It’s is 20,0000 but it think that’s wrong
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
Answer:
y=1/2x+1
Step-by-step explanation:
one dot on the 1 on the y axis
then more one unit up and two units to the left
and then from the first point (0,1) go one unit down
and two to the right. then make the line with the three points
Answer:\
3
Step-by-step explanation:
Answer:they are all straight across so drag each line to the one that is across from the equation
Step-by-step explanation:
