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seraphim [82]
3 years ago
12

Mrs. Mashell is opening a college savings account for her daughter Janese. She deposited $4,000 into the account at a simple int

erest rate of 5% earned annually. How long will it take Mrs. Mashell to earn $1,200 in interest?
Mathematics
2 answers:
Elden [556K]3 years ago
5 0

Answer:

6

Step-by-step explanation:

vazorg [7]3 years ago
5 0

Mrs Mashell would earn an interest of $1200 in 6 years.

Simple interest is the interest that is earned on only the amount deposited. The formula for determining simple interest = principal x time x interest rate

In order to determine, how long it would take Mrs. Mashell to earn $1,200 in interest, make time the subject of the formula in the simple interest formula

Time = simple interest / ( principal x interest rate)

$1200 / ( 0.05 x $4000) = 6 years

A similar question was answered here: brainly.com/question/18567359?referrer=searchResults

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Nelson used 35% of his savings account for his class trip in may. If he used 140 from his savings account while on his class tri
Iteru [2.4K]
Ok, so I’m guessing that 35% is $140 and that the question is asking to find the total at first.
Basically,
35% -> $140
So we’re gonna find 100%
1%->140 divide by 35 which is 4
100%-> 4 x 100= $400
And that should be your answer:)
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2 years ago
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