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bezimeni [28]
3 years ago
13

mat deposited $2,000.00 in the bank. if the rate of simple interest was 10%, what was the amount of money mat had in the bank af

ter 5 years if he made no withdrawals
Mathematics
1 answer:
Mekhanik [1.2K]3 years ago
8 0
Principal amount of money deposited by Mat in the bank = $2000
Rate of simple interest given by the bank = 10%
Number of years for which the money is kept in the bank = 5 years
As no money was withdrawn from the account, so
Amount after 5 years = Principal [1 + (Rate * Time)]
                                  = 2000 [ 1 + (10/100) * 5]
                                  = 2000 [ 1 + (1/2)]
                                 = 2000 * (3/2)
                                 = 1000 * 3
                                 = 3000 dollars
So the amount of money made by Mat after 5 years will be $3000.00
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Carla pays $21.4 for the dress with tax.

Step-by-step explanation:

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4 0
3 years ago
The length of a rectangle is 5 cm longer than its width.
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Equation To write :2 {x+ ( x+5) }=30

Let's solve your equation step-by-step.

2(x+x+5)=30

Step 1: Simplify both sides of the equation.

2(x+x+5)=30

(2)(x)+(2)(x)+(2)(5)=30(Distribute)

2x+2x+10=30

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4x+10=30

4x+10=30

Step 2: Subtract 10 from both sides.

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4 0
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Step-by-step explanation:

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3 years ago
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