Steve will earn $160 interest after four years ⇒ 1st answer
Step-by-step explanation:
The formula of the simple interest is I = Prt, where
- P is the initial deposit
- r is the annual rate in decimal
- t is the time of investment
∵ Steve opens a bank account with a simple annual interest rate of 5%
∴ r = 5% = 5 ÷ 100 = 0.05
∵ His initial deposit is $800
∵ He will put the money for four years
∴ t = 4
- Substitute all these values in the formula above
∵ I = 800(0.05)(4)
∴ I = 160
Steve will earn $160 interest after four years
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Answer:
The equation of a line is typically written as y=mx+b where m is the slope and b is the y-intercept.
Step-by-step explanation:
Option as is correct hope this helped have a nice day
Answer:
16
Step-by-step explanation:
You have: 14 / (7/8)
To divide by fractions, all you have to do is take the reciprocal of the second number, aka flip it
so, if you do that, you get 14 * 8/7
14*8=112, and 112/7 is 16
