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leonid [27]
2 years ago
8

Greg deposits $500 into an account that pays simple interest at a rate of % 3 per year. How much interest will he be paid in the

first 6 years?
Mathematics
1 answer:
Klio2033 [76]2 years ago
6 0

Answer: 90 dollars

Work Shown:

i = p*r*t

i = 500*0.03*6

i = 90

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Let our basis be worth 1 dollar. A nickel's worth is $0.05. In order to come up with $1, the number of nickels should be:

Number of nickels = $1 * 1 nickel/$0.05 = 20 nickels
Thickness of 20 nickels = 20 nickels * 1.95 mm = 39 mm

Let's do the same for the quarters. Each quarter is worth $0.25.

Number of quarters = $1 * 1 quarter/$0.25 = 4 quarters
Thickness of 4 quarters = 4 quarters * 1.75 mm = 7 mm

Find the ratio of the two:
39 mm/7 mm = 5.57

Therefore, a stack of nickels is 5.57 times thicker than a stack of quarters worth one dollar.
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Solve in(5x+7)=8 round to the nearest thousandth
Ivan

Answer:

x=\frac{1}{5}

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Step-by-step explanation:

(5x+7)=8

5x+7=8

Subtract 7 from both sides.

5x+7-7=8-7

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Divide both sides by 5.

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