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1 answer:
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In the given question, it is given that
Isaac take 5 minutes to ride his bike to down the hill to school and 10 minutes to ride up the hill from school. He attends school Monday through Friday.
So per day, from Monday to Friday, Issac rides 15 minutes.
And in 2 weeks, Issac have to ride 10 days.
So in 10 days, Issac rides,
Answer:
$48,739.50
Step-by-step explanation:
You are going to want to use the simple interest formula for this.
<em>P = principal amount </em>
<em>r = interest rate (decimal form) </em>
<em>t = time (years)</em>
<em />
First convert 4.5% into its decimal form:
4.5% -> -> 0.045
Next, we need to change 120 months into years:
<em>(10 years)</em>
<em />
Now, plug in the values into the equation:
The interest earned after 120 months was $48,739.50