Answer:
y = 2x + 3
Step-by-step explanation:
3 is the constant
2 is the rate at which recieves
So, y = 2x + 3
Answer:
15%
Step-by-step explanation:
Answer:
#a. $80
#b. $1680
Step-by-step explanation:
We are given;
- Amount invested (principal) is $1600
- Rate of interest is 5%
- Time = 1 year
We are required to determine the amount of simple interest earned and the amount or balance in the account after 1 year.
#a. Interest earned
To calculate simple interest we use the formula;
I = (PRT) ÷ 100
Where, P is the principal, R is the rate, T is the time and I is the simple interest.
Therefore;
I = (1600 × 5 × 1) ÷ 100
= $80
Therefore, simple interest earned is $80
#b. Balance of the account (Amount accrued)
We are going to use the formula;
A = P + I , where A is the amount accrued, P is the principal and I is the simple interest earned.
Therefore;
Account balance = $1600 + $80
= $1680
Thus, the account balance after 1 year will be $1680
Fibonacci is famous for his contributions to number theory.
In his book, Liber abaci he introduce the Hindu-Arabic place-valued decimal systems and the use of Arabic Numerals into Europe.He introduced the bar we use in fractions, previous to this, the numerator has quotations around it. The square root notation is also is Fibonacci method.
