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Darya [45]
3 years ago
8

aaron deposited 591.07 in a savings account that earns 3.7% simple interest. what is aarons account balance after seven years

Mathematics
1 answer:
zaharov [31]3 years ago
7 0
The formula for this is A=P(1+rt), where A is the amount at the end of whatever time at whatever interest rate, P is the amount you initially deposited, r is the interest rate, and t is the time in years. Ours would look like this:
A = 591.07(1+{.037}{7}) and A = 591.07(1.259) and A = $744.16
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Find the product.<br>31.24 x 3.9<br><br>SHOW WORK<br><br>help me​
Novosadov [1.4K]

Answer: 121.836

Step-by-step explanation: So the first thing you need to do is:

31.24        

x3.90           you need to put the zero there because the decimal points would need to match up.

_____

Once you do that just put the decimal down. Like this:

31.24        

x3.90

____           Once you do that just ignore the decimal and multiply.

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Once you have finished, the answer should be 121.836.

Hope I Helped!

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7 0
3 years ago
Consider a credit card with a balance of $7000 and an APR of 16.5 %. If you want to make monthly payments in order to pay off th
shtirl [24]

9514 1404 393

Answer:

  $7641.24

Step-by-step explanation:

The amortization formula tells the payment amount.

  A = P(r/n)/(1 -(1 +r/n)^(-nt))

where principal P is paid off in t years with n payments per year at interest rat r.

Using the given values, we find ...

  A = $7000(0.165/12)/(1 -(1 +0.165/12)^-12) = $7000×0.01375/(1 -1.01375^-12)

  A = $636.77

The total of 12 such payments is ...

  $636.77 × 12 = $7641.24

You will pay a total of about $7641.24.

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<em>Additional comment</em>

Since the payment amount is rounded down, the actual payoff will be slightly more. Usually, the lender will round interest and principal to the nearest cent on each monthly statement. The final payment will likely be a few cents more than the monthly payment shown here.

7 0
2 years ago
Find the percent of increase from 40 gallons to 89 gallons. Round to the nearest tenth of a percent if necessary.
fredd [130]

Solution

- 89 gallons contains 40 gallons twice such that:

89=40+40+9

- This means that we can find at least 200% of 40 gallons in 89 gallons. This gives us what to expect.

- To get the percentage we are looking for, we should use the formula:

\frac{\text{new}}{\text{old}}\times100\text{ \%}

New, in this case, is 89 gallons, Old is 40 gallons.

- Thus, we can calculate the percentage as follows:

\begin{gathered} \frac{89}{40}\times100 \\ =2.225\times100 \\ =222.5\text{ \%} \end{gathered}

Thus, the answer is 222.5%

8 0
9 months ago
When 12 is subtracted from 3 times a number,the result is 24. Find the number
trasher [3.6K]
I get:
24 = 3x-12
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36 = 3x

divide each side by 3 and you will get 12
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Step-by-step explanation:

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