Mathematics, 16.12.2019 16:31, daevinepetersopa86on

Terrence opens a savings account with a deposit of $1000. after 1 year he receives $50 in interest. what is the annual interest rate a) 5%. b) 20% c) 10% d) 15%

Answers: 3

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answered: Daseanjones3063

Step-by-step explanation:

So, I'm pretty sure this is a problem about compound interest.

The formula for compound interest is A = p(1 + r/n)^nt

For this problem, $1000 is p, the initial amount; A is the total amount, or $1050.

What the problem is asking for is r, the interest rate, which is divided by n. N is the number of times the interest rate is compounded per year; Since the question is asking for the annual interest rate, N would be equal to 1. And because Terrence is has only left his money in for a year, t would also be equal to one.

So, by filling in the formula some, we get this:

$1050 = $1000(1 + r/1)^1*1

To find r, we would need to isolate it in the problem.

1. First, distribute $1000 to the parenthesis(keep in mind that 1000, is also equal to 1000/1:

1050 = (1000 + 1000r/1)^1

2. Then subtract 1000 from both sides:

50 = (1000r/1)^1

3. Multiple both sides by one:

50 = (1000r)^1

4. Divide both sides by 1000:

.05 = r^1 or .05 = r.

The answer is A, 5%.

answered: Guest

a) one student is chosen from classroom a, then a student is chosen from classroom b.

step-by-step explanation:

independent events are ones in which the probability of one event does not affect the probability of the second event.

one student is chosen from classroom a; this does not affect the chances of choosing a student from classroom b. this makes these independent events.

when one card is chosen from a standard deck and then set aside before a second card is chosen, the probability of the second card being chosen changes. this makes them dependent events.

when one student is chosen from classroom a and then a second student is chosen from classroom a, the probability of choosing the second student changes. this makes them dependent events.

when a letter is chosen from the alphabet and then a second letter is chosen, the probability of choosing the second letter changes. this makes them dependent events.

answered: Guest

The answer is the first one

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Terrence opens a savings account with a deposit of $1000. after 1 year he receives $50 in interest....