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valkas [14]
3 years ago
15

If $475 is put in the bank and each year the account earns 5% simple interest, then how much interest will be earned in ten year

s
Mathematics
1 answer:
sergiy2304 [10]3 years ago
7 0
Hi there! The formula for simple interest is prt. That means multiply the principal (initial amount) by the rate (simple interest rate) by the time (could be in months or years). In this case, we multiply 475 * 5% (0.05) to get 23.75. That's $23.75 in interest each year, but we're looking for the amount earned in 10 years. To do this, multiply 23.75 by 10. When you do, you get 237.5. There. $237.50 in interest will be earned in 10 years.
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These have a term for it because when you multiply them something special happens.  The middle terms cancel so you only have to really multiply the first terms and the last terms.

Let's see:

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I'm going to use foil:

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a^2-b^2

See -ab+ab canceled so all you had to do was the "first" and "last" of foil.

This would get rid of square roots if a and b had them because they are being squared.

Anyways the conjugate of \sqrt{17}-\sqrt{2} is

\sqrt{17}+\sqrt{2}.

This is the thing we are multiplying and top and bottom.

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