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3 years ago

Find the balance at the end of 4 years if $10,000 is deposited at a rate of 1.5% simple interest.

Mathematics

1 answer:

Minchanka [31]3 years ago

3 0

Answer:

Principal amount (P) = $10,000

Rate (R) = 1.5%

Time (T) = 4 years

Simple interest, I = P X R X T / 100

= 10000 X 1.5 X 4 /100

= 60000 / 100

= $600

Therefore, Balance = P + I

= 10000 + 600

= $10600

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3 years ago

The sum of two numbers is 60. Their difference is 24. Find the numbers.

prisoha [69]

Answer:

The Answer is: The first number is 42 and the second number is 18.

Step-by-step explanation:

Let f = first number and s = second number.

f + s = 60

f - s = 24

Solve for f:

f = 24 + s

Substitute:

24 + s + s = 60

2s = 36

s = 18, the Second Number

Solve for f:

f = 24 + s

f = 24 + 18 = 42, the First Number

Proof:

42 + 18 = 60

60 = 60

Then:

42 - 18 = 24

24 = 24

Hope this helps! Have an Awesome Day!! :-)

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