Ask question

Ask question

All categories

3 years ago

14

Jacob earned 300 on an amount deposited into his bank account for 3 years at a 2% annual simple interest rate how much did Joe d

eposit

1 answer:

vampirchik [111]3 years ago

3 0

Joe deposited 180.

300 x .02 x 3 = 180

You might be interested in

Find the simple interest on 7,200 at 3/4% for 5 years

lakkis [162]

Answer:

$7474.08

General Formulas and Concepts:

<u>Pre-Algebra</u>

Order of Operations: BPEMDAS

Brackets
Parenthesis
Exponents
Multiplication
Division
Addition
Subtraction

Left to Right<u> </u>

<u>Algebra I</u>

Simple Interest Rate Formula: $\displaystyle A = P(1 + r)^t$

A is final amount
P is principle (initial) amount
r is rate
t is time (in years)

Step-by-step explanation:

<u>Step 1: Define</u>

P = 7200

r = 0.75% = 0.0075

t = 5

<u>Step 2: Solve for </u><em><u>A</u></em>

Substitute in variables [Simple Interest Rate Formula]: $\displaystyle A = 7200(1 + 0.0075)^5$
(Parenthesis) Add: $\displaystyle A = 7200(1.0075)^5$
Evaluate exponents: $\displaystyle A = 7200(1.03807)$
Multiply: $\displaystyle A = 7474.08$

7 0

3 years ago

What is 1/5 of 35 ?<br> HELPPPPPPPPPPPPPPPPPPP MEEEEEEEEEEEEEEEEEEEEEEEEEE

Gre4nikov [31]

The answer to this is $

3 0

2 years ago

Read 2 more answers

Simplify the expression. Show your work.<br><br><img src="https://tex.z-dn.net/?f=-3%284a-5b%29" id="TexFormula1" title="-3(4a-5

neonofarm [45]

Step-by-step explanation:

-3 (4a-5b)

=-3×4a -(-3×5b)

=-12a+15b

5 0

3 years ago

Find the value of the expression 4d divided by c +3 when c=3 and d = 6

Sav [38]

$\text{Given that, c=3, d=6}\\\\\dfrac{4d}{c+3} = \dfrac{4(6)}{3+3} = \dfrac{4(6)}6 = 4$

5 0

2 years ago

Read 2 more answers

Given the points X(-9, 2) and Y(5, -4), find the length of XYXY. Round to the nearest hundredth.

IRINA_888 [86]

Answer:

15.23

Step-by-step explanation:

the length of XY =√(5+9)²+(-4-2)²

=√14²+(-6)²

=√196+36

=√232

= 15.23

7 0

3 years ago

Read 2 more answers