Given Information:
Principle amount = P = $6,000
Interest rate = r = 4% = 0.04
Period in years = t = 5
Required Information:
How much interest will he earn in 5 years = ?
Answer:
Amount of interest = $1,299.92
Step-by-step explanation:
Using the formula given in the question,
Where B is the final amount, P is the initial amount, r is the interest rate and t is the number of years
The amount of interest earned is
Therefore, Quincy has earned $1,299.92 in terms of interest by investing $6,000 in a savings account at the rate of 4% annual interest for a period of 5 years.
Answer:
36
Step-by-step explanation:
i multpliy 9x4=36
Answer:
y = -2/3x + 3
Step-by-step explanation:
y = -2/3x + b
5 = -2/3(-3) + b
5 = 2 + b
3 = b
Answer:
Step-by-step explanation:
f(-7) = 5(-7) - 3 = -35 - 3 = -38
First write what are given from the question
We write "<span>Craig scored 12 points in a game" as
</span>⇒ c = 12 <em>(first equation)</em>
We write "<span>Marla scored twice as many points as Craig but 5 fewer than Nelson scored" as
</span>⇒ m = 2c <em>(second equation)</em>
⇒ m = n - 5 <em>(third equation)</em>
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Second, find the expression for n based on what we write above
</span>From the second and third equation
⇒ m = m
⇒ n - 5 = 2c
Subtitute from the first equation
⇒ n - 5 = 2c
⇒ n - 5 = 2(12)
⇒ n - 5 = 24
This is the expression to find how many nelson scored
n - 5 = 24
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