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Vladimir [108]
3 years ago
15

Jenny's parents deposit $10,000 for her college tuition in an account with a 3% simple interest rate. How long will it take to e

arn $3600 in interest?
5 years

7 years

10 years

12 years
Mathematics
2 answers:
KiRa [710]3 years ago
7 0
Ok so <span>Interest = Principle * rate * time P = 10,000 R = 3% = 0.03 T (we need to solve for t I = 3600 now we sub.. 3600 = (10,000)(0.03)(t) 3600 = 300t -- divide both sides by 300 3600/300 = t 12 = t check.. I = prt 3600 = (10000)(0.03)(12) 3600 = (300)(12) 3600 = 3600 (correct) It would take 12 years</span>
Aleksandr-060686 [28]3 years ago
7 0

Answer:

12%

Step-by-step explanation:

simple answer

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3 0
3 years ago
A collection of nickels and dimes is worth $9.45. If the number of dimes is doubled, the value is
eduard

Answer:

The number of nickels is 45 and the number of dimes is 72.

Step-by-step explanation:

Let

x ----> number of nickels

y ----> number of dimes

Remember that

1\ nickel=\$0.05

1\ dime=\$0.10

so

0.05x+0.10y=9.45 ------> equation A

0.05x+0.10(2y)=16.65

0.05x+0.20y=16.65 ------> equation B

<em>Solve the system by substitution</em>

we have

0.05x+0.10y=9.45 ------> equation A

0.05x+0.20y=16.65 ------> equation B

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solve for y

945+10y=1,665

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Find the value of x

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<em>Alternative Method</em>

Solve the system by graphing

Remember that the solution is the intersection point both graphs

using a graphing tool

the solution is the point (45,72)

therefore

The number of nickels is 45 and the number of dimes is 72.

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The answer is






                               


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Answer:

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