Mason earns $70,000 per year and puts 7% of his earnings into a savings account. what is the total amount in mason's account after 1 year if the interest rate is 3%?   a. $147 b. $72,100 c. $5,047  d. $2,100

Annual income of Mason is 70,000 dollars.

He saves 7% of his annual earnings into a saving account.

So, his savings would be 7% of 70,000 = 0.07 x 70,000 = 4,900 dollars.

The saving account gives an interest rate of 3% per annum.

So the interest accrued on 4900 dollars over the year would be 3% of 4,900 = 0.03 x 4,900 = 147 dollars.  

Total amount in the saving account would be sum of principal amount and interest accrued.

Total balance = principal amount + interest accrued.

Total balance = 4900 + 147 = 5,047 dollars.

Hence, option C is correct i.e. 5,047 dollars.

let's add {f(x)=x+1}f(x)=x+1 and {g(x)=2x}g(x)=2x together to make a new function.

f(x)+g(x) =(x+1)+(2x)=x+1+2x=3x+1

let's call this new function hh. so we have:

{h(x)}={f(x)}+{g(x)}{=3x+1}h(x)=f(x)+g(x)=3x+1

we can also evaluate combined functions for particular inputs. let's evaluate function hh above for x=2x=2. below are two ways of doing this.

method 1: substitute x=2x=2 into the combined function hh.

h(x)

h(2)

​    

=3x+1

=3(2)+1

=7

​ since h(x)=f(x)+g(x)h(x)=f(x)+g(x), we can also find h(2)h(2) by finding f(2) +g(2)f(2)+g(2).

first, let's find f(2)f(2):

f(x)

f(2)

​    

=x+1

=2+1

=3

​  

now, let's find g(2)g(2):

g(x)

g(2)

​    

=2x

=2⋅2

=4

​  

so f(2)+g(2)=3+4=\greend7f(2)+g(2)=3+4=7.

notice that substituting x =2x=2 directly into function hh and finding f(2) + g(2)f(2)+g(2) gave us the same answer!

you just switch the numbers basically so it would be 3/17