# MATH

Note: Enter your answer and show all the steps that you use to solve this problem in the space provided.

Yvonne put \$4,000 in a savings account. At the end of 3 years, the account had earned \$960 in simple interest.

How much does she have in her account at the end of 3 years?
At what annual simple interest rate did the account grow? Show your work.
How many more dollars would she have in her account if the interest rate were 1% greater? Show your work.

1. 👍
2. 👎
3. 👁
1. First question 4960?

1. 👍
2. 👎
2. 4960

4000*r*3 = 960
r = 0.08

an extra 1% of 4000 is \$40 more per year

1. 👍
2. 👎
Her account grew by 8%

1. 👍
2. 👎
4. Interest = principal times rate times time

960 = 4,000 * r * 3
960 = 12,000r

Solve for r.

1. 👍
2. 👎
5. thinks

1. 👍
2. 👎
6. thinks.....jk ik what they meant lol but uhmmmm ima try this out hopefully it works :(

1. 👍
2. 👎
7. I finally understand! Note- on part c remember to subtract the final product by 960 to find out how much MORE she earns

1. 👍
2. 👎
8. @oobleck is correct!

1. 👍
2. 👎

## Similar Questions

1. ### Math

Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. Find the measure of x in the triangle. Show all your work. This is for the connexus test Essential Tools of Geometry Unit

2. ### Math

Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. Solve the inequality. Explain all steps and identify the properties used. n/-3 + 5 > 4

3. ### Math

Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. A circle has a diameter of 28 centimeters. Estimate the area of the circle. Use 22/7 for π.

4. ### Math

Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. Find the function rule. [x| -2| -1| 0| 1| 2] [y| 9| 4| -1| -6| -11] PLEASE HELP!!! I REALLY NEED THIS GRADE!!!

1. ### Algebra

Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. f ( x ) = 9 x 3 + 2 x 2 − 5 x + 4 and g ( x ) = 5 x 3 − 7 x + 4 . what is f ( x ) − g ( x ) ? Show all of your steps

2. ### Math

Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. Input (x) Output (y) 32 20 14 2 ? -6 -2 -14 -10 ? Complete the function table and write the function rule.

3. ### MATH

this is for the math Mid-Unit Review Quiz Part 2 Note: enter your answer and show all the steps that you use to solve this problem in the space provided. TRAPEZOID Calculate the area of the trapezoid, which is not drawn to

4. ### Volume of Prisms and Cylinders Quiz Part 2

Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. The radius of a cylinder is 3.5 ft. The height is 14 ft. Find the surface area and volume of the cylinder to the nearest

1. ### Math

1.Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. Simplify the expression. 10h + 6 -5h + 3 2.Note: Enter your answer and show all the steps that you use to solve this

2. ### math

Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. Find the area of the complex figure. 23 m 12 m 23 m 31 m 31 m 69 m Not drawn to scale.

3. ### math

Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. A cylinder has diameter 34 m and height 27 m. A label at bottom states drawing not to scale. Find the volume of the cylinder.

4. ### math

Note: Enter your answer and show all the steps that you use to solve this problem in the space provided. The radius of a cylinder is 3.5 ft. The height is 14 ft. Find the surface area and volume of the cylinder to the nearest