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3 years ago

An account earns simple interest $600 at 5% for 2 years find the interest earned

Mathematics

1 answer:

iVinArrow [24]3 years ago

7 0

Answer:

so your answer would be 60$

Step-by-step explanation:

I = P * r * t

Here, P = $600

r = 0.05 (decimal value for 5%)

t = 2 years

Part a)

The interest earned will be:

I = P * r * t

I = 600 * 0.05 * 2

I = $60

Part b)

The balance in the account will be $600 plus the interest earned or:

$600 + 60 = $660

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Answer:

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Step-by-step explanation:

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Total number of seats = 760

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Solution,

Let the total number of reserved seat be x.

And the total number of general seat be y

Hence total number of seats is the sum of total number of reserved seat and the total number of general seats.

So the equation can be written as;

$x+y=760\ \ \ \ equation\ 1$

Again, total money collected is the sum of fees of one reserved seat times total number of reserved seat and fees of one general seat times the total number of general seats.

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Now, multiplying equation 1 by 4 and then subtract it from equation 2.

$4x+4y=3040$

$(6x+4y)-(4x+4y)=3280-3040\\\\2x=240\\\\x=\frac{240}{2}=120$

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