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Vikentia [17]
3 years ago
11

A new bank customer with 4,500 wants. To open a money market account the bank is offering a simple interest rate of 1.6

Mathematics
1 answer:
valina [46]3 years ago
8 0

Answer:

a) $780

b) $5,220

Step-by-step explanation:

The formula for simple interest is the following

A = P (1 + rt)  ... where

A = final amount

P = initial principal balance

r = annual interest rate

t = time (in years)

If we apply the values to the formula for 10 years we get the following...

A = 4,500 * (1 + (0.016 * 10))

A = 4,500 * (1 + 0.16)

A = 4,500 * 1.16

A = 4,500 * 1.16

A = 5,220

Therefore the final amount in the bank account is 5,220 and the interest gained would be

5,220 - 4,500 = $720

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Step-by-step explanation:

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3 years ago
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Match the information on the left with the appropriate equation on the right.
zaharov [31]

Answer:

See attachment below

Step-by-step explanation:

For the first option, we are given m = - 2 / 3, b = 3. This is likely in the point - slope form y = mx + b, where m = slope and b = y - intercept. Thus, the equation of the line in point - slope form given this information, should be y = - 2 / 3x + 3. It seems as if none of the following equations match this form, so let us interchange the equation a bit,

y = - 2 / 3x + 3,

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2x + 3y = 9 - Option C

_______________________________________________________

Next we are given m = - 3 / 2, and that this line passes through the point ( 4, - 1 ). Substitute m as - 3 / 2, x as 4, y as - 1, knowing point ( 4, - 1 ), into the form y = mx + b - solving for b.

- 1 = ( - 3 / 2 )( 4 ) + b,

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Thus the equation in point - slope form should be y = - 3 / 2x + 5. None of the choices match this, so let us again alter the equation,

y = - 3 / 2x + 5,

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_______________________________________________________

( 6, 3 ) and ( 3, 1 ) is given to lie on this line. The slope of the line should be as follows,

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Now let us determine the y - intercept ( b ) by substitute one of the points, say ( 6, 3 ). In this case x = 6, and y = 3,

3 = ( 2 / 3 )( 6 ) + b,

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Take a look at the attachment below for further help;

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3 years ago
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Step-by-step explanation:

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3 years ago
The average distance in kilometers between the sun and earth is 150,000,000. How is this number expressed in scientific notation
german
The answer is going to be 150x10^7
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