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There are 2 banks, Bank A and Bank B. Bank A provides compound interest of 1.3%. Bank B provides interest of 3.5% for the first year and then 0.7% for each extra year. James wants to invest £250. Which bank provides the most interest after 4 years?

Bank A: £250*(1.013^4) = £263.25570.... , Bank B: £2501.035(1.007^3) = £264.2218.... , 264>263 therefore Bank B provides more interest than Bank A

SL
Answered by Sean L. Maths tutor
2655 Views

Find the x-intercepts of the graph y=x^2+2x

At the x-intercepts of the graph, the line crosses the x-axis. This means that the y-value at these points equals 0. We must therefore make x^2+2x equal to 0 and simplify the equation. x^2+2x = 0 is the s...

HH
Answered by Harry H. Maths tutor
5792 Views

What is a production possibility frontier?

A production possibility frontier, or PPF, is a line showing the maximum level of output in an economy of one good or group of goods in terms of another. At any point on this line, the economy is operatin...

HH
Answered by Harry H. Economics tutor
2312 Views

Differentiate y=e^(x)*sin(x) with respect to x

y=e^(x)*sin(x)   

Use the product rule:   y'=uv'+vu'    y=u*v          

Differentiate: u=e^(x)   u'=e^(x)    v=sin(x)  v'=cos(x)

Sub into the product rule: y'=e^(x)*cos(x)+e^(x)*sin(x...

AJ
Answered by Alexander J. Maths tutor
4628 Views

Which past tense do you use when?

In German, there are 3 ways of forming the past tense. The easiest 2 are the Perfect and Imperfect, and there is another slightly more complex form calle...

GC
Answered by Grace C. German tutor
2104 Views

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