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:
I think B is the correct answer, sorry im not very good with math tho.
Step-by-step explanation:
Sorry if its incorrect
16% = 0.16
1/6 = 0.16666
1.6x10^6 = 1600000
0.166 = 0.166
order from greatest to least:
1.6x10^6, 1/6, 0.166, 16%
Answer is D
Insert x = 7
so 3/(7+2) - sqr (7-3)
=3 / (9) - sqr (4)
= 1/3 - 2
=1/3 - 6/3
= -5/3
Answer:
16 sq. units
Step-by-step explanation:
<u>The formula for the area of a triangle:</u>
<u>If base and height are known as:</u>
- b = 8 units and h = 4 units
<u>Then the area is:</u>
- A = 1/2*8*4 = 16 sq. units
