Answer:
a) Interest earned = $36
New Balance = $336
b) Interest rate = 0.05 or 5%
New Balance = $517.5
c) time t = 5
New Balance = $612.5
d) Principal Amount = $675
New Balance = $783
Step-by-step explanation:
We are given:
a) Principal (P) = $300
Rate (r) = 3% or 0.03
Time (t)= 4 years
Interest earned = ?
The formula used is:
Putting values and finding interest
So, Interest earned = $36
New Balance = Principal + Interest = 300+36 = $336
b) a) Principal (P) = $300
Rate (r) = ?
Time (t)= 3 years
Interest earned = 67.50
The formula used is:
Putting values and finding rate
So, Interest rate = 0.05 or 5%
New Balance = Principal + Interest = 450+67.50 = $517.5
c) Principal (P) = $500
Rate (r) = 4.5% or 0.045
Time (t)= ?
Interest earned = $112.50
The formula used is:
Putting values and finding time
So, time t = 5
New Balance = Principal + Interest = 500+112.50 = $612.5
d) Principal (P) = ?
Rate (r) = 8% or 0.08
Time (t)= 2 years
Interest earned = 108.00
The formula used is:
Putting values and finding Principal
So, Principal Amount = $675
New Balance = Principal + Interest = 675+108 = $783
Answer:
Step-by-step explanation:
5x + 3 = 23 x=4
5. 4 = 3a – 14 a=6
6. 2y + 5 = 19 y=7
Answer:
12% increase
Step-by-step explanation:
Divide the difference between the two prices by the original price:
1.05/8.95
= 0.12
So, the percent change is 12%
Answer:
Step-by-step explanation:
Answer:
Step-by-step explanation:
2/3 cup is 1/4 of recipe to total, then X would be 4/4 of the recipe.
2/3 X
------ = --------
1/4 1
Cross multiply and you get x/4 = 2/3, simplfy to 3x=8, divide by 3 and you get 8/3 of a cup for the whole recipe. 8/3 is the same as 2 and 2/3 cup