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MrRissso [65]
3 years ago
6

You put $800 in a savings account. The account earns 4% simple interest per year.

Mathematics
1 answer:
nalin [4]3 years ago
4 0

Answer:

A. 160

B. 960

Step-by-step explanation:

The interest earned after 5 years is the balance - the initial balance: 160

The balance is 800 * (1 + .04*5): 960

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the answer will be 20 times 3 that is 60

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The floor of a concert venue is 100 3/4 feet by 75 1/2 feet. What is the area of the floor
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Read 2 more answers
One number is 5 more than another number. their sum is −15 . what are the numbers?
Aliun [14]
X=5+y
x+y=-15

subsitute 5+y for x

5+y+y=-15
5+2y=-15
minus 5 from both sides
2y=-20
divide both sides by 2
y=-10

sub back
x=5+y
x=5-10
x=-5

the numbers are -10 and -5
6 0
3 years ago
An account earns simple interest.<br><br> $1800 at 6.5% for 30 months
Vikentia [17]

A = P(1 + rt)

Where:

<span>A = Total Accrued Amount (principal + interest)
P = Principal AmountI = Interest Amount
r = Rate of Interest per year in decimal;
r = R/100
R = Rate of Interest per year as a percent;
 R = r * 100
<span>t = Time Period involved in months or years

</span></span>Calculation:

First, converting R percent to r a decimal
r = R/100 = 6.5%/100 = 0.065 per year,
putting time into years for simplicity,
30 months ÷ 12 months/year = 2.5 years,
then, solving our equation

<span>A = 1800(1 + (0.065 × 2.5)) = 2092.5 </span>
A = $ 2,092.50

The total amount accrued, principal plus interest,
from simple interest on a principal of $ 1,800.00
at a rate of 6.5% per year
<span>for 2.5 years (30 months) is $ 2,092.50.</span>
5 0
3 years ago
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