Mark wants to invest 10,000 in a cd for at least 10 years the first choice is a cd that pays 4% annually and uses simple interes t what is the total value after 10 years
1 answer:
Answer: 14000
Step-by-step explanation:
From the question, the first thing is to first calculate the simple interest (S.I). This will be:
S.I = (principal × rate × time)/100
where principal = 10,000
rate = 4%
time = 10 years
Simple interest = (10,000 × 4 × 10)/100
= 400000/100
= 4000
The total value after 10 years will be th addition of the amount invested and the interest. This will be:
= 10,000 + 4000
= 14000
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923 rounded to the nearest hundred is 900. If the number was over 950 it would be 1,000 but since it was below is closer or nearest to 900
Thirty cents
Answer:
53% or 0.53 or 53/100
Step-by-step explanation:
The formula of the Simple Interest is:
I=PRT
P for Principle Amount ($1200)
R for Rate (5%=
= 0.05)
T for Time in years (4 years)
I = 1200 × 0.05 × 4
= $240
Add the interest to the principle amount to check the balance
$1200 + $240 = $1440
Answer:
y = 3
x = 2
Step-by-step explanation:
-5x + 4y = 2
9x - 4y = 6
Sum both eq.
-5x + 9x = 4x
+4y - 4y = 0
2 + 6 = 8
then:
4x + 0 = 8
4x = 8
x = 8/4
x = 2
from the first eq.
-5x + 4y = 2
-5*2 + 4y = 2
-10 + 4y = 2
4y = 2 + 10
4y = 12
y = 12/4
y = 3
Check:
from the second eq.
9x - 4y = 6
9*2 - 4*3 = 6
18 - 12 = 6
= 0.05)