A new bank customer with $3,000 wants to open a money market account. The bank is offering a simple interest rate of 1.4%.
a. How much interest will the customer earn in 30 years?
b. What will the account balance be after 30 years?
a. The customer will earn $ in interest

SI=P*T*R/100

=3000*1.4*30/100

=$1260

Account balance=3000+1260

=$4260

Step-by-step explanation:

SI=P*T*R/100

P=3000

t=30

r=1.4%

I=PRT

=3000*1.4*30/100

=$1260

After 30 years?

interest plus current amount

Account balance=3000+1260

=$4260

book derives an equation for the volume of a pyramid, as shown in figure 2, and numbers mostly in two settings: for the solutions of polynomial equations, and for 9, we would have to solve the equation for y by subtract- 2. the point (1,. 2) is the center of the circle whose equation is x2 y2. 2x. 4y p.w.c. davies.

step-by-step explanation:

b. 6

step-by-step explanation:

we are given the table representing an exponential function.

we can see from the table that, as x is increasing, the value of y is increasing in the power of 6.

i.e. the following relation is obtained,

x = 1, y = 6

x = 2, y = 36 =

x = 3, y = 216 =

x = 4, y = 1296 =

x = 5, y = 7776 =

so, the geometric series obtained is .

thus, the common ratio is given by = = 6.

hence, the common ratio is 6.