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

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Related Questions

(1a) There is a closed carton of eggs in Mai's refrigerator. The carton contains e eggs and it can hold 12 eggs. What does the inequality e<12 mean in this context?

Answers

Answer:

e<12 mean in this context means that the number of eggs in the carton is not up to 12

Step-by-step explanation:

The number of eggs in the carton = 12

The capacity of egg carton is depicted as e

Hence, the inequality e<12 in this context means that :

The number of eggs in the carton is less than the capacity of the egg carton

Thus we can conclude that the number of eggs in the carton is not up to 12, which is the number of eggs the carton can hold.

Can u please help me??
It would be very helpful if u could write down the answer on a piece of paper(50pts)

Answers

Answer:

Given GP:

tₙ = (1/3)ⁿ⁻¹

We see that:

t₁ = 1, r = 1/3

Sum of  n terms:

Sₙ = t₁(1 - rⁿ)/(1 - r)Sₙ = [1 - (1/3)ⁿ] / (1 - 1/3) = [1 - (1/3)ⁿ] / (2/3) = 3/2 [1 - (1/3)ⁿ] Sₙ = 3/2 [1 - (1/3)ⁿ]

A recipe uses 3 eggs for every 8 cups of flour. What is the ratio of eggs to flour in the recipe

Answers

Answer:

3:8

Step-by-step explanation: :)

Answer:

3 eggs :  8 cups of flour

=3:8

Please help

Find the distance between (−9, −3) and (−6, −8). Round your answer to the nearest tenth. The distance is about ____ units.

Answers

The distance is about 5.8 units.

A person in the audience of a reality show has a 16% chance of winning free movie tickets. What is the chance that a person in the audience does not win free movie tickets?
32%
34%
72%
84%

Answers

Answer: 84%

Step-by-step explanation: divide 16 by 100

PLEASE HELP IM REALLY FAILING

Answers

Step-by-step explanation:

1. the depth is what makes this a three-dimensional figure since there are three dimensions length width and depth all three of these dimensions are used to find the volume of a rectangular prism

2. L×w×h

Add (5x3+7x−8)+(2x3−5x2−x+3).

Answers

Use one of the algebra calculators

Noo question djjddrf f f f f f

Answers

Wow that’s so cool man

Answer:

Thank you hope you have a nice day and stay safe

:)

please help HEYMLMUM

Answers

Answer:

A.

Step-by-step explanation:

Pi approx A cylinder has a height of 20 yards and a diameter of 18 yards . What is its volume ? Use 3.14 and round your answer to the nearest hundredth .

Answers

Answer:

5086.8 cubic yards

Step-by-step explanation:

Given data

Height = 20yards

Diamter= 18 yards

Radius= 9 yards

The expression for the volume of a cylinder is given as

V=πr^2h

substitute

V=3.14*9^2*20

V=3.14*81*20

V=5086.8 cubic yards

Rita is making chili. The recipe calls for 3 3/4
cups of tomatoes.

How many cups of tomatoes are used in the recipe?

Answers

Answer:

3 3/4

Step-by-step explanation:

EASY! which equation can be used to solve x in the diagram??

a) 13x - 5x = 180

b) 5x + 13x = 90

c) 5x + 13x = 180

d) 5x = 13x

no links picture above

Answers

Answer:

C) 5x + 13x = 180

Step-by-step explanation:

As, the sum of the angles of the above diagram is 180 °

So if we add them we get 180°

So, 5x + 13x = 180°

So option (C) is right

please answer the math question, I will give brainlie'st to the first to answer correctly and has a very easy to understand layout for the answer. Please explain how you figured it out.
15 + 4(10 - 2 · 5) + 7 =

7
22
182
767

Answers

Answer: 52

15 + 4 (10 - 2 × 5) + 7

15 + 4×(10 - 10) + 7

15 + 0 + 7

= 22

...sorry i thought it was a decimal between 2 and 5

Answer:

22

Step-by-step explanation:

15+4(10-2×5)+7

15+4(10-10)+7

15+4×0+7

15+0+7

15+7

22

3x + y + 2x + 2y – 3
Simplify Expressions by Combining Like Terms

Answers

5x +3y -3 you just add 2 and 5 for x and you can put a 1 in front of the single y so 1+2 is 3 for the y value and then you can just subtract the 3

PLEASE HELP!
Solve the quadratic equations. Show all steps
[tex]1.) 2(x+1)^2=32\\2.)3(x-4)^2=30[/tex]

Answers

Answer:

1.)x=-5, x=3

2.)√10+4, x=√10+4

Step-by-step explanation:

1.) 2(x+1)^2=32

(x+1)^2=16

x+1=±4

x=1=-4

x=1=4

x=-5, x=3

2.)3(x-4)^2=30

(x-4)^2=10

x-4=±√10

x-4=-√10

x-4=√10

x=-√10+4, x=√10+4

DRAMA
If 720 people voted, how
many chose...
10%
F
А
V
0
R
1
T
E
HORROR
10%
Action
ACTION
SCI FI
Comedy
10%
40%
#一#一#一#
Sci Fi
**
M
o
COMEDY
Horror
>-
>
1
E
30%
Drama
# I
Desmos Calculator
How many more people chose Action than Comedy?

Answers

i would choose comedy

Please help will give brainliest

Answers

Answer:

A)24 in^3

Step-by-step explanation:

Answer:

A

Step-by-step explanation:

2x2=4

4x6=24

Solve for x to the nearest 10th.
410 = 1080(0.915)^x

Answers

Answer:

410/1080=(0.915)^x

0.379=(0.915)^x

ln0. 379/ln0.915=x

X=10.903

x ^ 2 + y ^ 2 = 34. x + y = 2 . please help me out​

Answers

Answer:

-5,-3 and 3,5

Step-by-step explanation:

Plzz help i been asking this question for way too long

Answers

Step-by-step explanation:

we know that that the stickers are 1 inch long and 1 inch wide.

We also know that 1x1=1

There are also 3 stickers.

1x3=3

3 is your area.

6.
Function 1
y = 4/3x - 2
Function 2
Any y-value can be found
using the rule multiple x by
1/3 and then add 2
Function 2 has a greater rate
of change than Function 1
Function 1 has a greater rate
of change than Function 2

Answers

What is the question

Plsss help will mark brainliest

Answers

Answer:

27. 18.62

28. 200%

29. 136

30. 50

31. 12.5%

32. 750

33. 5.4

Step-by-step explanation:

What is the equation for the line that passes through the points (-5.5, 2.5) and (-2.5, -3.5)

questions are:

A) y= 2x + 13.5
B) y= x - 1
C) y= -2x + 1.5
D) y= -2x - 8.5

Answers

Answer:

D

Step-by-step explanation:

Find the 25th term: 53, 50, 47, 44, 41,

Answers

Answer:

-19

Step-by-step explanation:

38

35

32

29

26

23

20

17

14

11

8

5

2

-1

-4

-7

-10

-13

-16

-19

The 25th term of the given arithmetic sequence is -19.

The given arithmetic sequence is 53, 50, 47, 44, 41.

What is an arithmetic sequence?

An arithmetic sequence is a sequence of numbers where the differences between every two consecutive terms is the same. The general form an arithmetic sequence is an=a+(n-1)d

Here the first term of the sequence is a=53 and the common difference is

50-53=-3

Put, a=53, d=-3 and n=25 in the general form an arithmetic sequence, we get

a25=53+(25-1)×(-3)

= 53+24×(-3)

= 53-72

= -19

Therefore, the 25th term of the given arithmetic sequence is -19.

To learn more about an arithmetic sequence visit:

https://brainly.com/question/10396151.

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Find the shaded area.

​Round to the nearest tenth if necessary

Answers

Answer:

297 mm²

Step-by-step explanation:

22 mm × 18 mm = 396 mm²

(9 × 22) ÷ 2 = 99 mm²

396 mm² - 99 mm²

297 mm²

help pls geometry volume

Answers

I believe it would be the first one

3. Identify the pair of angles as complementary, supplementary, both, or neither.
a. supplementary
b. complementary and supplementary
c. neither
d. complementary

Answers

Answer:

D) Complementary

Step-by-step explanation:

Angles are complementary if they add up to 90°. The image shown showcases that the angles are 90° because of the box on the corner.

Supplementary means it adds up to 180° which would be a straight line, this is not the case where this is shown.

How can I find the prime factorization of a number with an easy explanation?

Answers

Answer:

Step-by-step explanation:

Step 1: Start by dividing the number by the first prime number 2 and continue dividing by 2 until you get a decimal or remainder. Then divide by 3, 5, 7, etc. until the only numbers left are prime numbers.                                                                 Step 2: Write the number as a product of prime numbers.


How many 1/4 cup servings of pistachios are in 3 cups of pistachios

Answers

Answer:

12

Step-by-step explanation:

3/1 ÷ 1/4

Answer:

12/4cup servings

Step-by-step explanation:

You can say that 1 cup is 4/4 and you have 1/4 cup serving.

If you want to get 3 cups you can do it like this.

4/4*3=12/4 cup servings

someone check my answer please​

Answers

Yes bro that is the right answer you good great job
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