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Tema [17]
3 years ago
5

Tim’s savings account pays a simple annual interest rate of 3.5%. Suppose he deposits $5,500 in the account and makes no additio

nal deposits or withdrawals for 5 years. What will the total value of the account be after 5 years?
Mathematics
1 answer:
dimaraw [331]3 years ago
6 0

$6462.5

Simple Interest = (Principal × Rate × Time) / 100

SI = (P×R×T) / 100

P = 5500

R = 3.5

T = 5

[substitute the values into the formula]

SI = (5500 × 3.5 × 5) / 100

SI = 96250 / 100

SI = 962.5

Total = Principal + Simple Interest

T = P + SI

T = 5500 + 962.5

T = 6462.5

The total value of the account after 5 years will be $6462.5

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  C.  -7x

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The distance she has walked around a swimming pool is 44 ft.

What is circumference?

The circumference of the circle is the length of the curve traced out from the fixed point which is equidistant from the locus of the curve.

Given that:-

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