The total interest accrued is $2,407.41 if you invested $7,000 into a money market account for 10 years at an annual interest rate of 3%.
<h3>What is invested amount?</h3>
An investment is a payment made to acquire the securities of other firms with the intention of making a profit.
We are assuming the interest will be compounded annually
Where A = Final amount
P = Principal amount
r = annual rate of interest
n = how many times interest is compounded per year
t = How long the money is deposited or borrowed (in years)
We have:
P = $7000
r = 3% = 0.03
t = 10 years
n = 1
After calculating:
A = $9407.41
I = A - P = 9407.41 - 7000 = $2,407.41
Thus, the total interest accrued is $2,407.41 if you invested $7,000 into a money market account for 10 years at an annual interest rate of 3%.
Learn more about the invested amount here:
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1) Since there are 16 ounces in a pound you multiply 16 by the number of pounds. So 6x16=96 then add the extra ounces and your answer is 100 oz.
2) Seth finished faster because she finished in 24 second, since there are 3 feet per yard, you multiply 3x200=600, then, you divide 600 feet by 25 feet and you get 24. So Seth finished in 24 seconds
The answer is D.
|-4| < 4
4 < 4
|-1| < 0
1 < 0
|-6| = -6
6 = -6
|-14| > 10
14 > 10
Answer:
x = 1, y = -1
Step-by-step explanation:
If we have the two equations:
and 
, we can look at which variable will be easiest to eliminate.
looks like it might be easy to get rid of, we just have to multiply by 2 and y is gone (as -6y + 6y = 0).
So let's multiply the equation by 2.
Now we can add these equations
------------------------
Dividing both sides by 5, we get 
.
Now we can substitute x into an equation to find y.
Hope this helped!
