Answer:
The interest generated will be $ 51.20.
Step-by-step explanation:
To determine the compound interest on the account with 0.01% interest rate in 5 years compounded quarterly with an initial deposit of $ 1,000, the following calculation must be performed:
1,000 x (1 + 0.01 / 4) ^ 4x5 = X
1,000 x (1 + 0.0025) ^ 20 = X
1,000 x 1.0025 ^ 20 = X
1,000 x 1.05120 = X
1,051.20 = X
1,051.20 - 1,000 = 51.20
Therefore, the interest generated will be $ 51.20.
Answer:
The equation needed is
Step-by-step explanation:
<u><em>The correct question is</em></u>
Clancy has 423 cups of yogurt to share with his friends at a party. Each guest will receive 1 serving of yogurt which is 3/4 of a cup. Write a multiplication equation to determine the number of people, p, who can be invited to the party
we know that
Each guest will receive 3/4 of a cup of yogurt
so
using proportion
Find out the number of people, who can be invited to the party, if Clancy has 423 cups of yogurt to share with his friends
Let
p -----> the number of people
-----> equation needed
Answer:
25
Step-by-step explanation:
If we call the number we're looking for n, then
n * 60/100 = 15
then n = 15/0.6 = 25
Answer:5.4
Step-by-step explanation:
Answer:
£300
Step-by-step explanation:
We apply the formula for Simple Interest:
where P = Principal
R = Rate of interest
T = Time elapsed (in years)
We are given that P = £5000, R = 3%, T = 2 years
The interest after 2 years will be:
I = £300
The interest Becky will get after 2 years will be £300.