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vlabodo [156]
2 years ago
6

What is the total interest earned in two years on an account containing $500 at 3.5% interest, compounded annually?

Mathematics
1 answer:
Andrei [34K]2 years ago
7 0

Answer: $35.6125

Step-by-step explanation:

3.5% = 0.035

Let's find the deposit amount with interest at the end of the first year:

500 + 500 · 0.035 = 517.5

Let's find the amount of the deposit with interest at the end of the second year:

517.5 + 517.5  · 0.035 = 535.6125

Find the total interest earned over two years:

535.6125 - 500 = 35.6125

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Answer:

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Step-by-step explanation:

If 15=-3(2c+d)

=15=(-3×2c) - (-3×d)

=15=-6c-3d

6 0
3 years ago
Michelle, lori, and patti buy lunch together. The total bill was $45. If michelle pays 35% of the total bill and lori pays 48% o
siniylev [52]

Answer:

$7.65

Step-by-step explanation:

step one:

The total bill was $45.

michelle pays 35% of the total bill

= 35/100*45

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lori pays 48% of the bill

= 48/100*45

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3 0
2 years ago
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From the graph attached,

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Since, for one-to-one functions, inverse of the functions exist.

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The inverse of 'f' exists.

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The table below represents a proportional relationship. The unit rate of the relationship is
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the unit rate is 3

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Don deposited $3,500 for 5 years on 2.40 pa interest rate in his savings account how much simple interest will he earn
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