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Yakvenalex [24]

3 years ago

12

Ruiz invests $55 at a simple interest rate of 4%. How much interest will he earn after 5 years?

1 answer:

Yanka [14]3 years ago

7 0

To answer this item, I assume that it is compounded yearly such that the amount of interest (I) from the given present worth (P), interest rate (i) and the number of years (n) is calculated through the equation,
I = P x (1 + i)^n - P
Substituting,
I = ($55) x (1 + 0.04)^5 - $55
I = 11.91
The answer is nearest to the first choice, $11.

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IRINA_888 [86]

Use 12 into the equation 2+0.35m

2 + 0.35(12)

Follow PEMDAS

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E= Exponents

M= Multiplication

A= Addition

S= Subtraction

2+0.35(12)

= 2 +4.2

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3 years ago

Help please show work

BARSIC [14]

Answer:

ok first you do the small one. 13 * 5 * 1/2 = 32.5 then you do 35 *1/2=17.5. you then divide 32.5/17.5=1.86

Step-by-step explanation:

4 0

3 years ago

Read 2 more answers

Why does (x-2)^2+9=0 have no real solutions?

alex41 [277]

Answer:

see explanation

Step-by-step explanation:

Given

(x - 2)² + 9 = 0 ( subtract 9 from both sides )

(x - 2)² = - 9 ( take the square root of both sides )

x - 2 = ± $\sqrt{-9}$

$\sqrt{-9}$ yields no real solutions

There is no real number when multiplied by itself gives - 9

In fact the solutions to $\sqrt{-9}$ are said to be imaginary, that is ± 3i

where i = $\sqrt{-1}$

If interested investigate further.

7 0

3 years ago

Jillian is using integer tiles to add 7 + (negative 2). She uses the steps below.Step 17 positive tiles.Step 27 positive tiles a

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Step-by-step explanation:

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3 0

2 years ago

18,000 amounts to 21,600 in 4 years at simple interest. Find the sum of

AnnyKZ [126]

Answer:

$\$20,400$

Step-by-step explanation:

we know that

The simple interest formula is equal to

$A=P(1+rt)$

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest

t is Number of Time Periods

step 1

Find the rate of interest

in this problem we have

$t=4\ years\\ P=\$18,000\\ A=\$21,600\\r=?$

substitute in the formula above and solve for r

$\$21,600=\$18,000(1+4r)$

$1.2=(1+4r)$

$4r=1.2-1$

$r=0.2/4=0.05$

The rate of interest is $5\%$

step 2

Find the sum of money that will amount to 25,500 in 5 years, at the same rate of interest

in this part we have

$t=5\ years\\ P=?\\ A=\$25,500\\r=0.05$

substitute in the formula above and solve for P

$\$25,500=P(1+0.05*5)$

$P=\$25,500/(1.25)=\$20,400$

3 0

3 years ago