Answer:
The initial amount in the account is $333.33
Step-by-step explanation:
Here, we want to calculate the initial amount in the account.
Let the initial amount be $x
Mathematically;
Simple interest = PRT/100
where P is the amount deposited = $x
R is the rate = 10%
T is the time = 5 years
Simple interest = Present amount - Principal = $(500-x)
By substituting;
500-x = (x * 10 * 5)/100
100(500-x) = 50x
50,000 - 100x = 50x
50,000 = 100x + 50x
150x = 50,000
x = 50,000/150
x = 333.33333333
Which to the nearest penny ; x = $333.33
32,767/32,768 is in lowest terms and can't be reduced.
We conclude that the final amount that she has in her bank account is $375.
<h3>
How much has Tara in her bank account now?</h3>
Here we need to perform some additions and subtractions. We know that Tara starts with $350 in her account.
Then she received 3 checks for $35 each, so at this point she has:
$350 + 3*$35 = $455
Now she buys 2 video games for $41 each, so we need to subtract two times $41, we will get:
$455 - 2*$41 = $375
We conclude that the final amount that she has in her bank account is $375.
If you want to learn more about additions and subtractions:
brainly.com/question/25421984
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Answer:
25-7 / 2
Step-by-step explanation:
