Hmmm, as I read it, in year 1, but it doesn't say at the beginning of the year or end, so we'll be assuming is at the beginning of year 1, the amount is 850, how much will it be at the beginning of year 6? namely, 5 years later.
![\bf ~~~~~~ \textit{Simple Interest Earned Amount}\\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to& \$850\\ r=rate\to 8\%\to \frac{8}{100}\to &0.08\\ t=years\to &5 \end{cases} \\\\\\ A=850[1+0.08(5)]\implies A=850(1.4)](https://tex.z-dn.net/?f=%5Cbf%20~~~~~~%20%5Ctextit%7BSimple%20Interest%20Earned%20Amount%7D%5C%5C%5C%5C%0AA%3DP%281%2Brt%29%5Cqquad%20%0A%5Cbegin%7Bcases%7D%0AA%3D%5Ctextit%7Baccumulated%20amount%7D%5C%5C%0AP%3D%5Ctextit%7Boriginal%20amount%20deposited%7D%5Cto%26%20%5C%24850%5C%5C%0Ar%3Drate%5Cto%208%5C%25%5Cto%20%5Cfrac%7B8%7D%7B100%7D%5Cto%20%260.08%5C%5C%0At%3Dyears%5Cto%20%265%0A%5Cend%7Bcases%7D%0A%5C%5C%5C%5C%5C%5C%0AA%3D850%5B1%2B0.08%285%29%5D%5Cimplies%20A%3D850%281.4%29)
PLEASE HELP!!!!!!!!!!!!
1 answer:
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Step-by-step explanation:
Let there be x blue ribbons
= 4.5 pounds
Answer: 4.5 lbs