Xavier opened a savings account with a deposit of $12,000. The account earned simple interest. He did not make any additional deposits or withdrawals. At the end of 3 years, the account balance was $12,324. What is the annual interest rate on this account? 0. 9% 1. 8% 2. 7% 3. 6%.

Answers

Answer 1

The annual interest rate on the saving account of Xavier which is earned simple interest is 9%.

What is simple interest?

Simple interest is the amount charged on the principal amount with a fixed rate of interest for a time period. Simple interest calculated only on the principal amount.

The formula for the simple interest can be given as,

[tex]I=\dfrac{PRT}{100}[/tex]

Here, (I) is the interest amount on the principal amount of (P) with the rate of (r) in the time period of (t).

Xavier opened a savings account with a deposit of $12,000. At the end of 3 years, the account balance was $12,324.

The principal amount is $12000 and the total amount is $12324. Thus, the interest earned by the Xavier is,

[tex]I=12324-12000\\I=324[/tex]

Total time period is 3 years and the account earned simple interest. Thus, put these values in the above formula as,

[tex]324=\dfrac{(12000)R(3)}{100}\\R=\dfrac{32400}{12000\times3}\\R=9\%[/tex]

Hence, the annual interest rate on the saving account of Xavier which is earned simple interest is 9%.

Learn more about the simple interest here;

https://brainly.com/question/2294792


Related Questions

imagine your a horse you ride 3miles north turn right and ride 3 miles east turn right again an ride 3 miles south make a left turn an ride 2 miles east then a sharp right turn and ride southwest for 6.4 miles an then finaly bride north 4miles what is the total miles covered​

Answers

Answer:

distance is 21.4 miles

Step-by-step explanation:

add all numbers together

Answer:

21.4

Step-by-step explanation:

3+3+3+2+6.4+4

=6+3+2+6.4+4

=9+2+6.4+4

=11+6.4+4

=17.4+4

=21.4

johnny has 5 chocolate bars, jimmy being the bully eats 4 of the bars johnny had. How many do johnny have left??

Answers

Answer:

1

Step-by-step explanation:

5-4 = 1

find the missing length!! pls help meee!!! i need to show work and i’m marking brainliest!!!!!!

Answers

Answer:don’t know if it’s right but here

Step-by-step explanation: okay so first you need to know is that, that triangle it a 90 degrees so you put 90 degrees minus 45 it will equal to 45 because 45+45= 90 degrees but if the question says put degrees then put it if not then don’t put it.

Hope it helped

Answer:

n = 8, m = 11.313

Step-by-step explanation:

The Alvarezes are trying to decide which of two catering companies to hire for their anniversary party. Marvelous Meals charges $700 plus $35 per person. Posh Parties charges $425 plus $50 per person. Both companies are known for their good food and excellent service, so the Alvarezes want to choose the caterer that will cost less. Write the equation to represent Marvelous Meals. *

Answers

Given :

Marvelous Meals charges $700 plus $35 per person. Posh Parties charges $425 plus $50 per person.

To Find :

Which company will cost less.

Solution :

Let, after x people Marvelous Meals charge less than Posh Parties :

So, 700 + 35x < 425 + 50x

275 < 15x

x > 18.33 i.e x > 18

Therefore, after 18 people Marvelous Meals charge less than Posh Parties.

Hence, this is the required solution.

Find the missing length indicated leave your answer in simplest radical form​

Answers

Answer:

If a third of your line is 36 cm lets suppose then times that number by 3 and that gives you a rough estimate of where you should be thus in this case B is your best choice. This isn't a mathematical way of solving it, just basic common sense.

Step-by-step explanation:

Which of the following is true? (1 point)

Question 19 options:

1)

|−6| < 5

2)

|−6| < |5|

3)

|−5| < |−6|

4)

|−5| < −6

Answers

Answer:

Here are the solutions :

1. Carbon dioxide and water

3. A precipitate

4. Electrons are shared in a covalent bond

5. 2 Hydrogen atoms

6. 4 Cl atoms

7. I believe is law of conservation of atoms

8. 5 grams

9. 3 should be placed

10. Oxygen

11. Apple juice

12. It is uniform in composition

13. Salt

14. Compound

15. The concentration cannot be increased

16. Heterogenous mixture

17. Chocolate chip cookies

18. Vegetable soup

19. A compound is a pure substance but a mixture is not

20. Tastes sour.

Can you provide brainliest.

If 1400 = 100% what is 40% of it

Answers

Answer:

40/100 = 40%

40/100 * 1400 = 40*14 = 560

560 is the answer.

Hope this helps :) have a nice day!

Questão 02 - Carlos e sua mãe têm juntos atualmente 47 anos. Sabendo que sua mãe ganhou Carlos aos 23 anos, a equação que representa a soma da idade de Carlos com sua mãe é: * (A) 2x = 47. (B) x + 23 = 47. (C) 2x + 47 = 23. (D) x + 2 = 23. (E) 2x + 23 = 47

Answers

Answer:

x+23 = 47

Step-by-step explanation:

Let age of Carlos is x. It is mentioned that the sum of age of Carlos and his mother is 47 years old. Age of Carlos is 23.

We need to find the equation that represents the sum of Carlos' age with his mother.

x+23 = 47 is the required equation.

Also, we can find the age of Carlos as :

x = 47 - 23

= 24 years

Hence, the correct option is (B).

ANSWER QUICKLY PLEASE!!!!!!

Answers

Answer:

6

Step-by-step explanation:

Draw the best line of fit, and it probably is 6.

A plumber has a piece of pipe that is 3-meter long. He needs to cut it into sections that are
10 centimeters long.
How many sections will he be able to cut?
Complete the explanation about how you found your answer.
It can be cut into
sections.
?
3 meter(s) is equal to
x 100 cm
cm.

Answers

It will be able to be cut into 30 sections.
3 meters = 300 centimeters. 300 centimeters divided by the length of each section, 10 centimeters which equals 30 sections.
Answer: it can be cut into 30 sections
Explanation: 1 meter = 100 cm
3 meters= 300 cm
300/10= 30 sections

Find the value of x.

Answers

Answer:

x = 30°

Step-by-step explanation:

84° + 66° + x = 180°

150° + x = 180°

x = 180° - 150°

x = 30°

Answer:

The value of x is 30°

Step-by-step explanation:

The sum of angles of a triangle is equal to 180°

so, x°+66°+84° = 180°

=> x° + 150° = 180°

=> x° = 180°-150°

=> x = 30°

If 3x^2 is the length of a rectangle and the area is 12x^4 + 27x^ 2 , what must be the width?

Answers

Answer:

W= 4x²+9

Step-by-step explanation:

A pair of Nike sneakers was originally
$110. After a coupon code it cast $82.50.
.What percent discount was that coupon
For?

Answers

Answer:

its either 10% off or 25% off

Step-by-step explanation: sorry if this wasnt helpfull

plot y=-3x+4 on the graph

Answers

Answer:

See photo below

I hope this helps!

4 pts
The polygons are similar, but not necessarily drawn to scale. Find the value of x.
6
16
y +1
12
21
24
32
O x = 9
O x = 10
X = 8
11
2

Answers

Check the picture below.

What is
6÷3751 = ?
I WILL GIVE 29 POINTS. PLEASE I WILL FAIL THE 3RD GRADE​

Answers

Answer:

.0015995734

Step-by-step explanation:

6 divided by 3,751 is the solution above. please mark as brainlest.

Answer:

625 r1

Step-by-step explanation:

3751÷6=625

625×6=3750+1=3751

Luis is going to rent a kayak.

*It costs $18 per hour plus a flat fee of $50 for the insurance.
*Luis can spend $160, at most, to rent the kayak.

What is the maximum number of hours Luis can rent the kayak?

Answers

Answer:

6 hours

Step-by-step explanation:

so to do this your gonna
50 + 18 = 68$
then you just add 18 till you reach as close as you can get to 160$
68$+18$=86+18=104+18=122+18=140+18=158$
then you count the 18's
there is 6 18's witch means that Luis is can kayak for a max of 6 hours

The maximum number of hours Luis can rent the kayak gven the amount he can spend is 6 hours.

What is the maximum number of hours Luis can rent the kayak?

The equation that represents the total amount of money he can spend is:

$160 = $50 + $18h

Where h represents the number of hours

In order to determine the value of h, take the following steps:

Combine similar terms

$160 - $50 = 18h

Add similar terms

$110 = 18h

Divide both sides by 18

h = 6 hours

To learn more about division, please check: https://brainly.com/question/194007

The probability of choosing a diamond card from a standard pack of cards is 0. 25, what is the probability of choosing any other suit?

Answers

Using the probability of complementary events, it is found that there is a 0.75 probability of any other suit.

What is the probability of complementary events?

When two events are complementary, the sum of their probabilities are 1.

In this problem, a diamond card and a card for any other suit are complementary events, hence the equation is:

0.25 + p = 1

p = 0.75.

Thus, there is a 0.75 probability of any other suit.

More can be learned about the probability of complementary events at https://brainly.com/question/25578621

The modern United Kingdom and France, by virtue of most government power being held by the central, national government, are best described as having which form of government? Select one:
A. definitive

B. federal

C. confederal

D. unitary

Answers

I would say d but I could be wrong

whats the right answer?

Answers

Answer:

i think B 99% sure

Step-by-step explanation:

i need help on this question ASAP!!

Answers

Answer:

for question 2 the answer is 8

Step-by-step explanation:

Hope this helps!

If not I am sorry.

A line that forms and 90° angle with the original line is:

Answers

Answer:

a right angle

Step-by-step explanation:

Electra has $1,000 in her savings account. She earns 3.5% interest annually. How much interest has she earned after one year?

$3.50

$35

$350

$1,000

Answers

she has earnt 1000 x 3,5% = $35

Please help‼️‼️‼️‼️‼️ Melanie plans to repaint some classroom bookcases.She has 1 7/8
​gallons of paint. All of the bookcases are the same size and each requires 3/16 gallon of paint. How many bookcases will she be able to paint

Answers

Answer:

The custodian will be able to repaint 7 bookcases with the amount of paint.

Step-by-step explanation:

The custodian  has  5 1/4 gallons of  paint, to find the number of bookcases the custodian will be able to repaint with this amount of paint if each bookcase requires 3/4 gallons, then we will simply divide 5 1/4 by 3/4 to give  us the number.

But first we need to change 5 1/4 to improper fraction,

thus; 5 1/4 =  

5 1/4 ÷3/4   =   ÷

(We will want to change the division sign to multiplication, to do that, we will have to take the inverse of 3/4 which is 4/3 hence;

                   = ×

4 will cancel out 4 hence;

                    =

                    = 7

Therefore the custodian will be able to repaint 7 bookcases with the amount of paint.

There are 15 squares and 6 circles. What is the simplest ratio of circles to squares?

Answers

1 circle for every 2.5 squares

The simplest ratio of circles to squares is 3 : 5.

What is the ratio of circles to squares?

Ratio is used to show the relationship between two or more numbers. expresses. It shows the number of times that one value is contained within other value(s).

The simplest ratio of circles to squares = number of circles : number of squares

6 : 15

3 : 5

To learn more about ratios, please check: https://brainly.com/question/25927869

#SPJ2

pls help will mark as brainliest​

Answers

Answer:

(i) The surface(sheet) of a conical tent is circular so we must use the formula for the area of a circle to find out;

Given the diameter 14, we must find the radius.

To find the radius we must do 1/2 of the diameter to get the radius.

14 x 1/2 = 7, is the radius

Formula for area of a circle;

a = πr^2

where pi is 3.14 or 22/7, r is the radius which is being squared

Plug in the actual values:

a = πr^2

a = 3.14 x 7^2

a = 3.14 x 49

a = 153.86 square meters, is the area of the conical tent's sheet.

(ii) Since there are 153.86 meters in one sheet, we should multiply that by         $12(because $12 per meter) to get the total cost.

So,

153.86 meters x $12 = $1,846.32, it would cost 1,846.32 dollars.

50 points

what is the capital of Texas?

Answers

Answer:

Austin is the capital of Texas

Step-by-step explanation:

The capital of Texas is Austin

What is the mean?

2, 5, 4, 8, 4, 10, 2

TYPE ONLY THE NUMERIC ANSWER

Answers

Answer:

5

Step-by-step explanation:

Do you want to answer my most recent question on my profile? Free 50 points and it's just a one-question survey.

PLEASE HELP I DONT UNDERSTAND 40 POINTS

Answers

Answer:

a. reflection over y axis, then reflection over x-axis

b. xy=qh, xz=qj, yz=jh

c.Both triangles are congruent because all of the sides are congruent

Step-by-step explanation:

One of the solutions of the system of equations shown
in the graph has an x-value of -4. What is its
corresponding integer y-value?
5+
4-
3+
O-1
-3
2
3
-5443
1 2 3 4 5 X
-3
-5

Answers

Answer:

-3

Step-by-step explanation:

We are trying to find where the solution is for the systems of equations. This happens when the 2 graphs intersect.

We see that one of our intersection points is (-1, 0), or x = -1 and y = 0.

The other intersection point is (-4, -3), or x = -4 and y = -3.

Therefore, our answer is the 2nd option, -3.

Answer:

-3

Step-by-step explanation:

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