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
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Answer:
Answer:
C. 5
Step-by-step explanation:
3x – 7 > – 1
Add 7 to each side
3x – 7+7 > – 1+7
3x> 6
Divide each side by 3
3x/3 >6/3
x >2
X must be greater than 2
Step-by-step explanation:
igoroleshko156
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Answer:
Step-by-step explanation:
Step 1: Subtract 7 from both sides
Step 2: Divide both sides by -3
Since you divided by a negative, you must flip the sign.
Answer: x<2
19
Step-by-step explanation:
when we add 9 and 10 we will get sum 19
Answer:
1:1.25 2: 1.5 3: clusterd around
Step-by-step explanation:
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