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chubhunter [2.5K]
2 years ago
13

I told you people that i would be sending out a series of problems todayy!!

Mathematics
1 answer:
qwelly [4]2 years ago
3 0
Each student would need to raise $27.56
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Steve opens a bank account with a simple annual interest rate of 5%. After four years, how much interest will Steve earn on an i
Marysya12 [62]

Steve will earn $160 interest after four years ⇒ 1st answer

Step-by-step explanation:

The formula of the simple interest is I = Prt, where

  • P is the initial deposit
  • r is the annual rate in decimal
  • t is the time of investment

∵ Steve opens a bank account with a simple annual interest rate of 5%

∴ r = 5% = 5 ÷ 100 = 0.05

∵ His initial deposit is $800

∵ He will put the money for four years

∴ t = 4

- Substitute all these values in the formula above

∵ I = 800(0.05)(4)

∴ I = 160

Steve will earn $160 interest after four years

Learn more:

You can learn more about the interest in brainly.com/question/13018049

#LearnwithBrainly

7 0
3 years ago
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How many times will 12 go into 6839
Nataly [62]

Answer:

56.916... reapeating

7 0
2 years ago
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Mr. Abaya goy P700,000 loan for the expansion of his business payable monthly in 4years. How much os the monthly amortization if
Vaselesa [24]

The monthly amortization is P23,511.63

<h2>Compound interest</h2>

The formula for calculating the compound interest is expressed as:

A = P(1+r/n)^t

whrere:

  • P is the principal = P700,000
  • r is the rate = 12% = 0.12
  • t is the time = 4 years
  • n = 12

Substitute the parameters

A = 700000(1+0.12/12)^{4(12)}\\&#10;A = 700,000(1.01)^{48}\\&#10;A =1,128,558.25

Calculate the monthly payment:

Monthly payment = \frac{1,128,558.25}{48} =23,511.63

Hence the monthly amortization is P23,511.63

Learn more on compound interest here: brainly.com/question/24924853

8 0
2 years ago
What is the surface area of a cylinder that is 5 centimeters high and has a diameter of 1.5 centimeters?
labwork [276]

Answer:

D is the answer.

6 0
3 years ago
Pls need this for today (geometry) all the info I have for the question
Nezavi [6.7K]

Answer:

Step-by-step explanation:

the triangles are similar, also is a right triangle

therefore

16/8=10/x

x=(8*10)/16=5

x=5

3 0
2 years ago
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