Concept explainers
For Exercises
Five years ago you deposited a sum of money into a savings account which has earned $150 in interest. The interest rate for the account is
A. $22.50
B. $100
C. $1000
D. $10,000
To choose a correct letter for the amount of deposited in the account five year ago, from
Answer to Problem 5STP
The correct letter is
Explanation of Solution
Given information :
Given simple interest amount
And one of the correct answer form the following options
As we simple interest amount
Let
The amount of simple interest per year
Thus, amount of simple interest in
Therefore, the amount of principal amount that deposited in the account five years ago is
Hence, the correct letter is
Chapter 2 Solutions
High School Math 2012 Common-core Algebra 1 Practice And Problem Solvingworkbook Grade 8/9
Additional Math Textbook Solutions
College Algebra (7th Edition)
Elementary Algebra: Concepts and Applications (10th Edition)
College Algebra with Modeling & Visualization (5th Edition)
Linear Algebra and Its Applications (5th Edition)
Differential Equations and Linear Algebra (4th Edition)
- Algebra and Trigonometry (6th Edition)AlgebraISBN:9780134463216Author:Robert F. BlitzerPublisher:PEARSONContemporary Abstract AlgebraAlgebraISBN:9781305657960Author:Joseph GallianPublisher:Cengage LearningLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
- Algebra And Trigonometry (11th Edition)AlgebraISBN:9780135163078Author:Michael SullivanPublisher:PEARSONIntroduction to Linear Algebra, Fifth EditionAlgebraISBN:9780980232776Author:Gilbert StrangPublisher:Wellesley-Cambridge PressCollege Algebra (Collegiate Math)AlgebraISBN:9780077836344Author:Julie Miller, Donna GerkenPublisher:McGraw-Hill Education