Jess borrows $250 from the bank. The bank charges 11% simple interest over 2 years. How much will Jess owe the bank at the end of 2 years? $27.50 $55.00 $277.50 $305.00

$305.00

Step-by-step explanation:

Use the formula I = prt, where I is the interest money created, p is the starting amount of money, r is the interest rate as a decimal, and t is time.

I = prt

I = 250(0.11)(2)

I = 55

Add 55 to the amount he borrowed:

250 + 55

= $305.00

Step-by-step explanation:

We can use the simple interest formula to calculate for the interest.

Calculating the interest over the two years:

Adding the interest to the principal amount:

Jess will owe the bank $305.00 at the end of the 2 years.

step-by-step explanation:

the original amount doesn't ''re just looking for the time it takes for 1/2 of the substance to we have

(1/2) =)     take the ln   of both sides

ln (1/2)   = )   and we can write

ln(1/2) = ) lne     and lne   = 1     so we have

ln(1/2) = -.1092t     divide both sides by -.1092

t = ln(1/2)/-.1092 = about 6.347 days = about 6.3 days (rounded)

answer: city needs 2.4 inches of rainfall more to match the record of 40 inches.

step-by-step explanation:

since we have given that

total annual rainfall a city record = 40 inches

this year, total rainfall recorded = 37.6 inches

number of inches of rainfall   is needed to match the record of 40 inches is given by

hence, city needs 2.4 inches of rainfall more to match the record of 40 inches.