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:
3
Step-by-step explanation:
because 3 is the only number that goes into both 3 and 27
Number of times she climbed 5-mile mountain trail = x
Number of times she climbed 10-mile trail = y
total distance of the 5-mile mountain trail will be = 5*x =5x
total distance of the 10-mile mountain trail will be = 10*y = 10y
equation that can be used to find the number of times she hiked each trail is therefore
5x + 10y = 90
Answer:
4% change
Step-by-step explanation:
