Answer:
A = $2,240.00
(I = A - P = $240.00)
Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 3%/100 = 0.03 per year.
Solving our equation:
A = 2000(1 + (0.03 × 4)) = 2240
A = $2,240.00
The total amount accrued, principal plus interest, from simple interest on a principal of $2,000.00 at a rate of 3% per year for 4 years is $2,240.00.
Answer:
Solution:
,
Step-by-step explanation:
Given:
The rational equation to solve is given as:

Doing cross product, we get:

Now, for
, the rational equation is equal to 0. So,
is a solution.
Also,
is also a solution.
So, no extraneous solution.
Answer:
k=3
Step-by-step explanation:
The given system of equations are


We need to find the value of k if the given system of equation have infinite number of solutions.
If two equations
and
have infinite number of solutions, then

Using this we get




Therefore, the value of k is 3.
Answer:
$104.27 is the amount at 3% and $20895.73 is the amount at 4.4%
Step-by-step explanation:
We are given that Josie owes $21000 in student loans.
Let x be principal at 3% rate of interest
Time = 1 year
Formula:

A=1.03x
Interest = Amount - Principal
Interest = 1.03x-x=0.03x
So, (21000-x) is the principal at 4.4% rate of interest
Formula:

A=21924-1.044x
Interest = 21924-1.044x-21000-x=924-2.044x
The total interest she owes for one year was $714.00
So, 0.03x+924-2.044x=714
x=104.27
So, $104.27 is the amount at 3%
The principal at 4.4% rate of interest =21000-x=21000-104.27=20895.73
Hence $104.27 is the amount at 3% and $20895.73 is the amount at 4.4%
Answer:
ants can lift up to 10, 100, no, 1000 times their own weight right up over their heads. real research puts the number anywhere from 20 to 100 times, depending on the species of ant.