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chubhunter [2.5K]
3 years ago
5

You are starting a savings account for college. You put $1,000 in as your starting balance. You earn simple interest at 10% ever

y year. You also must pay 30% income tax on the interest earned annually. Calculate the interest, balance, tax paid, and the overall balance of the account after taxes.
Mathematics
1 answer:
Brums [2.3K]3 years ago
7 0

Answer:

— Use NerdWallet to find a better bank account. ... Compound interest is simple: It's the interest you earn on both your original deposit and on the ...

Step-by-step explanation:

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3 years ago
$600 invested at 5% compounded daily after a period of 3 years.
alisha [4.7K]

Answer:

$697.09

Step-by-step explanation:

The computation of the investment after 3 years is shown below:

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The longer leg of a right triangle is 4m longer than the shorter leg. the hypotenuse is 8m longer than the shorter leg. find the
liubo4ka [24]
Let the shorter leg = a.
The longer leg, b = a + 4.
The hypotenuse, c = a + 8

a^2 + b^2 = c^2

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a^2 - 8a - 48 = 0

(a - 12)(a + 4) = 0

a - 12 = 0   or a + 4 = 0

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a = -4 is discarded because it is negative.

a = 12
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The lengths are 12 m, 16 m, and 20 m.
8 0
3 years ago
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