Ask question

Ask question

All categories

3 years ago

14

Use the simple interest formula to find the ending balance.

1 answer:

AlexFokin [52]3 years ago

7 0

Answer:

$5,875

Step-by-step explanation:

Interest = Principal x Time x Interest Rate

Interest = $5000 x 3.5 x 0.05

Interest = $875

Total Balance will be

$5000 + $875

= $5,875

in 3.5 years

You might be interested in

Write the equation in standard form using integers y=3x + 5

strojnjashka [21]

Answer:

Put the equation into standard form

Ax+By=C

subtract 3x to the left

answer:

-3x+y=5

Ax+By=C

Step-by-step explanation:

4 0

2 years ago

Which of the following is the slope of the line<br> A. -3<br> B. 1/3<br> C. -1/3<br> D. 3

Crazy boy [7]

A

Ask if explanation needed :)

6 0

2 years ago

The population of a town is increasing at a rate of 6.2% per year. The city council believes they will have to add another eleme

kow [346]

Answer:

The correct solution is "4.6".

Step-by-step explanation:

Given:

Interest rate,

r = 6.2%

or,

= 0.062

Amount,

A = 100000

Principle,

P = 76000

As we know,

⇒ $A=P(1+\frac{r}{100} )^n$

On substituting the values, we get

⇒ $100000=76000(1+\frac{6.2}{100} )^n$

⇒ $(1+0.062)^n=\frac{100}{76}$

On taking log both sides, we get

⇒ $n \ log_e(1.062)=log_e(\frac{100}{76} )$

⇒ $n=\frac{ln(\frac{100}{76} )}{ln(1.062)}$

By putting the values of log, we get

⇒ $=4.5622$

or,

⇒ $=4.6$

5 0

2 years ago

Can someone help me please

Andre45 [30]

Answer:

Is there a choice D in this because A, B and C are all incorrect answers

Step-by-step explanation:

6 0

2 years ago

Five plus five equals what??

pentagon [3]

Answer:

10

Step-by-step explanation:

3 0

2 years ago

Read 2 more answers