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lara31 [8.8K]
3 years ago
15

Mr. Jones has $410,000 in a retirement account that earns 3.85% simple interest each year. Find the amount of interest earned by

this investment if it is in there for 5 years. *
Mathematics
1 answer:
Airida [17]3 years ago
5 0

Answer:

Amount of interest earned = $78,925

Step-by-step explanation:

Given:

Amount deposit = $410,000

Rate of interest = 3.85% = 0.0385

Number of year = 5 year

Find:

Amount of interest earned

Computation:

Using simple interest formula

Amount of interest earned = Amount deposit x Rate of interest  x Number of year

Amount of interest earned = 410,000 x 0.0385 x 5

Amount of interest earned = $78,925

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A chemical factory has 2 cylindrical chemical tanks, one containing Chemical X and the other containing Chemical Y. The tank con
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The tank with Chemical X "takes up" a space of 25ft³.  Ordinarily we think of something "taking up" space as being area or surface area; however, area is a square measurement, and this is cubic; this must be volume.  The volume of the tank with Chemical X is 1.5 times the volume of the tank containing Chemical Y; setting this up in an equation we would have
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To find the volume of a cylinder, we find the base area and multiply by the height.  We know the volume and we know the base area, so our equation to find the height of the tank containing Chemical Y would look like:
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