Which statement corresponds to the values of x shown on the following number line? (Gray line is answer, dark black line is just
number line)
a) -4 5x<2
b) -4 c) -45x>2
d) -42 x > 2
a) -4 5x<2
b) -4 c) -45x>2
d) -42 x > 2
1 answer:
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Answer:
Given: Principal(P) = $ 5000 , T = 3.5 years and R = 5%.
Using the formula of Simple Interest (I) given by;
.......[1] , where P is the Principal amount of money to be invested, R be the rate of interest and T be the time.
Substitute the given values of P , R and T in [1] we have;
Simplify:
An Ending balance is calculated by subtracting cash outflows, interest paid for financing and principal paid on financing.
Ending Balance = $ 5000 + $ 175 = $ 5,175.
Therefore, the ending balance is $ 5,175