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ladessa [460]
3 years ago
11

An employee puts $3,000 into a retirement fund that offers 7% interest compounded annually. The employee makes no other deposits

or withdrawals. Which amount is closest to the interest that the employee will have earned after 4 years?
Mathematics
1 answer:
Nookie1986 [14]3 years ago
7 0

Answer:

$840

Step-by-step explanation:

Given data

Principal = $3000

Rate= 7%

Time= 4 years

The expression for the simple interest is

SI= PRT/100

substitute

SI= 3000*7*4/100

SI= 30*7*4

SI= $840

Hence the interest is $840

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podryga [215]

Answer:

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Step-by-step explanation:

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Read 2 more answers
Is y= -9/5x + 1/5 perpendicular to y= 5/9x + 2/9
Lana71 [14]

The given lines are perpendicular to each other.

Further explanation:

Given lines are:

Line 1: y= -9/5x + 1/5

Line 2:  y= 5/9x + 2/9

As the lines are in slope=intercept form, the co-efficient of x are their slopes

Let m1 be the slope of line 1 and m2 be the slope of line 2

Then

m_1=-\frac{9}{5}\\m_2=\frac{5}{9}\\m_1.m_2=-\frac{9}{5}*\frac{5}{9}\\m_1.m_2=-1

As we can see that the product of slopes of both lines is -1. The product of slopes of perpendicular lines is -1.

The given lines are perpendicular to each other.

Keywords: Slope, slope-intercept form

Learn more about equation of lines at:

  • brainly.com/question/4703807
  • brainly.com/question/4710621

#LearnwithBrainly

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