Answer:
a) $520
b) $580
c) Interest amount is same each year
Step-by-step explanation:
Given - Georgie put $500 in her savings account, earning interest at a rate of 4% each year. She did not make any more deposits or withdrawals.
To find - a) How much money was in the account after one year?
b) How much money was in the account after 4 years?
c) Was the amount of money earned in interest the same or different each year?
Proof -
Here given that,
Principal amount = $500
rate of interest = 4% = 4/100 = 0.04
Now,
a)
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(1)]
= 500 [ 1 + 0.04] = 520
⇒Amount = $520
b)
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(4)]
= 500 [ 1 + 0.16] = 580
⇒Amount = $580
c)
In 2nd year,
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(2)]
= 500 [ 1 + 0.08] = 540
⇒Amount = $540
Now,
Interest in 1st year = 520 - 500 = 20
Interest in 2nd year = 540 - 520 = 20
So,
The interest amount is same each year
Answer:
A: positive B: Negative C: Positive
Step-by-step explanation:
Your answer would be D you would add up all the days together then just put the clear days together to get 17/30 that then reduces to .57
Answer:
6 = 413 is a not true statement
Step-by-step explanation:
I've attached my work below
Hope it helps, Let me know if you have any questions/concerns !
Have a nice rest of your day :)
The trick is to write appropriate equations and then solve the system of equations you've created.
"sum of two numbers is -5:" x + y = -5
"difference is -1:" x-y = -1
Add these two equations together. This will cause y to drop out, and you will be left with an equation in x alone:
2x = - 6, so x = -3. Subst. -3 for x in either equation, above, and find the corresponding y value.
Then write your solution as (-3, y ) (write in your value for y).
