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Ne4ueva [31]
2 years ago
7

Sean used the $1,200 he got from his graduation party to open a savings account. If the account earns 1% interest each month and

he makes no additional deposits, how much money will be in the account in 5 years?
Mathematics
1 answer:
Greeley [361]2 years ago
6 0

Answer:

\$1,920

Step-by-step explanation:

we know that

The simple interest formula is equal to

A=P(1+rt)

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest  

t is Number of Time Periods

in this problem we have

t=5*12=60\ months\\ P=\$1,200\\r=0.01

substitute in the formula above

A=\$1,200(1+0.01*60)

A=\$1,200(1.6)=\$1,920

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Help. Please. Thanks.
Musya8 [376]
950 * .05 = $47.5
550 * .04 = $22

$47.5 + $22 = $69.50 interest earned

answer: amount in 4% account = $550
6 0
2 years ago
Ashley uses 1/2 cup of melted butter to spread equally on 12 slices of toast. How much melted butter is on each slice of toast?
Sholpan [36]

Answer: 1/24

Step-by-step explanation:

1/2 divided by 12

3 0
3 years ago
What is the radius of a circle whose equation is x 72 y 102 4
almond37 [142]

The circle of the given radius with equation (x-7)²+(y-10)²=4 is 2 units.

<h3>What do we mean by circles?</h3>

A circle is, in the simplest terms, a circular shape without edges or lines.

Its geometric form is that of a closed curve.

If you track a moving point in a plane while keeping a fixed distance from another point, a circle will have a closed shape.

The English word "circle" derives from the Greek word "kirks," which means "hoop" or "ring."

So, the equation for a circle in its standard form is:

(x - h)² + (y - k)² = r²

Where the radius is r and the centroid is (h, k).

The equation is: (x - 7)² + (y - 10)² = 4

This is rewritten as:

(x - 7)² + (y - 10)² = 2²

When compared to the typical form:

(h, k) = (7, 10)

The circle's radius is 2.

Therefore, the circle of the given radius with equation (x-7)²+(y-10)²=4 is 2 units.

Know more about circles here:

brainly.com/question/24375372

#SPJ4

Correct question:
What is the radius of a circle whose equation is (x-7)²+(y-10)²=4?

8 0
1 year ago
Ashot borrowed $225, and paid $108 as an interest of eight years. What was the annual interest rate?
Helga [31]

Answer:

6%

Step-by-step explanation:

I asked this same exact question, no one got the right answer, so I just guessed, and what do you know, I got the answer right! So here you go.

7 0
3 years ago
Read 2 more answers
A car traveld 32 miles in 4 hours at this rate how many miles will the car travel in 0.5 hours
Mandarinka [93]

Answer:

4 miles

Step-by-step explanation:

In order to find how many miles the car will travel in 0.5 hours, we can set up a proportion.

\frac{32}{4} = \frac{x}{0.5}

We can now cross multiply to find the value of x.

32 \cdot 0.5 = 16\\\\16\div4 = 4

So the car can travel 4 miles in 0.5 hours.

Hope this helped!

5 0
3 years ago
Read 2 more answers
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