Sam earned $40 on his investment of $400. He earned 5% interest on his investment. How long did Sam leave his money in the bank?
1 answer:
Answer:
2yrs
Step-by-step explanation:
Given parameters:
Amount of interest earned = $40
Principal = $400
Interest rate = 5%
Unknown:
Time taken for the money to be in bank = ?
Solution:
The formula for interest is given as:
I =
Where I is the interest
P is the principal
R is the rate
T is the time
So;
100I = PRT
T = =
= 2yrs
You might be interested in
Answer: 4(2x²+9) or
Step-by-step explanation:
To solve the equation by factoring, we want to set the equation to zero. In order to have the equation equal to zero, we want to add both sides by 36.
8x²=-36 [add both sides by 36]
8x²+36=0
When it comes to factoring, we want to pull out numbers or variables that are common in each term.
8x²+36=0 [take out a 4 in each term]
4(2x²+9)=0
It may seem that 2x²+9 can be factored further, it actually can't. This tells us that the factored form of the equation is 4(2x²+9)=0.
To solve the equation, we want to find the value of x. We already know the graph does not cross the x-axis because the y-intercept or vertex is (0,9).
4(2x²+9)=0 [divide both sides by 4]
2x²+9=0 [subtract both sides by 9]
2x²=-9 [divide both sides by 2]
x²=-9/2 [square root both sides]
or