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drek231 [11]
3 years ago
10

Chris put $1,500 in a savings account at an annual interest rate of 5%. If Chris does not deposit or withdraw any money, what is

the amount of interest Chris will earn the first year her money is in the savings account?
Mathematics
1 answer:
Anon25 [30]3 years ago
7 0

\bf ~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\dotfill & \$1500\\ r=rate\to 5\%\to \frac{5}{100}\dotfill &0.05\\ t=years\dotfill &1 \end{cases} \\\\\\ I=(1500)(0.05)(1)\implies I=75

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Darina [25.2K]

Hey there! I'm happy to help!

Step 2 is incorrect. She added 4 and 2 first, but you are supposed to multiply and divide first. Then she multiplied 6 and 6, which is 36. Then she divided 36 and 2, which is 18, and then she subtracted 7, giving her 11. Step 2 is what threw the whole thing off.

Here is what Sandy should have done.

STEP 1: 6·4+2÷2-7

STEP 2: 24+1-7

STEP 3: 25-7

STEP 4: 18

I hope that this helps! Have a wonderful day! :D

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3 years ago
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WARRIOR [948]

Answer:

x = 4

Step-by-step explanation:

2x-3+4x=21

Isolate the variable by dividing each side by the factors that don't contain the variable

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3 years ago
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Answer:

Step-by-step explanation:

N(106,14²)

(calculated using excel, let me know if you were supposed to use a normal table) = 0.4715

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2 years ago
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Answer:

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Step-by-step explanation:

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When Javier writes 40 on both accounts they cost him the same amount of money so it should be 41.

Javier needs to write 41 checks for the second bank to beat better

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