Answer: $4,365.10
Step-by-step explanation:
Ok, we know that:
The account starts with $2350
There is a simple interest of 3.75% (or 0.035).
Then after one year, the amount in the account will increase by 3.75%, this means that the amount will be:
$2350 + 0.035*$2350 = (1.035)*$2350.
After another year, we have the same increase (but applied to the new amount in the account):
(1.035)*$2350 + 0.035*(1.035)*$2350. = (1.035)^2*$2350
And so on.
You already can see the pattern here, the amount of money in the saving account after N years will be:
M(N) = $2350*(1.035)^N.
Now we can answer:
what is the balance of the account if it earns a simple interest of 3.75% for 18 years?
Just replace N by 18 in that equation:
M(18) = $2350*(1.035)^18 = $4,365.10
Answer:
22.75
I did some work to try and find this answer sorry if it is wrong I tried.
Answer:
$108
Step-by-step explanation:
3X9= 27square foot. Then you multiply 27 by 4, which equals $108
Answer: width is 7
Step-by-step explanation:
Formula V=L×W×H
.. 7812= 36×W×31
7812=1116W
Divide by 1116
7=W
Answer:
Train A - 50 miles per hour
train B - 30 miles per hour
Step-by-step explanation:
Let x mph be the speed of the train B, then the speed of the train A is (x+20) mph.
In 3 hours,
- train A travels 3(x+20) miles
- train B travels 3x miles
In total, they covered the distance of 240 miles, so
![3(x+20)+3x=240\ \ \ \text{[Divide by 3]}\\ \\x+20+x=80\\ \\2x=80-20\\ \\2x=60\\ \\x=30\ mph\\ \\x+20=30+20=50\ mph](https://tex.z-dn.net/?f=3%28x%2B20%29%2B3x%3D240%5C%20%5C%20%5C%20%5Ctext%7B%5BDivide%20by%203%5D%7D%5C%5C%20%5C%5Cx%2B20%2Bx%3D80%5C%5C%20%5C%5C2x%3D80-20%5C%5C%20%5C%5C2x%3D60%5C%5C%20%5C%5Cx%3D30%5C%20mph%5C%5C%20%5C%5Cx%2B20%3D30%2B20%3D50%5C%20mph)