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?
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
if kj of heat is transferred o 1200 g liquid water at 36'c, what would the new temperature of the water be? (he specific heat capacity of liquid water is 4.186 j/g''c)
a. 15'c
b.100'c
c.51'c
d.36'c
I’m pretty sure it would be c. applying password policies