Find the amount of simple interest earned after 2 years on $480 invested at a 7% annual interest rate?

Answers

Answer 1
Formula for the simple interest is:
I = P · r · t,
where:  P = $480,  r = 7% = 0.07, t = 2 years;
I = 480 · 0.07 · 2 = $67.20
Answer:
The amount of simple interest is $67.20
Answer 2

Using the simple interest formula, an investment of $480 at a 7% annual interest rate will earn $67.20 in simple interest after 2 years.

Finding Simple Interest on an Investment

To calculate the simple interest earned after 2 years on a $480 investment at a 7% annual interest rate, you can use the simple interest formula: Interest = Principal times Rate times Time.

The principal (P) is the initial amount of money, which in this case is $480. The rate (R) is the annual interest rate expressed as a decimal, so 7% becomes 0.07. The time (T) is the number of years the money is invested or borrowed, which is 2 years in this scenario.

Using the simple interest formula:

Interest = 480 times 0.07 times 2

Interest = 33.6 times 2

Interest = $67.20

Therefore, an investment of $480 at a 7% annual interest rate will earn $67.20 in simple interest after 2 years.


Related Questions

Kathleen and Arnob both run from the park entrance along a loop. Kathleen starts walking from the park entrance and gets a 5-mile head start on Arnob. The graph shows how far they have both traveled.

How many minutes does it take Arnob to catch up to Kathleen?

a. 9.8
b. 10
c. 73.5
d. 75

Answers

For this case, the first thing we must do is define variables.

We have then:

x: time in minutes

y: distance traveled.

We then have the following equations:

For Kathleen:

[tex] y = (\frac{1}{15}) x + 5
[/tex]

For Arnob:

[tex] y = (\frac{2}{15}) x
[/tex]

By the time Arnob reaches Kathleen we have:

[tex] (\frac{1}{15}) x + 5 = (\frac{2}{15}) x
[/tex]

From here, we clear the value of x.

We have then:

[tex] (\frac{2}{15}) x - (\frac{1}{15}) x = 5
[/tex]

[tex] (\frac{1}{15}) x = 5

x = (15) * (5)

x = 75 min
[/tex]

Answer:

it takes Arnob to catch up to Kathleen 75 minutes:

d. 75

I HAVE 5 MATH QUESTIONS AND NEED HELP ASAP! ONLY COMMENT IF YOU ARE GOING TO HELP.

Answers

I hope this helps you


1) false,true


3) x=3 y=4


4) y= 2. (-1)+3=1

What is 57 divided by 4241

Answers

The result of dividing 4241 by 57 is approximately 74.40.

To divide 4241 by 57, we perform the division as follows:

       74

  ____________

57 | 4241

    - 3996

    _______

       245

      - 228

      ______

        170

       -  171

       ______

            -1

The quotient is 74 with a remainder of 1.

Therefore, [tex]\( \frac{4241}{57} = 74 \)[/tex].40 with a remainder of 1.

Complete question:

What is 4241 divided by 57?

D=20-1.95c how would I work this out correctly

Answers

umm is D represented by a number?

if it was, you would take D=20-1.95c subtract 20 from both sides, so you can isolate your variable, c

then divide both sides by -1.95 and you get

( D - 20 ) ÷ -1.95 = c

a ball bounces from a height of 2 metres and returns to 80% of its previous height on each bounce. find the total distance travelled by the ball until it stops bouncing a ball bounces from a height of 2 metres and returns to 80% of its previous height on each bounce. find the total distance travelled by the ball until it stops bouncing

Answers

 The solution to the problem is as follows:

We have 2+.8(2) + .8(.8(2)) + .8(.8(.8(2))) + ... = 

2( .8^0 + .8^1 + .8^2 + .8^3 + ... ) = 

2(.8^n -1) / (.8-1) . As n-->infinity, .8^n-->0 giving us 

2(-1)/(-.2) = 2(5) = 10 meters.


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Answer:

The distance traveled by the ball until it stops bouncing is:

                                   18 meters

Step-by-step explanation:

It is given that:

a ball bounces from a height of 2 meters and returns to 80% of its previous height on each bounce.

This means that the distance traveled by the ball is the distance it travels by going down as well as coming up on bouncing.

and is given as follows:

[tex]\text{Total Distance}=2+0.8\times 2\ up+0.8\times 2\ down+(0.8)^2\times 2\ up+(0.8)^2\times 2\ down+.....\\\\\text{Total distance}=2+4\times (0.8)+4\times (0.8)^2+4\times (0.8)^3+....\\\\\text{Total distance}=2+4\times [0.8+(0.8)^2+(0.8)^3+......]\\\\\text{Total distance}=2+4\times (\dfrac{0.8}{1-0.8})[/tex]

Since, the formula of infinite geometric progression is:

[tex]\sum_{n=1}^{\infty} ar^{n-1}=\dfrac{a}{1-r}[/tex]

i.e.

[tex]\text{Total distance}=2+4\times (\dfrac{0.8}{0.2})\\\\\text{Total distance}=2+4\times 4\\\\\text{Total distance}=2+16\\\\\text{Total distance}=18\ \text{meters}[/tex]

640, 160, 40, 10, ...

Which correctly describe the graph of the geometric sequence? Check all that apply.

The graph will show exponential growth.
The graph will appear linear.
The domain will be the set of natural numbers.
The range will be the set of natural numbers.
The graph will show exponential decay.

Answers

The graph will show exponential decay and The domain will be the set of natural numbers.

Option C and D will apply.

What is a Geometric Sequence ?

A geometric sequence is a sequence of numbers obtained by either  multiplying or dividing by the same value.

The geometric sequence given is

640, 160, 40, 10, ...

Each number is divided by 4

So the nth term will be

[tex]\rm T_n = a_1 r^{n-1}[/tex]

where [tex]\rm a_1 \; is \; the \; first \; term[/tex]

and r is the common ratio

r =(1/4) for this sequence

The function is

[tex]\rm T_n = 640(\dfrac {1}{4})^{n-1}[/tex]

As from the function it can be understood , That The graph will show exponential decay and The domain will be the set of natural numbers.

Option C and D will apply.

To know more about Geometric Sequence

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Final answer:

The sequence is a geometric sequence showing exponential decay with a factor of 0.25 (divisible by 4). The graph will show exponential decay and not appear linear. The domain is the set of natural numbers, while the range consists of specific values from the sequence, not all natural numbers.

Explanation:

The sequence given is 640, 160, 40, 10, ..., which is a geometric sequence. We can determine this because each term is obtained by multiplying the previous term by a constant factor.

In this case, each term is divided by 4 to get the next term (160 is 640 divided by 4, 40 is 160 divided by 4, and so on). Therefore, the common ratio r is ¼ or 0.25, which is less than 1.

Now, let’s evaluate the statements provided:

The graph will show exponential decay because the ratio is between 0 and 1, which means the sequence is getting smaller.The graph will not show exponential growth since the terms are decreasing. Exponential growth would require the terms to get larger as the sequence progresses.The graph will not appear linear because the rate of decrease is not constant in terms of subtraction, but rather in division by a factor.The domain of a sequence typically consists of the set of natural numbers since it represents the position of each term in the sequence.The range will not be the set of natural numbers because the terms do not include all natural numbers but rather specific values determined by the geometric sequence.

So, the correct statements are that the graph will show exponential decay and the domain will be the set of natural numbers.

Learn more about Geometric Sequence here:

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Lisa ate 1/3 of pizza. Kate ate 4/12 of same pizza. What fraction did they eat altogether

Answers

its 2/3 because after finding the lcd  you find its the same number in the question 

In the function y=1/2x^2 , what effect does the number 1/2 have on the graph, as compared to the graph of the function y=x^2 ?

A. It shrinks the graph vertically to 1/2 its original height.
B. It stretches the graph vertically by a factor of 2.
C. It stretches the graph horizontally by a factor of 2.
D. It shrinks the graph horizontally to 1/2 its original width.
In the function y=1/2x^2 , what effect does the number 1/2 have on the graph, as compared to the graph of the function y=x^2 ?

A. It shrinks the graph vertically to 1/2 its original height.
B. It stretches the graph vertically by a factor of 2.
C. It stretches the graph horizontally by a factor of 2.
D. It shrinks the graph horizontally to 1/2 its original width.

Answers

Answer:

D isn't the correct answer. It's "It shrinks the graph vertically to 1/2 its original height."

Step-by-step explanation:

I'm not sure why though this is right because I graphed it, and I don't see how that could be the right answer.

Answer:

Option A - It shrinks the graph vertically to 1/2 its original height.

Step-by-step explanation:

Given : In the function [tex]y=\frac{1}{2} x^2[/tex]

To find : What effect does the number [tex]\frac{1}{2}[/tex] have on the graph, as compared to the graph of the function [tex]y=x^2[/tex] ?

Solution :

The parent function is [tex]y=x^2[/tex]

We have given that  [tex]\frac{1}{2}[/tex] number is multiply to the parent function.

When the unit is multiply to the function gives you vertical stretch or compression

i.e, f(x)→ bf(x), o<b<1 then the function is vertically compressed.

[tex]y=\frac{1}{2} x^2[/tex] As  [tex]0<\frac{1}{2}<1[/tex] means there is vertical compression or shrinks.

Therefore, Option A is correct.

It shrinks the graph vertically to 1/2 its original height.

What multiplies to make 12 and adds up to 16

Answers

I believe its 4. Hope it helped!
there is no answer because the only numbers that make 12 are 1x12 3x4 and 2x6 none of them make 16

Which ordered pairs in the form (x,z) are solution to the equation 3x-4y?

Answers

(7, 0) and (11, 3) HOPE THIS HELPED!!  ( ⸝⸝•ᴗ•⸝⸝ )੭⁾⁾

please help with this #15

Answers

The answer is 4 ,,y represents the future value of money

What percent of 150 is 135?

Answers

135 is 90% of 150, so 90% is the answer
yes it's ans should be 90%

A bacteria culture begins with 15 bacteria which double in amount at the end of every hour. How many bacteria are grown during the 12th hour?

Answers

The answer is 30720

A = P * rⁿ
A - the final population
r - the growth rate
P - the initial number of bacteria
n - the number of hours

We know:
A = ?
r = 2 (it doubles)
P = 15
n = 12

After 11 hours
A(11) = 15 * 2¹²
A(11) = 15 * 2048
A(11) = 30720

After 12 hours
A(12) = 15 * 2¹²
A(12) = 15 * 4096
A(12) = 61440

How many bacteria are grown during the 12th hour?
A(12) - A(11) = 61440 - 30720 = 30720

evaluate 3X^2-14X-49/X-7
the quotient of the equation is __X+__

Answers

I hope this helps you

Answer:

[tex]3x+7[/tex]

Step-by-step explanation:

[tex]\frac{3x^2-14x-49}{x-7}[/tex]

before dividing this fraction , lets factor the numerator

[tex]3x^2-14x-49[/tex]

Product is -49 and sum is -14, lets break the middle term using factors

[tex](3x^2+7x)+ (-21x-49)[/tex]

Take out GCF from each group

[tex]x(3x+7)-7(3x+7)[/tex]

[tex](3x+7)(x-7)[/tex]

Now we replace the factors in the numerator

[tex]\frac{(3x+7)(x-7)}{x-7}[/tex]

We have (x-7) at the top and bottom , so we cancel it out

[tex]3x+7[/tex]

The number of students at marita's school decreased to 98% of last year's number currently there are 1170 students how many students were there last year round to the nearest whole number

Answers

There were about 1194 students at Marita's school last year.

To find the number of students last year when the current number is 1170 and represents 98% of last year's number, you can set up a simple equation.

Let "x" represent the number of students last year.

According to the given information, the current number of students is 98% of last year's number, which can be expressed as:

1170 = 0.98x.

To find the value of "x," you need to divide 1170 by 0.98:

[tex]\(x = \frac{1170}{0.98} = 1193.877\).[/tex]

Rounding to the nearest whole number, last year's number of students was approximately 1194.

So, there were about 1194 students at Marita's school last year.

Use linear approximation to estimate 15^.25 ...?

Answers

Let f(x) = sqrt(x). Use linear approximation about x = 25, since 24 is close to 25, and since it is easy to take the square root of 25. Note that f ' (x) = 1/[2sqrt(x)] from the power rule. About x = 25, f(x) is approximately f(25) + f ' (25)(x - 25). So sqrt(24) = f(24) is approximately f(25) + f ' (25)(24 - 25) = sqrt(25) + {1/[2sqrt(25)]}(-1) = 5 - 1/10 = 4.9 .
A linear approximation of f(x) in a neighborhood of a 


f(x) ~ f(a) + f'(a) (x-a) 


f(x) = x^1/4 

2^4 = 16 i.e. a = 16 

f(15) ~ f(16) + f'(16) (15-16) 

f'(x) = 1/4 x^(-3/4) 

f(15) ~ 2 + 1/4 (16)^-3/4 (-1) 

~ 2 - 1/(32) = 1.96875


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The following curve passes through (3,1). Use the local linearization of the curve to find the approximate value of y at x=2.8. ...?

Answers

d/dx (2 x^2 y + y = 2x + 13) 4xy + 2x^2 y' + y' = 2 4xy + y'(2x^2 + 1) = 2 y' = (2- 4xy)/(2x^2 +1)

ow we can use this in a linear equation for a slope Ty = -5x/8 +5(3)/8 +8/8 = -5x/8 +(15+8)/8 = -5x/8 +23/8 this will gives us an approximation at x=2.8 now

ANSWER:

y ≈ (-10/19)*(2.8 - 3) + 1 = 1 2/19 ≈ 1.105

STEP-BY-STEP EXPLANATION:

y = (2x+13)/(2x^2+1)

y' = ((2x^2+1)*(2) - (2x+13)(4x)) / (2x^2+1)^2

at x=3, this is

y'(3) = (19*2 - 19*12)/19^2 = -10/19

So, your linearization is

y ≈ (-10/19)*(x-3) + 1

At x=2.8, this is

y ≈ (-10/19)*(2.8 - 3) + 1 = 1 2/19 ≈ 1.105

Solve the inequality. Graph the solutions. h – 2 < –1

Answers

h < 1 I think that's the answer

The LCM of 50, 120, and 225 is 5. true or false?

Answers

Its false because,
50=2x5x5
120=2x3x4x5
225=3x3x5x5
LCM=2x3x3x4x5x5=1800.

Answer:

Its false

Step-by-step explanation:

well first i pt the answer in and it came out correct.

Under a dilation, a figure is enlarged and its orientation is preserved. Choose the statement that best describes the dilation.

A.

The image is along the same ray as the preimage but is farther from the center of dilation.
B.

The image is along the opposite ray from the preimage but is farther from the center of dilation.
C.

The image is along the same ray as the preimage but is closer to the center of dilation.
D.

The image is along the opposite ray from the preimage but is closer to the center of dilation.

Answers

The correct answer of the given question above would be option A. Under a dilation, a figure is enlarged and its orientation is preserved. Based on this, the correct answer statement that best describes the dilation is this: The image is along the same ray as the pre image but is farther from the center of dilation. Hope this answer helps. 

Answer: C) The image is along the same ray as the preimage but is closer to the center of dilation.

In 0.57 which is the part and which is the whole

Answers

There is no whole number and .57 is the part...


You invest $2,000 in an account that is compounded annually at an interest rate of 5%. You never withdraw money from the account. How much money will be in the account after 4 years?

Answers

A=2000(1+0.05)^4=2,431.01

Answer:

A=2000(1+0.05)^4=2,431.01

Step-by-step explanation:

find the median for the given set of data.
0.6, 1.1, 0.87, 2, 0.87, 1.23
a) 0.87
b)0.985
c)1.1

Answers

The answer is B. Put it least to greatest = 0.6, 0.87, 0.87, 1.1, 1.23, 2. Then you take the two middle number, 1.1 and 0.87, and add them. You get 1.97. Then you divide 1.97 by 2. Which equals 0.985

Hope I helped!! :))

Can someone answer the questions on the sheet for me please?

Answers

1)a)20+20*0.15,,20+3=23,,c)810-810*0.05=769.5

Part 1 : When solving systems of equations, how do you determine what method to use?

Part 2 : Choose 1 system of equations from the choices below. Then, solve the system and post your solution, showing your steps so that other students can see which method you chose.

–y + 3x = 6
y = –6x + 12


6x – 4y = 54
–9x + 2y = –69


2y = x + 1
–2x – y = 7
...?

Answers

Part 1. The selection of method to use for solving system of equations is a matter of arbitrary choice. That is, what's convenient for you. For me, elimination is easier.
Part 2. I'll try solving the second system.6x-4y = 54-9x+2y = -69
Multiplying the first equation by 9 and the second equation by 6.
 54x - 36y = 486-54x + 12y = -414
Adding the two equations,
-24y = 72y = -3
Subtitute back to one of the equations,-9x + 2y = -69-9x + 2(-3) = -6969 - 6 = 9x9x = 63x = 7
The solution is then (7, -3).
Final answer:

To solve systems of equations, select a method based on the system's setup; using substitution, we solve the given system and find the solution to be (2, 0).

Explanation:

When solving systems of equations, one must choose the method that best fits the problem's constraints. Methods include substitution, elimination, and graphing. The method selected often depends on how the equations are presented and which method allows for the most straightforward calculation.

Choosing the system –y + 3x = 6 and y = –6x + 12, we can solve it using substitution since the second equation is already solved for y:

Substitute the expression for y from the second equation into the first.So –(–6x + 12) + 3x = 6.Simplify to get 6x – 12 + 3x = 6.Combine like terms to get 9x – 12 = 6.Add 12 to both sides to get 9x = 18.Divide by 9 to find x = 2.Plug x back into the second equation to get y = –6(2) + 12, hence y = 0.

Our solution is (x, y) = (2, 0).

Is the coordinate (-2,-4) a solution to the equation y= 3x-2.

Answers

(x,y)
(-2,-4)

see if when x=-2 and y=-4 the statement is true

-4=3(-2)-2
-4=-6-2
-4=-8
false

no it is not

Triangle LMN is congruent to triangle HIJ. Angle L measures 35 degrees angle M measures 65 degrees and angle H measures 2x + 10 degrees. Find the value of x.

Answers

The way you have written it, Angle I = Angle M
so
2x + 10 = 65
2x = 55
x = 27.5

Answer: The value of x is 12.5°.

Step-by-step explanation:

Since we have given that

ΔLMN ≅ ΔHIJ

So, According to "Congruency rules":

∠L = ∠H  -------------------------------------(1)

∠M = ∠I

∠N = ∠J

∠M = 65° , ∠L = 35° and ∠H = (2x+10)°

From eq(1), we get that

[tex]2x+10=35^\circ\\\\2x=35-10\\\\2x=25\\\\x=\dfrac{25}{2}\\\\x=12.5^\circ[/tex]

Hence, The value of x is 12.5°.

To calculate the unit price of an item, divide the total number of units by the total price.
True or False?

Answers

"To calculate the unit price of an item, divide the total number of units by the total price." Would be true.

Answer:

Its really false!!!!!

Step-by-step explanation:


Guys i need help. My niece has come over my house and she need help with this question any help?

Loves from KIM.

A ladder that is 21 feet long is propped against a building. The bottom of the ladder was placed 4 feet from the base of the building. How high up on the building does the ladder reach? Round the answer to the nearest tenth of a foot.
4.1 feet
17.0 feet
20.6 feet
21.4 feet

Answers

using the Pythagoras theorem,

21²=4²+height²
441=16+height²
425=height²
height=√425=20.6

The ladder reaches a height of 20.6 ft on the building.

Answer:

C

Step-by-step explanation:

I took test on Edg

Use the relationships in the diagram below to write an equation and solve for X

Answers

a. x^2 + b^2 = c^2  
    x^2 + 18^2 = 30^2
    x^2 + 324 = 900
    x^2 = 900 - 324
    x^2 = 576
    x = sqrt 576
    x = 24 <===

b. (2x + 20) + (2x) + (x) + (3x + 20) = 360
     8x + 40 = 360
     8x = 360 - 40
     8x = 320
     x = 320/8
     x = 40

2x + 20 = 2(40) + 20 = 80 + 20 = 100
2x = 2(40) = 80
3x + 20 = 3(40) + 20 = 120 + 20 = 140
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