Mr. Young is offered an investment opportunity. Kyra says she will invest his money at a 6% simple interest rate over the next 7 years. Mr. Young decides to invest $3000. How much interest will he have earned when the investment matures? *

Answers

Answer 1

Answer:

$126

Step-by-step explanation:

Given that:

Investment is done as per Simple interest.

Principal = $3000

Time for which the investment is to done = 7 years

Rate of interest = 6%

To find:

Interest earned when the investment matures?

Solution:

Formula for Simple Interest :

[tex]Simple\ Interest = \dfrac{PRT}{100}[/tex]

Where [tex]P[/tex] is the principal amount

[tex]R[/tex] is the Rate of Interest

[tex]T[/tex] is the time for which the investment is made

Putting the given values:

[tex]Simple\ Interest = \dfrac{3000\times 6\times 7}{100}\\\Rightarrow Simple\ Interest = \dfrac{12600}{100}\\Simple\ Interest = \$126[/tex]

Therefore, the answer is:

Interest earned is $126.


Related Questions

The sum of the numbers X, Y, and Z is 40. The ratio of X to Y is 1:2 and the ratio of Y to X is 2:5. What is the value of Y?​

Answers

Step-by-step explanation:

Since X : Y = 1 : 2, X = 0.5Y.

Since Y : Z = 2 : 5, Z = 2.5Y.

We have X + Y + Z = 4Y = 40. Hence Y = 10.

[tex]y=10[/tex]

Ratio:A ratio in mathematics shows how many times one number is contained in another. For instance, if a dish of the fruit contains eight oranges and six lemons, the ratio of oranges to lemons is eight to six (that is, 8:6, which is equivalent to the ratio of 4:3). The ratio of oranges to the overall amount of fruit is 8:14, and the ratio of lemons to oranges is 6:8 (or 3:4)  (or 4:7).A ratio can have any number of quantities, such as counts of people or things or measurements of length, weight, time, etc. Both numbers must be positive in most situations.Solution -

Given -

[tex]x+y+z=40\\x:y=1:2\\y:x=2:5[/tex]

To find - [tex]y[/tex]

Since,

[tex]x:y=1:2,x=0.5y\\y:x=2:5,z=2.5y\\x+y+z=4y+40\\y=10[/tex]

Therefore, [tex]y=10[/tex].

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A football is kicked into the air. Its height above the ground changes according to the equation y --16x2 + 80x +3, where x = time in seconds and ) = height in feet. The ball reaches a height of
67 feet twice: once on the way up and once on the way down. How much time does the ball spend at or above a height of 67 feet?

Answers

Answer:

it either 24 or 34

Step-by-step explanation:

I can't understand how the equation is set up!

Shane is a salesperson. He earns an hourly wage of $8.00 per hour, plus he receives a commission of 7% on sales he makes. Write an equation which would be used to determine his weekly salary, W, where, X, is the number of hours worked, and Y, is the amount of sales for the week.

Answers

Answer:

8X+.07Y=W

Step-by-step explanation:

x is your hours and y is your sales

he makes 8 an hour, hence 8X or 8 x X

7 percent written as a decimal is .07 and his commission for sales, so .07Y

add them together and you get your equation:

8X+.07Y=W

Pls help me with this

Answers

Answer:

D and B

Step-by-step explanation:

jus trust me ig lol

Answer:

The answer to #5 is    D. 12/3 =4

least to greatest
1.34,
15.7%,
V11,
150%

Answers

Answer:

V11

Step-by-step explanation:

150

1.34

15.7%

hope you get it right

(-16, -4) (0,-12) slope

Answers

Answer:

-1/2

Step-by-step explanation:

m=y2-y1/x2-x1

-12-(-4)=(-8)

0-(-16)=16

-8/16

-8/16=(-1/2)

hope this helps :3

if it did pls mark brainliest

Answer:

y=-2x-36

Step-by-step explanation:

I hope this helps!

Dylan and his children went into a grocery store and where they sell peaches for $1 each and mangos for $0.50 each. Dylan has $15 to spend and must buy no less than 15 peaches and mangos altogether. If Dylan decided to buy 13 peaches, determine the maximum number of mangos that he could buy. If there are no possible solutions, submit an empty answer

Answers

4 mangos

15-13=2

2/0.5=4

hope that helps

Answer:

He can buy 4 mangos.

Step-by-step explanation:

Ok so 13 peaches are $13. That leaves $2 because 15-13=2. He can buy 4 mangos because $2÷ $0.50= 4

Please Help Me!!!!!!!​

Answers

Answer:

B=6, b=12, and b=8

Answer:

b=6, b=12, b=8

Step-by-step explanation:

43 > 96/6 (16)

43 > 96/12 (8)

43 > 96/8 (12)

43 < 96/2 (48)

Michael and Jane want to build a kite with four equal sides. They know that KT and TE are eight inches which makes point T the midpoint of (KE). Describe how Michael and Jane can be absolutely certain that KI, IE, ES, and KS are all the same lengths.

Answers

Answer:

with the help of the theorems of triangles AAS ≅AAS

Step-by-step explanation:

We see from the figure that K and E are equidistant from T.  To be absolutely certain that KI, IE, ES, and KS are all the same lengths the diagonals must bisect each other perpendicularly at 90 degrees for the given figure to be a rhombus. A rhombus is a parallelogram in which all sides are equal.

If we look at the figure more carefully then we find that there are four triangles. Of the which the two sides KE and TE of the triangles are equal. Also the diagonal indicates that they both have a 90 degrees angle. Hence the two triangles KST and EST are equal.

To prove that triangle KEI is equal to Triangle KES.

Both have one line common which equal to both.

Both have a mid point T on the common line which divides the both bigger triangles into smaller triangles making 90 degrees angle. Hence the angles

KEI and KSE are of 90 degrees which are also opposite.

The angles SKT and IKT   and angles IET & SET are equal and opposite angles. Thus both the triangles KEI and triangle KES  are equal and opposite having equal and opposite sides.

Find the distance travelled by Rama if she takes two rounds of a rectangular park whose length is 8 km and breadth is 12 km.​

Answers

Answer:

80 km

Step-by-step explanation:

First, find the perimeter of the park.

2(12 + 8) = 2(20) = 40 km

Since Rama travels around the park twice, multiply the perimeter by 2.

40(2) = 80 km

9514 1404 393

Answer:

  80 km

Step-by-step explanation:

The perimeter is twice the sum of length and breadth:

  P = 2(length +breadth)

  P = 2(8 km +12 km) = 40 km

Twice around is then ...

  2 × 40 km = 80 km . . . . distance traveled by Rama

what's the y-intercept of the equation: 5x+2y=20
A. (4,0)
B. (5,0)
C. (0,2)
D. (0,10)​

Answers

Answer: D. (0,10)

Why:
Your given equation is 5x+2y=20, so in order to find the y-intercept, we must put it in slope-intercept form, a.k.a. y=max+b.

To do this, subtract 5x from both sides. This will then give you 2y=-5x+20.

And to fully simply, divide both sides by 2. Finally, you get y=(-5/2)x+10. And since we know b in slope-intercept form is the y-intercept, and 10 is b in our final function/equation. We get the answer of y-intercept=(0,10)

Harmony pays $59.00 per month for a base cable package and an additional amount for on-demand programming. Last month, Harmony received a $62.44 cable bill.

$59.00 + x = $62.44

Ignoring sales tax and additional fees, how much did she spend for on-demand programming?
A. $121.44
B. $7.44
C. $3.44
D. $65.88

Answers

Answer: C

Step-by-step explanation:

(8y²+2)+(5-3y²) onojnonl

Answers

Answer:

5y^2 +7

Step-by-step explanation:

Answer:

The answer should be  5y^2 + 7!

please hurry!! Select all that apply.
Which of the following could you use to find 40% of 32?

Answers

Answer: the one at the bottom second and third too

Step-by-step explanation:

Second one,third one,fourth one

- Quizizz Dadd_independent_clause_to_dep x G Name three other types of Art be X + VkX19Pjt7jkF9Lgzkpo1vCxXlt%252FD6C7FXFgE5X8Fe6ZCcr6EE2DnyYbPbNRmF6YYtkotrghPF7DMI549%253D%253D?gameType=async Image result for ma... $ G Image result for ma... G Image result for ma... Welcome to Renais... DSC_7139 -11 - 5a = 6(5a + 4)​

Answers

No thanks I choose life

Which fraction converts to a terminating decimal number?
OA.1/6
OB.2/9
OC.3/8
OD.4/7

Answers

your answer is C. 3/8

Pls help plssss I beg plsss

Answers

Answer:

2 1/4

so last option :)

Katie can buy 2 lb of apples for $7. What is the unit rate for the apples?

Answers

Answer:

$3.50 per lb of apples

Step-by-step explanation:

7/2 = 3.5

3.5 per appleeeeeeeee have a good day

Which point is located at (2, 3.5)?
a
b
c
d

Answers

Answer: C

Step-by-step explanation:

Answer:

its c

Step-by-step explanation:

hope it helps

alan jogged 3^2 miles to school and then 2^2 after school each day for 5 days.Jennifer jogged a total of 45 miles .who jogged the most and by how much

Answers

Jennifer because she jogged 45 and Alan only jogged 28

PLEASE HELP! i don’t understand this :(((

Answers

Answer:

b : ( 3, 0, -1 )

Step-by-step explanation:

you need to sub the range into the equation to find their domains

Which of the following scale factors would produce a larger image?
A) 1/2
B) 2/3
C) 1
D) 3/2

Answers

Answer:

D. 3/2 because when it comes to showing a larger image as the question asks you need to find the biggest fraction/number and 1/2 is 0.5 B is 0.66 C is obviously 1 and D. is 1.5

Step-by-step explanation:

There are c amount in a box . 11 of the counters are green. Benedict take 20 counters at random from the box. 4 of these counters are green. Work out the estimate for the value of c.

Answers

Answer:

There are total 55 counters out of which 11 are green and 44 are other color.

Step-by-step explanation:

This is a ratio and proportion question. There are c amount of counters in the  box .

The chosen have the same ratio as in the box

Green : total

4:         20

11:          x

Using cross product rule

x * 4= 20 *11

x= 20*11/4

x= 55

So there are total 55 counters out of which 11 are green and 44 are other color.

Benedict take 20 counters out of which 4 are green.

Total number of counters are 55 in which 11 counters are green and 44 counters are other color.

Ratio and proportion:

There are c amount in a box.

11 of the counters are green.

We have to find number of counters.

                  [tex]\frac{c}{11}=\frac{20}{4}\\ \\ 4*c=20*11\\\\c=\frac{20*11}{4}\\ \\c=55[/tex]

Hence, total number of counters are 55 in which 11 counters are green and 44 counters are other color.

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Which set of ordered pairs represents a function?

Answers

i think D but im not completely sure

Please help me, I can’t figure this one out.

Answers

Answer:

A. This scatter plot has no association, no form, weak strength, and no apparent outliers.

Step-by-step explanation:

The scatter shows several data points plotted on the graph, of which show no particular trend.

Every data point on the plot are far apart from each other and do not follow any trend or have any shape, and as such show very weak strength.

We can hardly pick out which data point is an outlier.

There's also no form of association or whatsoever since no trend can be observed.

Therefore, we can conclude that:

"This scatter plot has no association, no form, weak strength, and no apparent outliers."

Josh finished 24 math problems and 60 minutes at this rate how many minutes will it take him to complete 72 problems

Answers

Answer:

180

Step-by-step explanation:

60 ÷ 24 = 2.5

2.5 x 72 = 180

7m + 2 = 6n - 5
Write a formula for f(m) in terms of m.

Answers

Answer:  m = 6/7n-1

Step-by-step explanation: to get 7m alone dirst we must subtract 2 from both sides so 2-2 = 0 and -5 - 2= -7 so 7m= 6n-7 and divide both sides by 7 to get m alone so 6n divided by 7 = 6/7n and -7 divided by 7 equals -1 so we're left with m= 6/7n-1

The formula for f(m) in terms of m is:

f(m) = (6m - 7) / 7

To write a formula for f(m) in terms of m, we need to isolate m on one side of the equation.

Given the equation 7m + 2 = 6n - 5, we can start by moving all terms involving m to one side and all terms involving n to the other side:

7m - 6n = -5 - 2

Simplifying:

7m - 6n = -7

Now, we can express m in terms of n:

7m = 6n - 7

Dividing both sides of the equation by 7:

m = (6n - 7) / 7

Thus, the formula for f(m) in terms of m is:

f(m) = (6m - 7) / 7

This formula allows us to calculate the value of f(m) based on the given relationship between m and n. By substituting different values of m into the formula, we can determine the corresponding values of f(m) for those inputs.

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(0, 4)
(0, -6)
No Solution
Infinitely Many Solutions

Answers

Answer:d

Step-by-step explanation:

What is the product?

7 × 0.4 =

Answers

Answer:

2.8

Hope this Helps!

Josh says that (4)(-7)(-1) is equal to (4)(7). Evangelina says (4)(-7)(-1) is
equal to (-28)(-1). Who is correct? *
O Josh
O Evangelina
O Both
O No one

Answers

Answer:

Evangelina and Josh can be considered correct but this can be simplified to just 28. so if you want the simplification of this problem it would be no one but both are correct if you just want to see if they equal the same answer

Step-by-step explanation:

they are correct because they could simplify it

Evangelina and Josh can be considered correct but this can be simplified to 28.

What is simplification of an expression?

Usually, simplification involves proceeding with the pending operations in the expression. Like, 5 + 2 is an expression whose simplified form can be obtained by doing the pending addition, which results in 7 as its simplified form. Simplification usually involves making the expression simple and easy to use later.

Given that Josh says that (4)(-7)(-1) is equal to (4)(7).

Evangelina says (4)(-7)(-1) is equal to (-28)(-1).

(4)(-7)(-1) = (4)(7) =28

Similalray;

(-28)(-1) = 28

We can see that the answer of the both the simplification are correct.

Evangelina and Josh can be considered correct but this can be simplified to 28.

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