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Phantasy [73]
3 years ago
5

$250 is invested at a bank that pays 7% simple interest. calculate the amount of money in the account after 1 year, 3 years, 7 y

ears, and 20 years
Mathematics
1 answer:
ss7ja [257]3 years ago
8 0
The answer is 251.9 because if you took your high number and compared your lowest number you would use your number remaining and then subract by 2.
#Math #Dwstrapper
You might be interested in
Find the interest earned.
MakcuM [25]
September
30-10=20 days
October 31
November 10
Time=20+31+10=61 days
A=42,000×(1+0.035÷365)^(61)
A=42,246.38
Interest earned
I=42,246.38−42,000
I=246.38
5 0
3 years ago
A square based prism and a cylinder both have
Anna11 [10]

Answer:

Parameter of base = 70.88 inch (Approx.)

Step-by-step explanation:

Given:

Volume of cylinder = 3768 cubic inch

Height of Prism = 12 inch

Find;

Parameter of base

Computation:

Volume of cylinder = Volume of Prism

3768 = (L)(B)(H)

3768 = (L)(B)(12)

(L)(B) = 314

L = B

So.

L = 17.72 inch

B = 17.72 inch

Parameter of base = 2[l+b]

Parameter of base = 2[17.72 + 17.72]

Parameter of base = 70.88 inch (Approx.)

8 0
2 years ago
Matt Ali deposited $25,000 in a savings account. The account earns 5.5 percent interest compounded daily. Use the formula “ Amou
katen-ka-za [31]

Answer:

A) Amount = $ 116,601.31

B) Compound Interest = $ 91,601.31

Step-by-step explanation:

Compound interest Formula

A = P(1 + r/n)^nt

Where

P = Initial amount invested = $25,000

r = interest rate = 5.5 %

n = Compounding frequency = daily

t = time in years = 28 years

A). What amount will he have in his account 28 years later ?

First, convert R percent to r a decimal

r = R/100

r = 5.5%/100

r = 0.055 per year,

Then, solve our equation for A

A = P(1 + r/n)^nt

A = 25,000.00(1 + 0.000150685/365)^(365)(28)

A = $ 116,601.31

B.) How much will be compound interest ?

I = Amount - Principal

A(Amount ) = $ 116,601.31

P (principal) = $ 25,000.00

I = $ 116,601.31 - $ 25,000.00

I (interest) = $ 91,601.31

6 0
3 years ago
/ why we use this symbol
user100 [1]

The slash is an oblique slanting line punctuation mark /. Once used to mark periods and commas, the slash is now most often used to represent exclusive or inclusive or, division and fractions, and as a date separator.

5 0
3 years ago
I need help what is 1+1=
irina [24]

Answer:

2

Step-by-step explanation:

i hope it will help u hmm

4 0
3 years ago
Read 2 more answers
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