1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vinvika [58]
3 years ago
11

1.) A man invested $600 at 8% per annum for 5 years. Calculate: a.) The simple interest payable b.) The total amount of money th

e man collected at the end of the 5-year period. 2.) Mr. Ford invested $12 450 in a bank at 7.25% per annum simple interest for 6 years. Calculate: a.) The interest he was paid b.) The total of amount of money he would have received at the end of the period of investment. 3.) The simple on $15 000 for 9 years is interest is paid when $800 is invested for 5 years.
Mathematics
1 answer:
Bezzdna [24]3 years ago
7 0

Answer:

Following are the solution to this question:

Step-by-step explanation:

Using formula:

\text{Simple Interest} = \frac{P \times R \times T}{100} \\\\\text{ Total amount} = \text{principle}+  \text{Simple Interest}

In question (1):

Principle= \$ 600\\Rate = \ 8 \%\\Time= \ 5

In point a:

\to \frac{P \times R \times T}{100} \\\\\to \frac{(600 \times  8 \times 5)}{100}\\\\ \to  240

In point b:

\to amount = principle \ +\ simple \ interest

                 = 600 + 240 \\\\= 840

In question (2):

Principle= \$ 12,450\\Rate = \ 7.25 \%\\Time= \ 6

In point a:

\to \frac{P \times R \times T}{100} \\\\\to \frac{(12,450 \times  7.25 \times 6)}{100}\\\\ \to  5,415.75

In point b:

\to amount = principle \ +\ simple \ interest

                 = 12,450 + 5,415.75 \\\\= 17,865.75

The 3 question is incomplete, that's why it can't be solved.

You might be interested in
Mike is overdrawn at the bank by $18. His sister has $23 more than him. How much does
alexandr402 [8]

Answer:

$41?

Step-by-step explanation:

Well, if he's overdrawn, then he doesn't have any money, he owes money. But I'm assuming they want to add. The sister has $23 more than he does, so add.

18+23=41.

So his sister has $41.

--

hope it helps

6 0
3 years ago
Read 2 more answers
Whats the gcf of 60 and 70??
natulia [17]

Answer:

10

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
Find the area of the rectangles in the chart. Please NEED HELP
dalvyx [7]

Answer:

1- 42

2- 90

3- 45

Step-by-step explanation:

lxw=area

4 0
3 years ago
Read 2 more answers
Enter the value of 12x-2 when x = 3.
alina1380 [7]

Answer:

34

Step-by-step explanation:

12(3)-2

36-2

34

3 0
2 years ago
Read 2 more answers
Evaluate the expression 3x+2
scoray [572]

It's  3x+2 because 3 ÷2 is 6 so it's  3x+2

3 0
3 years ago
Other questions:
  • A laboratory technician needs to make a 108​-liter batch of a 20​% acid solution. How can the laboratory technician combine a ba
    12·1 answer
  • Which of the following describes a compound
    6·1 answer
  • Julie spent $57.83 for her party. She spent some of the money on decorations and $39.59 on food. How much did Julie spend on dec
    9·2 answers
  • Decimal Operations:<br> (Round to the nearest thousandth.) <br> 0/0.75
    8·1 answer
  • 503,246 in word form please help me
    6·1 answer
  • I need some help here
    11·1 answer
  • A girl walks 5000 m in one hour if the girl walks at the same speed for four hours how many Kilometers will she have walked
    15·2 answers
  • What does any order grouping mean when adding expressions<br><br> Which properties are used?
    13·2 answers
  • Find the slope (-2,1)and (1,2.5)
    5·1 answer
  • Use the formula to find the total sum for the interior angles for a polygon with 7 sides.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!