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3 years ago

Compute the amount of interest earned in the following simple interest problem. A deposit of $800 at 3.5% for 7 years = _____.

Mathematics

2 answers:

Anni [7]3 years ago

8 0

Answer:

$196.00

Step-by-step explanation:

Mekhanik [1.2K]3 years ago

7 0

800*.035 = 28 This is interest per year.
28 * 7 = $196 Total interest earned for seven years
Total money in account is $996

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3 years ago

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Step-by-step explanation:

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Figure :-

$\setlength{\unitlength}{1 cm}\begin{picture}(20,12) \put(4,0.2){\line(0,-1){0.4}}\put(1,0){\line(1,0){6}} \put(3.8,-0.6){$\bf M(-4,-1) $} \put(1,-0.6){$\bf A (-7,4)$} \put(6.8,-0.6){$\bf N(x,y)$} \end{picture}$

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Now , according to Midpoint Formula , the midpoint of points say A(x , y) and B (x' , y') is given by ,

$\boxed{\blue{ \bf Midpoint =\bigg( \dfrac{x+x'}{2} , \dfrac{y+y'}{2} \bigg) }}$

On using this formula ,

$=> Midpoint = \bigg( \dfrac{x+x'}{2} , \dfrac{y+y'}{2} \bigg) \\ \\ => (-4, 1) = \bigg( \dfrac{x -7 }{2} , \dfrac{y + 4 }{2}\bigg) \\ \\ => -4 = \dfrac{x-7}{2} \\\\ => x - 7 = -8 \\\\ => x = 7 -8 \\\\ \boxed{\red{\sf=> x = -1 }} \\\\ => \dfrac{y+4}{2}=-1 \\\\=> y +4 = -2 \\ \\ y = -4-2 \\\\\boxed{\red{\sf=> y = -6 }}$

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3 years ago

Read 2 more answers

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