To calculate simple interest, you first need to multiply the original amount by the percentage of the money which is going to be added.
In this situation, 500 x 0.05 is the interest which will be added each year.
Therefore, $25 will be added each year. Since it is over 4 years, it is (25*4).
So the account will have earned $100 of simple interest.
Although the account will contain $600, it will have EARNED $100 of interest since it started with $500 already.
Answer - A $100 of simple interest will be earned.
A) x=4
B) x= -3
C) x= -1/6
D) x=24
Answer:
x can be any number lower than -29, for example 30, which will turn into -30 because of the negative symbol before x.
Answer:
628
Step-by-step explanation:
Deposit means money is going into the bank so add 129 onto 499
(b) writing a cheque means money is coming out of the bank so subtract 24 from your previous answer.
628 - 24 = 604
(c) again, this money is coming out so take 151 away from 604
(d) round 604 to the nearest hundred
(it's between 600 and 610 but which is it closest to?)
