48 + 24 + 12 + 6 = 90 inches or <span>3*(16+8+4+2) = 90 will be the right answer.</span>
Answer: Sure!
Step-by-step explanation:
:)
Answer:
<em>Mrs. Adams will earn $3,120 of interest at the end of year 8.</em>
Step-by-step explanation:
<u>Simple Interest</u>
In simple interest, the money earns interest at a fixed rate, assuming no new money is coming in or out of the account.
We can calculate the interests earned by an investment of value A in a period of time t, at an interest rate r with the formula:

Mrs. Adams deposited an amount of A=$12,000 into an account that earns an annual simple interest rate of r=3.25%. We must find the interest earned in t=8 years. The interest rate is converted to decimal as:

The interest is then calculated:

Mrs. Adams will earn $3,120 of interest at the end of year 8.
To add 11% to an amount means to multiply the amount by 1.11.
You can start with $115 and multiply it by 1.11 eleven times.
A quicker way is to find 1.11^11 and then multiply by $115.
$115 * 1.11^11 = $115 * = 3.151757 = $362.45