Find the interest earned for $650 at 2% for 6 years

Mathematics

2 answers:

notsponge [240]3 years ago

8 0

Answer: $78.00

the answer is 78.00

blsea [12.9K]3 years ago

3 0

Answer:

I = $ 78.00

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 2%/100 = 0.02 per year,

then, solving our equation

I = 650 × 0.02 × 6 = 78

I = $ 78.00

The simple interest accumulated

on a principal of $ 650.00

at a rate of 2% per year

for 6 years is $ 78.00.

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What is the sum of the geometric series

lbvjy [14]

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Using summation notation, you have

$S=\displaystyle\sum_{x=1}^nar^{x-1}=\sum_{x=0}^{n-1}ar^x=a\dfrac{1-r^n}{1-r}$

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4 0

4 years ago

Read 2 more answers

Anita is years older than Basilio. Three times Anita's age added to six times Basilio's age is 36. 1. Define the variables 2. Cr

Scilla [17]

Answer :Anita's age = 7 years

Basilio's age = 2.5 years

Step 1. Assign variables to Anita's and Basilio's ages.

Anita's age = A

Basilio's age = B

Step 2. Use the information given to form two equations.

Anita is 4-1/2 years older than Basilio