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Korolek [52]
2 years ago
7

Bill deposits $3,000 into an account that pays simple interest at a rate of 3% per year. How much interest will he be paid in th

e first 4 years?
Mathematics
1 answer:
Sholpan [36]2 years ago
6 0

Answer:

The interest he will be paid in the first 4 years is $360

Step-by-step explanation:

The rule of the simple interest is I = Prt, where

  • P is the initial deposit
  • r is the rate in decimal
  • t is the time

∵ Bill deposits $3,000 into an account

∴ P = 3000

∵ The account pays simple interest at a rate of 3% per year

∴ r = 3% = 3 ÷ 100 = 0.03

∵ The time is 4 years

∴ t = 4

→ Substitute these values in the rule above

∵ I = 3000(0.03)(4)

∴ I = 360 dollars

∴ The interest he will be paid in the first 4 years is $360

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Use your creativity... Write a short story/problem/question that can be described by the scenario of 4 divided by 1/2
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7 0
3 years ago
Layana’s house is located at (2 and two-thirds, 7 and one-third) on a map. The store where she works is located at (–1 and one-t
NeTakaya

We have been given that Layana’s house is located at (2\frac{2}{3}, 7\frac{1}{3}) on a map. The store where she works is located at (-1\frac{1}{3}, 7\frac{1}{3}).

We are asked to find the distance from Layana’s home to the store

We will use distance formula to solve our given problem.

Let us convert our given coordinates in improper fractions.

2\frac{2}{3}\Rightarrow \frac{8}{3}

7\frac{1}{3}\Rightarrow \frac{22}{3}

-1\frac{1}{3}\Rightarrow -\frac{4}{3}

Now we will use distance formula to solve our given problem.

D=\sqrt{(x_2-x_1)^2+(y_2-y_1)^2}

Upon substituting coordinates of our given point in above formula, we will get:

D=\sqrt{(\frac{22}{3}-\frac{22}{3})^2+(\frac{8}{3}-(-\frac{4}{3}))^2}

D=\sqrt{(0)^2+(\frac{8}{3}+\frac{4}{3})^2}

D=\sqrt{0+(\frac{8+4}{3})^2}

D=\sqrt{(\frac{12}{3})^2}

D=\sqrt{(4)^2}

D=4

Therefore, the distance from Layana's home to the store is 4 units and option A is the correct choice.

3 0
3 years ago
Read 2 more answers
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