Mathematics, 26.06.2019 03:30 Ndow2

Mr. gardener has $300,000 in a deposit account and receives 8 1 3 % interest annually. what annual interest (in dollars) does he receive?

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Answer from: UnusualKc8513

The annual interest he receives is $25000

Step-by-step explanation:

We are given

Mr. Gardener has $300,000 in a deposit account

so,

P=300000

receives 8 1 3 % interest annually

so, r=8 1/3 %

$r=8\frac{1}{3} =\frac{8\times 3+1}{3} =\frac{25}{3}$ %

time =1 year

so, t=1

now, we can use interest formula

$I=\frac{P\times r\times t}{100}$

now, we can plug values

$I=\frac{300000\times \frac{25}{3}\times 1}{100}$

now, we can simplify it

I=25000

So,

The annual interest he receives is $25000

Answer from: Kimbeeeerly4569

$25,000

Further explanation

Given:

Mr. Gardener has $300,000 in his savings account.He receives 8¹/₃ % interest annually.

Question:

What interest (in dollars) does he receive annually?

The Process:

This problem includes the type of determining simple interest.

Simple interest = $\boxed{ \ P \times r \times t \ }$

P = principal (initial amount) r = annual interest ratet = time (in years)

The data is as follows:

P = 300,000 r = 8¹/₃ % or ²⁵/₃₀₀ or 0.0833 t = 1 year

Let us calculate how much interest (in dollars) does he receive annually.

$\boxed{ \ = 300,000 \times 8\frac{1}{3} \% \times 1 \ }$

$\boxed{ \ = 300,000 \times \frac{25}{300} \ }$

$\boxed{ \ = 1,000 \times 25 \ }$

$\boxed{ \ = 25,000 \ }$

Thus the amount of interest does he receive annually equals $25,000.

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Notes

We must be able to distinguish between simple and compound interest. Please learn about this in the link attached below.

Learn more Melanie is looking for a loan How much will our account accrue to in 9.5 years What is the total amount owed at the end of the 4 years

Answer from: Quest

last option: rhombus or kite

step-by-step explanation:

a kite and rhombus have the same shape. as we don't have any specific formula for the calculation of area of kite. the diagonals are used to calculate the area of a kite or rhombus.

the formula for area of rhombus is given by:

$a = \frac{1}{2}d_{1} d_{2}$

here, d_1 is the first diagonal and d_2 is the second diagonal.

so,

last option is the correct answer ..

Answer for 15 points (look at the image)

Answer from: Quest

What is the inequality?

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