Elaborate more on your question! Include details that we don't know.
Answer: $4,365.10
Step-by-step explanation:
Ok, we know that:
The account starts with $2350
There is a simple interest of 3.75% (or 0.035).
Then after one year, the amount in the account will increase by 3.75%, this means that the amount will be:
$2350 + 0.035*$2350 = (1.035)*$2350.
After another year, we have the same increase (but applied to the new amount in the account):
(1.035)*$2350 + 0.035*(1.035)*$2350. = (1.035)^2*$2350
And so on.
You already can see the pattern here, the amount of money in the saving account after N years will be:
M(N) = $2350*(1.035)^N.
Now we can answer:
what is the balance of the account if it earns a simple interest of 3.75% for 18 years?
Just replace N by 18 in that equation:
M(18) = $2350*(1.035)^18 = $4,365.10
Answer:
D. 0.343
Step-by-step explanation:
You can see the first three options as 0.340 so if you substract this number with 0.343 the remainder is positive 3.
This strategy also can be applied to the number 0.3409 but in this occasion the result is different:
That is small number but still is positive that's meaning that between 0.343 and 0.3409 the greatest value is 0.343 .
Combine like terms. 6y + 8y is 14y. 5z - 3z is 2z. so the answer is 14y + 2z.
Positive! I hope this helps!
