1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
beks73 [17]
3 years ago
14

How much money will be in a bank account after 4 years if $8 is deposited at an interest rate of 5%?

Mathematics
1 answer:
stealth61 [152]3 years ago
7 0

Answer:

$9.60

Step-by-step explanation:

The question above is a simple interest question.

The formula for the amount of money after a given period of time using simple interest is given as:

A = P(1 + rt)

Where

P = Initial Amount saved or invested = $8

R = Interest rate = 5%

t = Time in years = 4

Calculation:

First, converting R percent to r a decimal

r = R/100 = 5%/100 = 0.05 per year.

Solving our equation:

A = 8(1 + (0.05 × 4)) = 9.6

A = $9.60

The amount of money that will be in a bank account after 4 years is $9.60

You might be interested in
What is the slope-intercept equation of the line below?
yKpoI14uk [10]

Slope is known as rise over run. Because the line is pointing "\", it is negative.

The rise, the distance from one point to another, specifically from (0,4) to (1,1) is 3, as 4-1=3. your run is 1-0=1.

So your rise over run is -3/1 or, -3.

Your y-int is where when x=0, y=?

In this case y=4 when x=0.

Your equation is

y=-3x+4

5 0
2 years ago
What is the slope of the line through (-4,2) and (3,-3)
lubasha [3.4K]

Answer:

-5/7

Step-by-step explanation:

Slope ,

=(y2-y1)/(x2-x1)

=(-3-2)/(3+4)

=-5/7

3 0
3 years ago
Read 2 more answers
Explain how 0 tens and 27 ones and 1 ten and 17 ones show the same answer and the answer is 27
Law Incorporation [45]
Because 0 + 27 is 27 and 10 + 17 is 27 as well 

4 0
3 years ago
Solve this system of equations
olga_2 [115]

Answer:

D) x = 4, y = -2, z = 3

Step-by-step explanation:

x = 3z − 5

2x + 2z = y + 16

2(3z - 5) + 2z = y + 16

6z - 10 + 2z = y + 16

8z = y + 26 ---> (A)

7x − 5z = 3y + 19

7(3z - 5) - 5z = 3y + 19

21z - 35 - 5z = 3y + 19

16z = 3y + 54 ---> (B)

8z = y + 26

16z = 3y + 54

2(y + 26) = 3y + 54

2y + 52 = 3y + 54

y = -2

8z = -2 + 26

8z = 24

z = 3

x = 3(3) - 5

x = 4

8 0
3 years ago
Ms Hart had 40 dollars to spend on costume boxes for the musical. If she bought 12 boxes and received 4 dollars in change, how m
artcher [175]

Answer:each box cost =$3

Step-by-step explanation:

Amount of money Ms Hart has to spent on costume boxes=$40

Amount gotten as change after purchase=$4

Amount actually used up buying costume boxes =$40-$4=36

Since she bought 12 boxes , each box cost =$36/ 12=$3

5 0
3 years ago
Other questions:
  • Which of these equations have no solution? Check all that apply.
    12·2 answers
  • 5 friends will equally share the 3 jars of honey they got from their beehive.
    9·1 answer
  • Match each solution to the equation it solves.
    6·1 answer
  • What’s the writing in the form of a/b: -16 *
    9·1 answer
  • What is the difference between theoretical and experimental probability
    7·1 answer
  • What type of line is the graph of y = 7? (1 point)
    6·2 answers
  • A commission of 2,925 is paid on a sale of 65,000. What is the rate of the commission
    13·1 answer
  • What is the factored form of 24x^2+52x-20 ?
    13·1 answer
  • H(x) = 9x2 + 1<br> PLSSS HELP
    6·1 answer
  • In a mathematic test 30 students obtained the following scores
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!