Answer:
copied from InesWalston expert
Money in the bank account after 3 years will be $329.18
Step-by-step explanation:
Jackie deposited $315 into a bank account that earned 1.5% simple interest each year for 3 year, while no money was deposited into or withdrawn from the account.
We know that,
i = p.r.t / 100
Where,
i = interest
P = Principal = $315
r = Rate of interest = 1.5% annual
t = time period = 3 years
Putting the values,
i = 315 × 1.5 × 3 / 100 = $14.18
Total money in bank account = Principal + interest = 315 + 14.18 = $329.18
<span>the answer will have to be the second choice cause it seems more correct</span>
We are given with
arc AC = 130
The measure of the arc on the other side of the circle is
360 - 130 = 230
Therefore, according to the theorem on circles, the measure of angle ABC is
(1/2) ( 230 - 130) = 50
Answer: the account earns interest of $40.16
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 875.83
r = 9% = 9/100 = 0.09
n = 12 because it was compounded 12 times in a year.
t = 6 months = 6/12 = 0.5 year
Therefore,.
A = 875.83(1+0.09/12)^0.5 × 12
A = 875.83(1+0.0075)^6
A = 875.83(1.0075)^6
A = 915.99
The interest that she earns is
915.99 - 875.83 = $40.16