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solmaris [256]
3 years ago
10

Edward deposited $6,000 into a savings account 4 years ago. The simple interest rate is 3%. How much money did Edward earn in in

terest?
Mathematics
1 answer:
GaryK [48]3 years ago
6 0
Hello IdontKnowHowToMath,

first, converting R percent to r a decimal
r = R/100 = 3%/100 = 0.03 per year.

Solving our equation:
A = 6000(1 + (0.03 × 4)) = 6720
A = $6,720.00

The total amount accrued, principal plus interest, from simple interest on a principal of $6,000.00 at a rate of 3% per year for 4 years is $6,720.00.
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A population of 1,500 insects grows exponentially by a factor of 3 every week. Select all equations that represent or approximat
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Answer:

FV(p)= PV*(1 + g)^t

Step-by-step explanation:

Giving the following information:

Number of insects (PV)= 1,500

Increase rate= 3 weekly

<u>First, we need to calculate the daily growth rate:</u>

Daily rate (g)= [3^(1/7)] - 1

Daily rate (g)= 0.16993

<u>Now, by using the following formula, we can determine the population p in any given day t:</u>

FV(p)= PV*(1 + g)^t

<u>For, example after 7 days:</u>

FV(p)= 1,500*(1.16993^7)

FV(p)= 4,500

<u>For example, after 10 days:</u>

FV(p)= 1,500*(1.16993^10)

FV(p)= 7,206

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drek231 [11]

Answer:

y=3x+1, or the second option

Step-by-step explanation:

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