Alvarez has $650 deposited into his bank account. The account earns simple interest of 5. 5% per year. No other money is added o
r withdrawn from the account for a period of four years. What is the total amount of money in the account after four years?
1 answer:
Answer:
$793
Step-by-step explanation:
The amount of money in an account earning simple interest is given by the formula ...
A = P(1 +rt)
where P is the principal invested at rate r for t years.
__
Using the values given in the problem statement, the account balance can be found to be ...
A = $650(1 +0.055×4) = $650×1.22 = $793
There will be $793 in the account after 4 years.
You might be interested in
Is there a picture of the problem you can add to this?
what are the answers in the menu?
Answer:
C
Step-by-step explanation:
From the graph, you see that the point D
is ( x=4, y=-1.5 )
For X, you add three which gives you
6+3=9
And for Y, you subtract 2:
-3-2=-5
Your coordinates are (9,-5)
Answer:
2(5) + 3 = 13
Step-by-step explanation:
x=5
y=3
2x+y=13
2(5)+3=13
10 +3 =13
