Suppose you deposit $1,348 at an interest rate of 2.5% per year for 18 months. find the simple interest. then find the total of principal plus interest a. $5,055; $6,403 b. $50.55; $1,398.55 c. $606.60; $1,954.60 d. $505.50; $1,853.50

Let us sort out your given first:

Principal or P = $1,348.00
Rate = 2.5% 
t = 18 months

To solve for the simple interest, you use the formula

I = Prt
Where: P = Principal
             r  = is the rate in decimal form
             t  = time in years
Because you have the rate in percentage and time in months, first we need to convert:

Rate in decimal form is simple, just divide the value in percentage by 100 so then you will have 0.025 as your rate.

Time in years will be 18 months divided by 12 months = 1.5 years.

Now that you have converted them, you can then solve for the interest by inputting the data you now know.

I = Prt
  = $1348.00 x 0.025 x 1.5
  =  $50.55

Now that you have the simple interest, you can easily find the total of the principal plus interest by adding them together:

P+I

$1,348 + $50.55 = $1398.55 

So your answer is B. 

 

Answer

1 number

explanation

if we use a graphing calculator, there is only one such number that satisfies the conclusion of the mean value theorem, that is, a number such that

 

where the right-hand side is the average rate of change of f on the interval [0.5,0.75], which is the slope of the secant line.

in the attached graph, the black line is the secant line which has its slope as the average rate of change of f on [0.5,0.75], while the orange line is the only tangent line to the graph of f in the interval that satisfies the mvt conclusion.