Answer:
Answer:
I = $ 1,937.50
Step-by-step explanation:
Equation:
I = Prt
Calculation:
First, converting R percent to r a decimal
r = R/100 = 3.875%/100 = 0.03875 per year,
then, solving our equation
I = 10000 × 0.03875 × 5 = 1937.5
I = $ 1,937.50
The simple interest accumulated
on a principal of $ 10,000.00
at a rate of 3.875% per year
for 5 years is $ 1,937.50.
I hope this is correct and hope it helps!
Answer:
LOL
Step-by-step explanation:
The answer is C! Annuity means "a fixed sum of money paid to someone each year", which is similar to what the letter C is suggesting.
T= Total cost
m= # of members
Total equals $60 fee plus ($15 times # of members) plus $95 fee plus ($12 times # of members)
T= $60 + $15m + $95 + $12m
combine like terms
EXPRESSION:
T= $27m + $155
Hope this helps! :)
1/6 of an hour is equivalent to 10/60 or 10 minutes.
To find out how much 3/4 of an hour is, change the denominator of both fraction so that they match up. We can make this easier by multiplying 4 by 15 to get 60 (hence an hour) and since we multiplied 4 by 15, we also need to multiply 3 by 15 which gets us 45.
We end up with 10/60 and 45/60 or 10 minutes and 45 minutes.
Half of 10 is 5 so we know we'll have a decimal of .5 in our answer.
4 times 10 equals 40 and 40 plus 5 equals 45, so 4.5.