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marissa [1.9K]
2 years ago
8

tucker invested $3500 at 2% interest compounded annually. how much interest will he earn in 3 years? a. $70.00 b. $210.00 c. $21

4.23 d. $3714.23
Mathematics
2 answers:
Ierofanga [76]2 years ago
7 0
The answer is 214,23 dollars. (1,02^3 * 3500)-3500 = 214,23
Gemiola [76]2 years ago
3 0
Amount from compound interest , A = P(1 + r)ⁿ

P = Principal, r = rate per year,  n = number of years.  P = 3500, r = 2% = 0.02,
n = 3 years

A =  3500(1 + 0.02)³

A = 3500(1.02)³      Use a calculator

A = 3714.228

Compound Interest = 3714.228 - 3500 = 214.228 ≈ 214.23

Compound Interest ≈ $214.23
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A car is traveling at a speed of miles per hour. What is the car's speed in kilometers per hour? How many kilometers will the ca
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Complete Question:

As you may have intentionally forgotten to mention the important data elements in your question like at what rate a car is travelling and number of hours car will travel in required number of miles etc. After a little research it seems I have found the complete question you were supposed to write. Hence, I am answering based on this complete question, but anyways, it would certainly improve your concept. Here is the complete question:

<em>A car is traveling at a rate of 60 kilometers per hour. What is the car's rate in miles per hour? How many miles will the car travel in 4 hours? In your computations, assume that 1 mile is equal to 1.6 kilometers. Do not round your answers.</em>

<em>Answer:</em>

The car will travel 37.5 miles in one hour.

The car travel 150 miles in 4 hours.

<em>Fetching data from Question:</em>

The rate at which car is traveling: 60 kilometers per hour

one mile = 1.6 km

<em>a) How many miles a car will travel in one hour?</em>

<em>b) How many miles will the car travel in 4 hours?</em>

<em>Calculation:</em>

<em>a) How many miles a car will travel in one hour?</em>

As one mile is equal to 1.6 km.

The rate at which car is traveling: 60 kilometers per hour

So, just divide 60 with 1.6 to get in miles

                      i.e. 60/1.6 = 37.5 miles per hour  

So, the car will travel 37.5 miles in one hour.

<em>b) How many miles will the car travel in 4 hours?</em>

As the car will travel 4 hours.

And car travels 37.5 miles in one hour

So, just multiply the number of hours i.e. 4 with the miles in one hour (speed) i.e. 37.5 to calculate the distance in 4 hours. So,

                                 The distance =  speed × time

                                                        =  37.5  × 4

                                                        =  150 miles

So, the car travel 150 miles in 4 hours.

<em />

<em>Keywords: distance, speed, kilometers, miles</em>

<em> learn more about distance travel and speed from brainly.com/question/12580265 </em>

<em> #learnwithBrainly</em>

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