Troy invests $540 in a savings account that earns a simple interest

Mathematics

2 answers:

GaryK [48]2 years ago

7 0

Answer/step-by-step explanation:

Well, we first need to find out what 2.3 of $540 is.

540 x 2.3 = 1,242.

Now, we need to find what the yearly interest rate is over the course of four years.

1,242 x 4 = $4,968.

Therefore, Trey will have earned $4,968 after four years.

To complete this problem, we need to add this to his original balance, or $540.

4,968 + 540 = 5,508

Therefore, Trey would make a total of $5,508 after four years.

Hope this helps! :D

Crazy boy [7]2 years ago

4 0

wish i could help bro bro.

You might be interested in

Kevin, Michael and Darren all do their own laundry at home. Kevin does his laundry every 9 days, Michael every 10 days, and Darr

VladimirAG [237]

Answer:

In 180 days the three of them will do their laundry again on the same day.

Step-by-step explanation:

we need to find the least common factor or 9, 10 and 12:

LCM(9, 10, 12) = 180

5 0

3 years ago

Read 2 more answers

Use the graph below to fill in the blank with the correct number

Contact [7]

Where is the graph to fill in

4 0

3 years ago

Simplify the complex fraction. 8/5 divide by 6 3/4 *

hichkok12 [17]

Step-by-step explanation:

$\frac{8}{5}$ ÷6 $\frac{3}{4}$

First, simplify the 6 $\frac{3}{4}$ to an improper fraction, which is:

$\frac{27}{4}$

Next rewrite the equation using the improper fraction:

$\frac{8}{5}$ ÷ $\frac{27}{4}$

Now, in order to divide the fraction, we will need to flip the second fraction over, and then multiply the two fractions together. A great way to remember this is the phrase Copy Dot Flip - Copy the first fraction, put a dot for multiplication, and flip the second fraction.

$\frac{8}{5}$ · $\frac{4}{27}$