Answer:
$3456
Step-by-step explanation:
We are given;
- Money deposited (principle) as $2,700
- Rate of interest is 3.5%
- Time is 8 years
We are required to determine the amount that will remain after 8 years
- We first need to determine the interest earned after eight years using the simple interest formula.
Simple interest = (Principle × rate × interest periods) ÷ 100
Therefore;
Interest = ($2,700 × 3.5% × 8 yrs)÷ 100
= $756
Then determine the amount after 8 years
Amount = Principle + Interest
Therefore;
Amount = $2700 + $756
= $3,456
Therefore, the money in the account after 8 years is $3456
Answer:
Unurewhat you need but, the equation of this is: 0.5x+4
where x is week(s)
Answer: 5%
Step-by-step explanation:
We can first find how much the ribbon cost for 1m by setting an equation.
Let $y be the cost for 1m:
0.8y = 5.60
y = 5.60 ÷ 0.8
y = 7
Now that we know 1m of ribbon cost $7, we can proceed to find how much 3.25m ribbon cost by mutiplying the length with the cost:
7 x 3.25
=$22.75
Therefore the answer is $22.75.
Hope it helps!
Do distributive property first
4x + 8 = 28
move the 8 over
4x = 20
divide by 4
x = 5