Eight years after opening her savings account, Macy had $7,880 in the account which earns annual simple interest. If Macy started with $5,000 in her account and did not make any additional deposits or withdrawals, what was the approximate annual interest rate on the savings account?
7.2%
4.5%
8%
19.7%

Answers

Answer 1
4.5% is the answer
hope you get it right
Answer 2

the approximate annual interest rate on the savings account is 7.2%.

What is simple interest?

Simple interest is the amount of interest charged on a specific principal amount at a specific interest rate. Compound interest, on the other hand, is the interest that is computed using both the principal and the interest that has accumulated over the preceding period.

Given, Eight years after opening her savings account, Macy had $7,880 in the account which earns annual simple interest.

from the general formula of Simple interest:

Simple interest(SI) = p*r*t/100

where, p = principal amount

r = rate of interest

t = time

in our case

p = 5000,

SI = 7880 - 5000 = 2880

t = 8

Thus,

2880 = 5000 * r *8/100

r = 2880/50*8

r = 7.2%

Thus rate of interest = 7.2%

therefore, the approximate annual interest rate on the savings account is 7.2%.

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At 9 games they will have paid the same amount. 111.06 plus 9 times 2.50 is equal to 14.84. I just did the equation (111.06+2.50x=14.84x).

If Nina is N years old now and Maryna is M years old now. Write the sum of their ages in 6 years?

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Step-by-step explanation:

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what is the last one number 12

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option a

Step-by-step explanation:

√16= 4 and 4 is a real as well as a rational number as well as integer amd whole numbers!

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what’s 9^-4 as a positive exponent.

what’s 1/3^-5 as a positive exponent.

Answers

Answer:

1) 1/9^4 or [tex]\frac{1}{9}^4[/tex]

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Step-by-step explanation:

Calculator!

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Answers

The correct weight to the nearest 1/8 pound from the considered image is 3.55 pounds. In reduced fraction form, it is 71/20 pounds approx.

How to convert from decimal to fraction?

For conversion from decimal to fraction, we write it in the form a/b such that the result of the fraction comes as the given decimal. Usually, to get the decimal of the form a.bcd, we count how many digits are there after the decimal point (if its finite), then we write 10 raised to that many power as denominator, and the considered number without any decimal point as numerator.

For example:

[tex]0.99 = \dfrac{99}{10^2} = \dfrac{99}{100}[/tex]

(10 raised to power k = 1 followed by k zeroes)

How to add two fractions?

Let we have to add two fractions as:

[tex]\dfrac{a_1}{b_1} + \dfrac{a_2}{b_2}[/tex]

Then we will find Lowest Common Multiple (LCM) of  [tex]b_1[/tex] and [tex]b_2[/tex]. That will help to make the denominators same.

Once the denominators become same, the numerators can add up directly, giving us the final result of addition.

For this case, we can see from the image that:

Weight shown = 3 pounds + half more pound + half of 1/10 pound more approx. (as the weight hand is approx between 5 and 6 minor ticks after the big 3 pound mark). In each minor mark, one pound is divided in 10 parts, so each minor tick adds up 1/10 of a pound. Half of 1/10 shows that after 5, the hand is not exactly on 6 but sort of in between them, so approximately half.

Thus, weight shown ≈ 3 + 0.5 (half is written 0.5 too) + 1/10 of 0.5 pounds

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Thus, the weight is approx 3.55 pounds.

Converting it to fraction, we get:

[tex]3.55 = \dfrac{355}{100} = \dfrac{5 \times 71}{5 \times 20} = \dfrac{71}{20}[/tex] pounds.

Thus, the correct weight to the nearest 1/8 pound from the considered image is 3.55 pounds. In reduced fraction form, it is 71/20 pounds approx.

Learn more about fraction addition here:

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G'day. Here is your answer!

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2 to 3: lb subintervals:

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Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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Answer:

Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Percent of time

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Answers

Answer:

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Step-by-step explanation:

Answer:

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Step-by-step explanation:

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Answer:

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Answer:

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