Answer:
$3456
Step-by-step explanation:
We are given;
- Money deposited (principle) as $2,700
- Rate of interest is 3.5%
- Time is 8 years
We are required to determine the amount that will remain after 8 years
- We first need to determine the interest earned after eight years using the simple interest formula.
Simple interest = (Principle × rate × interest periods) ÷ 100
Therefore;
Interest = ($2,700 × 3.5% × 8 yrs)÷ 100
= $756
Then determine the amount after 8 years
Amount = Principle + Interest
Therefore;
Amount = $2700 + $756
= $3,456
Therefore, the money in the account after 8 years is $3456
1. 7x + 9 = 48
7x = 58 - 9
7x = 49
X = 7
Answer:
(9)(9) = .013. (53). 2. A company that manufactures video cameras produces a basic model and a deluxe model. In the past, 40% of cameras sold have been the basic model. Of those basic models sold, 30% of purchasers buy the extended warranty as well. Of the deluxe models sold, 50% purchase the extended warranty,.
Answer:
How much time do i have?
Step-by-step explanation:
Reciprocal: what to multiply a value by to get 1; also known as multiplicative inverse.
