All categories

2 years ago

Ryan invested some money in his bank he agreed a simple interest rate of 4% per annum for a 2 years At the end of the 2- years p

eriod the value of his investment increased by ?24

Mathematics

1 answer:

sdas [7]2 years ago

4 0

$\bf ~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\dotfill & \$P\\ r=rate\to 4\%\to \frac{4}{100}\dotfill &0.04\\ t=years\dotfill &2 \end{cases} \\\\\\ I=P(0.04)(2)\implies I=0.08P\implies \stackrel{\textit{converting it to percentage}~\hfill }{0.08\cdot 100\implies 8\%\textit{ of original }P}$

You might be interested in

HELP MEEEEEEEEEE Package A contains 3 birthday cards and 2 thank-you notes and costs $9.60. Package B contains 8 birthday cards

hodyreva [135]

Answer:

Each birthday card costs $2.2 ⇒ answer c

Step-by-step explanation:

* Lets explain how to solve the problem

- Package A contains 3 birthday cards and 2 thank-you notes

- It costs $9.60

- Package B contains 8 birthday cards and 6 thank-you notes

- It costs $26.60

- x represents the cost of birthday card and y represents the cost of

thank-you note

* Lets change these information to two equations

∵ x represents the cost of each birthday cards

∵ y represents the cost of each thank-you notes

∵ Bag A contains 3 birthday cards and 2 thank-you notes

∵ Bag A costs $9.60

∴ 3x + 2y = 9.60 ⇒ (1)

∵ Bag B contains 8 birthday cards and 6 thank-you notes

∵ Bag B costs $26.60

∴ 8x + 6y = 26.60 ⇒ (2)

* Lets solve this system of equations to find x and y

- Multiply equation (1) by -3 to eliminate y

∵ -3(3x) + -3(2y) = -3(9.60)

∴ -9x - 6y = -28.8 ⇒ (3)

- Add equations (2) and (3)

∴ -x = -2.2

- Multiply both sides by -1

∴ x = 2.2

∵ x represents the cost of each birthday cards

∴ The cost of each birthday card is $2.2

* Each birthday card costs $2.2

6 0

2 years ago

Read 2 more answers

What is the simplest form of RootIndex 3 StartRoot 27 a cubed b Superscript 7 Baseline EndRoot?

Vinvika [58]

Answer: $3ab\sqrt[3]{b^4}$

Step-by-step explanation:

Given the following expression:

$\sqrt[3]{27a^3b^7}$

You need to apply the Product of powers property, which states that:

$(a^m)(a^n)=a^{(m+n)$

Then, you can rewrite the expression as following:

$=\sqrt[3]{27a^3b^4b^3}$

The next step is to descompose 27 into its prime factors:

$27=3*3*3=3^3$

Now you must substitute $3^3$ inside the given root. Then:

$=\sqrt[3]{3^3a^3b^4b^3}$

You need to remember that, according to Radicals properties:

$\sqrt[n]{a^n}=a^{\frac{n}{n}}=a^1=a$

Therefore, the final step is to apply this property in order to finally get the expression is its simplest form. This is:

$=3^{\frac{3}{3}}a^{\frac{3}{3}}b^{\frac{4}{3}}b^{\frac{3}{3}}=3ab^{\frac{4}{3}}b=3ab\sqrt[3]{b^4}$

3 0

2 years ago

Read 2 more answers

A contractor has submitted bids on three state jobs: an office building, a theater, and a parking garage. State rules do not all

german

Answer:

The following are the answer to this question:

Step-by-step explanation:

In the given question the numeric value is missing which is defined in the attached file please fine it.

Calculating the probability of the distribution for x:

$\to f(x) = 0.19\ for \ x=14\\\\\to f(x) = 0.29 \ for\ x=7\\\\\to f(x) = 0.38\ for \ x=1\\\\\to f(x)=0.14 \ for \ x=0\\$

The formula for calculating the mean value:

$\bold{ E(X)= x \times f(x)}$

$=14 \times 0.19+7 \times 0.29+1 \times 0.38+0\times 0.14\\\\=2.66 + 2.03+0.38+ 0\\\\=5.07$

$\bold{E(X^2) = x^2 \times f(x)}$

$=14^2 \times 0.19+7^2 \times 0.29+1^2 \times 0.38+0^2 \times 0.14 \\\\=196 \times 0.19+ 49 \times 0.29+1 \times 0.38+0 \times 0.14\\\\= 37.24+ 14.21+ 0.38+0 \\\\=51.83$