There were 10 bunches of roses and tulips. Each bunch had 5 of the same flowers. There were 2 more bunches of tulips than roses.
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The total interest accrued is $2,407.41 if you invested $7,000 into a money market account for 10 years at an annual interest rate of 3%.
<h3>What is invested amount?</h3>An investment is a payment made to acquire the securities of other firms with the intention of making a profit.
We are assuming the interest will be compounded annually
Where A = Final amount
P = Principal amount
r = annual rate of interest
n = how many times interest is compounded per year
t = How long the money is deposited or borrowed (in years)
We have:
P = $7000
r = 3% = 0.03
t = 10 years
n = 1
After calculating:
A = $9407.41
I = A - P = 9407.41 - 7000 = $2,407.41
Thus, the total interest accrued is $2,407.41 if you invested $7,000 into a money market account for 10 years at an annual interest rate of 3%.
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Answer:
C
Step-by-step explanation:
The volume (V) of a sphere is calculated using the formula
V = πr³
If the radius is doubled, that is r = 2r , then
V = π (2r )³
(2r)³ = 8r³, thus the volume is multiplied by 8