now, there are 12 months in a year, so 18 months is really 18/12 of a year, thus
![~~~~~~ \textit{Simple Interest Earned Amount} \\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\dotfill & \$4000\\ P=\textit{original amount deposited}\\ r=rate\to 5\%\to \frac{5}{100}\dotfill &0.05\\ t=years\to \frac{18}{12}\dotfill &\frac{3}{2} \end{cases} \\\\\\ 4000=P[1+(0.05)(\frac{3}{2})]\implies 4000=P(1.075) \\\\\\ \cfrac{4000}{1.075}=P\implies 3720.93\approx P](https://tex.z-dn.net/?f=~~~~~~%20%5Ctextit%7BSimple%20Interest%20Earned%20Amount%7D%20%5C%5C%5C%5C%20A%3DP%281%2Brt%29%5Cqquad%20%5Cbegin%7Bcases%7D%20A%3D%5Ctextit%7Baccumulated%20amount%7D%5Cdotfill%20%26%20%5C%244000%5C%5C%20P%3D%5Ctextit%7Boriginal%20amount%20deposited%7D%5C%5C%20r%3Drate%5Cto%205%5C%25%5Cto%20%5Cfrac%7B5%7D%7B100%7D%5Cdotfill%20%260.05%5C%5C%20t%3Dyears%5Cto%20%5Cfrac%7B18%7D%7B12%7D%5Cdotfill%20%26%5Cfrac%7B3%7D%7B2%7D%20%5Cend%7Bcases%7D%20%5C%5C%5C%5C%5C%5C%204000%3DP%5B1%2B%280.05%29%28%5Cfrac%7B3%7D%7B2%7D%29%5D%5Cimplies%204000%3DP%281.075%29%20%5C%5C%5C%5C%5C%5C%20%5Ccfrac%7B4000%7D%7B1.075%7D%3DP%5Cimplies%203720.93%5Capprox%20P)
Answer
Go to www.mathborl.com/middle for step by step.
Step-by-step explanation:
Answer:
Interest earned = 2713.8
Explanation:
We will solve this problem on two steps:
1- get the final amount after three years
2- get the interest earned by subtracting the initial amount from the final one.
1- getting the final amount after 3 years:
The formula that we will use is as follows:
A = P (1 + r/n)^(nt)
where:
A is the final amount we want to calculate
P is the initial amount = 6300
r is the interest = 0.12
n is the number of compounds per year =12
t is time in years = 3
Substitute to get the final amount:
A = P (1 + r/n)^(nt)
A = 6300 (1 + 0.12/12) ^ (12*3)
A = 9013.8
2- getting the interest earned:
Interest earned = final amount - initial amount
Interest earned = 9013.8 - 6300
Interest earned = 2713.8
Hope this helps :)
Lets calculate how much she walks each weeks and then we multiply that by the number of weeks.
weekWalk = 5(2) + 3 = 10 + 3 = 13
therefore, she walks 13 miles per week, if she walked for 29 weeks then we have:
total walked =(29)(13) = 377
so she walked 377 miles total, so her original estimate is not reasonable
Answer:
Step-by-step explanation:
You could do this.
I am joyous to assist you anytime.
