Answer:
36 and 6. 2.
Step-by-step explanation:
Answer:
C. 5.8 × 
Step-by-step explanation:
0.000058
4 zeros
4 + 1 = 5
5.8 × 10⁻5
Answer:
Haha, I think they meant man or your bf
Answer: he would have $343.47 after 2 years.
Step-by-step explanation:
if he leaves his interest from the first year in the bank, we would assume that his interest was compounded. We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = $300
r = 7% = 7/100 = 0.07
n = 1 because it was compounded once in a year.
t = 2 years
Therefore,.
A = 300(1 + 0.07/1)^1 × 2
A = 300(1.07)^2
A = $343.47
The amount invested in the first account is $9,300 while the amount invested in the second account is $8,800.
<h3>
How do we calculate the amount invested?</h3>
Let x represents the amount invested in the first account.
Therefore, we have:
Amount invested in the second account = x - 500
Interest income from first account = 3% * x = 0.03x
Interest income from second account = 5% * (x - 500) = 0.05x - 25
Total interest income = 0.03x + 0.05x - 25 = 719
Solving for x, we have:
0.08x = 719 + 25
x = 744 / 0.08
x = $9,300
Substituting for x, we have:
Amount invested in the second account = $9,300 - $500 = $8,800
Learn more about the amount invested here: brainly.com/question/24132106.
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