3 years ago

How much interest is earned on $250 at 10% for five years

Mathematics

1 answer:

djyliett [7]3 years ago

3 0

$154.63

Year 1: $25
Year 2: $27.5
Year 3: $30.25
Year 4: $33.28
Year 5: $36.60

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Let there be x blue ribbons

$\therefore \: \frac{1}{5} + \frac{7}{15} + x = 36 \\ \therefore \: \frac{1 \times 3}{5 \times 3} + \frac{7}{15} + x = 36 \\ \therefore \: \frac{3}{15} + \frac{7}{15} + x = 36 \\ \therefore \: \frac{3 + 7}{15} + x = 36 \\ \therefore \: \frac{10}{15} + x = 36 \\ \therefore \: x = 36 - \frac{10}{15} \\ \therefore \: x = \frac{36 \times 15 - 10}{15} \\ \therefore \: x = \frac{540 - 10}{15} \\ \therefore \: x = \frac{530}{15} \\ \therefore \: x = 35\frac{5}{15} \\ \\ \therefore \: x = 35\frac{1}{3} \: are \: blue. \\$

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