The ending balance in the account is $18,937.5
Step-by-step explanation:
Simple Interest Equation (Principal + Interest) is A = P(1 + rt), where:
- A is the future value of the investment/loan, including interest
- P is the principal investment amount
- r is the annual interest rate in decimal)
- t is the time the money is invested or borrowed for
Dylan deposited 15,000 in an account that pays 7.50% simple interest for 3.5 years. We need to find the ending balance in the account
∵ Dylan deposited 15,000 in an account
∴ P = 15,000
∵ The account pays 7.5% simple interest for 3.5 years
∴ r = 7.5% = 7.5 ÷ 100 = 0.075
∴ t = 3.5
- Substitute all of these values in the rule above
∴ A = 15,000(1 + 0.075 × 3.5)
∴ A = 15,000(1 + 0.2625)
∴ A = 15,000(1.2625)
∴ A = 18,937.5
The ending balance in the account is $18,937.5
Learn more:
You can learn more about interest in brainly.com/question/11149751
#LearnwithBrainly
Answer:
(6, -4) does not fit with these two equations
Step-by-step explanation:
y = 8 - 2x
x + 3y = 12
fit (6, -4) into the equations
-4 = 8 - 2(6)
8 - 2(6) = 8 - 12 = -4
works for this one
6 + 3(-4) = 12
6 + 3(-4) = 6 - 12 = -6
doesnt work for this one
Answer:
6 less a number y can be represented by the expression 6 - y
Answer:
#2 and #4
Step-by-step explanation:
Answer:
15 + 5i
Step-by-step explanation:
