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Ratling [72]
3 years ago
10

Lui deposited $3,500 into a savings account. The simple interest is 4%. How much interest will the account earn in 2 years?

Mathematics
1 answer:
Varvara68 [4.7K]3 years ago
6 0

Answer:

$280

Step-by-step explanation:

Principal = $3,500

Time = 2 Years

Interest Rate = 4%

Interest = Principal x Time x Interest Rate

Interest = $3,500 x 2 x 0.04

Interest = $280

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Answer:

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Step-by-step explanation:

We are given the following in the question:

P = $3,300

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t = 36 years

The compound interest is given by:

A = p\bigg(1+\dfrac{r}{n}\bigg)^{nt}

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Since interest is compounded annualy we use n = 1

A = 3300\bigg(1+\dfrac{0.065}{1}\bigg)^{36}\\\\A = \$31,849.29

Thus, balance of account at the end of 36 years is $31,849.29

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3 years ago
The are of a rectangle room is 80 square feet. I’f the length of one side of the room is 8 feet, what is the perimeter of the ro
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4 years ago
For Problems 11-12, expand the expressions using the Distributive Property. Then simplify the expressions. 12. 9(3y-5) ​
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Answer:

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6 0
3 years ago
A drama club earns $1040 from a production. A total of 64 adult tickets and and 132 student tickets are sold. An adult ticket co
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A=adult ticket           s=student ticket                         

64a+132s=$1040
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260tickets=$1040
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What percentage of $25000 is $6000
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Solution for 600 is what percent of 25000:

600:25000*100 =

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Now we have: 600 is what percent of 25000 = 2.4
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3 years ago
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