Steve will earn $160 interest after four years ⇒ 1st answer
Step-by-step explanation:
The formula of the simple interest is I = Prt, where
- P is the initial deposit
- r is the annual rate in decimal
- t is the time of investment
∵ Steve opens a bank account with a simple annual interest rate of 5%
∴ r = 5% = 5 ÷ 100 = 0.05
∵ His initial deposit is $800
∵ He will put the money for four years
∴ t = 4
- Substitute all these values in the formula above
∵ I = 800(0.05)(4)
∴ I = 160
Steve will earn $160 interest after four years
Learn more:
You can learn more about the interest in brainly.com/question/13018049
#LearnwithBrainly
Answer:
S = v1 t1 = 7 t1 traveling downstream
S = v2 t2 = 5 t2 traveling upstream
7 t1 = 5 t2
7 (6 - t2) = 5 t2 since t1 + t2 = 6
42 - 7 t2 = 5 t2
t2 = 42 / 12 = 3.5 hrs so t1 = 2.5 hrs
S = 7 t1 = 7 * 2.5 = 17.5 mi
Also, S = 5 t2 = 5 * 3.5 = 17.5 mi
Answer:
$1500
6% interest
use the formula...
P(1+(r/100))^n
where P=initial amount
r=interest rate
t=time period elapsed
so ... for 5 years we get
$1500(1+(6/100))^5 = $1500(1.06)^5 = 2007.3383664
for 10 years
1500(1.06)^10 = 2686.271544814228043264
468 months = 39 years
1500(1.06)^39=14555.261231781943250017719606544
Answer: c
Step-by-step explanation:
