Frank invests $1,000 in simple interest investment account that pays 8% a year. After a number of years, he withdraws his balanc
1 answer:
There are 15 years was his money invested.
<h3>What is simple interset?</h3>Simple Interest is an easy method of calculating the interest for a loan/principal amount.
Given
Frank invests $1,000 in simple interest investment account that pays 8% a year.
After a number of years, he withdraws his balance of $2,200.
The number of years was his money inversted is;
Where p is the principal amount, r is the rate of interest, I is the amount and t is the time.
Substitute all the values in the formula;
Hence, in the 15 years was his money invested.
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D. 192in^2
This would be a simple area problem with a triangle. REMEMBER THIS EQUATION: a=bh*1/2 (b for base and h for height, these are multiplied together then that answer is halved out.)
So we just need to plug in our values into the equation, so the equation would look like a= (16)*(24)*1/2. 16 times 24 would then give you 384, you could either divide by 2 or multiply by 0.5 to get the next answer, as long as your HALVING the answer.
So we have our bh value so now we can multiply by 1/2 which will give us 384*1/2 which leaves us with 192.
I have also attached a photo of doing a longer(ish) way than this, that also proves that this equation works. Either one will provide you an answer.
This would be a simple area problem with a triangle. REMEMBER THIS EQUATION: a=bh*1/2 (b for base and h for height, these are multiplied together then that answer is halved out.)
So we just need to plug in our values into the equation, so the equation would look like a= (16)*(24)*1/2. 16 times 24 would then give you 384, you could either divide by 2 or multiply by 0.5 to get the next answer, as long as your HALVING the answer.
So we have our bh value so now we can multiply by 1/2 which will give us 384*1/2 which leaves us with 192.
I have also attached a photo of doing a longer(ish) way than this, that also proves that this equation works. Either one will provide you an answer.