Steve will earn $160 interest after four years ⇒ 1st answer
Step-by-step explanation:
The formula of the simple interest is I = Prt, where
- P is the initial deposit
- r is the annual rate in decimal
- t is the time of investment
∵ Steve opens a bank account with a simple annual interest rate of 5%
∴ r = 5% = 5 ÷ 100 = 0.05
∵ His initial deposit is $800
∵ He will put the money for four years
∴ t = 4
- Substitute all these values in the formula above
∵ I = 800(0.05)(4)
∴ I = 160
Steve will earn $160 interest after four years
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The product of one term of a multiplicand and one term of its multiplier
Hello!
Three decimals less then 0.85 are:
1) 0.4
2) 0.5
3) 0.6
I hope it helps!
T=4(r-1.5)
4(3.59-1.5)=t= 8.36 dolla
Enjoy.
Answer:
each of them has to pay $11.5 individually
Step-by-step explanation:
The computation of the amount paid by each one is shown below:
As carla and Ana gone for an icecream and the bill is $23 that should be divided equally
So here the carla should pay
= $23 ÷ 2
= 11.5
And, Ana should pay
= $23 ÷ 2
= $11.5
Hence, each of them has to pay $11.5 individually
