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Ede4ka [16]
3 years ago
6

For her graduation, sarah is given 4000 by her parents to put into a savings account, paying 5%, for 4 years, for college. Her g

randparents give her 15000 to put into a savings account, for the same time period, paying 8% as well. What is the total amount of interest she receives if she opens both accounts?
Mathematics
1 answer:
Ratling [72]3 years ago
3 0
4000x.05x4=
15000x.08=

then the 2 answers you get just add them together
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Multiply. Do not round your answer. 15.6 x 3.8
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3 years ago
If Oliver withdraws $285.10 from his savings account to make the purchase, how much would he have earned in interest on that amo
never [62]
Oliver withdraws an amount of $285.10 from his saving account

His saving account earns 1.8% annually

The interest Oliver could have earned in five months:

Monthly interest = Annual interest ÷ 12
Monthly interest = 1.8% ÷ 12
Monthly interest = 0.018 ÷ 12 = 3/2000

After five months = Principle × (1 + interest)ⁿ
After five months = 285.10 × (1 + 0.018)⁵
After five months = 311.70

Interest earned = 311.70 - 285.10 = $26.60
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3 years ago
3 2/3 - 1 1/4 what’s the answer
Anettt [7]

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95/12 as an improper fraction.

8 0
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Read 2 more answers
A boat costs $19,200 and decreases in value by 12%. How much will devote be worth after 5 years?
saveliy_v [14]

We can start by multiplying $19,200 by 12%. This is 2304. Subtract 19,200 from 2304 and you get 16,896. We could have also received this answer by multiplying by 88%. This would have given us 16,896. So we can use this equation: (((((19,200*88%)88%)88%)88%)88%)=$1011.08.


Hope this helped!

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