You deposit $20 in a savings account. The account earns 4% simple interest per year. What is the balance after 4 years?

Answers

Answer 1

Answer:

$23.20

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 4%/100 = 0.04 per year,

then, solving our equation

I = 20 × 0.04 × 4 = 3.2

I = $ 3.20

The simple interest accumulated

on a principal of $ 20.00

at a rate of 4% per year

for 4 years is $ 3.20.

Answer 2

Based on the calculations, your balance after four (4) years is equal to $23.2.

Given the following data:

Interest rate = 4% = 0.04.Principal = $20.Time = 4 year

To determine the balance after four (4) years:

How to calculate simple interest.

Mathematically, simple interest is given by this formula:

[tex]I = PRT[/tex]

Where:

S.I is the simple interest.P is the principal or starting amount.R is the interest rate.T is the time measured in years.

Substituting the given parameters into the formula, we have;

[tex]I=20 \times 0.04 \times 4[/tex]

Simple interest = $3.2.

Balance = [tex]3.2 +20[/tex] = $23.2.

Read more on simple interest here: https://brainly.com/question/24341207


Related Questions

How are 4.730 and 4.73 eqivalent

Answers

Because the zero is in both equations but just not written as a zero, there is an invisible zero in 4.73.

Mary has $500 in her checking account and she deposits $100 every month. Which inequality can be used to find how many months it will take until she has more than $1,200?

Answers

Answer:

igvc

Step-by-step explanation:

uhgisjshsushbebeheuwoowjwjwhausisiskjenensjsiskakejbehsusiakwnhe

Gary has 30 blueberry muffins which is 30%Of all blueberry muffins in her basket how many muffins are in her basket

Answers

Answer:

100

Step-by-step explanation:

If 30% of all of her muffins are blueberry muffins, that means that 30% of 100% are blueberry. We want to find how many total muffins there are in her basket. Using a ratio:

30 muffins        30%

-----------------  =  --------

x muffins         100%

Cross multiply:

30 (100) = 30 (x)

3000 = 30x

3000/30 = 30x/30

100 = x

x muffins = 100 muffins

So there are a total of 100 muffins in Gary's basket.

How high off the ground is the hot air balloon?

Answers

Answer: It's 90 feet off the ground.

Solve the quadratic x²-8x+15=0.

Answers

Answer:

x  = 3 or x = 5

Step-by-step explanation:

x2-8x+15 = 0

(x-3)(x-5) = 0

Which of the following equations represents a line that is perpendicular to the line represented by x + 2y = 6 and passes through the point (3 , –4)?

Answers

Answer:

y=2x-10

Step-by-step explanation:

First change to equation into slope intercept form

2y=-x+6

y=-1/2x+3

slope=2 (beacause it is perpendicular)

y--4=2(x-3)

y+4=2x-6

y=2x-10

what is the range of the data below 33, 38, 35.5,39.25, 31.75​

Answers

Answer:

1.25

Step-by-step explanation:

Answer:

7.5

Step-by-step explanation:

you put all numbers from least to greatest then you get the small nd big number nd subtract them

31.75, 33, 35.5, 38, 39.25

39.25 - 31.75 = 7.5

Pls help me I will give brainliest

Answers

Answer:

Step-by-step explanation:

a^8/c

Answer:

a8

b

10

/c

a^8/c

Step-by-step explanation:

Can I pls get the Brainlist

Which expression shows a sum of four terms?
A) 4+ x + 4 + x
B) x4
C) 4(x + 4)
D) 4x

Answers

It is A Bc you see both of the fours and both of the x’s

Which of the following are NOT included in a post-closing trial balance?
A) Owner, Capital and assets B) Assets and liabilities
C) Revenues and expenses D) Common Stock and liabilities

Answers

Answer:

D

Step-by-step explanation:

I do not know if I am right.

help please will mark brainliest

Answers

Answer:

I think 1, 4, 5 and 7

Step-by-step explanation:

helppppp meeeee! brainliestttt fo sho

Answers

the awnser is it's 31.42
The answer would be 31.42 hope this helps:)

What is the answer plz help

Answers

Answer:

same khan is the worst

Step-by-step explanation:

Answer:

the answer is b.) (4a + 12) + (6x + 9) = 71

Jose and his family went to dinner at olive garden the total bill was $55.31 Jose decided to leave a 15% tip how much of a tip did the waiter receive

Answers

Answer:

The answer would be that waiter will get $8.29.

Step-by-step explanation:

You would do 55.31 multiplyed by 0.15 to get the answer.

Roshanda was curious if students in her class would complete a maze faster if fast-paced music was playing in the background. She randomly assigned each student in her class to one of three groups: fast-paced music, slow-paced music, or no music. She timed each student as they individually completed a maze with their corresponding music (or no music) in the background. Students who worked with the fast-paced music, on average, completed the maze significantly faster than students in the other groups.
Can we conclude that the fast-paced music caused her classmates to finish the maze faster? Why?

(A) Yes, because the study included each student in her class

(B) Yes, because the adults were randomly selected

(C) Yes, because the students were randomly assigned to treatment and control groups

(D) Not necessarily, because the sample size was too small

(E) Not necessarily, because this wasn't an experiment

Answers

Answer: (E) Not necessarily, because this wasn't an experiment

Step-by-step explanation:

As much as the results would suggest that the fast-paced music was responsible for the faster finishing time, this conclusion cannot be authoritatively made because this was not technically an experiment but rather a test to satisfy curiosity.

An experiment is planned and is scientific. It has more stringent requirements that ensure causation that Roshanda did not meet before she engaged in this trial so we cannot say for a fact that her findings are objective.

Answer: C. yes, the students were randomly assigned to treatment and control groups.

Step-by-step explanation:

If a customer left a $5 tip for a bill that had a subtotal of $31.25 what percent tip did the customer leave?

Answers

Answer:

16%

Step-by-step explanation:

= (5/31.25)*100=16%



Lyn either travels by bus or walks
when she visits the shops.
The probability that she catches
the bus To the shops is 0.2
The probability that she catches
the bus FROM the shops is 0.6

0.2
Walk
a) Complete the tree diagram.
b) Show that the probability that Lyn
walks at least one way is 0.88.​

Answers

I’m forced to write an explanation, sorry for the useless text

The probability tree has been drawn below and the  probability that Lyn

walks at least one way is 0.88 is when she reaches the shop by bus and from the bus, she walks.

What is probability?

The probability of an event occurring is defined by probability.

Do not take underestimate probability it has several uses in daily life whether forecasts like that.

As per the given probability tree,

(a)

The probability in branches adds to 1 thus,

0.2 + probability that she walks to the shop = 1

Probability that she walks to the shop  = 1 - 0.2 = 0.8

The probability in the same branches multiplies as,

The probability that she took a bus to the shop x from the bus she again took the bus.

Similarly, the tree diagram has been drawn below.

(b)

The probability is 0.88 lies in that Lyn walks at least one way 0.88 is when she reaches the shop by bus and from the bus, she walks.

Hence "walks at least one way is 0.88 is when she reaches the shop by bus and from the bus, she walks".

For more information about the probability,

brainly.com/question/11234923

#SPJ2

What is the equation of 35?​

Answers

35 - X = 5

Simplifying

35 + -1X = 5

Solving

35 + -1X = 5

Solving for variable 'X'.

Move all terms containing X to the left, all other terms to the right.

Add '-35' to each side of the equation.

35 + -35 + -1X = 5 + -35

Combine like terms: 35 + -35 = 0

0 + -1X = 5 + -35

-1X = 5 + -35

Combine like terms: 5 + -35 = -30

-1X = -30

Divide each side by '-1'.

X = 30

Simplifying

X = 30

Answer:

attach a photo

Step-by-step explanation:

i need more detail and then ill answer because there cant be a equation without a problem

Randy bought 3 identical shirts and paid a sales tax of $2.84. The total cost was $50.18. What was the cost of each shirt?

Answers

Answer:

$15.78

Step-by-step explanation:

I) Remove tax:

$50.18 - $2.84 = $47.34

II) Construct an equation to find the cost of each shirt:

47.34 = 3s

III) Solve:

Divide each side by 3:

15.78 = s

Each shirt costed $15.78

Answer:

15.78

Step-by-step explanation:

I need help in my really struggle in math ​

Answers

Answer:

.

Step-by-step explanation:

.

Answer:

tell me a problen and I will help you solve it

Step-by-step explanation:

Can someone help me please answer my question.
Answers
A.6 inches
B.8 inches
C.10 inches
D.12 inches

Answers

The answer Is C. 10 inches
Answer: 6 inches

Step-by-step explanation:
volume of a rectangular prism is V=LWH
L is length and that is 20
W is width and that is 20
H is height and that is 6
The reason that L and W are 20 is because you would multiply those to get the base, and the base is already given, 400.
Since you know the volume is 2,400, a quick trick is that you divide 2,400/400. That equals 6.
So 20 x 20 x 6 = 2400

(8x^2 – 7x – 2) – (6x^2 – x + 3)​

Answers

Answer: = -2x-5

Step-by-step explanation:


You use a 40% off coupon followed by a 30% off coupon. is that
this is the same as a 70% off coupon. Explain

Answers

Answer:

Yes since 40+30=70 so it would be the same

Step-by-step explanation:

answer please quick its due

Answers

Answer:

a

Step-by-step explanation:

Which of the following statements is true?


4 x 23 is less than 23, since 23 is less than 1.

4 x 34 is greater than 34, since 4 is greater than 1.

4 x 44 is equal to 1, since 44 is equal to 1.

4 x 65 is less than 4, since 65is less than 1.

Answers

Answer:

4 x 34 is greater than 34, since 4 is greater than 1.

Answer:

4 x 34 is greater than 34, since 4 is greater than 1.

Step-by-step explanation:

Pls help I will give thx and give points

Answers

Answer:

20

Step-by-step explanation:

you use the pathagorian theorem which is a suqared plus b squared equals c squared.

it would be 12*12 plus 16*16 equals x squared. so 144 plus 256. that equals 400. then you take the square root of it which is 20. therefore x equals 20.

A baseball and a bat cost 110 dollars. If the bat costs 100 more dollars than the ball, is much does the ball cost

Answers

Answer:

$10

Step-by-step explanation:

So the total amount of money needed is $110

And the bat is $100 more than the ball

So basically subtract $100 from $110

And you get $10 So the answer is $10

To eliminate the x terms and solve for y in the fewest steps, by which constants should the equations be multiplied by before adding the equations together?



First equation: 6x-5y=17

Second equation: 7x+3y=11

The first equation should be multiplied by 3 and the second equation by -5.
The first equation should be multiplied by 3 and the second equation by 5.
The first equation should be multiplied by 7 and the second equation by -6.
The first equation should be multiplied by 7 and the second equation by 6.

Answers

Answer:

C. The first equation should be multiplied by 7 and the second equation by -6.

Step-by-step explanation:

have a great day peeps :)

Multiplication is the process of multiplying, therefore, adding a number to itself for the number of times stated. The correct option is C.

What is multiplication?

Multiplication is the process of multiplying, therefore, adding a number to itself for the number of times stated. For example, 3 × 4 means 3 is added to itself 4 times, and vice versa for the other number.

In the two of the given equation, to eliminate x we need to make the coefficients of x in both the terms equal, therefore, if we take the LCM of the two terms then it will be 42.

Thus, to make the coefficient of x equal to 42, we need to multiply the first equation should be multiplied by 7 and the second equation by -6.

Learn more about Multiplication here:

https://brainly.com/question/1405900

#SPJ6

During her last basketball game, Carmen made 14 field goals out of 30 attempts. What
percent of field goals did she make?

Answers

46.6%..............................

Answer:

46.6666667

Step-by-step explanation:

14/30=0.46666667

*100=46.6666667

round to 46.7%

X-3y=15 and y=-3x+4 determine if the lines are parallel,perpendicular,or neither

Answers

Answer:

neither parallel or perpendicular.

Step-by-step explanation:

Answer:

3 x + y = 16

Step-by-step explanation:

Other Questions
What is the radical form of the expression? 2 4/5 Enter your answer in the box. Which triangle is similar to ABC if sin(A) = One-fourth, cos(A) = StartFraction StartRoot 15 EndRoot Over 4 EndFraction, and tan(A) = StartFraction 1 Over StartRoot 15 EndRoot EndFraction? What was the result of overcrowding in cities as the populations grew very quickly during the period from 1880-1920? What is the best definition of an "intermediate species"?A. A species that lived in two different environments at two different times.B. An organism that possesses traits showing the transition between and ancestral species and later descendants. Solve for z.2 + 8 - z = -24 5 hardships the fog in london caused to residents In which scenario does radiation occur? warming soup on a stove drying towels at the beach cooking eggs in boiling water warming a sore muscle with a hot pack If you would like to make $586 in 6 years, how much would you have to deposit in an account that pays simple interest of 3%?Round all answers to 2 decimal places. can someone help me on how to be happy Match each business model with the advantage it brings. what is 66.6% recurring as a fraction? 6 X (22 + 9) = 6 x 22 + 6 x 9This is an example of ______property. which is not a greenhouse gas and therefore not responsible for global warming?A: c02B: MethaneC: NitrogenD: Water Vapor Which of the following statements best describes Community Supported Agriculture (CSA)?A. a service club that provides volunteer labor to local farmersB. special zoning laws permitting agriculture within residential neighborhoodsC. a local tax on the town or county scale that is contributed to local farmersD. local farms that sell produce directly to subscribed consumers The sum of two numbers is 50. One number is 10 less than three times the other number. What are the two numbers?. 25 and 25B. 45 and 5C. 15 and 35D. 40 and 10E. 20 and 30 A spring has a spring constant of 25 Newtons per meter. The minimum force required tostretch the spring 0.20 meter from its equilibrium position is approximately Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types of go-karts: Deluxe and Basic. Activity Expected Costs Expected Activity Handling materials $ 625,000 100,000 parts Inspecting product 900,000 1,500 batches Processing purchase orders 105,000 700 orders Paying suppliers 175,000 500 invoices Insuring the factory 300,000 40,000 square feet Designing packaging 75,000 2 models Required: Compute the activity rate for each activity, assuming the company uses activity-based costing. (Round activity rate answers to 2 decimal places.) Solve the system of equations.- 5x + 2y = 9y = 72 Simplify a a bb Help me pls How was Hawaii formed, and how does this provide evidence for convection happening?HELP PLEASE