The price of a new car is $28,000. Assume that an individual makes a down payment of 25% toward the purchase of the car and secures financing for the balance at the rate of 6%/year compounded monthly. (Round your answers to the nearest cent.)

(a) What monthly payment will she be required to make if the car is financed over a period of 36 months? Over a period of 60 months?
36 months=$
60 months=$

(b) What will the interest charges be if she elects the 36-month plan? The 60-month plan?
36-month plan =$
60-month plan=$


Answers

Answer 1

With a 25% down payment, the interest for the 60-month plan therefore equals $3,372.60.

what is compound interest ?

A loan's or investment's principle and any accrued interest from earlier periods are both considered when calculating compound interest. In other words, it is the interest charged on a deposit or loan that is computed on both the initial principal and the cumulative interest. This means that the principal amount is increased by the interest earned during each period, and the succeeding interest is computed using the new sum. This causes the investment or debt to grow over time and can have a big impact on the amount received or due in comparison to simple interest calculations.

given

(b) The amount funded can be subtracted from the total amount paid over the loan term to determine the interest fees.

The total sum paid for the 36-month plan is:

The amount paid is monthly payment multiplied by the number of payments ($630.70 x 36 = $22,743.60).

These are the interest fees:

Interest costs equal Total paid - Financed amount ($22,743.60 - $21,000) to equal $1,743.60.

Hence, the 36-month plan's interest costs come to $1,743.60.

(ii) The total sum paid for the 60-month plan is:

Amount paid equals Monthly Payment * Number of Payments, or $406.21 * 60, for a total of $24,372.60.

These are the interest fees:

Interest costs are calculated as follows: Total paid - Total financed: $24,372.60 - $21,000 = $3,372.60

With a 25% down payment, the interest for the 60-month plan therefore equals $3,372.60.

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Related Questions

A sphere has radius 2. 7cm. What is its surface area to the nearest sqaure cenitmeter

Answers

[tex]\textit{surface area of a sphere}\\\\ SA=4\pi r^2 ~~ \begin{cases} r=radius\\[-0.5em] \hrulefill\\ r=2.7 \end{cases}\implies SA=4\pi (2.7)^2\implies SA\approx 91.61~cm^2[/tex]

solve problems 3 and 4 in homework 2 by constructing confidence intervals about the parameters to be tested, rather than performing hypothesis testing. do you get the same results as before?

Answers

Confidence intervals provide more information than hypothesis tests as they give an estimate of the parameter value as well as a range of plausible values, whereas hypothesis tests only give a decision about the null hypothesis.

To solve problems 3 and 4 in homework 2 by constructing confidence intervals about the parameters to be tested, rather than performing hypothesis testing, we need to take the following steps:

Step 1: Calculate the sample mean and sample standard deviation from the given data.

Step 2: Calculate the standard error (SE) using the formula: SE = σ / √n`,

where `σ` is the population standard deviation (if known), or the sample standard deviation (if population standard deviation is unknown)

and `n` is the sample size.

Step 3: Calculate the margin of error (ME) using the formula: `ME = z * SE`,

where `z` is the z-score corresponding to the desired level of confidence.

Step 4: Calculate the confidence interval (CI) using the formula: `CI = sample mean ± ME.

Step 5: Interpret the confidence interval in the context of the problem.

Statement: Do you get the same results as before.

No, we do not get the same results as before.

When we construct a confidence interval, we obtain a range of plausible values for the parameter with a certain level of confidence, whereas in hypothesis testing, we either reject or fail to reject the null hypothesis based on the sample data at a certain level of significance.

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let p value of our hypothesis testing problem is 0.10 with significance level of 0.05. what is the probability that null hypothesis is true?

Answers

Probability of the null hypothesis being true is greater than the significance level.

The probability that the null hypothesis is true depends on the significance level set before the hypothesis test. In this case, the significance level was set at 0.05 and the p-value obtained was 0.10. This means that the probability of the null hypothesis being true is greater than the significance level (0.10 > 0.05), so the null hypothesis cannot be rejected.

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I need some help please

Answers

Answer:

−18 x + 12

Step-by-step explanation:

multiply using the distributive property

Answer:

-2(9x-6)

-2 divided by 9x = - 18

-2 divided by - 6 = 12 (negative + negative =positive)

= - 18x +12

What is the base, rate of change (incr/decr), and is it growth or decay


Y=3000(0.72)^x

Answers

The key features of the function are Base = 0.72, Rate = decrement and it decays

identifying the key features of the function

Given that

y = 3000 * (0.72)ˣ

The given equation is in the form of exponential decay:

Base: The base of the exponential function is the constant term that is being raised to a power. In this case, the base is 0.72.

Rate of change: The rate of change is the factor by which the function is being multiplied or divided as the input variable increases.

Since the base is less than 1, the function is decreasing as x increases. The rate of decrease is given by the base, which is 0.72.

Growth or decay: As the base is less than 1, the function is decreasing, which means it is a decay function.

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_______ is/are formed immediately after the union of sperm and ovum in the fallopian tube.

Answers

A Zygote is/are formed immediately after the union of sperm and ovum in the fallopian tube.

What is a zygote?

A zygote is a cell formed when two gamete cells are fused by means of sexual reproduction. These cells contain a single set of chromosomes from both the father and the mother of the offspring. As a result, the zygote contains all of the genetic information required to create a completely new person. After the fertilization of the ovum by the sperm, the zygote is formed. The zygote will continue to divide into a multicellular embryo and eventually a fetus after fertilization has taken place.

The fusion of a sperm cell with an ovum in the fallopian tube leads to the formation of a zygote, which involves the combination of genetic material from both parents resulting in the creation of a single-celled zygote. This zygote then initiates the process of cell division and progresses into an embryo.

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suppose that the value of a stock varies each day from $8.82 to $16.17 with a uniform distribution. find the third quartile, i.e., 75% of all days the stock is below what value?

Answers

The third quartile is $10.6575, which means that 75% of all days the stock is below this value.

The range of the stock price is from $8.82 to $16.17, and the distribution is uniform, which means that the probability of the stock price being any value between the minimum and maximum is the same.

To find the third quartile, we need to find the value x such that 75% of the observations are less than or equal to x, and 25% of the observations are greater than or equal to x.

Since the distribution is uniform, we can find x by finding the value that separates the bottom 25% of the distribution from the top 75% of the distribution.

The bottom 25% of the distribution spans from $8.82 to some value x. Since the distribution is uniform, we can find x by setting the probability of the stock price being less than or equal to x to 0.25, which gives:

(x - 8.82) / (16.17 - 8.82) = 0.25

Solving for x, we get:

x - 8.82 = 0.25 * (16.17 - 8.82)

x - 8.82 = 1.8375

x = 10.6575

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analysis of a pert problem shows the estimated time for the critical path to be 108 days with a variance of 64. there is a .90 probability that the project will be completed before approximately day: group of answer choices 108. 98. 115. 118. 109.

Answers

There is a .90 probability that the project will be completed before approximately day 118.

The given information can be solved by using the formula of z-score as follows:

Z = (X - μ)/σ

Where: Z = z-score

X = the time for project completion

μ = the mean time for the critical path

σ = standard deviation for the critical path

σ² = variance of the critical pathσ = √64

σ = 8

Given that the mean time for the critical path is μ = 108 days and σ = 8 days,

Therefore, the z-score of the completion of the project before 108 days is given by:

Z = (X - μ)/σ0.90

 = P(Z < z)

 = P(Z < (X - 108)/8)P(Z < (X - 108)/8)

 = 0.90

Using a z-table or calculator, we find the z-value to be 1.28.

Then,1.28 = (X - 108)/8

Multiplying both sides by 8, we get:10.24 = X - 108

Adding 108 to both sides, we get: X = 118.24

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the temperature at 12 noon was 10 degree Celsius above zero .if it decreases at the rate of 2 degree Celsius per hour until midnight ,at what time would the temperature be 8 degree Celsius below zero? what would be the temperature at midnight?

Answers

Answer:

The time will be 1:00pm(13 hours) at which the degree Celsius will drop down to 8degrees Celsius since the temperature at 12noon was 10 degree Celsius and it is dropping at the rate of 2 degree Celsius.

when we make inferences about one population proportion, what assumptions do we need to make? mark all that apply.

Answers

The data should come from a binomial distribution. There should be no non-response or other forms of bias. The sample size should not be more than 10% of the population size, and the sample should be independent of one another.

When making inferences about one population proportion, the following assumptions need to be made:

Option 1: The sample is a simple random sample from the population.

Option 2: The sample size should be large enough so that both np ≥ 10 and n(1 − p) ≥ 10.

Option 3: The data comes from a binomial distribution.

Option 4: There is no non-response or other forms of bias.

Option 5: The sample size is no more than 10% of the population size.

Option 6: The sample is independent of one another.In order to make inferences about one population proportion, the assumptions mentioned above need to be made. It is vital to make sure that the sample is a simple random sample from the population, and that the sample size is large enough so that both np ≥ 10 and n(1 − p) ≥ 10.

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Help help help help help help help help

Answers

Answer:

(5^3)^(-2)

Step-by-step explanation:

5^2 × 5^-8 = 5^-6

(5^3)^(-2) = 5^-6

ten identical protein samples were analyzed by the bradford method for protein analysis. the following values for protein concentration were obtained. observation number protein concentration (mg/ml) 1 1.02 2 0.98 3 0.99 4 1.01 5 1.03 6 0.97 7 1.00 8 0.98 9 1.03 10 1.01 calculate sample mean

Answers

The sample mean protein concentration obtained using the Bradford method for protein analysis is 1.00 mg/ml.

We must add together all the protein concentrations and divide the total by the number of observations in order to determine the sample mean for the protein concentrations acquired using the Bradford technique for protein analysis.

We have ten identical protein samples in this instance, and the measured protein concentrations are as follows:

Protein concentration (mg/ml) observations: 1: 1.02, 2: 0.98, 3: 0.99, 5: 1.01, 6: 0.97, 8: 1.00, 9: 1.03, and 10: 1.01.

We add up the protein concentrations and divide the total by the number of observations to determine the sample mean:

[tex](1.02 + 0.98 + 0.99 + 1.01 + 1.03 + 0.97 + 1.00 + 0.98 + 1.03 + 1.01) / 10[/tex] is the sample mean.

= 1.00 mg/ml

As a result, the Bradford method for protein analysis yielded a sample mean protein content of 1.00 mg/ml.

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What is the area of this parallelogram?
O A = 20 ft²
O A=213ft²
O A = 33 ft²
O A=41 ft²
5 ft
4 ft
81 ft

Answers

The area of the given parallelogram is A- 33(1/2) ft² using the base and height of the parallelogram. the correct answer is (c).

What is a parallelogram?

A quadrilateral with two sets of analogous edges is appertained to as a parallelogram. In a parallelogram, the opposing edges are of equal length, and the opposing angles are of equal size. also, the internal angles that are supplementary to the transversal on the same side. 360 ° is the sum of all internal angles. A parallelepiped is a three- dimensional shape with parallelogram- shaped sides. The base( one of the analogous lines) and height( the distance from top to bottom) of the parallelogram determine its area. A parallelogram's border is determined by the lengths of its four edges. The characteristics of a parallelogram are participated by the shapes of a square and cell. What's area? The size of a section on a face is determined by its area. face area refers to the area of an open face or the border of a three- dimensional object, whereas the area of an area area plane region or area  area plane area refers to the area of a shape or planar lamella.

The area of a parallelogram is given by

[tex]base*height.base=8(1/3)ft[/tex]

height=4ft

[tex]Area=b*h =(25/3)*4 =100/3 = 33[/tex]

[tex][base]\frac{1}{3}[(hieght)] ft^{2}[/tex]

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a container of hot liquid is placed in a freezer that is kept at a constant temperature of 25f. the initial temperature' of the liquid is 170f. after 4 minutes, the liquid's temperature is 70f. how much additional time (after 4 minutes) will it take for its temperature to decrease to 35f? round your answer to two decimal places.

Answers

The additional time it will take for the temperature of the liquid to decrease to 35°F after 4 minutes is 21.54 minutes (rounded to two decimal places).

Given that: Initial temperature of the liquid, T₁ = 170°F.Final temperature of the liquid, T₂ = 35°F.Constant temperature of the freezer, T = 25°F.

Time taken to decrease the temperature of the liquid from 170°F to 70°F, t₁ = 4 minutes.

The rate of change of temperature, R = (T₁ - T) / t₁ = (170°F - 25°F) / 4 minutes = 111.25°F/minute.

In the freezer, the rate of change of temperature is constant. Hence, the rate of change of temperature after 4 minutes can be used to calculate the additional time it will take for the liquid's temperature to decrease from 70°F to 35°F:R = (T₂ - T) / t₂ = (35°F - 25°F) / t₂t₂ = (10°F / R) = (10°F / 111.25°F/minute) = 0.089728 minutes ≈ 5.38 seconds.

Adding this time to the initial 4 minutes, we have the additional time it will take for the temperature of the liquid to decrease to 35°F after 4 minutes: t = t₁ + t₂ = 4 minutes + 0.089728 minutes ≈ 4.089728 minutes or 4 minutes 5.38 seconds.

The additional time it will take for the temperature of the liquid to decrease to 35°F after 4 minutes is 21.54 minutes (rounded to two decimal places).

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a spinner with the letters a, b, c, and d is spun. what is the theoretical probability of landing on the letter c?

Answers

The probability of the spinner landing on the letter C is 1/4

To understand the probability of the spinner landing on the letter C, we need to start by looking at the total number of possible outcomes. In this case, there are four possible outcomes, corresponding to the four letters A, B, C, and D.

Since each of the four quadrants on the spinner is equal in size, each of the four letters has an equal chance of being landed on. Therefore, the probability of the spinner landing on the letter C is the number of ways that the spinner can land on C, divided by the total number of possible outcomes.

Since there is only one way for the spinner to land on C, and there are four possible outcomes in total, the probability of the spinner landing on the letter C is 1/4

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The given question is incomplete, the complete question is:

A spinner with four equal quadrants labeled A, B, C, and D is spun. What is the theoretical probability of the spinner landing on the letter C

which statistical method could a scientist use to estimate the strength of evidence that a particular node in a phylogeny exists?

Answers

A scientist can use bootstrap analysis to estimate the strength of evidence that a particular node in a phylogeny exists.

Bootstrap analysis is a statistical method used to determine the reliability and robustness of phylogenetic trees' topologies. In bootstrap analysis, a series of random resampling with replacement is used to assess how well the observed data fit the phylogenetic hypothesis.

Bootstrap values range from 0 to 100 and reflect the proportion of times that a particular node or branch occurs in the bootstrap replicate trees. Bootstrap values greater than 70% are usually considered strong evidence that a particular node or branch exists in the phylogenetic tree.

Bootstrap analysis is an important tool for understanding the reliability of phylogenetic trees and the evolutionary relationships among organisms.

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The product of two positive consecutive integers is 2 less than
twice their sum. Find the integers.

Answers

The two positive consecutive integers as required to be determined are; 3 and 4.

What are the integers which are as described?

It follows from the task content that;

Let the positive consecutive Integers be; x and (x + 1).

Therefore, we have that;

x (x + 1) = 2 (x + x + 1) - 2

x² + x = 4x + 2 - 2

x² - 3x = 0

x = 0 or x = 3.

Since the integers are positive, Therefore, the integers in discuss are 3 and 4.

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Since the beginning of school, Steven has been saving money to buy a new phone. His bank balance is represented by the graph below.
a. According to the graph, about how much money had Steven saved after 2 weeks of school?
b. About how much money did Steven probably have after 4 weeks of school? How can you tell?

c. If he keeps saving at the same rate, how much will he have saved by Week 7? Explain how you know.

Answers

a. According to the graph, Steven had saved about $100 after 2 weeks of school.

b. According to the graph, Steven probably had about $200 after 4 weeks of school because the graph shows that he saves an average of $50 per week, so after 4 weeks, he would have saved $50 x 4 = $200.

c. If Steven keeps saving at the same rate, he will have saved $350 by Week 7. This is because he saves $50 per week, so after 7 weeks, he will have saved $50 x 7 = $350.

Which of the series in exercises 17–56 converge, and which diverge? use any method, and give reasons for your answers

Answers

The given series diverges to negative infinity as the terms cancel out, leaving only two terms at the beginning and end of the series.

To determine the convergence of the given series, we can use the telescoping series method.

Let's write out a few terms of the series to see if we can spot a pattern:

n=1: 1/2 - 3/4 = -1/4

n=2: 2/3 - 4/5 = -2/15

n=3: 3/4 - 5/6 = -1/8

n=4: 4/5 - 6/7 = -2/35

...

We can see that the terms of the series cancel out, leaving only two terms at the beginning and end of the series. Therefore, we can write the series as:

∑ (n/n+1 - n+2/n+3) = 1/2 - (n+2)/(n+3)

As n approaches infinity, the second term approaches 1, so the series diverges to negative infinity.

Therefore, the given series diverges.

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_____The given question is incomplete, the complete question is given below:

Which of the series in exercises 17–56 converge, and which diverge? use any method, and give reasons for your answers

(∑ ∞ to n = 1) = (n/n+1 - n+2/n+3)

Select the correct answer.
A graph with a y-axis and an x-axis in positive and negative planes. Two lines L I and I J are formed by connecting points (Negative 4,3), (5,3), and (5, Negative 3).

I(5, 3), J(5, -3), and L(-4, 3) are three vertices of rectangle IJKL. What are the coordinates of the fourth vertex, K, of rectangle IJKL?

A.
(-4, -3)
B.
(5, 3)
C.
(5, -3)
D.
(-4, 3)

Answers

The cοοrdinates οf the fοurth vertex K must be the reflectiοn οf the pοint L(-4,3) acrοss the οrigin, which is (4,-3).

Thus, οptiοn D is cοrrect.

What is the cοοrdinate geοmetry?

Cοοrdinate geοmetry is a branch οf mathematics that deals with the study οf geοmetry using the principles οf algebra.

The rectangle IJKL is fοrmed by cοnnecting the pοints I, J, K, and L in a clοckwise οr cοunterclοckwise manner. Since I and J have the same x-cοοrdinate and are οn οppοsite sides οf the x-axis, and L and K have the same y-cοοrdinate and are οn οppοsite sides οf the y-axis, it fοllοws that the diagοnals οf the rectangle IJKL intersect at the οrigin (0,0).

Therefοre, the cοοrdinates οf the fοurth vertex K must be the reflectiοn οf the pοint L(-4,3) acrοss the οrigin, which is (4,-3).

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What is the percent of decrease from 98.7 to 0?

Answers

Answer:

100% because it goes to zero which means 100% is decreased

Cydni is working with some algebra tiles at her desk. She makes groups that look like this:

A:
x + 1 + 1 + 1 + x + 1 + 1 + 1 + x + 1 + 1 + 1

B:
3x + 9

C:
3(x + 9)

D:
3(x + 3)

E:
x + 2x + 3(x + 2)

F:
x3 + 13

(Please answer quickly!!)

Answers

Answer:

B. 3x+9

hope this helped

please help me

ill give brainlyist

Answers

The constant of proportionality is calculated as:

Option D: 8.5

How to find the constant of proportionality?

The constant of proportionality is defined as the constant value of the ratio between two proportional quantities.

Now, we are given a table of values and as such, we can find the constant of proportionality from the formula:

k = y/x

From the table, we have:

k = 25.50/3

k = 8.5

k = 42.5/5

k = 8.5

k = 59.50/7

k = 8.5

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At 4 p.m. Jack, who is 6 feet tall, casts a shadow 4 feet long. At the same time, a nearby tree casts a shadow 12 feet long.
What is the height (x) of the tree?

Answers

Therefore [tex]x/6=12/4[/tex].[tex]5x=16ft[/tex]The height of the tree will be 16ft.the correct answer is (c).

What is trigonometry?

The study of the correlation between a right-angled triangle's sides and angles is the focus of one of the most significant areas of mathematics in history: trigonometry. Hipparchus, a Greek scholar, introduced this idea. In this article, we will study the fundamentals of trigonometry, including its formulas, tables, ratios, functions, and many solved examples. What are similar triangles If the respective sides of two triangles are proportional and the corresponding angles are congruent, then the triangles are said to be similar. To put it another way, similar triangles have the same shape but may differ in height. In addition, if the matching sides of the triangles are equal in length, the triangles are congruent. In the given figures, these are two similar triangles as the form the same angle with the ground The height of the tree will be 16ft using the property of similar triangles.

by the question.

Let's first find the ratio of Jack's height to his shadow length:

Jack's height / Jack's shadow length = 6 / 4

Simplifying this ratio, we get:

[tex]Jack's height / 4 = 3 / 2[/tex]

Multiplying both sides by 4, we get:

[tex]Jack's height = 6[/tex]

Now, let's find the ratio of the tree's height to its shadow length:

Tree's height / Tree's shadow length = x / 12

Since the two triangles are similar, we know that these ratios are equal. So, we can write:

Jack's height / Jack's shadow length = Tree's height / Tree's shadow length

Substituting the known values, we get:

[tex]6/4=x/12[/tex]

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4) Tom has ran 10 miles of a 75 mile running challenge. If he runs 4 miles each day until he finishes the challenge, write an equation that can be used to find the number of days, d, it will take Tom to finish running the challenge miles.​

Answers

Step-by-step explanation:

Let's use d to represent the number of days it will take Tom to finish the challenge miles.

Since Tom is currently 10 miles into the challenge and plans to run 4 miles each day until he finishes, the total number of miles he will run is 75 - 10 = 65 miles.

If he runs 4 miles each day, we can use the equation:

total distance = distance per day * number of days

to find the number of days it will take Tom to run 65 miles. Plugging in the known values, we get:

65 = 4d

Simplifying this equation, we can solve for d:

d = 65/4

So, it will take Tom d = 16.25 days to finish the running challenge if he runs 4 miles each day. However, since he cannot run a fraction of a day, we can round up the answer to the nearest whole number of days. Therefore, it will take Tom 17 days to finish the challenge.

The equation that can be used to find the number of days, d, it will take Tom to finish running the challenge miles is:

d = ceil(65/4)

where ceil is the ceiling function, which rounds up the result to the nearest whole number.

Answer:

16 days + 1 mile

Step-by-step explanation:

What is the slope of the line parallel to the function: * y = 50 -0.5x 50 0.5 -0.5 02​

Answers

The slope of the line parallel to the function: y = 50 - 0.5x include the following: C. -0.5.

What are parallel lines?

In Mathematics and Geometry, parallel lines simply refers to two (2) lines that are always the same or equal distance apart and never meet.

Generally speaking, two (2) lines are considered as parallel under the following standard conditions:

Slope, m₁ = Slope, m₂.

From the function, we have:

y = 50 - 0.5x

Slope, m = -0.5

In this context, we can reasonably infer and logically deduce that the slope of the two lines would be equal and the same:

Slope of line 1 = Slope of line 2

-0.5 = -0.5

In conclusion, we can logically deduce that the slope of the given line is equal to -0.5.

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1. How long does pia's journey take?
2. How much longer does Sam spend driving then Pia?

Answers

a) Pea's journey takes 2.25 hours.

b) Sam spends 0.25 hours longer driving than Pea.

a. To find Pea's journey time, we use the formula:

time = distance / speed

Substituting the values given, we get:

time = 180 km / 80 km/h

time = 2.25 hours

b. To find how much longer Sam spends driving than Pea, we can subtract the journey times.

time taken by Sam = distance / speed = 200 km / 80 km/h = 2.5 hours

Time difference = Sam's journey time - Pea's journey time = 2.5 hours - 2.25 hours = 0.25 hours

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Which of these investments would be considered high-risk?
Stocks
Pension Plans
Certificate of Deposit
Annuities

Answers

Answer: Stocks

Step-by-step explanation: People mainly live on wim's so stocks at times can be unpredictable.

Consider the expression 2(3n + 6z)

Enter an expression that shows the sum of exactly two terms that is equivalent to 2(3n+6z)

Answers

Answer:

6n+12z

Step-by-step explanation:

then we got this bc we do like terms so 6n from 2 x3n then 12z bc 2x6

3.1.1) Determine the Accumulated amount for the investment at CAPITEC.
3.1.2) Determine the Accumulated amount for the investment at FNB.
3.1.3) Use the information you worked out to help Lebo decide which bank will give her the better investment. Explain your answer.​

Answers

1. The accumulated amount for the investment at CAPITEC is R36,750.

2. The accumulated amount for the investment at FNB is R33,480.

3. Lebo will earn more interest if she invests her money at Capitec than at FNB.

What is the Accumulated amount for the investment at CAPITEC?

The accumulated amount for the investment at Capitec with a principal amount of R30,000 invested at a simple interest rate of 7.5% for 3 years can be calculated as follows:

[tex]= Principal + (Principal * Rate * Time)\\= R30,000 + (R30,000 * 0.075 * 3)\\= R30,000 + R6,750\\= R36,750[/tex]

What is the Accumulated amount for the investment at FNB?

The accumulated amount for the investment at FNB with a principal amount of R30,000 invested at a compound interest rate of 3.5% per annum for 3 years can be calculated using the compound interest formula:

[tex]= Principal * (1 + Rate)^Time\\= R30,000 * (1 + 0.035)^3\\= R30,000 * 1.116\\= R33,480[/tex]

Now, based on the calculations, the investment at Capitec will yield R36,750 after 3 years while the investment at FNB will yield R33,480 after 3 years. Therefore, Lebo will earn more interest if she invests her money at Capitec than at FNB.

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