answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mnenie
2 months ago
14

sarah invests £9600 at a simple interest rate of 8% per year. Work out the value of the investment after 3 years

Mathematics
1 answer:
AnnZ [12.3K]2 months ago
6 0

Response:

The investment's value after 3 years will be  £11,904

Step-by-step explanation:

sarah invests £9600 with an 8% simple interest rate per annum

Duration is 3 years

Formula for simple interest

I = P*n* r

P is the initial investment= 9600

r signifies interest rate = 8% = 0.08

n = duration in years = 3

Now, we can calculate the interest using the formula

I = 9600 * 0.08 * 3= 2304

The interest accrued totals 2,304

Now, we combine the interest with the initial investment to find the investment's total value after 3 years

9600 + 2304= 11904

You might be interested in
Seymour is twice as old as Cassandra. If 16 is added to Cassandra’s age and 16 is subtracted from Seymour’s age, their ages beco
PIT_PIT [12445]

Answer:

\text{The present age of Cassandra=x=32 yrs}

\text}{The present age of Seymour=2x=2\times 32=64 yrs}

Step-by-step explanation:

Based on the fact that Seymour’s age is double that of Cassandra. If 16 is added to Cassandra’s age and 16 is deducted from Seymour’s age, both will be of the same age.

We need to determine their current ages.

Let Cassandra's current age be x years

Given that Seymour is twice as old as Cassandra

Thus, Seymour's current age=2x years

According to the problem, if 16 is added to Cassandra's age and 16 is subtracted from Seymour's age, their ages will equal each other.

⇒ x+16=2x-16

2x-x=16+16

x=32 yrs

\text{The present age of Cassandra=x=32 yrs}

\text}{The present age of Seymour=2x=2\times 32=64 yrs}

8 0
2 months ago
one day, the state fair total attaendance was 126,945. Round to the nearest hundred thousand, nearest ten thousand and nearest t
zzz [12365]
Nearest hundred thousand: 100,000

Nearest ten thousand: 130,000

Nearest thousand: 127,000

The amount that is closest to the actual attendance is 127,000 when rounded to the nearest thousand.
6 0
3 months ago
Read 2 more answers
A company that is selling computer tablets has determined that it regularly makes a net profit of $180 for each computer tablet
PIT_PIT [12445]

Response:

Based on the anticipated number of individuals completing the form to claim the refund, the company ought to foresee its net profit decreasing to:

  • $174.6 per computer tablet.

Detailed explanation:

Initially, the profit per tablet is $180, but after initiating the rebate program, it is expected that 18% of purchasers will fill out the forms and obtain the VISA card, which will lower the profit as demonstrated below:

  • Calculation of the reduced benefit for 18% of computer tablets = original benefit - refund amount.
  • Reduced benefit for 18% of tablets = $180 - $30 = $150

From here, we find that 18% of tablets will yield a benefit of $150, while the other 82% will maintain a benefit of $180. To ascertain an overall figure for the benefit, we must compute it as follows:

  • Total benefit = Percentage of reimbursed tablets * Benefit of reimbursed tablets + Percentage of non-reimbursed tablets * Benefit of non-reimbursed tablets.
  • Overall profit = 18% * 150 + 82% * 180
  • Overall profit = $174.6

Thus, after the $30 rebate on 18% of the tablets, the total benefit amounts to $174.6.

6 0
2 months ago
A line contains (34,12) and (32,48) what is the slope of the line in simplified form? HELP ASAPl
Zina [12379]

Response:

m=-18

Step-by-step explanation:

1. The line includes the points (34,12) and (32,48). Then, apply the slope formula, which is:

m=\frac{y_{2}-y_{1}}{x_{2}-x_{1}}

2. By substituting values into the formula, you will get:

y_{2}=48\\y_{1}=12\\x_{2}=32\\x_{1}=34

m=\frac{48-12}{32-34}\\m=\frac{36}{-2}\\m=-18

4 0
3 months ago
Other questions:
  • The percent decrease from 12 to 9 is equal to the percent decrease from 40 to what number
    12·1 answer
  • A square rotated about its center by 360º maps onto itself at _____ different angles of rotation. You can reflect a square onto
    5·1 answer
  • Find the unit rate $6.50 for 3 1/4 pounds of grapes ​
    9·2 answers
  • In a forest, 20% of mushrooms are red, 50% brown, and 30% white. A red mushroom is poisonous with a probability of 20%. A mushro
    8·2 answers
  • The first steps in writing f(x) = 4x2 + 48x + 10 in vertex form are shown.
    10·2 answers
  • If x = 3z and z=2y, then x=?
    10·1 answer
  • Ten boys agree to paint the gym in 5 days. If five more boys join in before the work begins, how many days should the painting t
    5·2 answers
  • The population of Augusta, WI, had a population of 1253 in 2000. If the population increased by 3% each year, what would be the
    11·2 answers
  • Given ΔACD and ΔABE, what is AB?
    6·1 answer
  • An urban planner had a taxable income of $52,950 last year. if he paid 10% of his income between $0 and $8350, 15% of his income
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!