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OLEGan [10]
3 years ago
11

How long does it take an account with a principal of $500 to earn $75 in interest at a simple annual interest rate of 3%?

Mathematics
1 answer:
algol133 years ago
7 0

Answer:

about 5 years

Step-by-step explanation:

year 1)500*0.03= 15

year 2)515*0.03= 15.45+515=530.45

year 3)530.45*0.03= 15.91+530.45=546.36

year 4)546.36*0.03=16.39+546.36=562.75

year 5)562.75*0.03=16.88+562.75=579.63

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The standard configuration for an Arizona license plate is 3 digits (0 - 9) followed by 3 letters (of 26). If you can not repeat
Anna71 [15]

Answer:

11232000 plates can be made.

Step-by-step explanation:

The order of the digits and of the letters is important. For example, ABC is a different configuration than CBA. So we use the permutations formula to solve this question.

Permutations formula:

The number of possible permutations of x elements from a set of n elements is given by the following formula:

P_{(n,x)} = \frac{n!}{(n-x)!}

In this question:

3 digits from a set of 10(there are 10 digits from 0 to 9).

3 letters from a set of 26. So

Total:

T = P_{(10,3)} \times P_{(26,3)} = \frac{10!}{(10-3)!} \times \frac{26!}{(26-3)!} = 11232000

11232000 plates can be made.

5 0
3 years ago
If summer is right around the corner, how many times will you ACTUALLY use brainly?
bazaltina [42]
My answer is C, I don’t think I’m going to need Brainly that much since we won’t have school work but I’ll use it to help others.
5 0
3 years ago
Read 2 more answers
Azul has 4 green picks and no orange picks. You add orange picks so that they are 2 orange picks for every 1 green pick. How man
Ad libitum [116K]

Ratio of orange:green = 2:1


If there are 4 green picks then there are 8 orange picks.


Total number of picks = 4 + 8 = 12


Answer: There are now 12 picks in total.

8 0
3 years ago
Answer as mixed number ( if possible) 1/3 divided by 3/5
Tanya [424]

Answer: Your Answer Is 1/5 OR 0.2  (BOTH ARE CORRECT)  (:

Step-by-step explanation:

(1/3) (3/5) =

1 3 / 3 5 =

3/15 =

1/5 OR 0.2  Hope I Helped!!! (:

4 0
3 years ago
Read 2 more answers
1. Two thousand dollars is invested at 5.5 percent interest compounded
Dafna11 [192]

Two thousand dollars is invested at 5.5 percent interest compounded

quarterly for 2 years. Then the amount is $ 2230.88

<u>Solution:</u>

Given that Two thousand dollars is invested at 5.5 percent interest compounded  quarterly for 2 years

<em><u>The formula for amount using compounded quarterly is given as</u></em>:

\text { Amount }=P\left(1+\frac{R / 4}{100}\right)^{4 T}

Where, "p" is the principal sum

"R" is the rate of interest

"T" is the number of years

Here in this problem,

P = 2000 ; R = 5.5 ; T = 2 years

Plugging in values in formula we get,

\text {Amount}=2000\left(1+\frac{\frac{5.5}{4}}{100}\right)^{4 \times 2}

=2000\left(1+\frac{1.375}{100}\right)^{8}

On solving we get,

=2000(1+0.01375)^{8}=2000(1.11544)=2230.88

Hence the amount is $ 2230.88

4 0
3 years ago
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