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victus00 [196]
3 years ago
10

Alex $8000 in a savings account that earns 3.25 % annually. How much will he earn in interest in 6 months?

Mathematics
1 answer:
kotegsom [21]3 years ago
6 0
<h3>Answer:  $130</h3>

=======================================================

Explanation:

I'm assuming the bank is using simple interest (instead of compound interest).

If so, then,

i = P*r*t

i = 8000*0.0325*0.5

i = 130

The amount of interest is $130

In the formula above, I used

  • P = 8000 = amount deposited
  • r = 0.0325 = annual interest rate in decimal form
  • t = 6/12 = 0.5 years, which means you don't use t = 6. We don't use t = 6 because the interest rate is on an annual basis, and not a 6-month basis.
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konstantin123 [22]

Answer:

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3 0
2 years ago
Evaluate the expression 10 + 2p - 3r, when p=3 and r=-2
dmitriy555 [2]

Answer:

<em>The expression is equal to 22</em>

Step-by-step explanation:

<u>Expression Evaluation</u>

We are given the expression

10 + 2p - 3r

And it's required to evaluate it when p=3 and r=2. This means we have to replace the letter for the value assigned to them, as follows:

10 + 2*3 - 3*(-2) = 10 + 6 - (-6)

= 10 + 6 + 6

= 22

The expression is equal to 22

7 0
3 years ago
4x4x2-1/8 (-) symbol is not a minus sign
trapecia [35]

Answer:

31 7/8

Step-by-step explanation:

16 x 2 - 1/8 =

32 - 1/8 = 31 7/8

Hope that helps!

8 0
3 years ago
You have a mortgage of $125,600.00 at a 4.95% APR. You make a payment of $1,500.00 each month. What is your principal balance at
postnew [5]
<span>Monthly Interest = Yearly Interest / 1200
Interest Paid = Previous Balance * Monthly Interest Rate
</span>Equity = Monthly Payment -Interest Paid
New Balance = Previous Balance -Equity

Monthly Interest = <span> <span> 0.004125 </span> </span>

After the FIRST payment
Interest Paid = 125,600.00 * .004125
<span>Interest Paid = 518.10
Equity = 1,500.00 - 518.10
Equity =  </span> <span> <span> 981.9</span></span>0

New Balance = 125,600.00 -981.90
<span> <span> 124,618.10 </span> </span>

After the SECOND payment
Interest Paid = 124,618.10 * .004125
<span> </span>Interest Paid =  <span><span>514.05 </span> </span>
<span>Equity = 1,500.00 - 514.05
</span><span>Equity = 985.95
</span>
New Balance = <span>124,618.10 -985.95 =
</span><span><span>123,632.15 </span> </span>
Answer is B

I guess they want it for the BEGINNING of the third month and this is it.
I calculated it for the END of the third month so here it is.



After the THIRD payment
Interest Paid = <span>123,632.15 * .004125
</span>Interest Paid = <span><span>509.98 </span> </span>
Equity = 1,500.00 - 509.98
Equity = <span> <span> 990.02 </span> </span>
<span>New Balance = 123,632.15 -990.02 =
</span><span><span>122,642.13 </span> </span>

Source:
http://www.1728.org/loanmath.htm



4 0
3 years ago
What is the final step of bisecting a line segment
elena55 [62]
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</span></span></span>
4 0
4 years ago
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