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kodGreya [7K]
2 years ago
9

joe received $375 for his graduation He put $205 into his savings account About what Percent of his graduation money did joe put

into savings
Mathematics
1 answer:
Eva8 [605]2 years ago
5 0
54%. Next time you should search "what percent is 205 of 375"
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after 3 years?

\bf ~~~~~~ \textit{Compound Interest Earned Amount}&#10;\\\\&#10;A=P\left(1+\frac{r}{n}\right)^{nt}&#10;\quad &#10;\begin{cases}&#10;A=\textit{accumulated amount}\\&#10;P=\textit{original amount deposited}\to &\$1000\\&#10;r=rate\to 3\%\to \frac{3}{100}\to &0.03\\&#10;n=&#10;\begin{array}{llll}&#10;\textit{times it compounds per year}\\&#10;\textit{annually, thus once}&#10;\end{array}\to &1\\&#10;t=years\to &3&#10;\end{cases}&#10;\\\\\\&#10;A=1000\left(1+\frac{0.03}{1}\right)^{1\cdot 3}\implies A=1000(1.03)^3

is that enough to pay the $1100?


now, let's write 1000(1+r)² in standard form

1000( 1² + 2r + r²)

1000(1 + 2r + r²)

1000 + 2000r + 1000r²

1000r² + 2000r + 1000   <---- standard form.
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