Answer:
Jack's final bank account amount will be $54,782.50, <em>earning</em> <u>$7,459.31</u> in <em>interest</em>.
General Formulas and Concepts:
<u>Algebra I</u>
Compounded Interest Rate Formula: 
- <em>A</em> is final amount
- <em>P</em> is principle amount
- <em>r</em> is rate
- <em>n</em> is compounded rate
- <em>t</em> is time
Step-by-step explanation:
<u>Step 1: Define</u>
<em>Identify given variables</em>.
<em>P</em> = $47,323.15
<em>r</em> = 0.05
<em>n</em> = 1
<em>t</em> = 3
<u>Step 2: Find Interest</u>
- [Compounded Interest Rate Formula] Substitute in variables:
- Evaluate:
∴ Jack will <em>gain</em> $7,459.31 and have a net balance of $54,782.50.
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Topic: Algebra I
Answer:
B.
Step-by-step explanation:
The purpose of establishing a good credit history is to show that you are able to handle money. The higher your credit score is, the more responsible you are with money.
You can build good credit history by making payments with a credit card and repaying your purchases. It shows that if the bank were to give you a larger sum of money, you would pay it back.
As such, B is incorrect. The purpose of credit relates to purchases. A is obviously correct for this reason. C is correct because banks are likely to put less interest, as interest correlates to the score (lower credit score, higher interest). D is correct because banks allow you to obtain credit cards with better rates if your credit score is high enough.
Employers cannot determine your qualification for a job based on a credit score. Some states even prohibit this. For this reason, B is incorrect.
Dividing 1.93km by 23 minutes, you get 0.083 km per minute, or 5.03 km per hour
Step-by-step explanation:
a)
we have 400 people. that is 10/10 of the whole group.
7/10 of the whole group drink tea. that is
400 × 7/10 = 40 × 7 = 280
that leaves 3/10 of the whole group not drinking tea
400 × 3/10 = 40 × 3 = 120
from the 280 tea drinkers 20% drink at lay e cups of tea each day. that is
280 × 20/100 = 28 × 2 = 56
because 20 out of 100 is the meaning of 20%.
and the remaining 80% of the tea drinkers drink less then 3 cups each day.
280 × 80/100 = 28 × 8 = 224
b)
out of the 400 people 56 drink at least 3 cups of tea each day. that is
56/400 = 7/50
Answer:
-5y -6
Step-by-step explanation:
