Answer:
a) $520
b) $580
c) Interest amount is same each year
Step-by-step explanation:
Given - Georgie put $500 in her savings account, earning interest at a rate of 4% each year. She did not make any more deposits or withdrawals.
To find - a) How much money was in the account after one year?
b) How much money was in the account after 4 years?
c) Was the amount of money earned in interest the same or different each year?
Proof -
Here given that,
Principal amount = $500
rate of interest = 4% = 4/100 = 0.04
Now,
a)
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(1)]
= 500 [ 1 + 0.04] = 520
⇒Amount = $520
b)
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(4)]
= 500 [ 1 + 0.16] = 580
⇒Amount = $580
c)
In 2nd year,
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(2)]
= 500 [ 1 + 0.08] = 540
⇒Amount = $540
Now,
Interest in 1st year = 520 - 500 = 20
Interest in 2nd year = 540 - 520 = 20
So,
The interest amount is same each year
Answer:
translate (x,y) (x-5,y+8)
A. is the correct one I did it on my test and got it right
Answer:
7/10
Step-by-step explanation:
To find the probability that a student is a liberal arts or female, we have to add together all of the people who were female or liberal arts majors in the study. If we add those together, (15 + 18 + 17 + 20) we get 70. 70/100 can be simplified to 7/10.
Answer:
The answer is -6 but its not in the option
Step-by-step explanation:
Let x = -5
[(-5)²-1]/(-5+1)
= (25-1)/(-4)
= 24/-4
= -6
