Mathematics
05.07.2020 19:24
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Asavings account pays 1/2% simple interest per year. anna opens an account and deposits
Asavings account pays 1/2% simple interest per year. anna opens an account and deposits $600. after that, she does not withdraw or deposit any more money? how much will be in the account after on year?
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kaylynchalman
4,5(44 marks)
$603
Step-by-step explanation:
The amount of interest is given by ...
I = Prt
where P is the principal ($600), r is the interest rate (0.005), and t is the time in years (1). Then the amount of interest after 1 year is ...
I = $600·.005·1 = $3
That is added to the account balance, so the total is ...
$600 + $3 = $603 . . . . end-of-year balance
o11011195
4,7(6 marks)
32 performance = $295.55
1 performance = 299.55 ÷ 32 = $9.24
4 performance = $9.24 x 4 = $36.96
It will cost $36.96.
1 performance = 299.55 ÷ 32 = $9.24
4 performance = $9.24 x 4 = $36.96
It will cost $36.96.
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