Monty invested 8600 in a savings account with a yearly interest rate of 5% for 12 years how much simple interest did he earn
2 answers:
Answer:
Simple interest = $5,160
Step-by-step explanation:
Given: Monty invested 8600 in a savings account with a yearly interest rate of 5% for 12 years.
Formula:
where, P is principle (P=8600)
R is rate of interest (R=0.05)
T is time period (T=5)
I is simple interest (I=?)
Therefore,
Hence, The simple interest in 12 years is $5,160
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Answer:
A.
Step-by-step explanation:
Given,
The initial sprinting of Freya = 200 yards,
Also, She gradually increases her distance by 5 yards per day,
So, in second day her sprinting = 200 + 5 = 205 yards,
In third day = 205 + 5 = 210 yards,
In fourth day = 210 + 5 = 215 yards,
...................., so on,.....
Hence, the sequence that shows the given situation,
200, 205, 210, 215, .........
Which is an A.P.
That having first term, a = 200,
Common difference, d = 5,
Thus, the explicit formula for the given situation is,
Option A is correct.