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DedPeter [7]
3 years ago
6

Jose deposits S300 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the

first 3 years?
Mathematics
2 answers:
Readme [11.4K]3 years ago
5 0

Answer:

$54

Step-by-step explanation:

300 times 0.06 times 3

0.06 times 3 = 0.18

300 times 0.18 = 54

The simple interest is $54

Juliette [100K]3 years ago
5 0

Answer:

$54

Step-by-step explanation:

A = P(1 + rt)

300(1 + (0.06 × 3)) = 354

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vladimir2022 [97]

This question is about compound interest, but since the interest is such a small number you can use what you know about simple interest to eliminate some answers.

You can immediately eliminate choice A as a clunker, since it is less than the original amount in the account.

Consider what the amount of interest would be if you make the rate much larger than the original rate, say 10%, or 0.1:

$6,500 × 0.1 = $650

If this amount were added to the original amount each year for two years, the total would be:

$6,500 + $650 + $650 = $6,500 + $1,300 = $7,800

This is an over-estimate for the information given, and since choices C and D are even greater than this over-estimate, they can be eliminated. That means choice B is the correct answer.

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3 years ago
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krek1111 [17]

Answer:

12=obtuse

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Step-by-step explanation:

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3 years ago
What property do you use to get from 2(x+3)=6 to 2x+6=6?
Sedbober [7]

Answer:

Distribute Property

Step-by-step explanation:

2 ( x + 3 ) = 6

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Minimum: 88

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Median: 214

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Maximum: 365




                                          hope it helps

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3 years ago
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Answer:

2

Step-by-step explanation:

Make a list

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