All categories

2 years ago

Dexter deposits $200 in a bank account that earns 3% simple intrest.How much money will he have in the account after 1 year

Mathematics

1 answer:

Elis [28]2 years ago

4 0

Answer:

$206

Step-by-step explanation:

The amount that would be in the account = amount deposited + interest earned on deposit

interest earned on deposit can be determined by determining the simple interest

Simple interest = principal x time x interest rate

principal = the amount deposited = $200

Time = the duration of the deposit = 1 year

interest rate = the percentage on deposit that would be earned = 3%

200 x 0.03 x 1 = $6

The amount that would be in the account = $200 + $6 = $206

You might be interested in

What is the length of segment AE?

nexus9112 [7]

Answer:

$AE=\frac{50}{3}\ units$

Step-by-step explanation:

step 1

In the right triangle ABC

Applying the Pythagoras Theorem fin the hypotenuse AC

$AC^{2} =AB^{2}+BC^{2}$

substitute

$AC^{2} =6^{2}+8^{2}$

$AC^{2} =100$

$AC =10\ units$

step 2

we know that

If two figures are similar, then the ratio of its corresponding sides is equal

$\frac{AB}{CD}=\frac{AC}{CE}$

substitute and solve for CE

$\frac{6}{4}=\frac{10}{CE}\\ \\CE=4*10/6\\ \\CE=\frac{20}{3}\ units$

step 3

Find the length of segment AE

AE=AC+CE

substitute the values

$AE=10\ units+\frac{20}{3}\ units=\frac{50}{3}\ units$

6 0

3 years ago

Find the surface area of a cube that is 5/8

vlabodo [156]

Answer:

A=6a2

Step-by-step explanation:

8 0

3 years ago

Read 2 more answers

Wich data set could be repersented by the blox plot shown down below?<br><br><br>pick a b c or d

netineya [11]

Answer:

Its A.

Step-by-step explanation:

Can u stop reporting my answers!!??

8 0

2 years ago

Read 2 more answers

Which expression represents the phrase, "the quotient of two times a number decreased by six and three"?

Alex73 [517]

I don't know if you have multiple choices, but it could be: 2x-9

8 0

3 years ago

Dina's birthday was 125 days ago. If today is Sunday, on what day of the week did her birthday fall?

quester [9]

Her birthday took place on a Saturday. :)

4 0

2 years ago