Answer:
#a. $80
#b. $1680
Step-by-step explanation:
We are given;
- Amount invested (principal) is $1600
- Rate of interest is 5%
- Time = 1 year
We are required to determine the amount of simple interest earned and the amount or balance in the account after 1 year.
#a. Interest earned
To calculate simple interest we use the formula;
I = (PRT) ÷ 100
Where, P is the principal, R is the rate, T is the time and I is the simple interest.
Therefore;
I = (1600 × 5 × 1) ÷ 100
= $80
Therefore, simple interest earned is $80
#b. Balance of the account (Amount accrued)
We are going to use the formula;
A = P + I , where A is the amount accrued, P is the principal and I is the simple interest earned.
Therefore;
Account balance = $1600 + $80
= $1680
Thus, the account balance after 1 year will be $1680
There something you ain’t giving us in this equation
Well if you have three and add negative 3 it equals 0
They have the same value even though their numerator and denominator are different. For example, 8/16 and 1/2 are equivalent fractions which both represent 0.5.
Answer:
Forth term of the sequence is 61
Step-by-step explanation:
Let's just go from a1 to a4:
a1 = 5
a2 = 2x5+3 = 13
a3 = 2x13+3 = 29
a4 = 2x29+3 = 61
