3 years ago

Tom opens a bank account and makes an initial deposit of $500. The banker tells Tom that he is going to receive

Mathematics

1 answer:

Katena32 [7]3 years ago

7 0

Bank balance after 15 years is $950

Step-by-step explanation:

Step 1: Find the simple interest on the principal amount using the formula SI = PRT/100 where Principal (P) = $500, Rate of Interest (R) = 6% and Time(T) = 15 years

⇒ SI = 500 × 6 × 15/100 = $450

Step 2: Find total amount using the formula Amount = P + SI

⇒ Amount = 500 + 450 = $950

You might be interested in

a right triangle has legs measuring 4.5 meters and 1.5 meters the lengths of the legs of a second triangle are proportional to t

MrRa [10]

One approach that might be a great help would be if you would look
at the choices ... those things at the bottom of the question that you
didn't give us.

-- One leg is 3 times the length of the other leg.

-- Any right triangle that has one leg three times as long as the other
leg is similar to this triangle.

I'll bet that if you look through the choices, you'll find one there.

8 0

3 years ago

Read 2 more answers

What is the degree of the polynomial below x^2+2x-3x^4+5+3x^2

jeyben [28]

The degree of this polynomial is 4!!!

6 0

3 years ago

WORTH 50 POINTS please help

Sophie [7]

Answer: not sure but I think the equation would be x=1 sorry

Step-by-step explanation: