Concept explainers
a.
To write: A monomial that represents the interest earned.
a.
Answer to Problem 57PPS
The required monomial that represents the interest earned is
Explanation of Solution
Given information:
Cleavon has money in an account that earns 3% simple interest.
The formula for computing simple interest is
Cleavon makes a deposit of
Calculation:
We have
(Write the formula)
(Substitute the known values)
(Simplify)
Therefore, the interest earned is
b.
To find: Amount of money Cleavon will have in this account after 2 years.
b.
Answer to Problem 57PPS
The required answer is
Explanation of Solution
Given information:
Cleavon has money in an account that earns 3% simple interest.
The formula for computing simple interest is
Cleavon makes a deposit of
c represents a birthday gift of
Calculation:
(Write the formula)
(Substitute the known values)
9Simplify)
Now total amount after two years will be:
(Substitute the known values)
(Perform 2 multiplied by 250 first)
(Simplify)
Therefore, Cleavonn will have
Chapter 7 Solutions
Algebra 1, Homework Practice Workbook (MERRILL ALGEBRA 1)
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