Solve a word problem involving simple interest
Question
Robin deposited $31,000 in a ban...
Mathematics, 03.04.2020 01:25 jsmn9083
Solve a word problem involving simple interest
Question
Robin deposited $31,000 in a bank account with an annual interest rate of 5.2%. How much interest was earned in 3
years?
Answers: 2
Mathematics, 21.06.2019 15:30
The average hourly earnings for a construction worker is projected to be $24.50 in 2012. jason wants to join the construction work force after he graduates in 2012. his friend tells him that average hourly earnings for construction workers will rise by 2% from 2009 to 2012. based on the data below, assuming that the projected hourly earnings are correct, is jason’s friend’s statement accurate? construction industry - average hourly earnings, 2000-2009 a. his friend’s statement is accurate. the average hourly earnings will increase by 2%. b. his friend’s statement is not accurate. the percent increase will be more than 2% c. his friend’s statement is not accurate. the percent increase will be less than 2% d. his friend’s statement is not accurate. the average hourly earnings will decrease
Answers: 3
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Your client has saved $1,860 for a down payment on a house. a government loan program requires a down payment equal to 3% of the loan amount. what is the largest loan amount that your client could receive with this program
Answers: 3
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