First year 100x0.05 = 5
Second year 100x0.05 = 5
Third year 100x0.05 = 5
Total interest 15$ for three year + the original amount mean 100
Total after three year
$115
Because the interest not compounded mean : where previously accumulated interest is not added to the principal amount of the current period, so there is no compounding.
9514 1404 393
Answer:
0.015x
Step-by-step explanation:
The amounts earned at the different rates are ...
at 2%: 0.02x
at 3.5%: 0.035x
The difference in earnings is ...
0.035x -0.02x = 0.015x
Step-by-step explanation:
it's explained in the solution
Answer:
57
Step-by-step explanation:
10% of 570 = 57 (dividing by 10). Times that by 3, which is 171. Now divide 171 by 3, equals 57 (the answer).
Answer:
Let x be the number of gallons of the 20% solution and let y be the number of gallons of the 5% solution.
Your system would be:
x+y=15
0.2x+0.05y=(0.13)(15)
Solve the system using either elimination or substitution method, or a combination of the two.
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