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Use the multiplier 1.055
final = original x multiplier^n
where 'n' is the number of years
Sub the values in
final = 700 x 1.055^7
final = 1018.27
Subtract the values:
1018.27 - 700 = 318.27
Thus, he earns more than $275
He earns $43.27 more
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Answer:
already put answer lol i just want points
Step-by-step explanation:
Answer:
Answer is 116
Step-by-step explanation:
12(10)-4 is 116
Answer:
x≤ 9
Step-by-step explanation:
add 6 to the other side to get x by itself....
Answer:
a) Interest earned = $36
New Balance = $336
b) Interest rate = 0.05 or 5%
New Balance = $517.5
c) time t = 5
New Balance = $612.5
d) Principal Amount = $675
New Balance = $783
Step-by-step explanation:
We are given:
a) Principal (P) = $300
Rate (r) = 3% or 0.03
Time (t)= 4 years
Interest earned = ?
The formula used is: 
Putting values and finding interest

So, Interest earned = $36
New Balance = Principal + Interest = 300+36 = $336
b) a) Principal (P) = $300
Rate (r) = ?
Time (t)= 3 years
Interest earned = 67.50
The formula used is: 
Putting values and finding rate

So, Interest rate = 0.05 or 5%
New Balance = Principal + Interest = 450+67.50 = $517.5
c) Principal (P) = $500
Rate (r) = 4.5% or 0.045
Time (t)= ?
Interest earned = $112.50
The formula used is: 
Putting values and finding time

So, time t = 5
New Balance = Principal + Interest = 500+112.50 = $612.5
d) Principal (P) = ?
Rate (r) = 8% or 0.08
Time (t)= 2 years
Interest earned = 108.00
The formula used is: 
Putting values and finding Principal

So, Principal Amount = $675
New Balance = Principal + Interest = 675+108 = $783