Answer:
Simple Interest: A = P(1+rt)
Step-by-step explanation:
P: the principal, the amount invested
A: the new balance
t: the time
r: the rate, (in decimal form)
Ex1: If $1000 is invested now with a simple interest of 8% per year. Find the new amount after two years.
P = $1000, t = 2 years, r = 0.08.
A = 1000(1+0.08(2)) = 1000(1.16) = 1160
Answer:
Step-by-step explanation:
Use the basic simple interest formula:
P * r * t = I and put the info into a table with those variables along the top, formig the columns we need:
P * r * t = I
Acct 1
Acct 2
If we have a total of 1500 to split up between 2 accounts, we put x amount of money into one and then have 1500-x left to put into the other. We will fill those in along with the interest rates in decimal form and the time of 1 year:
P * r * t = I
Acct 1 x .04 1
Acct 2 1500-x .05 1
Looking at the formula we are told that Prt = I, so we will multiply P times r times t and fill in the I column:
P * r * t - I
Acct 1 x .04 1 .04x
Acct 2 1500-x .05 1 .05(1500-x)
The total Interest earned by the addition of the interest earned from both accounts is 69.50. So we add the interest column together and set it equal to 69.50:
.04x + .05(1500 - x) = 69.50 and
.04x + 75 - .05x = 69.50 and
-.01x = -5.5 so
x = 550
That's how much money is in the account earning 4% interest.
Answer:120
Step-by-step explanation:
calculate the sum of the negetive numbers 3x-40
=120
Answer:
2/5 with an exponent of 3 is 8/125 or 0.064
Step-by-step explanation:
Given:
A fraction = 2/5
Exponent = 3
To find the value of the fraction using the exponent.
We know that :
⇒ 
The exponents is the number of times a number is multiplied.
So,
⇒ 
⇒ 
⇒ 
On further division the number can be written as 0.064
