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2 years ago

Kristen invested $1,800 in an account paying 6.5% simple interest. After 5 years, what is the balance of her account?

Mathematics

1 answer:

alekssr [168]2 years ago

8 0

Answer: 2,385

Step-by-step explanation:

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How do you solve this y= 6x - 3 y= -3 i need to graph so if you can show how to graph it also

nalin [4]

Answer:

Step-by-step explanation:

y=6x-3

y=-3

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3 years ago

Read 2 more answers

Businesses deposit large sums of money into bank accountsImagine an account with $10 million dollars in it.

adoni [48]

again, let's assume daily compounding means 365 days per year.

$~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\dotfill & \$10000000\\ r=rate\to 2.12\%\to \frac{2.12}{100}\dotfill &0.0212\\ t=years\dotfill &1 \end{cases} \\\\\\ I = (10000000)(0.0212)(1)\implies \boxed{I=212000}$

$~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$10000000\\ r=rate\to 2.12\%\to \frac{2.12}{100}\dotfill &0.0212\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{daily, thus 365} \end{array}\dotfill &365\\ t=years\dotfill &1 \end{cases}$

$A=10000000\left(1+\frac{0.0212}{365}\right)^{365\cdot 1}\implies A\approx 10214256.88 \\\\\\ \underset{\textit{earned interest amount}}{10214256.88~~ - ~~10000000 ~~ \approx ~~ \boxed{214256.88}}$

what's their difference? well

$\stackrel{\textit{compounded daily}}{\approx 214256.88}~~ - ~~\stackrel{\textit{simple interest}}{212000}\implies \boxed{2256.88}$

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1 year ago

I need the steps too

Musya8 [376]

Answer:

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Step-by-step explanation:

7(3x-1)-(x+5)

21x-7-x+5

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2 years ago

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Ira Lisetskai [31]

Answer:

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Step-by-step explanation:

Plug x (x value) into equation (outputs y value)

(x value, y value) which gives coordinates

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2 years ago

A stadium has 7,525 seats. What is the

Elena-2011 [213]

37,625 people would attend if 5 games were sold out.

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3 years ago