Answer:
$600 interest will be paid in the first 5 years
Step-by-step explanation:
Simple interest is calculated only on the principal or initial amount deposited. Jim deposits 6000 into an account that pays simple interest at a rate of 2% per year. The formula for simple interest is expressed as
I = PRT/100
Where
I represents interest after the given time.
R represents the interest loan on the principal.
T represent number of time in years.
P represents principal or initial amount deposited.
From the information given,
R = 2
P = 6000
T = 5
I = (6000 × 2 × 5)/100 = $600
This is what it would look like if graphed
Answer:
B:31.5
Step-by-step explanation:
Find areas of both rectangles by multiplying the 2 given values (12 & 15)
Take the sides parallel to the triangles non-hypotenuse sides (3 & 3)
Take both values and add them over 2
Receive the answer 4.5
Add that to the rectangle values for an answer of 31.5
Hope this helps
Have a good day
A= P(1 + r/n) ^nt
=8000(1+0.08/2)^8x2
=8000(1.04)^16
=$14983.85
Answer:
1 cm 6mm
Step-by-step explanation:
10mm=1cm
