Carin opened a money market account with a deposit of $3,000. This account earns 2% simple interest annually. How many years wil
l it take for her $3,000 deposit to earn $430 in interest, assuming she does not withdraw any of the money?
1 answer:
Answer:
The correct answer is - 7.166 years
Step-by-step explanation:
Given:
principle amount: 3000
rate of interest: 2%
time?
Interent to get: 430
Formula:
I = P*t*r/100
here p = principle
I = interest
r = rate of intrest and t = time
Solution putting value and deriving Time as formula:
(3000*2*t)/100 = 430
t = 43000/3000*2
= 7.166 years.
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Answer:
C
Step-by-step explanation:
The function multiplies by 8 so 6 would be 48 and 10 would be 80.
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Answer:
3/4 - 6/8
1/3 - 2/6
1/2 - 5/10
3/5 - 6/10
1/4 - 2/8
A + 12.5 = 20
- 12.5 -12.5
———————
A = 7.5
The answer is 7.5
83 1/3 % = 5/6 so
20 = (5/6)x
x = (6/5)(20) = 24
