Discover new perspectives and gain insights with IDNLearn.com's diverse answers. Ask your questions and get detailed, reliable answers from our community of experienced experts.
Sagot :
3. $3744
4. $8464.50
5. I do not think that the correct answer is in the options provided.
4. $8464.50
5. I do not think that the correct answer is in the options provided.
Answer: The answers are (3). $3744, (4). $8464.50, (5). $62060.
Step-by-step explanation: The calculations are as follows :
(3) Here, P = $1200, r% = 4%, T=3 years.
Therefore, Simple Interest is given by
[tex]S.I.=\dfrac{PrT}{100}=\dfrac{1200\times 4\times 3}{100}=144.[/tex]
So, the amount of money Ben will have at the end of third summer will be
[tex]A=3P+144=3\times 1200+144=3600+144=3744.[/tex]
Thus, the amount is $3744.
(4) Here, P = $2700, r% = 4.5%, T=3 years.
Therefore, Simple Interest is given by
[tex]S.I.=\dfrac{PrT}{100}=\dfrac{2700\times 4.5\times 3}{100}=364.5.[/tex]
So, the amount of money Josh will have at the end of third summer will be
[tex]A=3P+364.5=3\times 2700+364.5=8100+364.5=8464.5.[/tex]
Thus, the amount is $8464.5
(5) Here, P = $14500, r% = 7%, T=4 years.
Therefore, Simple Interest is given by
[tex]S.I.=\dfrac{PrT}{100}=\dfrac{14500\times 7\times 4}{100}=4060.[/tex]
So, the amount of money Emily will have at the end of fourth year will be
[tex]A=4P+4060=4\times 14500+4060=58000+4060=62060.[/tex]
Thus, the amount is $62060.
Your engagement is important to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Your questions find answers at IDNLearn.com. Thanks for visiting, and come back for more accurate and reliable solutions.