If $10,000 is invested in an account at 4.8% annual simple interest, how long will it take for the account balance

Mathematics

2 answers:

Lesechka [4]3 years ago

7 0

10000+4.8%=10480
10480+4.8%=10983.04
10983.04+4.8%=11510.22592

so 3 years

marin [14]3 years ago

7 0

So the equation you should make is 11200=10000+480x because you would make $480 per year and "x" equals the numbers of years so by solving this equation X=2.5 so it takes 2.5 years to reach $11200. and disregard the previous answer.

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grandymaker [24]

<h3>Answer: Choice C</h3>

Started in Quadrant II and ended in Quadrant IV.

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Explanation:

Refer to the diagram below. It shows how the four quadrants are labeled using roman numerals. We start in the upper right corner (aka northeast corner) and work counterclockwise when labeling quadrant I, II, III, and IV in that order.

The green point A is located in quadrant II in the northwest. Meanwhile point B in red is in the southeast quadrant IV.

Therefore, we started in <u>quadrant II</u> and ended in <u>quadrant IV</u> which points us to <u>choice C.</u>