You invest $3000 in an account at 3.5% per year simple interest. how much will you have in the account at the beginning of the 7th year? round your answer to the nearest whole dollar. a. $3735 b. $3720 c. $3540 d. $3630

Option "D" is correct $3630

Step-by-step explanation:

At the beginning of the 7th year, the money has been in the account for 6 years.

The simple interest on $3000 at 3.5% for 6 years is I = prt:

(3000) = (.035) = (6) = 360

he amount in the account at the beginning of the 7th year is then the original amount plus the interest $3630.

thats not a system of equations, that is a solution

the homeowners insurance cost for a 115,000 wood frame house is 80,500.

step-by-step explanation:

it is given that the coverage rate for wood frame house is 0.7.

the value of wood frame house is 115,000.

.

homeowners insurance cost for a 115,000 wood frame house is

therefore the homeowners insurance cost for a 115,000 wood frame house is 80,500.