Micah deposited $4000 between two savings account. One account earns 4% simple interest each year. The other account earns 2% simple interest. Last year Micah earned $140 interest on the accounts. What amount was originally deposited into the account that pays 4% interest?
Answers
Answer:
The amount that is deposited at 4 % simple interest is $ 3000.
Step-by-step explanation:
Given, the total amount deposited = $ 4000,
Let x be the amount that is deposited at the rate of 4 % simple interest,
⇒ The amount deposited at the rate of 2% simple interest = ( 4000 - x ) dollars,
We know that,
The simple interest on an amount is,
Where, P is the principal amount, r is rate of interest and t is time,
Thus, the total interest he earned in a year
According to the question,
I = $ 140,
Hence, the amount that is deposited at 4 % simple interest is $ 3000.
$100 * 0.02 = $20
total 2 accounts = $120 + $20 = $140
answer: $3000 was the originally deposited into the account that pays 4% interest.
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Answers
Answer:
a. C=20x + 44 where C is total cost, and x is the number of months.
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Step-by-step explanation:
Where C is total cost, and x is the number of months, we get the equation
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For part b, you plug in 6 to that equation and you get $164
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Answer:
see the explanation
Step-by-step explanation:
we know that
An isosceles triangle has two equal sides and two equal interior angles
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Answers
Answer:
7:45
Step-by-step explanation:
Answer:
if it's 4:25 in 3h and 20 min the time will be 7:45
y=-3x
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6= -3(-2)
-9= -3(3)
12= -3(-4)
Hope this helps! Good luck! :)
Answers
LA=2H(L+W)
H=4
L=11
W=7
LA=2*4*(11+7)
LA=8*18
LA=144
answer is 144 cm^2