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ira [324]
3 years ago
12

Megan has a $1025.00 in a savings account see you're in simple interest of 5% per year how much interest will she​

Mathematics
2 answers:
denpristay [2]3 years ago
8 0
You didn’t specify the amount of years. But the equation for simple interest is I= Prt. To find the simple interest she will earn in x amount of years, you must multiply 1,025 by 0.05. Then you must multiply the answer of that to the number of years you will keep the money in the savings account. After that, you will get the interest after x number of years. Equation - I = 1,025x0.05x(time in years).
Vitek1552 [10]3 years ago
4 0
$1025 dollars yuh yuh yuh yuh yuh yuh yuh yuh
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alukav5142 [94]

Answer:

p =2.15n - 875

Step-by-step explanation:

Given

CD_s= n

Charges = 2.50 per CD

<u>Expenses</u>

E_1 = 875

E_2 = 0.35 per CD

Required

The profit (p)

First, calculate the total income on n CDs

Total = Charges * n

Total = 2.50 * n

Total = 2.50n

Next, the expenses on n CDs

Expenses = E_1 + E_2 * n

Expenses = 875 + 0.35 * n

Expenses = 875 + 0.35n

The profit (p) is:

p = Total - Expenses

p =2.50n - (875 + 0.35n)

Open bracket

p =2.50n - 875 - 0.35n

Collect like terms

p =2.50n -  0.35n - 875

p =2.15n - 875

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