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givi [52]
2 years ago
6

If you deposit $400 into an account that offers a 5% interest rate. How much interest will you earn after 1 year?​

Mathematics
1 answer:
DIA [1.3K]2 years ago
5 0

Answer:

Answer: The answer is $20

Multiply 400 by .05 or 5%.

If you wanna know 6 years it would be 536 usd

Explanation:

This would be an compound interest. Meaning that your gain every year would increase exponentially.

The equation to calculate this would be: Kn = K0⋅

(1+p100)n Kn is your savings after the period nK0 is your starting deposit p is the percentage n is the period of interest for your example we would have.

Kn=400⋅

(1+5100)6

Step-by-step explanation:

CREDIT FOR ANSWER GOES TO  

calderonj4588

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Answer:

Step-by-step explanation:

↔Start of with your 'solution section' to make sure you have the right things↔

↔Solution 1 ➡ 4(x) + 9(y) = 16  

↔Solution 2 ➡ 6(x) - 9(y) = 8

-----------------------------------------------------------------

▪Looking for the value of the 'x'-intercept ⬇▪

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↪x-intercept: 32✅

↪y-intercept✅

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ZanzabumX [31]

Answer:

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Step-by-step explanation:

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