Answer:
To obtain $ 100 in simple interest with a rate of 1.5%, Katie must deposit $ 6,666.66.
Step-by-step explanation:
Given that Katie wants to know how much she needs to deposit into a two year CD account in order to earn $ 100 in simple interest, knowing that the account currently has a 1.5% interest rate, the following calculation must be performed:
X x 0.015 = 100
X = 100 / 0.015
X = 6,666.66
6,666.66 x 1.015 = 6,766.66
Thus, to obtain $ 100 in simple interest with a rate of 1.5%, Katie must deposit $ 6,666.66.
Answer:
x=-2
y=14
Step-by-step explanation:
-7x=4x+22
-11x=22
x=-2
y=-7(-2)
y=14
AA = $1
AAA= $0.75
AA + AAA = 42
$1AA + $0.75AAA= $37
AA + AAA = 42
AA + AAA-AAA= 42- AAA
AA = 42- AAA
$1(42- AAA) + $0.75AAA= $37
$42 - AAA +0.75AAA = $37
$42 -0.25AAA= $37
$42-$42 -0.25AAA= $37 -$42
-0.25AAA= -5
-0.25AAA/-0.25 = -5/-0.25
AAA= 20
AA + AAA= 42
AA + 20 = 42
AA +20 -20 = 42-20
AA= 22
Check
$1AA + $0.75AAA= $37
$1(22)+ $0.75(20)= $37
$22 + $15 =$37
$37 = $37
-1 is your answer.........
