A six-month time-deposit account pays 5.35% simple interest. Dora has already calculated that she could earn $10.54 in six months on a $1,400 deposit in a savings account earning 1.5% daily interest. How much more interest could Dora earn if she deposited the $1,400 in the time-deposit account instead of a savings account for 6 months?

Jim Russell’s $1,500 deposit could earn $18.87 in 12 months in a savings account paying 1.25% daily interest. How much more interest could Jim earn in a 3-month CD that pays 3.26% simple interest every 3 months during the 12-month period? EXAMPLE 4Find the effective rate of interest to the nearest hundredth percent on $1,000 deposited in an account that pays 5% annualinterest, compounded quarterly. Use the compound interest table below to help woth the calculations.Find the difference between the deposit and the compound amount.4

351.23

step-by-step explanation:

solution:

we have to construct

∠m nt ≅ ∠p qr

the steps to draw this construction are

step 1: use a compass to draw an arc from point q which intersects the side pq at point a and the side qr at point b.

step 2: draw a segment nt and use the same width of the compass to draw an arc from point n which intersects the segment nt at a point x.

step 3:

step 4: join points n and y using a straightedge.

step 3:

option (d).maintaining the same width of the compass as ab, draw an arc from point x such that it intersects the arc drawn from n in a point y.

to draw   congruent angles , 1. width of compasses while drawing two angles should be same i.e from point at which angle has to be drawn, 2.the distance between the two points where the compass intersects the two sides should be same while drawing any two congruent angles.