1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rjkz [21]
4 years ago
11

Can someone please explain how to solve this step by step with answer? Thank you.

Mathematics
1 answer:
lidiya [134]4 years ago
4 0

a)

well, she put 4000, and she earned in interest 960, so her accumulated amount is just their sum, 4960.

b)

now, it doesn't say, so we're assuming is <u>simple interest</u>, as opposed to compound interest.


\bf ~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\dotfill&960\\ P=\textit{original amount deposited}\dotfill & \$4000\\ r=rate\to r\%\to \frac{r}{100}\dotfill\\ t=years\dotfill &3 \end{cases} \\\\\\ 960=(4000)(r)(3)\implies \cfrac{960}{(4000)(3)}=r\implies 0.08=r \\\\\\ \stackrel{\textit{converting to percentage}}{r=0.08\cdot 100}\implies r=\stackrel{\%}{8}


c)

let's make the rate 1% greater then, and check


\bf ~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\dotfill\\ P=\textit{original amount deposited}\dotfill & \$4000\\ r=rate\to \stackrel{8+1}{9\%}\to \frac{9}{100}\dotfill&0.09\\ t=years\dotfill &3 \end{cases} \\\\\\ I=(4000)(0.09)(3)\implies I=1080 \\\\[-0.35em] ~\dotfill\\\\ \stackrel{\textit{at 9\%}}{1080}-\stackrel{\textit{at 8\%}}{960}\implies \stackrel{\textit{that much more}}{120}

You might be interested in
Luna ray has 5 orange picks and no green picks you add some green picks so 1 in every 3 picks is orange. How many picks are ther
Black_prince [1.1K]
2 is the answer

I hope this helps!
7 0
3 years ago
The most points you will EVER GETTTTTT i would do more points but brainly doesn't let me
TiliK225 [7]

Answer:

Ah Thanks so much

Step-by-step explanation:

I am so bored by the way...

3 0
3 years ago
Read 2 more answers
Read the following statement. It is cloudy outside. What is the first step of indirectly proving this statement?
EleoNora [17]
Assume if it is cloudy, then you are outside.
5 0
3 years ago
Read 2 more answers
Write 0.09 as a simplified fraction
Illusion [34]
9/100, let me know if this helps.
4 0
3 years ago
Which word indicates that the integer is "negative"?
sweet-ann [11.9K]
Loss
gain means you’re getting more, which is positive
7 0
3 years ago
Read 2 more answers
Other questions:
  • Please help! 25 pts and Brainliest to an answer that shows steps and answers all parts of question.
    10·1 answer
  • Three candidates are running for the office of Grand Satrapy of Vorania. The third- and second-place candidates received $28$ an
    8·2 answers
  • Rewrite 2x^2+6x-8 and x+3 in standard form
    5·1 answer
  • 2. Find f(-1).<br> f(x) = x2-4x+2<br> X+7<br> Round your answer to the nearest hundredth.
    11·1 answer
  • 3 ÷ 3/4 (3/4 Is a fraction
    14·2 answers
  • What is the IQR <br>20<br>24 <br>28​
    12·2 answers
  • Which ordered pairs on the line of the graph of y equals 10<br> x
    10·1 answer
  • 40 is the sum of 15 and Craig's savings.<br> Use the variable c to represent Craig's savings.
    15·2 answers
  • Help Me, Will give 100 points.
    9·2 answers
  • I need some help please
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!