Answer:
a. $270
b. $3,278.18
Step-by-step explanation:
Given that
The principal amount is $3,000
Annual rate of interest is 3%
And, the time period is 3 years
We need to find out the simple interest & compound interest
The following formulas should be used
a. For simple interest
= Principal × rate of interest × time period
= $3,000 × 3% × 3 years
= $270
b. For compound interest
= Principal × (1 + rate of interest)^time period
= $3,000 × (1 + 0.03)3
= $3,000 × 1.03^3
= $3,278.18
Answer Bike trail
Step-by-step explanation:
Answer is C. By solving x-y=-5 to x=-5+y and converting 2x + y = -1 into 2x + x + 5 = -1 the answer becomes -2 =x. By plugging that into 2 (-2) + y = -1, the answer is y=3. So your answer is C
With the current 40 miles per hour
Against the current 30 miles per hour
bv means boat velocity with NO current
cv means current velocity
A) bv + cv = 40 mph
B) bv - cv = 30 mph
Adding both equations:
2bv = 70
boat velocity with NO CURRENT = 35 miles per hour
Using equationA
bv + cv = 40
35 + cv = 40
current velocity = 5 miles per hour
