How much interest will be earned in 3 years from $730 placed in savings account at 6.5% simple interest

Mathematics

1 answer:

kenny6666 [7]3 years ago

4 0

Answer:

142.35

Step-by-step explanation:

A=p(1+rt)

First, converting R percent to r a decimal

r = R/100 = 6.5%/100 = 0.065 per year.

Solving our equation:

A = 730(1 + (0.065 × 3)) = 872.35

A = $872.35

The total amount accrued, principal plus interest, from simple interest on a principal of $730.00 at a rate of 6.5% per year for 3 years is $872.35.

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${\huge \underline{{ \fbox \color{red}{A}}{\fbox \color{green}{n}}{\fbox \color{purple}{s}}{\fbox \color{brown}{w}}{\fbox \color{yellow}{e}}{\fbox \color{gray}{r } }}}$

$\: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \bf \red{ \dfrac{1}{2} + \dfrac{1}{4} = \dfrac{3}{4} }$

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The only thing you have to do is add the numerator to the denominator, in this case you have to add the first ones from the front, which can be these 2+1/4, which would result in 3/4, and this is called the Commutative Property.

$\: \: \: \: \: \: \: \: \: \: \: \: \: \: \boxed{ \bf \gray{ \dfrac{1}{2} + \dfrac{1}{4} = \dfrac{1}{4} + \dfrac{1}{2} }}$

$\: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \boxed{ \bf \green{\dfrac{2 + 1}{4} = \dfrac{1 + 2}{4} }}$

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¿What is commutative property?

It is to change different ways in order of the addends the result would be the same.

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$\: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \boxed {\bf \blue{\dfrac{a}{b} + \dfrac{c}{d}} = {\dfrac{c}{d} + \dfrac{a}{b}} }$