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DaniilM [7]
4 years ago
5

A savings account earns 5% simple interest per year. The principal is $1200. What is the balance after 4 years?

Mathematics
2 answers:
stiv31 [10]4 years ago
7 0
The formula of the Simple Interest is:
I=PRT
P for Principle Amount     ($1200)
R for Rate                        (5%=\frac{5}{100} = 0.05)
T for Time in years          (4 years)
I = 1200 × 0.05 × 4
  = $240

Add the interest to the principle amount to check the balance
$1200 + $240 = $1440

irina1246 [14]4 years ago
7 0
$240 i rember doing interest right around january

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General Formulas and Concepts:

<u>Pre-Algebra</u>

Order of Operations: BPEMDAS

  1. Brackets
  2. Parenthesis
  3. Exponents
  4. Multiplication
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Step-by-step explanation:

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Ginger buys lunch at school every day. She always gets
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Answer:

The estimated probability that Ginger will eat a a pizza everyday of the week is;

D. 8/10 = 80%

Step-by-step explanation:

The given parameters are;

The frequency with which Ginger buys launch = Everyday

The percentage of the time the cafeteria has pizza out = 80%

The outcome of 0 and 1 = No pizza available

The outcome of 2, 3, 4, 5, 6, 7, 8, and 9 = Pizza available

Therefore, we have the;

Group number  {}                          Percentage of time pizza available

1                     {}                          80%

2                     {}                          80%

3                     {}                          80%

4                     {}                          80%

5                     {}                          40%

6                     {}                          100%

7                     {}                          80%

8                     {}                          100%

9                     {}                          80%

10                     {}                          80%

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∴ The estimated probability that Ginger will eat a a pizza everyday of the week = 8/10

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