Connor went to the county fair with $32.50 in his pocket. He bought a hot dog and a drink for $4.50 and then
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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%.
Learn more about the invested amount here:
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Please check the attached file for the diagram of Sally's yard.
Let be the width of the yard.
Let be the length.
We are given that the length of the yard is 8 feet more than 4 times the width. Let us convert this into a mathematical equation.
4 times the width will be . Now, 8 feet, or 8 more than 4 times the width will be
. We know that this is the value of the length of the yard and thus we can write this as:
As we can see we have found the relationship between the length, and the width,
of the yard.
We have been told that the total length of the fence required for the yard is 106 feet. This obviously means that the perimeter of the rectangular yard is 106 feet.
Now, we know that the perimeter of a rectangle is given by:
Perimeter= this is because we know that the length,
is given by
.
Continuing further we get:
This is because Perimeter=length of the fence=106 (given)
Therefore,
or, so, we just now found the width of the yard which is 9 feet. We are required to find the length. We can easily find the length using the relationship between
and
which is:
giving us:
Thus the length of the fence is 44 feet.
