Answer: 4 years after the original investment, it is approximately $1,093.
Step-by-step explanation:
Hi, to answer this question we have to apply the simple interest formula:
I = p x r x t
Where:
I = interest
P = Principal Amount
r = Interest Rate (decimal form)
t= years
Replacing with the values given
I = 1000x (2.25/100) x t
- It will triple in approximately 3 years. FALSE
I = 1000x (2.25/100) x 3 =67.5
1000+67.5 = 1067.5
- It will no longer grow after several years: False, it will grow because it has a growth rate.
- 4 years after the original investment, it is approximately $1,093. TRUE
I = 1000x (2.25/100) x 4 =90
1000+90 = $1090
- It will double in approximately 10 years.
I = 1000x (2.25/100) x 10 =225
1000+90 = $1225
Feel free to ask for more if needed or if you did not understand something.
Answer:
10 is B
11 is D
Step-by-step explanation:
To find the distance traveled, we multiply the speed by the time. In this case, one person travels 60t miles in one direction, and the other person travels 50t miles in the other direction. So at any time t, the distance between the two people is 60t + 50t = 110t.
Given that the distance between them is 440 miles, we can solve for t with the following equation:
110t = 440
t = 4 hours
