Answer: $4,365.10
Step-by-step explanation:
Ok, we know that:
The account starts with $2350
There is a simple interest of 3.75% (or 0.035).
Then after one year, the amount in the account will increase by 3.75%, this means that the amount will be:
$2350 + 0.035*$2350 = (1.035)*$2350.
After another year, we have the same increase (but applied to the new amount in the account):
(1.035)*$2350 + 0.035*(1.035)*$2350. = (1.035)^2*$2350
And so on.
You already can see the pattern here, the amount of money in the saving account after N years will be:
M(N) = $2350*(1.035)^N.
Now we can answer:
what is the balance of the account if it earns a simple interest of 3.75% for 18 years?
Just replace N by 18 in that equation:
M(18) = $2350*(1.035)^18 = $4,365.10
Answer:
5.50/40
Step-by-step explanation:
5.50 divided by $44
this 5.50/40 is ths same as this
5.50 divided by $44
So
5.50/40 is your answer
Answer:
Step-by-step explanation:
take (1,3) and (9,7)
slope=(7-3)/(9-1)=4/8=1/2
Answer:
18=6b, b=3
Because Mary has 6 times as much as Carlos does, we put the x with 6. 18 is the number that 6x equals. 6*3=18
The answer would be 24 pints
