Asumming simple interest rate.
![\bf ~~~~~~ \textit{Simple Interest Earned Amount}\\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to& 5000\\ r=rate\to 7\%\to \frac{7}{100}\to &0.07\\ t=years\to &5 \end{cases} \\\\\\ A=5000[1+(0.07)(5)]\implies A=5000(1.35)](https://tex.z-dn.net/?f=%5Cbf%20~~~~~~%20%5Ctextit%7BSimple%20Interest%20Earned%20Amount%7D%5C%5C%5C%5C%0AA%3DP%281%2Brt%29%5Cqquad%20%0A%5Cbegin%7Bcases%7D%0AA%3D%5Ctextit%7Baccumulated%20amount%7D%5C%5C%0AP%3D%5Ctextit%7Boriginal%20amount%20deposited%7D%5Cto%26%205000%5C%5C%0Ar%3Drate%5Cto%207%5C%25%5Cto%20%5Cfrac%7B7%7D%7B100%7D%5Cto%20%260.07%5C%5C%0At%3Dyears%5Cto%20%265%0A%5Cend%7Bcases%7D%0A%5C%5C%5C%5C%5C%5C%0AA%3D5000%5B1%2B%280.07%29%285%29%5D%5Cimplies%20A%3D5000%281.35%29)
if it is correct answer then please follow me
Answer:
After 20 years the investment will be worth 11,000$
Step-by-step explanation:
in order to solve the problem you have to turn the percent into a decimal by moving the percent sign twice to the left. which will result in ".11"
then you multiply 5,000x.11 and it equals to 550 per year.
multiply 550x20 and you get 11,000
if I'm not correct please tell me the right answer! goodluck!
Answer:
P(t)= 100t + 150
Step-by-step explanation:
If the price for 6 hours of studio time is 600 dollars, that means every hour the studio is used it costs 100 dollars. Since the fixed fee is 150 dollars, that is added to the cost of how many hours the studio is used.
I hope this helped you. If it did Brainilest is appreciated.
