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Sedaia [141]
3 years ago
6

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

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What percent of 1.60 is 6
JulsSmile [24]
N% x 1.60 = 6   (I turned it from English to math)
Can't move n% back two places to make it a decimal so I will move the number I am multiplying by n% back two places instead.
Here is a sample to show you why it works.    .34 x 57 = 34 x .57

So
.016n = 6   (.016 is 1.60 decimal moved back two places)

Now divide both sides by .016
<u>.016</u>n   = <u>6
</u><u />.016     .016      n = 375%     

Why is the percent over 100% you might ask?

What % of 1.60 is 1.60  (Answer - all of it or 100%)
So What % of 1.60 is 6  - the number 6 being much bigger than 1.60, it is not surprising that the percent is more than 100.

What % of 1.60 is 1.60  - 100%
What %  of 1.60 is 3.20 - 200%   (notice that 3.20 is twice 1.60)
What % of 1.6 is 4.80   - 300%   (notice that 4.80 is three times 1.60)
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6 (the number in the problem) is just a bit less than 6.40  so 375% makes a lot a sense.
Hope you found this helpful. 

6 0
3 years ago
What is the equation of the line that passes through the points (15, 9) and (Negative 2, 9)? y =
Bad White [126]

\bf (\stackrel{x_1}{15}~,~\stackrel{y_1}{9})\qquad (\stackrel{x_2}{-2}~,~\stackrel{y_2}{9}) ~\hfill \stackrel{slope}{m}\implies \cfrac{\stackrel{rise} {\stackrel{y_2}{9}-\stackrel{y1}{9}}}{\underset{run} {\underset{x_2}{-2}-\underset{x_1}{15}}}\implies \cfrac{0}{-17}\implies 0 \\\\\\ \begin{array}{|c|ll} \cline{1-1} \textit{point-slope form}\\ \cline{1-1} \\ y-y_1=m(x-x_1) \\\\ \cline{1-1} \end{array}\implies y-\stackrel{y_1}{9}=\stackrel{m}{0}(x-\stackrel{x_1}{15})\implies y-9=0\implies y=9

3 0
3 years ago
Read 2 more answers
What is S - 1/3= 7/9
marta [7]

Answer:

s = 10/9

Step-by-step explanation:

1. add 1/3 to both -1/3 and 7/9

2. the answer will be 10/9

4 0
3 years ago
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