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My name is Ann [436]
3 years ago
13

If the interest rate on a savings account is 0.02%, approximately how much money do you need to keep in this account for 1 year

to earn enough interest to cover a single $9.99 Below-Minimum-Balance Fee?
Mathematics
1 answer:
Dovator [93]3 years ago
5 0
This question seems to be a good example of why we need to learn math!

P=present value
i=interest rate = 0.02 per year
time, t=1 year
we need P such that
interest = Pit ≥ 9.99
or
P(.0002*1) ≥ 9.99
=>
P ≥ 9.99/0.0002 = 49950

Answer: it takes a minimum balance of $49950 to cover a "below minimum balance fee" of $9.99.


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The measure of the two sides of a triangle. ​
Phoenix [80]

Answer:

A.

Step-by-step explanation:

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Find the value of n, if 25.003 = (2x 10) + (5x1)+(3xn)​
guajiro [1.7K]

Answer:

n=0.001

Step-by-step explanation:

(2\times10)+(5\times1)+(3\times n)=25.003\\\\\implies 20 + 5 + 3n = 25.003\\\\\implies 3n+25=25.003\\\\\implies 3n+25-25=25.003-25\\\\\implies 3n = 0.003\\\\\implies n=0.001

3 0
2 years ago
What is the value of y in the solution to the system of equations 5x-y=25 and x+4y=-10
Amiraneli [1.4K]

Answer:

y=-3.571

Step-by-step explanation:

To get rid of the x's make the other x cancel out the other.

5x-y=25+(-5(x+4y=-10)=-21y=75= -3.571

3 0
3 years ago
Read 2 more answers
Triangle RST is diated to form triangle R'S'T with the scale factor of 3.5. If RT=8 what is the length of R'T
shepuryov [24]

Answer:

R'T = 28

Step-by-step explanation:

Dilation is one of the methods used in transformation. It is a process in which the size of a given object or shape is either increased or decreased by a scale factor.

In the given question, the length of RT was increased by the scale factor, so that;

R'T = RT x scale factor

      = 8 x 3.5

      = 28

R'T = 28

Therefore, the length of R'T is equal to 28.

3 0
3 years ago
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