Rodger put $1,000 in a bank account that pays 5% annual simple interest. At the end of four years, how much interest has he earn
1 answer:
Answer: He has earned $200 interest and the balance of his account is $1,200.
Step-by-step explanation:
Given: Principal : P = $1,000
Simple interest rate : r = 5% = 0.05
Time: t = 4 years
Simple interest =
i.e. Simple interest = $200
Balance of account = Principal + Simple interest
= $1,000 + $200
= $1,200
Hence, he has earned $200 interest and the balance of his account is $1,200.
You might be interested in
Answer:
A: (-3,4) (-3,6) (-5,6) (-7,4)
B: The transformation would be described as a reflection over the y axis
C: The transformation does result in a congruent figure because the shape doesn't change in size or shape and in length or width
Step-by-step explanation:
So our plots from the figure are: (3,4) (3,6) (5,6) (7,4)
So using the rule (x, y) → (-x, y) are new points would be:
(-3,4)
(-3,6)
(-5,6)
(-7,4)
This rule (x, y) → (-x, y) is used for the type of transformation that is a reflection but over the y axis.
