Answer:
£389.4 (interest earned, not total amount of money in account)
Step-by-step explanation:
Interest = principal * rate * time (years)
I = 885 * 0.0275 * 16
I = 398.4
Answer:
$85.174
Step-by-step explanation:
Data provided in the question;
Treasury bond = $2000
Interest rate = 3.7%
Quoted at 115.1 points or 1.151%
Therefore,
the price of the bond = 1.151 × $2000
or
the price of the bond = $2,302
Thus,
the annual interest = Price of the bond × rate
or
the price of the bond = $2,302 × 0.037 = $85.174
Hence, the annual interest in $85.174
Step-by-step explanation:
answers I the above photo
some of the questions are not clear
Answer:
Step-by-step explanation:
Let
x------> account balance
we know that
The inequality that represent when the accounts fall below 
is equal to
Isolate the variable by dividing each side by factors that don't contain the variable.
Exact Form:
x= -1/3
Decimal Form:
x= -0.3 repeating
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