Can y’all help me on This num 20
1 answer:
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Answer:
Step-by-step explanation:
The formula for the total accrued amount is
A = P(1 + rt)
Data:
P = $500
r = 6.5 % = 0.065
t = 30 mo
Calculations:
(a) Convert months to years
t = 30 mo × (1 yr/12 mo) = 2.5 yr
(b) Calculate the accrued amount
A = 500(1 + 0.065 × 2.5)
= 500(1 + 0.1625)
= 500 × 1.1625
= 581.25
(c) Calculate the accumulated interest
3,000 is 10 times as much as
3000 = 10 times of what number
We need to find 10 times what number gives us 3000
Let the unknown number be x
3000 = 10 times x
3000 = 10x
To solve for x, we divide by 10 on both sides
300 = x
So, the unknown number is 300
3000 = 10 times 300
3000 is 10 times as much as 300