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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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1 year ago
Charlotte measures the distance from the center of a circular garden to its edge and finds it is 43 meters. How long is the path
yanalaym [24]

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3 years ago
Convert the following Celsius degrees to Fahrenheit.
Nat2105 [25]

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3 0
2 years ago
4x+1 ,3x find the value of x
In-s [12.5K]
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6 0
3 years ago
Read 2 more answers
No copy and paste answers.
miss Akunina [59]

Answer:

  2.5 miles

Step-by-step explanation:

The relation between time, speed, and distance is ...

  distance = speed × time

We can define t to be Stanley's swimming time. Then t+0.5 was his running time, and 2(t+0.5) was his biking time. His total distance covered is ...

  64 = 9(t +0.5) +16(2(t +0.5)) +2.5(t)

  64 = 43.5t +20.5 . . . . . . . simplify

  43.5 = 43.5t . . . . . . . . . subtract 20.5

  t = 1 . . . . . . . . . . . . . . divide by the coefficient of t

Stanley swam for 1 hour, so the distance he covered while swimming was ...

  (2.5 mi/h)(1 h) = 2.5 mi

Stanley covered 2.5 miles while swimming.

_____

<em>Additional comment</em>

Stanley ran for 1.5 hours, covering 9×1.5 = 13.5 miles. He biked for 3 hours, covering 16×3 = 48 miles. His total distance was 2.5 +13.5 +48 = 64 miles, as given.

6 0
2 years ago
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