Anybody here good with math willing to help me? Im on my last attempt and really need help. (pls dont waste my points and commen
1 answer:
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Answer:
$126
Step-by-step explanation:
Given that:
Investment is done as per Simple interest.
Principal = $3000
Time for which the investment is to done = 7 years
Rate of interest = 6%
To find:
Interest earned when the investment matures?
Solution:
Formula for Simple Interest :
Where is the principal amount
is the Rate of Interest
is the time for which the investment is made
Putting the given values:
Therefore, the answer is:
Interest earned is <em>$126</em>.
The easiest way to do this is to plot the points. I used the pythagorean theorem for this one, too. Add the side lengths to get the perimeter: 5 + 5 + 5 + 3 + √40 = 24.32455532 units or just 24 units.
