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Answer:
54 dollars
Explanation:
Because this problem involves simple interest, and the money is only deposited for one year, you can calculate the amount of money in the bank after one year by thinking about a percent increase. Johnny starts with 50 dollars in his bank account, and we are given that he will experience an 8% increase over the year. This means that the amount of money in his bank account after one year is just 50 + 0.08*50 (the principal amount plus the simple interest, or amount of money that increases during the year). This is equal to 50 + 4, or 54 dollars.
Note that, whenever we are dealing with simple interest, the amount of money in the bank after a certain number of years is just P(1 + PRT), where P is the principal amount, R is the interest rate, and T is the number of years the money is in the bank.
The square inches of paper Ray needs are equal to the area of the sides he wants to cover.
<h3>What is the area?</h3>
The area of an object refers to the surface or space occupied by the object.
<h3>Why is the area important?</h3>
In this situation calculating the area is essential because by doing this, Ray can know how much paper he needs.
<h3>How to calculate the area?</h3>
Different formulas can be used to calculate the area depending on the shape of the object.
- Rectangle: Side x side
- Triangle: 1/2 base x height
- Circle: πr2
This means to know the exact answer, Ray needs to calculate the area of the sides he wants to cover and this is equal to the paper he needs to buy.
Note: This question is incomplete because the picture was not attached. Due to this, I answered it based on general knowledge.
Learn more about area in: brainly.com/question/16151549
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