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lana [24]
3 years ago
10

You put $500 in the bank, where it ears 1.5% simple interest every year. How long until your money will triple?

Mathematics
1 answer:
zzz [600]3 years ago
3 0

Answer:

133.33 years

Step-by-step explanation:

Given that:

Principal = $500

Interest rate (r) = 1.5% = 0.015

Triple amount of principal = $500 * 3 = $1500 = final amount (A)

Number of years (t) =?

Using the relation :

A = P(1 + rt)

1500 = 500(1 + 0.015t)

1500 / 500 = 1 + 0.015t

3 = 1 + 0.015t

3 - 1= 0.015t

2 = 0.015t

2 / 0.015 = 0.015t / 0.015

133.333 = t

133.33 years

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murzikaleks [220]

Answer: -11

Step-by-step explanation:

+(-8) can be simplified to -8 because when you multiply a positive sign by a negative sign, the outcome is a negative sign. So your problem is -3-8= and the answer is -11 because when two numbers with the same sign are subtracted/added by each other, the numbers just get added and the sign stays the same. If you're still confused, use a number line. Hope this helps!

6 0
3 years ago
Express 2/3 in minutes
Yuliya22 [10]
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5 0
3 years ago
What is the value of x in the equation 1,331x^4-216=0?
yarga [219]
The value of x will be obtained as follows:
1331x^4-216=0
1331x^4=216
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8 0
3 years ago
Currently, there are 1,460 wolves in Scataway National Park. If the population of wolves is growing at a rate of 6% every year,
VARVARA [1.3K]

Answer:

P(t) = 1460(1.06)^t

Step-by-step explanation:

Exponential equation for population growth:

The exponential equation for a population after t years is given by:

P(t) = P(0)(1+r)^t

In which P(0) is the initial population and r is the growth rate, as a decimal.

Currently, there are 1,460 wolves in Scataway National Park.

This means that P(0) = 1460

Growing at a rate of 6% every year:

This means that r = 0.06. So

P(t) = P(0)(1+r)^t

P(t) = 1460(1+0.06)^t

P(t) = 1460(1.06)^t

6 0
3 years ago
The price of an item has been reduced by 25% . The original price was $20 . What is the price of the item now?
Verizon [17]

Answer:

ok for this problem lets subtract 25 for 100 to get 75 so know we know we have to multiple 20 by 0.75 to get 15 dollars for the reduced price

5 0
3 years ago
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