You didn’t specify the amount of years. But the equation for simple interest is I= Prt. To find the simple interest she will earn in x amount of years, you must multiply 1,025 by 0.05. Then you must multiply the answer of that to the number of years you will keep the money in the savings account. After that, you will get the interest after x number of years. Equation - I = 1,025x0.05x(time in years).
Answer: $20,780.10
Step-by-step explanation:
You need the Compound Interest Formula
A = P(1 + r/n)^nt
Step 1: Create the equation.
12,000(1 + 0.08/2)¹⁴
Step 2: Solve the equation.
Follow PEMDAS (parenthesis, exponents, multiplication...)
Parenthesis: (1 + 0.08/2) = (1 + 0.04) = (1.04)
Exponents: (1.04)¹⁴ = (1.73168)
Multiplication: 12,000(1.73168) = 20,780.1
Answer:4
Step-by-step explanation:
Answer:
Option F
Step-by-step explanation:
Let the number be n.
Sum of a number and 5 is n + 5.
Sum of a number and five divided by fifteen is
( n + 5 ) / 15
