Answer: the future value is $3788.75
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the amount invested.
P represents the principal or amount invested.
R represents interest rate
T represents the duration of the investment in years.
From the information given,
P = 3500
R = 5.5
T = 18 months = 18/12 = 1.5 years
I = (3500 × 5.5 × 1.5)/100 = 28875/100
I = 288.75
the future value would be
3500 + 288.75 = $3788.75
To solve for these, we will use formulas and convertions as we go.
For 1:
We are looking for kg (kilograms) to g (grams). 1 g = 0.001 kg.
We have 2.5 kg. This means we must multiply 2.5 by 1,000.
2.5 x 1,000 = 2,500.
1.) is 2,500 grams.
For 2:
This problem has multiple steps, but we will successfully solve it. As of now, we have yards. There are 3 feet in a yard, and 12 inches in 1 ft. We will convert yards to feet, and then feet to inches.
500x3 = 1500, 1500 x 12 = 18,000.
2.) is 18,000 inches.
For 3:
There are 2,000 pounds in 1 ton. Using this, we can determine how many tons we have.
7,000/2,000 = 3.5
3.) is 3.5 tons.
I hope this helps!
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