3 years ago

my yearly income is 18,000. My medical insurance premium is 230 a month. Is my medical premium 9.66% less then yearly income?

Mathematics

1 answer:

JulijaS [17]3 years ago

7 0

NO.....9.66% less than $18,000 is $16,261.20
230×12= $2,760

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Please Help!

JulijaS [17]

Answer: $8865=6000(1+\frac{5\times t}{100})$

Step-by-step explanation:

Given

Liam deposited $P=\$\ 6000$

Rate of interest is $R=5\ \%$

If the amount after t years is $A=\$\ 8865$

Simple interest is given by

$S.I.=\dfrac{P\times R\times t}{100}$

And amount is

$A=P+S.I.$

$A=P(1+\frac{R\times t}{100})$

Substituting values we get

$8865=6000(1+\frac{5\times t}{100})$

$1.4775=1+\frac{5\times t}{100}$

$0.4775\frac{5\times t}{100}$

$5t=47.75$

$t=\frac{47.75}{5}=9.55\ years$

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