Answer:
50 years
Step-by-step explanation:
Given data
Principal= $500
Rate= 6%
Amount = $2000
The simple interest expression is given as
A=P(1+rt)
Substitute
2000= 500(1+0.06*t)
open bracket
2000=500+ 30t
2000-500=30t
1500=30t
t= 1500/30
t= 50 years
Hence the time is 50 years
-3.05 + -9.8 = -12.85
Hope this helps you! Happy Thanksgiving, here's a turkey!
Answer:
No
Step-by-step explanation:
You want to calculate the interest on $550 at 2.1% interest per year after 4 years.
The formula we'll use for this is the simple interest formula, or:
I = P x r x t
P is the principal amount, $550.00.
r is the interest rate, 2.1% per year, or in decimal form, 2.1/100=0.021.
t is the time involved, 4 years.
So, t is 4 year time periods.
To find the simple interest, we multiply 550 × 0.021 × 4 to get that:
The interest is: $46.20
Answer:
4/5
Step-by-step explanation:
Y=MX+B
