A new bank customer with $5,000 wants to open a money market account. The bank is offering a simple interest rate of 1.8%.
1 answer:
Answer:
a) 900 dollars
b) 5900 dollars
Step-by-step explanation:
The complete question is
A new bank customer with $5,000 wants to open a money market account. The bank is offering a simple interest rate of 1.8%. a. How much interest will the customer earn in 10 years? b. What will the account balance be after 10 years?
solution
a) The simple interest SI
Where P is the principal amount
R is the rate of interest and
T is the time period
Substituting the given values, we get -
SI
dollars
b) Amount is the sum of Principal and simple interest
dollars
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Answer:
72 ft
Step-by-step explanation:
Here, we want to get the maximum height the ball will reach
the maximum height the ball will reach is equal to the y-coordinate of the vertex of the equation
So we need firstly, the vertex of the given quadratic equation
The vertex can be obtained by the use of plot of the graph
By doing this, we have it that the vertex is at the point (3,72)
Thus, we can conclude that the maximum height the ball can reach is 72 ft
