Answer: $4,365.10
Step-by-step explanation:
Ok, we know that:
The account starts with $2350
There is a simple interest of 3.75% (or 0.035).
Then after one year, the amount in the account will increase by 3.75%, this means that the amount will be:
$2350 + 0.035*$2350 = (1.035)*$2350.
After another year, we have the same increase (but applied to the new amount in the account):
(1.035)*$2350 + 0.035*(1.035)*$2350. = (1.035)^2*$2350
And so on.
You already can see the pattern here, the amount of money in the saving account after N years will be:
M(N) = $2350*(1.035)^N.
Now we can answer:
what is the balance of the account if it earns a simple interest of 3.75% for 18 years?
Just replace N by 18 in that equation:
M(18) = $2350*(1.035)^18 = $4,365.10
Shiela is 0.61 meters taller than her son.
Answer: No. Kyle will arrive late
Step-by-step explanation:
The only speed limit is 50 miles per hour.
Kyle must cover 130 miles.
His travel time = 130/50 = 2.6
2 hours + (0.6 of 60 minutes )
2 hours + (36 minutes)
i.e kyle needs 2hours 36 minutes to cover 130 miles
And since the baseball starts in 2 hours, kyle will be late. Thus, the answer is No
