1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marshall27 [118]
3 years ago
15

If you invest 3,500 in a savings account that pays 4% simple interest how much will the new balance be after including interest?

Mathematics
1 answer:
garik1379 [7]3 years ago
8 0

Answer:

New balance = 3640

Step-by-step explanation:

Given the following data;

Interest rate = 4% = 4/100 = 0.04

Principal = 3500

To find the new balance;

First of all, we would find the amount at the interest rate;

New amount = interest rate * principal

New amount = 0.04 * 3500

New amount = 140

Now, to find the new balance;

New balance = principal + new amount

New balance = 3500 + 140

New balance = 3640

You might be interested in
A bike and skate shop rents bike for $21 per day and pairs of skates for $20 per day. To remain viable, the shop needs to make a
Leya [2.2K]
Let the number of bike be x and the number of skates be y, then
21x + 20y ≥ 362 . . . (1)
2y = x . . . (2)

Putting (2) into (1), then
21(2y) + 20y ≥ 362
42y + 20y ≥ 362
62y ≥ 362
y ≥ 5.84

The least number of pairs of skates they need to rent each day to make their minimum is 6.
7 0
3 years ago
14a²b<br> 7a²b<br> =<br> Simplify
lidiya [134]

Step-by-step explanation:

if14a^2b/7a^2b answer is 2

and if the sign is addition then the answer is21a^2b if subtraction answer is7a^2b

4 0
3 years ago
Describe the number 78 in two different ways
statuscvo [17]
It is a high number and in the tens pop ace is 70
3 0
4 years ago
How you would solve the following problem: 4.5 + h = 7.3.
DENIUS [597]
You need to form an algebraic equation. 4.5+h=7.3 therefore h= 7.3 - 4.5 when you take 4.5 to the other side it becomes negative therefore the answer is 2.8.
7 0
3 years ago
Read 2 more answers
The volume of a cube is 64 cubic feet. What is the edge length of the cube​
Kobotan [32]

area 4 ft

-__________________________________________________________-

6 0
3 years ago
Other questions:
  • Vanessa purchased a smart TV for
    6·1 answer
  • Given: 5 &gt; x + 7. what is the solution set
    10·1 answer
  • Which point is a solution to the inequality
    8·1 answer
  • What is the slope for the points (5,3) and (5,-9)?
    15·1 answer
  • Which shows another way to write 9.54?
    14·1 answer
  • How much times can 23 go into 13,527​
    9·2 answers
  • Cuánto es 10 elevado a la potencia de 12?
    15·1 answer
  • HELP ME PLS!!!!!
    14·1 answer
  • Find the slope of the line that passes through the points (–1, 6) and (2, 15)
    10·1 answer
  • A recipe for 20 cookies uses 2 1/2 cups of milk. How many cookies are
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!