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
Answer:
3.33 miles per hour
Step-by-step explanation:
The total distance traveled by the hiker is 5 * 2 = 10 miles, and the total time travelled is 2 + 1 = 3 hours.
So, to find the average speed of the entire trip, we can use the formula:
distance = speed * time
With distance = 10 and time = 3, we have:
10 = speed * 3
speed = 10/3 = 3.33 miles per hour.
Answer:
Starting is 10 going up by 5x
Step-by-step explanation:
When you look at a graph there is a y and x axis's. 10 is on the y axis and its going up by 5x.
35+1m
M= number of movies he ends up buying.
Answer:
875 ft²
Step-by-step explanation:
Finding area of similar rectangles:
Scale factor = EF : AB
= 25 : 5
= 5 : 1
Area or rectangle EFGH = 875 ft²
