All categories

2 years ago

You have 550$ in a savings account that earns 3% simple interest each year.How much will be in your account in 10 years?

1 answer:

7 0

Hey there! Hope I can help!

P is the principal amount, $550.00.
R is the interest rate, 3% per year, or in decimal form, 3/100 = 0.03.
T is the time involved, 10 year(s) time period.
So, t is the 10 year time period.

To find the simple interest, we multiply 550 × 0.03 × 10 to get $165.00

Then the interest is added onto the principal to figure the new amount after 10 years. 
550.00 + 165.00 = 715.00 > $715.00 after 10 years.

Hope this helps!

You might be interested in

Y= -4x + 10? What is the slope of the line?

Salsk061 [2.6K]

Answer:

-4 or -4/1

Step-by-step explanation:

The equation is in y=mx+b form

m is the slope, and b is the y intercept

So, for this line, y=-4x+10

-4 is the slope and 10 is the y intercept

Hope this helps! :)

6 0

2 years ago

The circumference of the top rim of the cone-shaped paper cup is 8.66 inches. Find the least amount of paper that can form the c

navik [9.2K]

Answer:

15.59 square inches

Step-by-step explanation:

In the required given diagram, the slant height of the cone was given as 3.6 inches.

The least amount of paper required would be equal to the curved surface area of the cone.

curved surface area of a cone = $\pi$ rl

where r is the radius and l the slant height.

circumference of the top rim = 8.66 inches

circumference = 2 $\pi$ r

⇒ 8.66 = 2 $\pi$ r

4.33 = $\pi$ r

r = 4.33/ $\pi$

curved surface area = $\pi$ x 4.33/ $\pi$ x 3.6

= 4.33 x 3.6

= 15.588 square inches

Thus, the least amount of paper that can form the cone shaped cup is 15.59 square inches.

7 0

2 years ago

Stacey and Jeremy sent out 380 invitations They have received 127 responses. What does q represent in the equation 380-q = 127

r-ruslan [8.4K]

Q represents the number of invitations without a response. Q is equal to 253

8 0

2 years ago

A lawn mower is pushed a distance of 100 ft. Along a horizontal path by a constant force of 60 lbs. Yhe handle of the lawn mower

stira [4]

For this case we have the following equation:
w = F • PQ
Where,
w: work done
F: is the force vector
PQ: is the vector of the direction of movement.
Rewriting the equation we have:
w = || F || • || PQ || costheta
Substituting values:
w = (60) * (100) * (cos (45))
w = (60) * (100) * (root (2) / 2)
w = 4242.640687 lb.ft
Answer:
The work done pushing the lawn mower is:
w = 4242.6 lb.ft

7 0

2 years ago

Lauren has a bag containing 6 red, 8 blue, 5 green, 9 yellow, and 2 white marbles that are all the same size and shape. What is

ser-zykov [4K]

The possibility it’s low because the yellow marbles have 9 nd the blue has 8 and the red one has 6 so green will be the second to last option

5 0

2 years ago

Read 2 more answers