1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AlexFokin [52]
3 years ago
6

Kremena's bank account earns 4.5% simple interest per year. How much must she deposit in the account today if she wants it to be

worth $1,250 in 3 years? Round your answer to the nearest dollar.
Mathematics
2 answers:
Sever21 [200]3 years ago
7 0

Answer: $1101 must be deposited into the account.

Step-by-step explanation:

Let x represent the amount that must be deposited.

The formula for determining simple interest is expressed as

I = PRT/100

Where

I represents the interest after T years.

P represents the principal or initial amount deposited.

T represents the amount of time for which the money is left in the account in years.

R represents the interest rate.

From the information given,

P = $x

T = 3 years

R = 4.5%

I = 1250 - x

Therefore,

1250 - x = (x × 4.5 × 3)/100

1250 - x = 0.135x

x + 0.135x = 1250

1.135x = 1250

x = 1250/1.135

x = 1101 to the nearest dollar

oksian1 [2.3K]3 years ago
6 0

Answer:

1095$ should be invested today .

Step-by-step explanation:

The formula of present value will be applied here :

Present Value= Future Value/(1+ interest rate)^Years

Present Value = 1250/(1.045)^3

You might be interested in
Using the equation y= 2/3x -5, describe how to create a system of linear equations with and infinite number of solutions
IRISSAK [1]

Answer:

sorry but I do not now this any more but did once upon a time

Step-by-step explanation:

5 0
3 years ago
.<br> Round 12.5829 to the nearest hundredth. Rounded number = ___
Savatey [412]
The hundredth's place is the second number after the decimal. In order to round to such place, you look at the number after it. For example, the number in the hundredth's place in 47.9025 is 0. In order to round, you must look at the number after it, in this case 2. Since 2 is less than 5, the 0 will not be rounded up and remain 0. The answer to your particular question is 12.58. 

3 0
3 years ago
Read 2 more answers
What is the radius and diameter of the following circle?<br> Radius = cm<br> diameter= cm
Nadya [2.5K]

The value of diameter and radius of circle is 7 cm and 3.5cm.

According to the statement

we have given that the a figure of circle and we have to find the radius and the diameter of the circle.

So, We know that the

The radius of a circle runs from its center to its edge, the diameter runs from edge to edge and cuts through the center.

Here from the figure it is clear that the

Diameter of circle = 7cm

and the radius of circle we have to find

So,

Radius of circle = Diameter /2

Substitute the values in it then

Radius of circle = 7cm /2

Radius of circle = 3.5 cm.

So, The value of diameter and radius of circle is 7 cm and 3.5cm.

Learn more about the diameter and radius of circle here

brainly.com/question/15673093

#SPJ1

3 0
2 years ago
Hi...Could u plz help me...
DaniilM [7]

Answer:

B and D I dont have time to explain

I am sorry.

Thanks for question

5 0
3 years ago
PLEASE HELP<br> x+4y=6<br> x+y=3 <br> Solve for x and y
slamgirl [31]
I don't understand the y after the 4... but would it be x=2 y=1 ?
7 0
3 years ago
Read 2 more answers
Other questions:
  • The football coach bought enough sports mix to make 60 L of a sports drink.
    14·1 answer
  • I used 1/3 of a bottle of wax to wax 3/4 of a car. How many cars can I wax with one bottle? Please helppp
    11·2 answers
  • What's the factored form of x^2+10x+16
    6·1 answer
  • Which of the following numbers has the highest value? Select one
    8·2 answers
  • PLease Help i need it
    9·1 answer
  • What is the quotient of -0.05 ÷ -5/16​
    15·1 answer
  • What is the answer to <br> 3-h=8
    12·1 answer
  • PLEASE HELP ME IT' S FOR TODAY!!!​
    8·2 answers
  • Austin loaned his brother $20 and asked him to pay him back in 3
    10·1 answer
  • Geometry hw!!! picture is above
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!