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AVprozaik [17]
3 years ago
7

If Oliver withdraws $285.10 from his savings account to make the purchase, how much would he have earned in interest on that amo

unt over five months? Round your answer to the nearest cent.
Mathematics
1 answer:
never [62]3 years ago
3 0
Oliver withdraws an amount of $285.10 from his saving account

His saving account earns 1.8% annually

The interest Oliver could have earned in five months:

Monthly interest = Annual interest ÷ 12
Monthly interest = 1.8% ÷ 12
Monthly interest = 0.018 ÷ 12 = 3/2000

After five months = Principle × (1 + interest)ⁿ
After five months = 285.10 × (1 + 0.018)⁵
After five months = 311.70

Interest earned = 311.70 - 285.10 = $26.60
You might be interested in
A movie theater has a seating capacity of 329. The theater charges $5.00 for children, $7.00 for students, and $12.00 of adults.
kipiarov [429]

Answer:

170 children

74 students

85 adults

Step-by-step explanation:

Given

Let:

C = Children; S = Students; A = Adults

For the capacity, we have:

C + S + A = 329

For the tickets sold, we have:

5C + 7S + 12A = 2388

Half as many as adults are children implies that:

A = \frac{C}{2}

Required

Solve for A, C and S

The equations to solve are:

C + S + A = 329 -- (1)

5C + 7S + 12A = 2388 -- (2)

A = \frac{C}{2} -- (3)

Make C the subject in (3)

C = 2A

Substitute C = 2A in (1) and (2)

C + S + A = 329 -- (1)

2A + S + A = 329

3A + S = 329

Make S the subject

S = 329 - 3A

5C + 7S + 12A = 2388 -- (2)

5*2A + 7S + 12A = 2388

10A + 7S + 12A = 2388

7S + 22A = 2388

Substitute S = 329 - 3A

7(329 - 3A) + 22A = 2388

2303 - 21A + 22A = 2388

2303 +A = 2388

Solve for A

A = 2388 - 2303

A = 85

Recall that: C = 2A

C = 2 * 85

C = 170

Recall that: S = 329 - 3A

S = 329 - 3 * 85

S = 329 - 255

S = 74

Hence, the result is:

C = 170

S = 74

A = 85

8 0
3 years ago
a 96 ounce container of orange juice costs $4.80. at what price should a 128 ounce container be sold in order for the unit rate
Hunter-Best [27]
4.8 / 96 = x / 120
96x = 576
x = 576/96
x = 6

check :
unit rate for 96 oz container at 4.80 = 4.80/96 = 0.05 per oz
unit rate for 120 oz container at 6.00 = 6.00/120 = 0.05 per oz

Basically ur looking for an equivalent fraction (and that is what proportions are...this will reduce to the same unit rate. So ur answer is $ 6.00

5 0
3 years ago
Val rented a bicycle while she was on vacation she paid a flat rental fee of $55.00 plus $8.50 each day the total cost was $123
artcher [175]

Answer:

55+8.5x=123

Step-by-step explanation:

The 55 represents the flat fee, the 8.5 represents the daily charge, x represents the number of days she rented it for, and 123 is the total amount

3 0
3 years ago
Read 2 more answers
Someone answer this question I know your reading this.
IgorC [24]

Answer: A.

Step-by-step explanation:

To answer this, you must first understand what fractional exponents mean.

An exponent of 1 is simply the base itself. 7^1 = 7.

An exponent of 2 is squaring the base: 7^2 = 49.

An exponent of 1/2 is taking the square root of the base: 7^(1/2) = sq root of 7

Therefore, an exponent of 1/3 is taking the cube root of the base.

In this case, the base is 2.03 * t.

Therefore, this can be represented as the cube root of the product of 2.03 and the age of the mammal, so the answer is A.

3 0
3 years ago
Find the value of x in the given
iren2701 [21]

Answer:

You divide 62/12=5.166

5 0
3 years ago
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