The disadvantage of overpaying your taxes during the year is that you cannot use the money or draw interest on it until after you get your tax refund.
If you are overpaying your taxes, the government is holding that extra money for you. At the end of the tax year when you file your taxes, they will give you the extra money back that you overpaid.
However, you don't receive any interest on the extra money that was held.
Answer:
5.01
Step-by-step explanation:
if she can go 6.7 miles in an hour, then the way we find out how much she does in 3/4 of an hour is divide 6.7 by 4. 6.7/4=1.67 and then, to get 3/4, we multiply 1.67 by 3.
Brainliest please
I'm sorry but I do not know how to do this
It will take 19 years and 6 months for the account value to reach 2900 dollars
Step-by-step explanation:
Given
Principal amount = 1400 dollars
Rate = 5.5 %
Final value = A = 2900
We have to find t
So,
The formula for simple interest is:
Putting values
Dividing both sides by 0.055
Rounding off to nearest tenth
19.5 years
Hence,
It will take 19 years and 6 months for the account value to reach 2900 dollars
Keywords: Interest, simple interest
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