Find the Simple Interest $700 deposited at an interest rate of 1.5% for 3 years

Mathematics

1 answer:

slega [8]2 years ago

3 0

Answer:

$31.50

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 1.5%/100 = 0.015 per year,

then, solving our equation

I = 700 × 0.015 × 3 = 31.5

I = $ 31.50

The simple interest accumulated

on a principal of $ 700.00

at a rate of 1.5% per year

for 3 years is $ 31.50.

You might be interested in

Last year, sales at Company X were 10% greater in February than in January, 15% less in March than in Feb, 20% greater in April

Svetlanka [38]

Answer:

d. May

Step-by-step explanation:

Working through the chain, we have ...

Feb = 1.10×Jan

Mar = 0.85×Feb = 0.935×Jan

Apr = 1.20×Mar = 1.122×Jan

May = 0.90×Apr = 1.0098×Jan

Jun = 1.05×May = 1.06029×Jan

The multiplier that is closest to 1 is 1.0098, so May has sales closest to January.

_____

The percentage increase or decrease can be converted to a multiplier by adding it to 1. If p% is the percentage change, then adding it to an original value looks like ...

original + p% × original = original × (1 +p%) . . . . . . . distributive property

And p% translates to a decimal number by replacing % with /100 or ×0.01.

10% increase: original × (1 + 10/100) = original × 1.10

15% decrease: original × (1 - 15/100) = original × 0.85

6 0

3 years ago

Chaucer explores the idea that appearances can be deceiving through the character of the old woman. how does this theme relate t

Inessa [10]

Since the plot of "The Wife of Bath's Tale" has at its heart a loathly lady who shape-shifts into a beautiful, young damsel, we might expect appearances to be important here. And they are, just not for the reason you might think. For instead of this being a tale about how a knight learns to appreciate people for what's on the inside and that outer appearances don't matter, it's a tale about how a knight learns to give up sovereignty to his wife. That sovereignty includes power over the body. The loathly lady's physical appearance becomes an important symbol of that body, so that, at the end of the tale, when she offers her husband a choice about how he wants her to look, she's in essence offering him control of her body. He grants this control back to her, thus proving his understanding of the doctrine of women's sovereignty in marriage. Medieval stories don't necessarily go in for the whole 'appearances don't mean anything' maxim anyway, as we've seen in the "General Prologue<span>."</span>

7 0

3 years ago

Which of the following algebraic equations is equivalent to ?

ipn [44]

If it's mutiple choice can I see the options :) would make this easier

8 0

3 years ago

Read 2 more answers

5.6803 kg has _ significant figure

Monica [59]

5 sig figs is the correct answer

5 0