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erma4kov [3.2K]
3 years ago
7

You earn $10.00/hour. You invest $4,000.00 at an interest rate of 5% APR for a year. How much interest did that savings earn in

a year in terms of hours of work?
Mathematics
1 answer:
JulsSmile [24]3 years ago
7 0

Answer:

ok s in one year you get 200 dollars at a 5% interest rate. ok so you worked 400 hours to get 4000 dollars to start

then at the year your interest rate gave you 20 hours more of work for free no  labor so at the end of one year 4200 in the bank

Step-by-step explanation:

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Softa [21]

Answer:

$73.60

$345

simple interest = amount deposited x time x interest rate

600 + (600 x 0.055 x 5) = $765

600 + (600 x 0.055 x 5) > $2000

$765  $2000

He would not have $2000 in 5 years

Step-by-step explanation:

Total cost of items purchased = $75 + (2 x $8.50) = 92

If there is a 20% discount, he would pay (100 - 20%) 80% of the total cost =

0.8 x $92 = $73.60

commission earned = percentage commission x amount of sales

10% x $3450

= 0.1 x 3450 = 345

Amount he would have in his account = amount deposited + simple interest

simple interest = amount deposited x time x interest rate

600 x 0.055 x 5 = $165

Amount in his account in 5 years = $165 + 600 = $765

He would have less than $2000 in his account. he would have $765

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Answer:

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Step-by-step explanation:

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HEE 1 15. Mary decides to take out a $4,000 student loan this year. If she will pay 10% interest compounded annually, how much w
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Answer: 5,600

Explanation: By multiplying 0.10 (4,000) to find the interest for one year, you get 400. Because she is using this loan for 4 years you multiply that one year interest by 4. 400 times 4 is 1600. Then, you add that 1600 (which is the total interest for 4 years) to the loan, to get an answer of 5,600.
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