It would be $7.20 cause u take 60 cents off of each dollar
It will take 19 years and 6 months for the account value to reach 2900 dollars
Step-by-step explanation:
Given
Principal amount = 1400 dollars
Rate = 5.5 %
Final value = A = 2900
We have to find t
So,
The formula for simple interest is:

Putting values

Dividing both sides by 0.055

Rounding off to nearest tenth
19.5 years
Hence,
It will take 19 years and 6 months for the account value to reach 2900 dollars
Keywords: Interest, simple interest
Learn more about interest at:
#LearnwithBrainly
Answer:
y = 4.5 x
Step-by-step explanation:
Answer:
x = (y - b)/m
Step-by-step explanation:
Isolate the variable, x. Note the equal sign, what you do to one side, you do to the other. Do the opposite of PEMDAS.
First subtract b from both sides:
y = mx + b
y (-b) = mx + b (-b)
y - b = mx
Next, divide m from both sides:
(y - b)/m = (mx)/m
x = (y - b)/m
x = (y - b)/m is your answer.
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