Alexus deposited $1900 into a savings account that pays a simple annual interest rate of 1.8%. how much interest will she earn a
2 answers:
Answer:
$25.65
Step-by-step explanation:
We have been given that Alexus deposited $1900 into a savings account that pays a simple annual interest rate of 1.8%.
To find the amount of interest earned in 9 months we will use simple interest formula.
, where,
,
,
,
Let us convert our given interest rate in decimal form and time in years.
Upon substituting our given values in simple interest formula we will get,
Therefore, Alexus will earn an amount of $25.65 in interest after 9 months.
You might be interested in
To begin with, the question is asking for the answer in days, so let's change 3 weeks to days. There are 7 days in 1 week; 3 weeks times 7 days = 21 days.
21 total days of vacation.
Max + Jared + Wesley = 21 days
(Let's use the first letter of their name to represent their vacation time)
M + J + W = 21 [This is the equation we'll be coming back to]
Now, we can use the clues given in the question to have an equation for each variable/boy.
Max was on vacation twice as long as Jared. We can interpret this as M= 2J Max was on vacation only half as long as Wesley. We can interpret this as M = (1/2)W.
So far we have these three equations: M + J + W = 21M = 2J M = (1/2)W
To have an equation for each individual boy, we must rearrange the last two equations in the list.
First, M = 2J.
Divide both sides by 2
M/2 = 2J/2
(1/2)M = J
Second, <span>M = (1/2)W
Multiply both sides by 2
2M = W
New equations:
</span><span>M + J + W = 21 [From the old list]
</span>J = (1/2)W
W = 2M
Now we can substitute the last two equations into the first one.
M + J + W = 21
M + (1/2)W + 2M = 21
[Combine Like Terms]
<span>(7/2)M = 21
</span>
Then, solve for M (Max's vacation days):
Multiply both sides by 2/7
M = 6
Now we know Max was on vacation for 6 days.
If Max was on vacation twice as long as Jared, that means Jared was on vacation HALF as long as Max.
So...
<span>J = (1/2)M
J = (1/2) * 6
J = 3
Jared was on vacation for 3 days
</span>
Wesley was on vacation twice as long as Max so... W = 2M
W= 2*6
W = 12
Wesley was on vacation for 12 days.
Let's double check our answer:
M + J + W = 21 days<span>6 + 3 + 12 = 21
The numbers work out so the math is correct. Hope this helps and makes sense!</span>
21 total days of vacation.
Max + Jared + Wesley = 21 days
(Let's use the first letter of their name to represent their vacation time)
M + J + W = 21 [This is the equation we'll be coming back to]
Now, we can use the clues given in the question to have an equation for each variable/boy.
Max was on vacation twice as long as Jared. We can interpret this as M= 2J Max was on vacation only half as long as Wesley. We can interpret this as M = (1/2)W.
So far we have these three equations: M + J + W = 21M = 2J M = (1/2)W
To have an equation for each individual boy, we must rearrange the last two equations in the list.
First, M = 2J.
Divide both sides by 2
M/2 = 2J/2
(1/2)M = J
Second, <span>M = (1/2)W
Multiply both sides by 2
2M = W
New equations:
</span><span>M + J + W = 21 [From the old list]
</span>J = (1/2)W
W = 2M
Now we can substitute the last two equations into the first one.
M + J + W = 21
M + (1/2)W + 2M = 21
[Combine Like Terms]
<span>(7/2)M = 21
</span>
Then, solve for M (Max's vacation days):
Multiply both sides by 2/7
M = 6
Now we know Max was on vacation for 6 days.
If Max was on vacation twice as long as Jared, that means Jared was on vacation HALF as long as Max.
So...
<span>J = (1/2)M
J = (1/2) * 6
J = 3
Jared was on vacation for 3 days
</span>
Wesley was on vacation twice as long as Max so... W = 2M
W= 2*6
W = 12
Wesley was on vacation for 12 days.
Let's double check our answer:
M + J + W = 21 days<span>6 + 3 + 12 = 21
The numbers work out so the math is correct. Hope this helps and makes sense!</span>