The required it will take 10 years to earn $500 in interest. Option C is correct.
Simple interest is a quick and simple formula for figuring out how much interest will be charged on a loan.
SI= Principal×rate×time]
Here,
The formula for simple interest is:
I = Prt
We know that the principal (P) is $2,000, the interest rate (r) is 2.5% or 0.025 as a decimal, and we want to find the time (t) it takes to earn $500 in interest.
Substituting these values into the formula, we get:
$500 = 2,000 * 0.025 * t
$500 = 50t
t = 500 / 50 = 10 years
Therefore, it will take 10 years to earn $500 in interest.
Learn more about simple interests here:
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Answer:
See attached picture.
Step-by-step explanation:
To graph the equation, use the slope intercept form of the line to identify the slope and y-intercept.
y = -x + 1 y = mx+b
m=-1 and b=1
This means start at 1 on the y-axis and plot a point. From this point (0,1), move down 1 unit and to the right 1 unit. Plot this point (0,1). Connect the two points.
Answer: Weight of each of Carl's checked bags is 15.5 kg.
Step-by-step explanation:
Since we have given that
Number of checked bags of equal weight = 2
Weight of a backpack = 4 kg
Total weight of Carl's baggage = 35 kg
Let the weight of checked bags be 'w'.
According to question,
Hence, Weight of each of Carl's checked bags is 15.5 kg.