If you invest $7,000 for 5 years, and you earn 4% interest, how much interest overall
will you earn, assuming the interest is NOT compounding? (Hint: I=PRT)
Show your answer as a whole number (no decimals).

Answers

Answer 1

The interest earned in five years is $1400.

What is simple interest?

Simple interest is interest calculated on the principal portion of a loan or the original contribution to a saving account.

Formula for simple interest

A = P(1 + rt)

Where,

A is the final amount

P is the initial principal balance

r is the annual interest rate

t is time(in years)

According to the given question

We have

Initial Principal balance, P = $7000

Time, t = 5years

Annual interest rate, r = 4% = 0.04

Therefore, the amount in five years is given by

A =  7000(1 + 0.04(5))

A = 7000(1 + 0.2)

A = 7000(1.2)

A = $8400

Now, the interest earned in five years

S.I = A - P

⇒ S.I = $8400 - $7000

S.I = $1400

Hence, the interest earned in five years is $1400.

Learn more about simple interest here:

https://brainly.com/question/17959107

#SPJ2


Related Questions

Sakura's house is at an elevation between 113 m and 120 m above sea level. Her friend Ted lives about 15 m below her.

Part A: Choose the compound inequality that describes the elevation x of Ted's house

B: Ted lives between ____ m and _____ m above sea level.​

Please help me, I really don't know where to start.

Answers

Answer:

98 or 105

Step-by-step explanation:

You move right 3 units and up 4 units. You end at (5, 3). Where did you start?

Answers

Answer:

(2,-1)

Step-by-step explanation:

If you start at (2,-1) and go 3 units right, you land at (5,-1). Then, when you go up 4 units you land at (5,3)

what is the midpoint of 0.2 and 0.3

Answers

Answer:

0.25

Step-by-step explanation:

Half of a tenth in 5 hundredths.

To find the midpoint of 0.2 and 0.3, think of it as 20 and 30.

What would be the midpoint of 20 and 30? 25.

Therefore, 0.25 would be the midpoint of 0.2 and 0.3

-kiniwih426

Please help I have school

Answers

Answer:

77

Step-by-step explanation:

8 and 2/5 times 18 and 1/3 is 154. Divide 154 by 2 or multiply by 1/2 and get 77

Write the equation of the line that passes through the points (-7,5) and (-7,-8).

Answers

Answer:

x = -7

Step-by-step explanation:

What is the ratio of A's to B's?

A B B B A A A

Answers

Answer:

4:3

Step-by-step explanation:

There are 4 A's and 3 B's, so the ratio would be 4:3.

The ratio would not be 3:4, because you are asking for A's to B's, and not B's to A's.

Answer:

4:3

Step-by-step explanation:

There are 4 A's in this set and only 3 B's. Often confused as 3:4, however, that would be the ratio of B's to A's. This ration can't be simplified either leaving it at 4:3.

Hope this helps! :)

24÷2081 help me find the answer please and thank you

Answers

Answer:

= 86.7083333333

Welcome

Translate the equation and solve.
50% of what is $30?

Answers

Answer:

15

Step-by-step explanation:

divided 30 by 2 only work for the 50%

Oh i think this is wrong but i tried sorry

Answer:

$15 :)

Step-by-step explanation:

You have to move the decimal 2× to the left on the 15%, then multiply it by $30 ♡

ez points
I want this to have the most likes all you have to do is: what does 2+2=

I want the right answer we have been trying to find this out for years at WHYYYYYYYYYY Inc so does it equal 4 or something else


WHYYYYYYYYYY am I doing this I have no idea

Answers

Hello!

Answer:

4

Step-by-step explanation:

2+2=4

Hope this helps!

Need answers to all quick

1) Slope = 6 and y-intercept (0, -2)
2) Slope = 2/3 and y - intercept (0, 5)
3) Slope = -5 and y - intercept (0, 0)
4) Slope = 0 and y - intercept (0, -1)
5) Slope = -1 and y - intercept (0, 4)​​

Answers

Answer:

See explanation

Step-by-step explanation:

For any line, with slope [tex]m[/tex] and y-intercept [tex](0, b)[/tex] the line is [tex]y=mx+b[/tex].

1)

[tex]m=6, b=-2[/tex], Line: [tex]y=6x-2[/tex]

2)

[tex]m=2/3, b=5[/tex], Line: [tex]y=2/3*x+5[/tex]

3)

[tex]m=-5, b=0[/tex], Line: [tex]y=-5x[/tex]

4)

[tex]m=0, b=-1[/tex], Line: [tex]y=-1[/tex]

5)

[tex]m=-1, b=4[/tex], Line: [tex]y=-x+4[/tex]

I don't understand this question can someone help me with this please, please explain!! and thank you for the help!! If u dont know try your best :D

Answers

Answer:

a. Find the largest and smallest numbers and then subtract the smallest from the largest number.

b. 52

Step-by-step explanation:

Range Definition: Difference between largest and smallest numbers.

1. Find the largest and smallest numbers;

Biggest: 17|5 (175)

Smallest: 12|3 (123)

2. Subtract the smallest number from the largest number;

175 - 123 = ?

? = 52

With ___, if you increase the input, the output decreases proportionally.
A. direct variation
B. inverse variation
c. joint variation
D. marginal variation

Answers

Answer:

A. Direct Variation

Step-by-step explanation:

I had the exact same answer on my test and I got this one correct

Answer:

Inverse Variation

Explanation:

While direct variation describes a linear relationship between two variables , inverse variation describes another kind of relationship. For two quantities with inverse variation, as one quantity increases, the other quantity decreases.

Somebody help me please

Answers

Answer:

A goes with the sum of a number and 3

B goes with the product of 4 and a number

C goes with 2 less than a number

D goes with the quotient of 5 divided by a number

Step-by-step explanation:

Tres rollos de tela de 30,48 y 72 metros de largo se requieren cortar para hacer pedazos iguales y de mayor longitud¿cual será el largo de cada pedazo?

Answers

Answer:

Desde los 30 metros: 5 piezas de 6 metros

Desde los 48 metros: 8 piezas de 6 metros

Desde los 72 metros: 12 piezas de 6 metros

Step-by-step explanation:

Cada rollo es divisible por 6

Answer for brainly please and fast

Answers

Answer:

s = 48

Step-by-step explanation:

HELP ASAP 100 POINTS!
Solve 2(1 – x) > 2x.
x < 2
x < 0.5
x > 0.5
x > 2

Answers

Answer:

x<0.5

Step-by-step explanation:

Hello lzukuXKachan!

[tex] \huge \boxed{\mathbb{QUESTION} \downarrow}[/tex]

Solve 2(1 – x) > 2x.

x < 2

x < 0.5

x > 0.5

x > 2

[tex] \large \boxed{\mathfrak{Answer \: with \: Explanation} \downarrow}[/tex]

[tex]2 ( 1 - x ) \gt 2 x[/tex]

Firstly, cancel out 2 from both sides of the equation. Now, the equation will be....

[tex]1 - x > x[/tex]

Now, subtract x from both sides.

[tex]1 - x - x > 0[/tex]

Combine -x & -x. It'll be one -2x.

[tex]1-2x>0 [/tex]

Again subtract 1 from both the sides. Remember :- any number subtracted from 0 will result in its negation

So, it'll be -1.

[tex]-2x>-1 [/tex]

Divide both sides by -2.

[tex]x<\frac{-1}{-2} \\ [/tex]

Remove the negative signs. (negative ÷ negative = positive)

[tex]x<\frac{1}{2} \\ = \large\boxed{ \boxed{ \bf \: x < 0.5}}[/tex]

__________________

Hope it'll help you!

ℓucαzz ッ

Do 10-13 and make my life easier please answer it please

Answers

#10

[tex]\\ \sf\longmapsto 8^1=8[/tex]

#11

[tex]\\ \sf\longmapsto 1^8=1[/tex]

#12

[tex]\\ \sf\longmapsto (-5)^3=-125[/tex]

#13

[tex]\\ \sf\longmapsto (-5)^4=625[/tex]

Answer:

Tn=a+(n−1)d, where a= First term, d= Difference between terms ... (2)

Equating (1) and (2)

6n+5=a+(n−1)d

6n+5=a+nd−d ..... (3)

Equating n terms:6n=nd

d=6 ...... (4)

Substituting (4) in (3)

6n+5=a+6n−6

5=a−6

a=11 ..... (5)

Now

Sn=2n(2a+(n−1)d)

Sn=2n(a+Tn) ....... (6)

Substituting (1) and (5) in (6)

Sn=2n(11+6n+5) 

Sn=2n(16+6n) 

Sn=n(8+3n) 

find the slope of x+2/3

Answers

Step-by-step explanation:

Since x=−23 x = - 2 3 is a vertical line, the slope is undefined

Answer:

Since x=−23 x = - 2 3 is a vertical line, the slope is undefined.

Step-by-step explanation:

what is 15+3(2x-4)-4x can you help please

Answers

Answer:

2x+3

Step-by-step explanation:

Can someone help me do this

Answers

Step-by-step explanation:

the angle is greater than 180 degrees so it makes it an obtuse triangle

Can someone please help me out ​

Answers

Answer:

U

Step-by-step explanation:

FINE ASHAlways include the steps and/or background required to get to the final answer. Let’s help other people understand and solve future problems on their own.

State the angle relationship and state the measure of each angle indicated that makes lines u and v
parallel

Thank you smmmmm I will mark you btw !

i posted this again bc these r my last questions and hopefully someone sees this to help me!

Answers

Answer:

Q9. ?=53° (corr angles, u//v)

Q10. ?=58° (alt angles, u//v)

triangle sum theorem and exterior angle theorem stuff need help pls this due by friday and 1st quarter about to end ​

Answers

Answer:

See below

Step-by-step explanation:

The Triangle Angle Sum Theorem states that the interior angles of a triangle always add up to 180°. The Exterior Angle Theorem states that an exterior angle of a triangle is equal to the sum of the two remote interior angles (see diagram).

what is the midpoint of (0,0.55) and (-3,6)

Answers

Answer:

(-1.5, 3.275)

Step-by-step explanation:

midpoint = ( x1+X2/2 , y1+y2/2)

=(0+(-3)/2, 0.55+6/2)

=( -3/2, 6.55/2)

=( -1.5, 3.275)

What is the missing value?

Answers

Answer:

The second one is 33

The first one is 17

Step-by-step explanation:

For the first one your just adding three the second one your just adding 8

PLEASE HELP!!!
i think i got a and b done, but i really need help on c and d

Answers

I dont know sorry
Good luck

ok i have 2 questions first one, is 12.01 larger than 11.999? second question is 0.57 equal to 0.573?

Answers

Answer yes, no

Step-by-step explanation:

for number one, 12.01 and 11.999 are being compared

let’s start by looking at the non decimal digits

12 is bigger than 11, so we can assume that anything bigger than 12 is less than anything less than twelve, so the answer is yes

for number two, they are 2 different numbers, so they are not equal

A pair of skate blades costs
$189.00. A pair of skate boots
costs 4 times that much. How
much are the skates and blades
all together?

Answers

Answer:

$945.00

Step-by-step explanation:

Use (189*4)+189 or 189*5 to solve:

189*4= 756

759+189= 945

189*5= 945

Hope this helps!

Answer is 289 or 298 if not i dont know

The movie began at 7:30 and lasted 90 minutes at what time did the movie end?

Answers

Answer:

9:00

Step-by-step explanation:

hope this helps

Quadratic shifted up by 4 units reflected

Answers

Answer:

-(x^2)+4

Step-by-step explanation:

Other Questions
how can playing music affect us? compounds with molecules that do not have a polar charge? Solve z=sh/s+h for s 746.2 divided by 2.8 and need help to explain it Overlap of the electron clouds of two atoms results in a(n)a hydrogen bondb dipoleC ionic bondd covalent bondCheck it Did anyone know erik satie - gymnopdie no.1? If you do what does the song about and what should I draw that represent the song. in an adult, the spinal cord ends at which vertebra? You read online that a 15 ft by 20 ft brick patio would cost about $2,275 to have professionally installed. Estimate the cost of having a 18 by 28 ft brick patio installed. Pleas help thx need asap! 1. the post office conducted a survey of 600 of its customers to find the time of day when the mail was delivered the post office found that 15 percent of the customers had their mail delivered late how many people had their mail delivered late ?2. while shopping Miranda found a shirt on the rack marked 25 percent off if the original price was 24 dollars how much will be deducted from that price what Causes liquids to rise and depends on the strength of adhesion? Helllppppp pleaseeeeee!!! Listen, read, and choose the option with the best answer to complete the sentence.Based on the entire audio, ________. she accepts the proposal the offer is declined the request is extended no decision is madeBE AWARE THE AUDIO IS NOT INCLUDED IF YOU CAME FROM SPANISH EXAM THEN PLEASE ANSWER. MIKchocolate20%Darkchocolate45%Whitechocolate35%A survey was conducted to determine people's chocolate preferences. The results are shown on the circle graph.If 500 people were surveyed, how many more people preferred dark chocolate over milk chocolate?-0)A)115B)125C)135D)150 where was the first wheel invented? Solve the following: Question 6 (5 points)Our founding fathers believed in a system of government that consisted of three distinct branches. Thiswas done to ensure what enlightenment principle?bPopular SovereigntyRule of lawSeparation of PowersSocial Contract Describe and correct the error in evaluating the expression. -10^2 = 100 Which term names a property of a mineral? (I'm sorry if this says Chem. I couldn't find Sci. on the list) [tex]\sqrt50 + \sqrt18\\[/tex]