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Butoxors [25]
2 years ago
14

Monty invested 8600 in a savings account with a yearly interest rate of 5% for 12 years how much simple interest did he earn

Mathematics
2 answers:
prohojiy [21]2 years ago
6 0

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: I=PRT

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,

I=8600\times 0.05\times 5

I=5160

Hence, The simple interest in 12 years is $5,160

docker41 [41]2 years ago
4 0
I=prt
I=8,600×0.05×12
I=5,160
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The equation which shows the situation are 8g + 6h = 62 and 5g + 10h = 70.

<h3>What is an expression?</h3>

Expression in maths is defined as the collection of the numbers variables and functions by using signs like addition, subtraction, multiplication and division.

Given that:-

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The equation made by the given situation is:-

For kyle, there are g students attending 8 classes sp total number of students will be 8g similarly for h students there are 6 classes so the total number of h students will be 6h. The total number of students for both g and h students attending kyle's class is 62. So the equation will be given as:-

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Now for Lauren, there are g students attending 5 classes so the total number of students will be 5g similarly for h students there are 10 classes so the total number of h students will be 10h. The total number of students for both g and h students attending Lauren's class is 70. So the equation will be given as:-

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You'll see it a whole lot easier if you make a substitution so that it looks like something you have already seen

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