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salantis [7]
2 years ago
10

You deposit $1200 in an account. The annual interest rate is 3%. How long will it take you to earn $108 in simple interest?

Mathematics
1 answer:
Kruka [31]2 years ago
5 0

Answer:

<em>Interest = $3,888</em>

Step-by-step explanation:

Formula:

I = prt or I = p · r · t

what it stands for:

I = amount of interest

P = principal amount ($1,200)

R = interest rate (in years)(3% into decimal which would be .03)

T = amount of time (in years)($108)

so:

I = prt

I = (1,200)(.03)(108)

I = $3,888

Interest = $3,888

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3 0
2 years ago
Jackson used 8/9 of a case of soda to fill 1/3 of the soda machine. How many cases does it take to fill the soda machine?
lorasvet [3.4K]
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how many cases does it take to fill the soda machine = ?
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8/9 + 8/9 + 8/9 = 24/9 
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8 0
3 years ago
S and Tare mutually<br> exclusive events. Find P(sort)<br> P(S) = 12% P(T) =27%
mario62 [17]

The value of the probability P(S or T) is 39%

<h3>How to determine the probability?</h3>

The probability values are given as:

P(S) = 12% P(T) =27%

For mutually exclusive events,

P(S or T) = P(S) + P(T)

This gives

P(S or T) = 12% + 27%

Evaluate the sum

P(S or T) = 39%

Hence, the value of the probability P(S or T) is 39%

Read more about probability at:

brainly.com/question/11234923

#SPJ1

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