Answer:
(B) $200,000
Step-by-step explanation:
The value of the simple interest account can be found using the formula ...
A = P(1 +rt) . . . . . where P is the principal invested at rate r for t years
__
Using the given values, we find the value of the account to be ...
A = $125,000(1 +0.04×15) = $125,000(1.6)
A = $200,000
Katie's savings will be worth $200,000 after 15 years.
Answer:
It will take approximately 34 years
Step-by-step explanation:
If a town population is 8000 and grows 3% annually.
How long will it take to reach 16300
growth is 16300 - 8000 = 8300
using simple interest formula
SI = (P × r × t)/100
8300 = (8000 × 3 × t)100
8300= (80 × 3)t
8300 = 240t
t = 8300/240
t ≈ 34 years to the nearest tenth
Answer:
what number
Step-by-step explanation:
what number do you need to know
Answer:
x/3+12=18 x/3=6 x=18 This is 100%