18. George invests $5000 for 14 years at a rate of 2% per year compound interest. Calculate the interest he receives. Give your answer correct to the nearest dollar.

He will receive $1, 400 for interest

&

A total amount of $6, 400

Step-by-step explanation:

To find the interest, we must apply the following formula:

I = P × R × T

I represents interest

R represents rate

T represents time

P represents principle

Steps:

1. Change the rate, which is 2%, into a decimal.

2. Multiply the principle, which is 5,000, by the rate, which is 0.02.

3. Multiply the product of the principle and rate, which is 100, by the time, which is 14 years.

So he will receive $1, 400 interest.

To find the total amount he recieved, we must:

Add the principle, which is 5,000, and the current interest, which is 1, 400.

5,000 + 1,400= 6,400

He will receive a total of $6, 400

I hope this helps! I'm sorry if it's wrong.

the ratio of white tiles to blue tiles is 48: 16. the ratio in it's simplest form is 3: 1.

step-by-step explanation:

ratio: take the first number and add a colon next to it, then add the second number after that. make sure the ratio order matches up with the written problem!

simplest form: we can simplify the ratio 48 : 16 by dividing both terms by the greatest common factor (gcf).

the gcf of 48 and 16 is 16.

divide both terms by 16:

48 ÷ 16 = 3

16 ÷ 16 = 1

reducing to simplest form:

48 : 16 = 3 : 1

they charge the same amount at 20 minutes.

step-by-step explanation: