Mathematics: Asavings account earns simple interest at a rate of 6% per year. last year the account earned $10.86 in interest. what was the balance in the account at the beginning of last year?

Asavings account earns simple interest at a rate

nevaehroyal0708

31.12.2021

In this case, you have to find out the number whose 6% is 10.86.

So, Let the number be x.

x * 6/100 = 10.86

x * 6 = 1086

x = 181.

So, the account balance at the beginning of last year was $181.

Did you understand?

0,0(0 оценок)

alex6496

18.05.2022

$\frac{2}{6} \times 250 \\ = 83.3\%$

0,0(0 оценок)