Answer:
a) $520
b) $580
c) Interest amount is same each year
Step-by-step explanation:
Given - Georgie put $500 in her savings account, earning interest at a rate of 4% each year. She did not make any more deposits or withdrawals.
To find - a) How much money was in the account after one year?
b) How much money was in the account after 4 years?
c) Was the amount of money earned in interest the same or different each year?
Proof -
Here given that,
Principal amount = $500
rate of interest = 4% = 4/100 = 0.04
Now,
a)
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(1)]
= 500 [ 1 + 0.04] = 520
⇒Amount = $520
b)
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(4)]
= 500 [ 1 + 0.16] = 580
⇒Amount = $580
c)
In 2nd year,
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(2)]
= 500 [ 1 + 0.08] = 540
⇒Amount = $540
Now,
Interest in 1st year = 520 - 500 = 20
Interest in 2nd year = 540 - 520 = 20
So,
The interest amount is same each year
Step-by-step explanation:
the answer is in the image
For a sum of a number t and 23
t plus 23
Answer:
171
Step-by-step explanation:
9 * 19 is 171 dollars so that's what he'll owe
Answer:
The surface area of a rectangular prism with length of
15, a width of 9 and a height of 13 is:
894.0000 square units.
not sure
Step-by-step explanation:
To find the surface area, use this rectangular prism surface area
formula:
Surface Area =
[(Length x Width) + (Length x Height) + (Width x Height)] x 2
Example: The surface area of a rectangular prism with length of
3 inches, width of 4 inches, and height of 5 inches:
Surface Area = [(3 x 4) + (3 x 5) + (4 x 5)] x 2
Calculated out this gives a surface area of 94 Square Inches.
(not the answer example)
