I need hewp again still math hw
@AZ @supie
We have to use the simple interest formula A = P * (1 + rt) A is your final amount that you earn with interest P is called principle, it's the amount you start with or the initial amount r is your rate t is time (in years)
So for your question, let's first look at account 1 He's depositing 2,500. Account 1 earns 4% interest rate. We want to know how much money he makes at the end of 3 years. So we're trying to find A we know that P = 2500 t = 3 r = 4% First, what is 4% as a decimal?
0.04
good so our formula was A = P * (1 + rt) can you plug in all the values? or do you need help with that :)
A= 2,500*(1+,04 3) ? or wrong?
yes now first multiply 0.04 and 3
0.12
so now we have A= 2,500*(1+ 0.12) can you solve for A? We have to first do the parenthesis and then multiply by 2,500
1.12* 2,500?
yes and what is A =
3125
-_- is my calculator different? lol
try again, you probably didn't press the right buttons 1.12 * 2500 =
\(\color{#0cbb34}{\text{Originally Posted by}}\) @snowflake0531 -_- is my calculator different? lol \(\color{#0cbb34}{\text{End of Quote}}\) Wdym?
\(\color{#0cbb34}{\text{Originally Posted by}}\) @06natrod52378 \(\color{#0cbb34}{\text{Originally Posted by}}\) @snowflake0531 -_- is my calculator different? lol \(\color{#0cbb34}{\text{End of Quote}}\) Wdym? \(\color{#0cbb34}{\text{End of Quote}}\) i mean it's wrong-- like what AZ said
2800
yeppi
so that was for account 1 we still have account 2: P is the same 2500 t is the same 3 but now the rate or `r` is 5% so A = P *(1 + rt) can you do it by yourself now? Make sure to change 5% to a decimal first
The 2ed one is "2875"? or no?
yea that's what I got follow AZ
\(\color{#0cbb34}{\text{Originally Posted by}}\) @jesternmais yea that's what I got follow AZ \(\color{#0cbb34}{\text{End of Quote}}\) What?
Good! That's right
ok ty
yep it is
Now your question asks what is the SUM of account 1 and account 2 so what is 2800 + 2875 =
5675
and that's your answer!
Thank you so much
You are most welcome!!
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