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Serggg [28]
3 years ago
8

Samantha deposited $300 in a savings account. The account earns 3.5% interest compounded annually. She makes no more deposits an

d withdraws no money from the account. How much interest will Samantha’s account have earned after 2 years?
Mathematics
2 answers:
Triss [41]3 years ago
6 0

Answer:

She will have earned $321.37 after 2 years.

Step-by-step explanation:

Principal: $300

Interest Rate: 3.5%

Time: 2 years

Compounded Annually means that the principal will earn a certain amount this year and a greater amount next year, since it takes the new balance and add the interest rate to it.

Year 1: 3.5% of 300= 10.5

300 + 10.5 = 310.5

Year 1 balance: $310.5

Year 2: 3.5% of 310.5=10.87

310.5 + 10.87= 321.37

Year 2 balance: $321.31

kifflom [539]3 years ago
4 0

Answer:

200

Step-by-step explanation:

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Answer:

Step-by-step explanation:

Given the simultaneous equation 2p - 3q = 4 and 3p + 2q = 9, to get the value of p and q we will use elimination method.

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<em></em>

<em>b) </em>If if 223ₓ = 87 find x

Using the number base system and converting 223ₓ  to base 2 will give us;

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​

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