=(5x-15+14)/(x-3)=(5x-15)/(x-3)+(14)/(x-3)=(14)/(x-3)+(5(x-3))/(x-3)=(14)/(x-3)+5\n\ny=(14)/(x)\n\n\Downarrow T_{\vec{a}=[3;\ 5]-translate\ 3\ units\ right\ and\ 5\ units\ up}\n\nf(x)=(14)/(x-3)+5$

$y=(14)/(x)\n\n\underline{x|-28|-14|-7|-2|\ -1\ |\ 1\ |\ 2\ |\ 7\ |14|28|}\ny|-(1)/(2)\ |\ -1\ |-2|-7|-14|14\ |\ 7\ |\ 2\ |\ 1|\ (1)/(2)\ |$

Other Questions

Help Math Analysis !!!!

Which function is odd? Check all that apply.A. y = sin x B. y = csc x C. y = tan x D. y = cos x

X^2+6x=13What Is The Result After Completing The Square ?

PLEASE HELP WITH THIS QUESTION!!!