Ask your own question, for FREE!
Mathematics 20 Online
06natrod52378:

I need hewp again still math hw

06natrod52378:

1 attachment
sophia333:

@AZ @supie

AZ:

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)

AZ:

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?

06natrod52378:

0.04

AZ:

good so our formula was A = P * (1 + rt) can you plug in all the values? or do you need help with that :)

06natrod52378:

A= 2,500*(1+,04 3) ? or wrong?

AZ:

yes now first multiply 0.04 and 3

06natrod52378:

0.12

AZ:

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

06natrod52378:

1.12* 2,500?

AZ:

yes and what is A =

06natrod52378:

3125

snowflake0531:

-_- is my calculator different? lol

AZ:

try again, you probably didn't press the right buttons 1.12 * 2500 =

06natrod52378:

\(\color{#0cbb34}{\text{Originally Posted by}}\) @snowflake0531 -_- is my calculator different? lol \(\color{#0cbb34}{\text{End of Quote}}\) Wdym?

snowflake0531:

\(\color{#0cbb34}{\text{Originally Posted by}}\) @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

06natrod52378:

2800

snowflake0531:

yeppi

AZ:

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

06natrod52378:

The 2ed one is "2875"? or no?

jesternmais:

yea that's what I got follow AZ

06natrod52378:

\(\color{#0cbb34}{\text{Originally Posted by}}\) @jesternmais yea that's what I got follow AZ \(\color{#0cbb34}{\text{End of Quote}}\) What?

AZ:

Good! That's right

06natrod52378:

ok ty

jesternmais:

yep it is

AZ:

Now your question asks what is the SUM of account 1 and account 2 so what is 2800 + 2875 =

06natrod52378:

5675

AZ:

and that's your answer!

06natrod52378:

Thank you so much

AZ:

You are most welcome!!

5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
5StarChloe:

1 attachment
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Latest Questions
MakaylaChuck23: Help wats this
3 hours ago 2 Replies 0 Medals
MakaylaChuck23: uh oh
6 hours ago 1 Reply 0 Medals
Treeko: Pics I took w my friend !
7 hours ago 6 Replies 2 Medals
Aliciaa: Is anyone elses QC going wack? Mine keeps freezing and stuff
5 hours ago 26 Replies 1 Medal
autumnp: does anyone have bandlab?
8 hours ago 4 Replies 0 Medals
Jeromeccv: Art for @vanessad123
5 hours ago 49 Replies 4 Medals
ohhhhhhhhhhhhhh: how do i slim my waist fast
8 hours ago 4 Replies 1 Medal
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!