Pat deposits $600 in a savings account at a simple interest rate 6% per year for 5 years. How much money will Pat have earned in interest at the end of 5 years?
$360
$180
$95
$36
Correct Answer : B
In the simple interest, we utilize the following formula to find the simple interest after a period of time in years.
I=P*r*t
I is the interest
P=Principal or initial deposit
r=rate
t=time in years
From the given problem, P=$600, r=6%=6/100=0.06, t=5 years. Then
I=$600*0.06*5=$180
After 5 years, Pat will earn an interest of $180.
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Related Questions
Correct Answer is A
Explanation
to solve for x, we order like terms together and proceed as follows:
4x-3-5x=24
Add 3 to both sides of the equation
4x-3+3-5x=24+3
4x+3-3-5x=27
4x-5x=27
-x=27
Divide both sides by -1
-x/-1=27/-1
x= -27
Thus, the unknown value of x is -27
Correct Answer is A
Explanation
From the given options, we can arrange the numbers from the smallest to the largest as:
-271.906, -193.823, 145.884, 235.971
From the above, it can be noted that -271 is less than -193 while 235 is more than 145.
Correct Answer is B
Explanation
In the simple interest, we utilize the following formula to find the simple interest after a period of time in years.
I=P*r*t
I is the interest
P=Principal or initial deposit
r=rate
t=time in years
From the given problem, P=$600, r=6%=6/100=0.06, t=5 years. Then
I=$600*0.06*5=$180
After 5 years, Pat will earn an interest of $180.
Correct Answer is B
Explanation
A dependent variable is one that when another variable changes, it also changes. In our case, the insurance premium changes if the age, model, mileage of car changes. Thus, insurance premium is the dependent variable while the other three are independent variable.
Correct Answer is A
Explanation
A whole pizza is equivalent to 1. Then
One friend eats half of the pizza=1/2 of 1=1/2*1=1/2
Remaining amount of pizza to be shared=1-1/2=2/2-1/2=1/2
Now, three friends share ½ equally and each friend will get,

Thus, the three friends each share 1/6.
Correct Answer is A
Explanation
Here we collect like terms together and solve for the unknown value of x.
7x-6=3x-26
Add 6 to both sides of the equation
7x-6+6=3x-26+6
7x=3x-20
Subtract 3x from both sides of the equation
7x-3x=-20
4x=-20
Divide both sides by 4
4x/-4=-20/4
x = -5
The value of x = -5
Correct Answer is B
Explanation
The whole pie chart represents 100%, which we use together with the given percentages to find the respective different sports. Note that 100% is equal to 500 surveyed students. The, the number of teenagers who prefer:
Soccer

Hockey

Football

Basketball

Other

From the evaluations above, 90 teenagers love soccer, 80 love hockey, 190 teenagers love football, 120 teenagers love basketball, and 20 teenagers love others.
Correct Answer is A
Explanation
In this problem, we take the triangle as a right-angled triangle and label it as follows:

From the Pythagoras theorem A2 + B2= C2, we can look for a combination of A and B that when the squares of A and B are summed give a square of 13. Mathematically,

But C=13 inches


If we take A=5 inches and B=12 inches, then



Next, we take A=2.5 inches, B=6 inches



Next, we take A=2.5 inches, B=4 inches

6.25+16=169
22.25≠169
Taking A=5 inches and B=8 inches



From the above computation, the combination of A=5 inches and B=12 inches give a triangle with a hypothenuse of 13 inches.
Correct Answer is D
Explanation
We use the properties of exponent with the same base to solve for above expression.
Multiplication of exponents with same base, we add the exponents

Division of exponents with same base, we subtract the exponents

Using these two properties, we can solve the expression:


Now we use the following properties:
y0 =1, and
, thus

Correct Answer is C
Explanation
We extrapolate the values of a line between 10 and 15 on y-axis to meet the curve and drop another line from the intersection of the curve to meet the x-axis and read off the age of the car.
Now, let’s extrapolate in the following diagram

The intersection of the line and the x-axis is between 4 and 5 years. This means that the car is about 4.5 years old. From the options given, the age of the car is more than 3 years old.
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