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
A teaspoon can approximately hold 5 mL.
Although the capacity of a teaspoon could be more or less, choice D remains the most correct answer as the other choices have amounts too much for a small teaspoon.
Correct Answer is B
Explanation
we are asked to change 400 mg to g. We use the conversion 1g=1000mg, which we can write as:

So, 400 mg to g becomes

Correct Answer is D
Explanation
The given ratio of yoghurt to toppings is 4:3, meaning:
Yoghurt : toppings =4 : 3
We are given 4.5 oz of toppings and need to find the amount of yoghurt.
Step 1: Set up the proportion
=
Step 2: Solve for yoghurt
Multiply both sides by 4.5:
yoghurt=43×4.5
yoghurt=4×4.5/3=18/3=6oz
Correct Answer is A
Explanation
We are given a mix of fractions and decimals and to compare the numbers, we convert the given decimals to fractions.
4.4 becomes 44/10
4.25 becomes 425/100
Now the set of fractions for comparison are: 9/2, 10/3, 44/10, and 425/100. The least common denominator for 2, 3 and 10 is 300. Then,
9/2*300=1350
10/3*300=1000
44/10*300=1320
425/10*300=1275
From the above products, 9/2 gives the greatest value when the fractions are compared with the least common denominator of the given denominators.
Correct Answer is B
Explanation
The median temperature can be found by organizing the temperature values from the smallest to the largest value as follows:
98.6, 98.7, 99.0, 99.0,99.2, 99.3, 99.7, 100.0
(for an even set of numbers, Median = frac{(frac{n}{2})th observation + (frac{n}{2} + 1) th observation}{2})
From the data set above, there are 8temperature values. The median is the temperature value in the middle position, which falls between the(frac{n}{2} th)and((frac{n}{2} + 1) th) position. Here N=8and median is found as:
(frac{(frac{n}{2})th + (frac{n}{2} + 1) th}{2} = )(frac{(frac{8}{2})th + (frac{8}{2} + 1) th }{2} = 4.5th position)
The element in the 4.5th position is the average of the 4th and 5th element.
(frac{99.0 + 99.2}{2} = 99.1)
Thus 99.1 is the median temperature.
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 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 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 B
Explanation
From the given scenario:
Initial charge is $40
Additional charge per circular cloth=$5c
Additional charge per rectangular cloth=$3.50r
Total cost = additional charge per circular rectangular cloths + Initial charge
Total cost, T = 5c + 3.5r + 40
Correct Answer is D
Explanation
To answer this question, we need to observe the trend of the number of days with dollars. On day 2, the dollars were 8, after 5 days, the dollars decreased to 3, after 13 days, the dollars increased to 10. After 14 days, the dollars declined to 6 and again rose to 16 dollars after 19 days.
From this observation, we cannot be able to establishany correlation between days and dollars.
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