Answer: $4,365.10
Step-by-step explanation:
Ok, we know that:
The account starts with $2350
There is a simple interest of 3.75% (or 0.035).
Then after one year, the amount in the account will increase by 3.75%, this means that the amount will be:
$2350 + 0.035*$2350 = (1.035)*$2350.
After another year, we have the same increase (but applied to the new amount in the account):
(1.035)*$2350 + 0.035*(1.035)*$2350. = (1.035)^2*$2350
And so on.
You already can see the pattern here, the amount of money in the saving account after N years will be:
M(N) = $2350*(1.035)^N.
Now we can answer:
what is the balance of the account if it earns a simple interest of 3.75% for 18 years?
Just replace N by 18 in that equation:
M(18) = $2350*(1.035)^18 = $4,365.10
First convert 22 to decimal form. You do this by dividing the percent by 100.
22 / 100 = .22
Then multiply the dollar amount by the percentage in decimal form.
$45 * .22 = $9.9
So 22% of $45 is $9.9.
Then you subtract $9.9 from $45.
$45 - $9.9 = $35.1
9514 1404 393
Answer:
160
Step-by-step explanation:
The problem statement tells us ...
(# in museum) = 4 × (# waiting)
(# in museum) = 4 × 40 . . . . . . . . . . . . the number waiting is 40
# in museum = 160
