Answer: Simple interest rate = 3%.
Step-by-step explanation: We are given invested amount = $5000.
Number of years of investment = 4 years.
Interest earned = $600.
Simple interest formula.
I = P R T.
Where I is the earned interest, P is the invested amount , R is the rate of interest and T is the time in years.
Plugging values in formula, we get
600 = 5000 × R × 4
600 = 20000R.
Dividing both sides by 20000, we get
0.03 = R.
Multiplying by 100 to convert it in percentage, we get
0.03 × 100 = R
R = 3 %.
The house is worth $177,000
the lot is worth $35,400
Answer:time spent on your phone is independent and how much studying you get done is dependent since it depends on how much time your spend on your phone as to how much studying you will get done
Answer:
Option a.
Step-by-step explanation:
An ordered pair is written in the following form: (x, y). It means, first the independent variable and secondly the dependent variable.
In the diagram, the first circle represents the independent variable, and the second circle represents the dependent variable.
Then, the set of ordered pairs is (From left to right)
(-3, 3) ; (0, 0) ; (2, -2).
So the correct option is option a.
Answer:
The initial investment is $821.58
Step-by-step explanation:
Giving the following information:
Future Value (FV)= $90,597
Number of periods (n)= 25*12= 300
Interest rate (i)= 1.58% = 0.0158
<u>To calculate the initial investment, we need to use the following present value (PV) formula:</u>
PV= FV/(1+i)^n
PV= 90,597 / (1.0158^300)
PV= $821.58
The initial investment is $821.58
