subject
Mathematics, 20.04.2020 18:50 stevenabramyan

Ted and Alan are in a race to double their money. Ted feels he will win if he puts his $4,000 into a savings account offering 4.5%
interest compounded annually. Alan feels he will win because he intends to put his $1,000 into a savings account offering 6%
interest compounded annually. Using the rule of 72, who will win, and how many years will it take to double his money?
Alan will win. It will take 16 years.
Alan will win. It will take 12 years.
Ted will win. It will take 12 years.
Ted will win. It will take 16 years.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 21:30
If you flip a coin 3 times, what is the probability of flipping heads 3 times? a. p(3 heads) = 3/8 b. p(3 heads) = 1/6 c. p(3 heads) = 1/8 d. p(3 heads) = 1/2
Answers: 2
question
Mathematics, 21.06.2019 21:30
Abicycle training wheel has a radius of 3 inches. the bicycle wheel has a radius of 10 inches.approximately how much smaller, in square inches and rounded to the nearest hundredth, is the area of the training wheel than the area of the regular wheel? *
Answers: 3
question
Mathematics, 21.06.2019 23:00
Solve for n. round to the tenths place, if necessary. 14.2 cups of flour6 loaves of bread= 20 cups of flour n
Answers: 2
question
Mathematics, 21.06.2019 23:30
Oliver had $50 on the day before his birthday. after he recived some money for his birthday , he had $75. write and solve eqaution to find how much money oliver received for his birthday. x+50=75
Answers: 1
You know the right answer?
Ted and Alan are in a race to double their money. Ted feels he will win if he puts his $4,000 into a...
Questions
Questions on the website: 13722363