Mathematics, 11.10.2021 04:00 dsbdkbv2772
Simple Interest Application
Simple interest is given by the formula A = P + Prt. Where A is the balance of the account after t
years, and P is the starting principal invested at an annual percentage rate of r, expressed as a
decimal.
Cameron is investing money into a savings account that pays 2% simple interest, and plans to leave it
there for 15 years. Determine what Cameron needs to deposit now in order to have a balance of
$30,000 in his savings account after 15 years.
Cameron will have to invest $
now in order to have a balance of
$30,000 in his savings account after 15 years. Round your answer to the nearest dollar.
Answers: 2
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Aroulette wheel has 38 slots in which the ball can land. two of the slots are green, 18 are red, and 18 are black. the ball is equally likely to land in any slot. the roulette wheel is going to be spun twice, and the outcomes of the two spins are independent.the probability that it lands one time on red and another time on black in any order is(a) 0.5 (b) 0.25 (c) 0.4488 (d) 0.2244
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Simple Interest Application
Simple interest is given by the formula A = P + Prt. Where A is the ba...
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