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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Answer:
The area of the circle with a radius of 5 cm is 78.5
π·5^2=78.5
Answer:
True, since 1 is 1/1, which is 100%
<em>Hope that helps! :)</em>
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7 and 8
Step-by-step explanation:
7 X 7= 49 8 X 8= 64 and you can't get closer unless you make it a decimal
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Step-by-step explanation: