$20,000 is between $15,000 and $49,999, so we'll use the interest rate of 6.5% (see row 3)
r = 6.5% = 6.5/100 = 0.065
We'll use the decimal form of the interest rate as it is most common for financial math problems.
P = 20,000 is the amount deposited
t = 1 year is the amount of time
We will plug those values into the formula
i = P*r*t
to get the following:
i = P*r*t
i = 20000*0.065*1
i = 1300
So Mark earns $1,300 in simple interest each year.
Answer:
The value of h(8) = 9
Step-by-step explanation:
Given function as
h(y) = 2y - 7
For y = 8
Put the value of y in given function
So, h(8) = 2 (8) - 7
OR , h(8) = 16 - 7
∴ h(8) = 9
Hence the value of h(8) = 9 Answer
Answer:
X=-5y/13+90/13, Y=-13x/5+18
Step-by-step explanation:
You need to solve the equation for X and Y.
Solving for X:
13x+5y=90
Subtract 5y: 13x=-5y+90
Divide by 13: x=-5y/13+90/13
--
For Y:
13x+5y=90
Subtract 13x: 5y=-13x+90
Divide by 5: y=-13x/5+90/5
(Simplifies to -13x/5+18)
Answer:
8.0
Step-by-step explanation:
Since we are trying to find the nearest tenth decimal place, we look at the hundredths place to figure it out. Since it is ≥5, we round up.
Answer: Hope this helps <3
Step-by-step explanation: