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 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 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 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 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.
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 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 A
Explanation
all products represent 100%. Then, the portion of defect products is:
0.0025 of 100%
‘of’ means multiply
0.0025 *100%=0.25%
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
Percentages always add up to 100%. If we let x be the percent of graduates working for jobs unrelated to law, then
74%+3%+2%+x=100%
79%+x=100%
Subtract 79% from both sides of the equation
79%-79%+x=100%
x=100%-79%
x=21%
So, the number of graduates working for jobs unrelated to law is 21%.
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.
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