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lys-0071 [83]
3 years ago
7

Karl deposits $900 in a CD. He will earn 5% compound interest each year for five years. How much interest will Karl earn in 5 yr

s?
Mathematics
1 answer:
Sliva [168]3 years ago
5 0

Answer:

$225 of interest in 5 years.

Step-by-step explanation:

Step 1: 5% x 5 = 25%.

Step 2: 900 ÷ 4 = 225.

Karl will earn $225 of interest in 5 years.

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The sum of two integers is 60 and their difference is 8 find the integers
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Step-by-step explanation:

x+y = 60

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Find the slope of the line passing through the points (1,-5) and (4,1).
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Writing an equation of the form A/x+B)C to solve a word probl...
Margarita [4]

Answer:

(a) The equation is 7h-2=56.

(b) Trey gets approximately $8.29 for each hour of work.

Step-by-step explanation:

Given:

Number of hours Trey works = 7

Amount of money he put aside for mom = $2

Total Amount he keeps each day = $56

We need to find the amount he gets for each hour.

Let 'h'  represent the amount (in dollars) Trey gets paid each hour.

Solving for part (a).

We need to write the equation to find the amount he gets paid for each hour.

Now we can say that;

Total Amount he keeps each day is equal to Number of hours Trey works multiplied by the amount he gets paid for each hour minus Amount of money he put aside for mom.

framing in equation form we get;

7h-2=56

Hence the equation is 7h-2=56.

Solving for part (b).

we need to solve the above equation to find the amount he gets paid for each hour.

On solving the equation we get;

Adding both side by 2 we get

7h-2+2=56+2\\\\7h=58

Now Dividing both side by 7 using Division Property we get;

\frac{7h}{7} = \frac{58}{7}\\\\h \approx \$8.29

Hence Trey gets approximately $8.29 for each hour of work.

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3 years ago
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