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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Related Questions

Mr. Peralta had $300 in his savings account in March. He continued to add money to his savings account and by August, the value of the savings account had increased by 20%. How much money is in Mr. Peralta’s account in August?
Identify and label the point on the double number line that represents the original amount of money in Mr. Peralta's savings account.

Answers

Answer:

ima say $360.correct me if im wrong-^-

Step-by-step explanation:

The total amount of money in Mr. Peralta's savings account is $360.

What is the percentage?

A percentage is a value per hundredth. Percentages can be converted into decimals and fractions by dividing the percentage value by a hundred.

Given, Mr. Peralta had $300 in his savings account in March.

By August, the value of the savings account had increased by 20%.

Let, 'x' be the total amount after an increase of 20%.

So, 120% of $300 is 'x'.

Therefore,

(120/100)×300 = x.

300×1.2 = x.

x = 360.

So, By august total money in his account is $360.

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pls answer im not smart when it comes to this

Answers

So in this you would just do 29 x 21 and once you get that answer you’d divide by 3 if not mistaken and you should get V=203

Don’t forget to add your units some teachers mark it wrong if you don’t :)

Answer:

203

Step-by-step explanation:

....

Expand and simplify these 12 questions

Answers

Answer:

1. 3x+15

2. 4x+36

3. 4x+36

4. 6x-2

5. 5x-10

6. 4x-24

7. 2x+1

8. 6x+21

9. 4x+16

10. 4x+10

11. x+4

12. 5x-10

To expand an equation, you can apply the distributive property

==> The distributive property, sometimes known as the distributive property of multiplication, tells us how to solve certain algebraic expressions that include both multiplication and addition.

CREDIT: prepscholar.com ^ for the definition of the distributive property

Show the work please

Answers

its 16x^2 i'll give explanation in a second

PLSSS HELPPPPPPP CORRECT ANSWERS PLSSSS

Answers

Answer:

59

Step-by-step explanation:

The answer would have to be 59

ill get beaten just help me finish this thank you!

Answers

Answer:

C THE ANSWER IS C

Step-by-step explanation:

the question is below

Answers

that angle would also be 45

Answer: 45

Step-by-step explanation:

90-45 is 45 because there’s a right angle which is 90 degrees and these two angles both stem from that right angle so then the two would be equal to 90. It’s called complementary angles.

Pleaseeeeee helppppp

Answers

2/4. 3/7
Jejsjsiskskskjsjsjbsbsbsbsbsjsjjsjs

5. Here is a shape with some measurements in cm.

Answers

Answer:

Just saying that there are links people post that scam you and this is requird by Brainly

Step-by-step explanation:

The table is completed below.

We can say that the relationship between the scale factor and the area of scaled copies is proportional.

What is a triangle?

A triangle is a 2-D figure with three sides and three angles.

The sum of the angles is 180 degrees.

We can have an obtuse triangle, an acute triangle, or a right triangle.

We have,

Using the formula for the area of a triangle:

Area = 1/2 x base x height

With a base of 3cm and height of 2cm, the area of the original triangle is:

Area = 1/2 x 3cm x 2cm = 3cm²

To find the area of the scaled triangles, we can use the scale factor to determine the corresponding dimensions, and then calculate the area using the same formula.

Scale factor Corresponding dimensions Area

1                         3cm x 2cm               3cm²

2                         6cm x 4cm                12cm²

5                        15cm x 10cm               75cm²

s                        3s cm x 2s cm             3s² cm²

Now,

To see if the relationship between the scale factor and the area of scaled copies is proportional, we can calculate the ratio of the area to the scale factor for each row of the table:

Scale factor Corresponding dimensions Area Ratio of area to scale factor

1                             3cm x 2cm             3cm²          3/1 = 3

2                             6cm x 4cm             12cm² 12/2 = 6

5                                 15cm x 10cm      75cm² 75/5 = 15

s                            3s cm x 2s cm     3s² cm²  (3s²)/s = 3s

In each case, the ratio of the area to the scale factor is constant, which means that the relationship between the scale factor and the area of scaled copies is indeed proportional.

Therefore,

We can say that the relationship between the scale factor and the area of scaled copies is proportional.

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I DONT KNOW THE ANSWER, I accidentally clicked, ill give brianliest!

Answers

Answer:it’s b

Step-by-step explanation:

Answer:

C) 13 inches

Step-by-step explanation:

The radius is half the diameter. Since the diameter is 26, evident from the circumference being 26pi, half of 26 is 13.

Draw a line of fit using (15,25) and (5,35)

Answers

Answer:

your right

Step-by-step explanation:

you had it right nothing to do

someone help me with my math...no bias answers, please

Answers

Answer:

61.8m^2are

Step-by-step explanation:

3 times 9 = 27

you multiply that two more times because there are 3 of them. So now we have 54 m.

Now we find the area of the triangles

area = 1/2 base times height

1/2(2.6) * 3

1 * 2.6 * 3/2

2.6 * 3/2

7.8/2

3.9

3.9 times 2 because there  two triangles

7.8 + 54 = 61.8 m^2

How many cups do 5 quarts of milk contain?

Answers

Answer:

20

Step-by-step explanation:

Answer:20 cups

Step-by-step explanation:5 quart = 20 cup

Here is Laila’s graph from the previous screen.

Write your own equation in the form y=​mx+b that could represent Laila’s graph.

Answers

Answer:

y=-1/3x+8

Step-by-step explanation:

There is no need for any specific answers, but here is one that could logically work out. Since the graph is going left/down, it has a negative slope, so -1/3 would be reasonable. The graph doesn't cross the origin and crosses above it, so this equation must have a positive 'b' value. In this case, I chose 8. y=-1/3+8 could represent Laila's graph.

PLZZZ help with this its pretty simple!

Answers

Answer:

Ok so first you want to distribute the -1 in front of the 3x^2-7x+1

Which turns the problem into

X^2+5x-6 -3x^2+7x-1

Then just combine like terms

-2x^2+12x-7

Also ^ followed by the number is the exponent

Find the value of x, Problem is below. Solve correctly for brainiest and 5 stars!

Answers

x + 2x + 21 = 180
3x = 159
x = 53°

Select the three numbers that show 225% as an equivalent fraction, decimal, or percent. (Hint- There are three correct answers: you must choose three answers.)


A 225/50 B 225/100 C 9/4 D 0.225 E 2.25

Answers

Answer:

The answers are B, C and E

Step-by-step explanation:

B: You put it over 100

C: same fraction but mixed number and in simplest form

E: just divide by 100

Answer:

The correct answers are 2.25, 9/4, and 225%

Step-by-step explanation:

solve for x: cx - d = 4

Answers

answer :



x=4/c + d/c

Brainliest included to the right answer

Answers

In order it should be:
Function
Not a function
Not a function
Function

Explanation:
In order to determine if the relation is a function, you have to check to see if each x value in the relation has only one y value. If there are multiple y values for a singe x value, then the relation is not a function.

The table shows the number of bottles of different kinds of juice sold at a cafeteria on Monday.

If the cafeteria has 80 customers on Tuesday, which prediction for Tuesday is NOT supported by the data in the table?
Pls answer ASAP

Answers

Answer:C

First you need to add up everything to find out the amount of costumers more Monday. You will get 40. Then you would have to multiply 40 by 2 to get 80 which is the total amount of costumers for Tuesday. This means that you have to double the amount of everything on the table to find out how much of each item was sold. The questions says which is NOT supported by the table. When you do the math you see that everything is accurate except C because the number of apple juice sold on Tuesday is 22 and the number of cranberry juice sold on Tuesday is 14. 22 is not 6 times more than 14 which makes C the correct answer.

substitute the variable and solve the problem
d=6 and k=2
(d+k) x 2

answer:
expression or equation:

Answers

Answer:

16

Step-by-step explanation:

d =6

k =2

( 6 + 2) × 2

8 × 2 = 16

each bag of cereal should contain 350 grams. a box was selected at random and weighed 342 grams. what is the percent error?

Answers

Answer:

the percentage error is 0.02286 x 100% = 2.286%.

Step-by-step explanation:

1.Suppose a car is traveling east on 4th Street and turns left onto King Avenue heading northeast What is the measure of the angle created by the car's turning?

2.Suppose a car is traveling southwest on King Avenue and turns left onto 3rd Street What is the measure of the angle created by the car's turning?

3.Suppose a car is traveling northeast on King Avenue and turns right onto 3rd Street. What is the measure of the angle created by the car's turning? ​

Answers

Answer:

4th street

Step-by-step explanation:

Sorry but I only have an anwser for the first one

The measure of the angle created by the car's turning is 105°

Step-by-step explanation:

  Given :  a car is traveling east on 4th Street and turns onto King Avenue heading northeast.

We have to calculate the measure of the angle created by the car's turning.

Since, car is travelling in east direction on 4th street that is from A to D as shown below in image by arrow.

Then at point B, the car turns toward King Avenue heading northeast. that is B to C as shown below in image

Since, we need to calculate  the measure of the angle created by the car's turning that is measure of ∠ABC.

AD is a straight line, thus measure of any angle  at line segment AD is 180° as angles on one side of a straight line always add to 180 degrees

Therefore, at B,

∠ABC + ∠CBD = 180°

Aldo given , ∠CBD = 75°

Thus, the measure of ∠ABC is ,

⇒ ∠ABC  = 180° -∠CBD

⇒ ∠ABC  = 180° - 75°

⇒ ∠ABC  = 105°

Thus, the measure of the angle created by the car's turning is 105°

Can someone please help me out with this. Please don't just answer for points.

Answers

Answer:

m - n - 4

Step-by-step explanation:

9m + 4n - 1 - 6m - (n + 3) - (2m + 4n)

= m - n - 4

joey made an deposit into an account that earns 6% simple interest. after 3 years joey had earned 400$. how much was joey's initial deposit ?

Answers

I= prt
I=$400 (0.06) (3)
I= 72
The 6% was changed into a decimal (0.06)
So I multiplied 400 x 0.06 x 3
The 400 would be the principal amount the 6% would be the rate and the 3 would be the time

CAN SOMEOEN HELP M E PLEASE STOP SEDING ME LINKS YOUR NOT HELPFUL AT ALL AD YOUR JUST STEALING POINTS FOR WHAT I NEED HELPL.

Answers

Answer:

ok im not 100% sure but i think it can hold only 2 animals soo

Step-by-step explanation:

first you send across two lions, then two wildabeasts then one lion and one wildabeast

Help me on this question pls!!!!!

Answers

Answer:

i cant see the picture

Step-by-step explanation:

In which set do all of the values make the inequality 2x-1<10 true?

A. {10,15,20}

B. { 5,7,9}

C. {4,6,8}

D.{2,3,4}

struggling :(

Answers

Answer:

d

Step-by-step explanation:

10+1 > 2x

11 > 2x

11÷2 > x

5.5>x

in answer a we have 10>5.5

in b 5

in c 6

A and Cccccccccccccccccccccc

PLEASE HELP I DONT HAVE MUCH TIME

Answers

Answer:

10%

Step-by-step explanation:

Hope the helps!!!

Answer:

A) 25%

B) 6.5%

Step-by-step explanation:

A) 10/39.99≈0.2501

    25%

B) 1.95/29.99≈0.0650

    6.5%

whats M+R-A=? i need big help

Answers

Answer:

Hello Corey. Those are just variables, there is really no answer.

What uhhhh I don’t think that is a real question.
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