Answer:
<em>Mrs. Adams will earn $3,120 of interest at the end of year 8.</em>
Step-by-step explanation:
<u>Simple Interest</u>
In simple interest, the money earns interest at a fixed rate, assuming no new money is coming in or out of the account.
We can calculate the interests earned by an investment of value A in a period of time t, at an interest rate r with the formula:
Mrs. Adams deposited an amount of A=$12,000 into an account that earns an annual simple interest rate of r=3.25%. We must find the interest earned in t=8 years. The interest rate is converted to decimal as:
The interest is then calculated:
Mrs. Adams will earn $3,120 of interest at the end of year 8.
Answer:
35
Step-by-step explanation:
just trust me its the total
Step-by-step explanation:
to find a common denominator, you have to find a number that "works" with every other number.
for example, say you have
2/4 and 8/12
First you need to find the common factor between 4 and 12, so list all your fours
4, 8, 12, 16, 20
Now list all your twelves
12, 24, 36, 48, 60
to find the common factor you look at both your list of numbers and find one that's the same, sometimes it takes a long list of numbers to find the common factor, but you will run into one.
So by looking at our list we see that 4 and 12 share the common factor of 12. but since 8/12 already has a denominator of 12, we are going to leave it alone.
now think about what you would multiply 4 by, to get to 12. The answer is
4 x 3 = 12
to make the numerator correct, you multiply it by the same number you did 4, so since your faction is 2/4 you should do 2 x 3 = 6
now you have your answer,
2/4 and 8/12 turns into
6/12 and 8/12
and that's how you find it, let me know if you have questions :)
