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 D
Explanation
we use the US customary system of units’ equivalent to convert from yards to inches. We know that 1yard=3 ft, and 1 ft =12 inches.
First, convert 2 ¾ into an improper fraction.

Then,

Correct Answer is D
Explanation
Round trip means to and from, which is twice the distance from home to a medical facility.
In one day, the round trip=19+19=38 miles
So, in 22 days, the round trip=38*22=836 miles.
The patient will cover 836 miles in 22 days.
Correct Answer is A
Explanation
to do a comparison of the given data set, we convert the fraction numbers into the approximate decimals.
4/3=1.333
2720=1.35
Now, we have 1.333, 1.35, 1.369, 1.357. These numbers are arranged from the smallest to the largest number, we look at the number in the second decimal place value
1.333 the number in second decimal place value is 3
1.35 the number in third decimal place value is 5
1.369 the number in third decimal place value is 6
1.357 the number in third decimal place value is 5
However, 1.35 and 1.357 have 5 in the second-place vale. We use the ird place value to compare the two number:
1.35 is same as 1.350 and the number in the third-place value is 0
1.357 the number in the third-place value is 7
Now, 0 is less than 7, and thus 1.35 is less than 1.357
Overall, 3 is less than 5, and 5 less than 6 and the provided numbers can be arranged from the smallest to the largest as:
1.333, 1.35, 1.357, 1.369
Thus, the corresponding given numbers organized from the smallest to the largest become:
4/3, 27/20, 1.357, 1.369
The greatest value is 1.369
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 A
Explanation
We need to find the length of the rectangle from the given area and width of the rectangle. Let L be length if the rectangle. Then,

Area of rectangle=Length*width
Substituting area=32 in2 and w=4 inches
32=L*4
32=4L
Divide both sides by 4
32/4=4L/4
8=L
The length of the rectangle is 8 inches.
Correct Answer is D
Explanation
We solve the problem by first finding the amount of gallons needed for the whole trip then find the cost of the gallon.
The car uses 1 gallon to cover 25 miles, which is same as:

Now, in 3000 miles, the car will use how many gallons of gasoline?

A trip of 3000 miles will need 120 gallons. And to find the cost of 120 gallons, we proceed as follows:

The family will spend $199.20 to drive for 3000 miles.
Correct Answer is C
Explanation
We need to perform a series of numerical dimensional analysis to find the number of bags sugar needed for 300 people.
We are told that 50 people need 4 cups of sugar. This can be interpretated as:

Or

Also, one bag of sugar contains 6 cups. This can also be presented as:

Or

We use the second option relating number of people and cups, and second option relating cups of sugar and bag of sugar to find for number of bags of sugar needed for 300 people.
Â

Therefore, 300 people will need 4 bags of sugar.
Correct Answer is A
Explanation
We are given that 1 teaspoon=4.93 mL, we can interpret it as:

Or

Since we are to find the amount in mL, we look for an option that will cancel teaspoon and remain with mL. The second option is the required conversion, and we proceed as follows:

Therefore, 2.5 teaspoons hold about 12.325 mL.
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. Â 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 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
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