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iris [78.8K]
2 years ago
5

If you have $10,000 in a savings account and you earn 8% simple interest, how much money will be in the account after 3 years?

Mathematics
1 answer:
ludmilkaskok [199]2 years ago
4 0

Answer:

$ 12400

Step-by-step explanation:

P =$10,000

r= 10%

t = 3 year

I = P*r*t=\dfrac{10000*8*3}{100}

I = $ 2400

Amount = P + I = 10000 + 2400 = $ 12,400

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So, we know the center is at -3,-1, ok

hmmm what's the radius anyway?   well, we know that there's a point at 1,2 that is on the circle's path...hmmmm what's the distance from the center to that point?  well, is the radius, let's check then.

\bf \textit{distance between 2 points}\\ \quad \\
\begin{array}{lllll}
&x_1&y_1&x_2&y_2\\
%  (a,b)
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%  (c,d)
&({{ 1}}\quad ,&{{ 2}})
\end{array}\qquad 
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\\\\\\
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\\\\\\
r=\sqrt{16+9}\implies r=\sqrt{25}\implies r=5

so, what's the equation of a circle with center at -3, -1 and a radius of 5?

\bf \textit{equation of a circle}\\\\ 
(x-{{ h}})^2+(y-{{ k}})^2={{ r}}^2
\qquad 
\begin{array}{lllll}
center\ (&{{ h}},&{{\quad  k}})\qquad 
radius=&{{ r}}\\
&-3&-1&5
\end{array} 
\\\\\\\
[x-(-3)]^2+[y-(-1)]^2=5^2\implies (x+3)^2+(y+1)^2=25
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