Answer:
$720
Step-by-step explanation:
$20000 - 100%
$x. - 2.5%
x=(20000*2.5)/100=500
20000+500=$20500 in one year (Mark)
20000 - 100
x. - 6.1
x= (20000*6.1)/100 = 1220
20000+1220= $21220 (Walter)
21220-20500= $720 more (Walter will have after 1 year)
Answer:
40.90
Step-by-step explanation:
I do not know what pen is but if it is dollars then....
Answer:
5.04
Step-by-step explanation:
1 can equals to 336 grams
so 15 cans will equal to 336 X 15
which is 5040grams
now covert it into kg by dividing it by 1000
which 5.04
He is incorrect because he multiplied the bases.
Answer:
#a. $80
#b. $1680
Step-by-step explanation:
We are given;
- Amount invested (principal) is $1600
- Rate of interest is 5%
- Time = 1 year
We are required to determine the amount of simple interest earned and the amount or balance in the account after 1 year.
#a. Interest earned
To calculate simple interest we use the formula;
I = (PRT) ÷ 100
Where, P is the principal, R is the rate, T is the time and I is the simple interest.
Therefore;
I = (1600 × 5 × 1) ÷ 100
= $80
Therefore, simple interest earned is $80
#b. Balance of the account (Amount accrued)
We are going to use the formula;
A = P + I , where A is the amount accrued, P is the principal and I is the simple interest earned.
Therefore;
Account balance = $1600 + $80
= $1680
Thus, the account balance after 1 year will be $1680
