Mathematics, 16.04.2020 00:54 ImHotRacerYT

If you put $525 into a savings account that paid a simple interest rate of 6.5%, how much would be in your account after two years?
How much interest did you earn?

Answers: 1

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Answers

$593.25 will be available in your account after two years and they earn $68.25 of interest amount, if you put $525 into a savings account that paid a simple interest rate of 6.5%.

Step-by-step explanation:

The given is,

You put $525 into a savings account

Simple interest rate of 6.5%,

2 years

Step:1

Formula to calculate the future amount with simple interest rate,

F=P(1+(r)(t)) ............................(1)

Where,

F - Future amount

P - Initial investment

r - Rate of interest

t - No.of year

From given,

F=525(1+(0.065)(2))

= 525 ( 1+0.13)

= 525 (1.13)

= 593.25

F = $ 593.25

Step:2

Formula to calculate the interest amount,

I=F-P ....................................(2)

Where, I - Interest amount

F - Future amount

P - Initial amount

From the F and P values equation (2) becomes,

I = 593.25 - 525

= 68.25

I = $68.25

Result:

$593.25 will be available in your account after two years and they earn $68.25 of interest amount, if you put $525 into a savings account that paid a simple interest rate of 6.5%.

Answer from: Quest

here you hope this .

step-by-step explanation:

hypotenuse = √(15² + 8²)

= √(225 +64)

= √(289) = 17

sin(x) = cos(y) = 8/17

they are identical so long as you are doing the sine of one angle and the cosine of the only other angle that isn't the right angle.

Hurry need your use the image below to answer the following question. find the value of sin x° and

Answer from: Quest

12.5 feet

step-by-step explanation:

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If you put $525 into a savings account that paid a simple interest rate of 6.5%, how much would be i...