will deposited $1550 in an account that pays 8% annually. How much would be in the account at the end of 24 months?
2 answers:
You might be interested in
In 1970, a record 1.5 inches of rain fell in one minute at Brasse Terre, Guadalupe in the Caribbean. At this rate how much rain fell in 3 seconds or 0.05 of a minute? A 3 inches... B 0.075 inch... C 0.75 inch... D 30 inch. Pick one. Evan chose D as the correct answer. How did he get that answer?
Answer:
Option B is correct.
Step-by-step explanation:
Given.
The rain fall rate is 1.5 inches per minute.
How much rain fall in 3 second or 0.05 of minute?
First we find rain fall rate in one second.
So, 0.025 inches of rain fall in one second.
Therefore, the rain fall in 3 second is
The rain fall in 3 second is 0.075 inches.
If you chose option D is correct
If the rain fall is continue to 20 min at the rate of 1.5 inches per min, then the rain fall will be 30 inches.
The rain fall in 3 second is 0.075 inches.