Answer:
P = $6923
Step-by-step explanation:
The simple interest formula is given by
1) I = principal *interest rate * time period
where I is the interest
The amount due after the time period is given by:
2) T = principal + I
After three months, you have $9.000, so T = 9000. The present value P is the principal. We have that:
9000 = P + I
I = 9000 - P
In our problem, we have that the time period is 3 months and out interest rate is 10%.
Replacing in 1)
9000 - P = P*0,1*3
9000 = 0.3P + P
1.3P = 9000
P = $6923
So the present value P is $6923
Answer: A) 35
Step-by-step explanation:
We have the following:
Now, 
is made up of two factors, 
and 
:
So, we have to choose a number for x containing a factor of and or . In this case, the best option is 
:
Hence:
Finally:
Answer:
$600 interest will be paid in the first 5 years
Step-by-step explanation:
Simple interest is calculated only on the principal or initial amount deposited. Jim deposits 6000 into an account that pays simple interest at a rate of 2% per year. The formula for simple interest is expressed as
I = PRT/100
Where
I represents interest after the given time.
R represents the interest loan on the principal.
T represent number of time in years.
P represents principal or initial amount deposited.
From the information given,
R = 2
P = 6000
T = 5
I = (6000 × 2 × 5)/100 = $600
Answer:
3
Step-by-step explanation:
9 divide by 3 is 3 itself so the answer is 3
Box a should have 30 pieces of chocolate and box b should have 20 pieces of chocolate
