Given Information:
Principle amount = P = $6,000
Interest rate = r = 4% = 0.04
Period in years = t = 5
Required Information:
How much interest will he earn in 5 years = ?
Answer:
Amount of interest = $1,299.92
Step-by-step explanation:
Using the formula given in the question,
Where B is the final amount, P is the initial amount, r is the interest rate and t is the number of years
The amount of interest earned is
Therefore, Quincy has earned $1,299.92 in terms of interest by investing $6,000 in a savings account at the rate of 4% annual interest for a period of 5 years.
7x + 14 + 3x + 15 = 14x + 14 + 2
10x + 14 = 14x + 16
14 - 16 = 14x - 10x
-2 = 4x
X = - 2/4
X = - 1/2 OR X = - 0.5
Answer:
x = 6
General Formulas and Concepts:
<u>Pre-Algebra</u>
Order of Operations: BPEMDAS
- Brackets
- Parenthesis
- Exponents
- Multiplication
- Division
- Addition
- Subtraction
Equality Properties
Step-by-step explanation:
<u>Step 1: Define Equation</u>
3 - 2x = -1.5x
<u>Step 2: Solve for </u><em><u>x</u></em>
- Add 2x on both sides: 3 = 0.5x
- Divide 0.5 on both sides: 6 = x
- Rewrite: x = 6
<u>Step 3: Check</u>
<em>Plug in x into the original equation to verify it's a solution.</em>
- Substitute in<em> x</em>: 3 - 2(6) = -1.5(6)
- Multiply: 3 - 12 = -9
- Subtract: -9 = -9
Here we see that -9 does indeed equal -9.
∴ x = 6 is the solution to the equation.
Answer:
No, because they look like they are different sizes. Or you could say the first answer
