I = $ 1,200,000.00
Equation:
I = Prt
Calculation:
First, converting R percent to r a decimal
r = R/100 = 3%/100 = 0.03 per year,
then, solving our equation
I = 1000000 × 0.03 × 40 = 1200000
I = $ 1,200,000.00
The simple interest accumulated
on a principal of $ 1,000,000.00
at a rate of 3% per year
for 40 years is $ 1,200,000.00.
Answer:
What are the choices?
Step-by-step explanation:
Angelica is 23
Steps
Use the equation x=2j-5
Plug in jahiems age (14) for j and solve for c
-12=4(x-7)-8x
One solution was found :
x = -4
Rearrange:
Rearrange the equation by subtracting what is to the right of the equal sign from both sides of the equation :
-12-(4*(x-7)-8*x)=0
Step by step solution :
Step 1 :
Equation at the end of step 1 :
-12 - (4 • (x - 7) - 8x) = 0
Step 2 :
Step 3 :
Pulling out like terms :
3.1 Pull out like factors :
4x + 16 = 4 • (x + 4)
Equation at the end of step 3 :
4 • (x + 4) = 0
Step 4 :
Equations which are never true :
4.1 Solve : 4 = 0
Hope this helps you, Have a nice day.
