you put $1200 in an account that earns 3% simple interest. Find the total amount in the account after four years.

1 answer:

7 0

First, before we do anything, let's find how much interest the account has earned over the four years.
Multiply 0.003 by 4 to get 0.12
This means the account earned 12% of interest over the four years.
Now, we need to find how much the account has earned.
Multiply 1200 by 0.12 to find how much interest it currently.
You get $144.
Now we add 144 to 1200.
We get $1344.
The total amount the account has earned after four years is $1344.
Hope this helped you! :)

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Multiply it by 100 to convert it into a percent.

0.85 x 100 = 85.

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Dominik [7]

Answer:

see below. The solution is the doubly-shaded area.

Step-by-step explanation:

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Of course, the boundary lines are graphed in the usual way. Each crosses the y-axis at the value of the constant in its equation. Each has a slope (rise/run) that is the value of the x-coefficient in the equation.