Answer:
Interest Chaney earns after 3 years is $56.85
Step-by-step explanation:
Given:
Amount deposited = $1435.73
Simple annual interest rate = 1.32% = 1.32/ 100 = 0.0132
To find: Interest after 3 years
We know that the formula to calculate the interest amount is
Simple interest (S.I.) =
where,
P is the initial amount deposited
r is the rate of simple interest in percentage
t is the time in years for which interest is to be calculated
Substituting the known values in the formula, we get
S.I =
= 56.85
Hence the interest Chaney earns after 3 years is $56.85
Answer:
A is the correct answer
Step-by-step explanation:
Ok so <span>Interest = Principle * rate * time
P = 10,000
R = 3% = 0.03
T (we need to solve for t
I = 3600
now we sub..
3600 = (10,000)(0.03)(t)
3600 = 300t -- divide both sides by 300
3600/300 = t
12 = t
check..
I = prt
3600 = (10000)(0.03)(12)
3600 = (300)(12)
3600 = 3600 (correct)
It would take 12 years</span>
I’m pretty sure a is always and b is sometimes.
Subtract 2
y-2=1/2 x
Multiply by 2 to cancel out the denominator and to get 1 in front of x
2(y-2)=x
You can stop there or you can multiply out.
2y-4=x