Steve will earn $160 interest after four years ⇒ 1st answer
Step-by-step explanation:
The formula of the simple interest is I = Prt, where
- P is the initial deposit
- r is the annual rate in decimal
- t is the time of investment
∵ Steve opens a bank account with a simple annual interest rate of 5%
∴ r = 5% = 5 ÷ 100 = 0.05
∵ His initial deposit is $800
∵ He will put the money for four years
∴ t = 4
- Substitute all these values in the formula above
∵ I = 800(0.05)(4)
∴ I = 160
Steve will earn $160 interest after four years
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Answer:
Step-by-step explanation:
Atachment in 1 minute.
Y=0.40x because the sale which is 40% off would be on x amount of shirts
The answer is 35%. You just take 550.00/1580.00=0.34810127 then you turn that into percent (round up the 4 to a 5 since the next number is 8). And you get 35%
Answer:
$1.45
Step-by-step explanation:
9.25 - 2 = 7.25
7.25 ÷ 5 = 1.45