A bank is offering 3.5% simple interest on a savings account. If you deposit

Mathematics

1 answer:

arsen [322]3 years ago

5 0

Answer: $525

Step-by-step explanation:

The formula for Simple interest is calculated as PRT where

P = Principal = $7500

R = Rate = 3.5%

T = Time = 2 years

Interest = PRT

= 7500 × 3.5% × 2

= 7500 × 0.035 × 2

= $525

You might be interested in

Point P is located at (−2, 7), and point R is located at (1, 0). Find the y value for the point Q that is located two thirds the

Sladkaya [172]

7 + (0-7) * 2/3 = 7 - 14/3 = (21 - 14) / 3 = 7/3 = 2.3

5 0

3 years ago

Karen is seven years older than suzanne.Four years ago,karen was twice as old as suzanne was.How are they now?

EleoNora [17]

$K-Karen\ age\\S-Suzanne\ age\\K-4-Karen\ age\ 4\ years\ ago\\S-4-Suzanne\ age\ 4\ years\ ago\\\\ \left\{\begin{array}{ccc}K=S+7\\K-4=2(S-4)\end{array}\right\\\left\{\begin{array}{ccc}K=S+7&(1)\\K-4=2S-8&(2)\end{array}\right\\\\subtitute\ (1)\ to\ (2):\\\\(S+7)-4=2S-8\\S+7-4=2S-8\\S+3=2S-8\ \ \ \ |subtract\ 3\ from\ both\ sides\\S=2S-11\ \ \ |subtract\ 2S\ from\ both\ sides\\-S=-11\\\boxed{S=11}$

$Put\ the\ value\ of\ S\ to\ (1):\\\\K=11+7\\\boxed{K=18}\\\\\left\{\begin{array}{ccc}K=18\\S=11\end{array}\right\\\\Answer:\ Karen\ does\ 18\ years\ and\ Susanne\ does\ 11\ years.$

3 0

3 years ago

Read 2 more answers

Alma was given some money as a gift and deposited it into a savings account. She makes a withdrawal of the same amount at the en

Kryger [21]

Answer:

input= starting amount

output= withdrawals

(5,442) and (13,226)

Step-by-step explanation:

for input its what you put in the account for output its for what you take out.

And for the two points it the months first then you put how much money was left .