Answer:
a) $520
b) $580
c) Interest amount is same each year
Step-by-step explanation:
Given - Georgie put $500 in her savings account, earning interest at a rate of 4% each year. She did not make any more deposits or withdrawals.
To find - a) How much money was in the account after one year?
b) How much money was in the account after 4 years?
c) Was the amount of money earned in interest the same or different each year?
Proof -
Here given that,
Principal amount = $500
rate of interest = 4% = 4/100 = 0.04
Now,
a)
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(1)]
= 500 [ 1 + 0.04] = 520
⇒Amount = $520
b)
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(4)]
= 500 [ 1 + 0.16] = 580
⇒Amount = $580
c)
In 2nd year,
Amount = P [ 1 + RT ]
= 500 [ 1 + 0.04(2)]
= 500 [ 1 + 0.08] = 540
⇒Amount = $540
Now,
Interest in 1st year = 520 - 500 = 20
Interest in 2nd year = 540 - 520 = 20
So,
The interest amount is same each year
Answer:
200
Step-by-step explanation:
200×4%=8
8×3=24
The original amount is $200
Answer:
A) buddy = sadie + 14
B) buddy + sadie = 136
A) buddy -sadie = 14
Adding equations A & B
2 * buddy = 150
buddy = 75 pounds
sadie = 61 pounds
Step-by-step explanation:
The answer is 90%. Because 10% love math you subtract 100
Answer:
325 miles
Step-by-step explanation:
Given that,
A car travels 390 miles in 6 hours.
We need to find the distance travelled in 5 hours.
6 hours = 390 miles
1 hour = 65 miles
In 5 hours,
5 hours = (65×5) miles
= 325 miles
So, it will travel 325 miles in 5 hours.
