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DerKrebs [107]
3 years ago
12

You have $550 in a savings account that earns 3% simple interest each yaer. How much will be in your account in 10 years?

Mathematics
1 answer:
bija089 [108]3 years ago
4 0
Looking at the given question, we can find several important information's and based on thm we can easily calculate the amount after 10 years.
Principal amount = $550
Rate of interest per year = 3%
Number of years the amount is to be kept = 10 years
Now we get put these information's in the formula of finding amount of money kepy in simple interest.
Amount = P(1 + rt)
Where
p = principal amount
r = rate of interest
t = Time
Then
Amount = 550[1 + (3/100) * 10)]
             = 550 [1 + 3/10]
             = 550 * (13/10)
             =  55 * 13
             = 715 dollars
So the total amount in my account will be $715
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3 years ago
The perimeter of the rectangle is 146 units. What is the length of the longer side?
NeTakaya

we know that

the perimeter of the rectangle is equal to

P=2W+2L

where

P is the perimeter of the rectangle

W is the width of the rectangle

L s the length of the rectangle

In this problem

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therefore

the answer is

the length of the longer side of the rectangle is equal to 45\ units

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