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Vladimir [108]
2 years ago
14

We invest $3500 in an account that pays simple interest of 4% each year. How much interest is earned after 10 years?

Mathematics
1 answer:
krok68 [10]2 years ago
5 0

Answer:

$1400

Step-by-step explanation:

Take $3500 and multiply by 4% (0.4) and then get the product of 140 then multiply by 10 for the years and get $1400. Hope this answer helped!

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Answer:

13/3

Step-by-step explanation:

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3 years ago
What is the opposite of -3.4
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Answer:

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So, we multiply her amount (10,000) by the interest rate (.1) and by the amount of years (5).

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This is how much she has gained from said interest. Adding this to 10,000 gives us 15,000, which is the amount she will have.


Another way to do this would be to make a chart/table:

Start: 10,000
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2. 12,000
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5. 15,000

And thus, we get the same answer.
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