Answer:
The amount of interest earned for the year is $37.7
Step-by-step explanation:
The formula for simple interest is expressed as
I = PRT/100
Where
P represents principal or amount invested.
T represents the time
R represents the interest rate
I represents the interest
From the information given,
You want to put $580 into a saving account for 1 year. This means that
P = $580 and
T = 1 year
R = 6 1/2 = 6.5%
I = (580× 6.5×1)/100 = $37.7
Answer:
−
20
−
24
x
Step-by-step explanation:
simplify
Maybe 5 multiplying or adding the value of d subtracting 10 equals
Answer:
As the principal, interest rate, and compound periods increase, so does the future value of an investment. It doesn't matter if you are just putting some money into short-term, low rate savings accounts or CDs or long-term, higher return investments, compound interest will work for your benefit if you allow it.
Step-by-step explanation:
#LetsStudy
Answer:
Area of ΔDEF = 12 in²
Step-by-step explanation:
Since they are similar, we have to find the scale factor
Scale Factor = 
Scale Factor = 4/2
Scale Factor = 2
<u><em>This means The area of ΔABC is 2 times the area of ΔDEF</em></u>
So,
ΔABC = 2(ΔDEF)
Where Area of ΔABC = 24 in²
24 = 2(ΔDEF)
Dividing both sides by 2
=> Area of ΔDEF = 12 in²
