Joe is saving all the money from his job mowing lawns. He currently has $250 and earns $50
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Answer:
$140
General Formulas and Concepts:
<u>Pre-Algebra</u>
Order of Operations: BPEMDAS
- Brackets
- Parenthesis
- Exponents
- Multiplication
- Division
- Addition
- Subtraction
- Left to Right<u> </u>
<u>Algebra I</u>
Simple Interest Rate Formula:
- <em>P</em> is principle amount
- <em>r</em> is rate
- <em>t</em> is time
Step-by-step explanation:
<u>Step 1: Define</u>
<em>Identify variables</em>
<em>P</em> = 100
<em>r</em> = 4% = 0.04
<em>t</em> = 10
<u>Step 2: Find Interest</u>
- Substitute in variables [Simple Interest Rate Formula]: A = 100(1 + 0.04 · 10)
- (Parenthesis) Multiply: A = 100(1 + 0.4)
- (Parenthesis) Add: A = 100(1.4)
- Multiply: A = 140