Answer:
y ≈ 4.3
Step-by-step explanation:
Since the figures are similar then the ratios of corresponding sides are equal, that is
=
, substitute values
=
( cross- multiply )
6(y + 1) = 32
6y + 6 = 32 ( subtract 6 from both sides )
6y = 26 ( divide both sides by 6 )
y ≈ 4.3 ( to the nearest tenth )
Answer:
$5225
Step-by-step explanation:
Use the formula for the amount after simple interest:
"A" is the final amount, or balance.
"P" is the principal, or the starting amount.
"r" is the rate of interest in decimal form.
"t" is the time.
What we know:
P = 5000
t = 3
r = 1.5%
Convert the rate to decimal form by dividing by 100, or moving the decimal place two places to the left.
1.5% => 0.015 = r
Substitute what we know into the formula:
A = P(1 + rt)
A = 5000(1 + (0.015)(3)) <=simplify
A = 5000(1 + 0.045)
A = 5000(1.045)
A = 5225 <= new balance
The new balance of an account is $5225.