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2 years ago

6

$2,275 is deposited into an account that earns 4% simple interest for 5 years. What is the amount of extra money earned over thi

s period?
Can anyone solve this?

2 answers:

Alborosie2 years ago

8 0

It would be 455 hope this helps!

Cerrena [4.2K]2 years ago

5 0

Answer:

455

Step-by-step explanation:

455×10²

P:$2,275

R:4%

T:5

P:$2,275

subtitle:R: 4%into formula

T:5

5×2275×0.04

5×(2275×0.04)

5×91

answer:455

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$\Large\texttt{Answer}$

$\bf{\cfrac{1}{2}}$

$\overline{\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad}$

$\Large\texttt{Process}$

Do you remember that we cannot add fractions when they have unlike denominators? We can onyl add fractions as long as they have the same denominator!

So here's the big idea: fractions must have the same denominator.

If we multiply the first fraction by 2, then both fractions will have the same denominator. *

* <em>Why 2??</em>

<em />

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So that's why we multiply the whole fraction by 2

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Watch what happens

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