Richard invested $ 4,500.00 in a bank that pays simple interest of 4% a. M., for 10 months. How much will John earn in interest and Amount, respectively?​

Respuesta :

hi brainly user! ૮₍ ˃ ⤙ ˂ ₎ა

⊱┈────────────────────────┈⊰

[tex]\large \bold {ANSWER}[/tex]

[tex]\large \boxed { \large \sf \green{ Interest: 1,800 \: }}[/tex]

[tex]\large \boxed { \large \sf \green{ \: Amount: 6,300\: \: }}[/tex]

[tex]\large \bold {SOLUTION}[/tex]

We need to know what 4% of 4,500 is. For this we will use simple rule of 3.

[tex]\dfrac{4.500}{x} \large \text{$\searrow\!\!\!\!\!\!\nearrow\!\!\!\!\!$}\normalsize= \dfrac{100}{4}[/tex]

[tex]\begin{gathered}100x = 4.500*4 \\ 100x = 18.000 \: \: \: \: \\ x = \frac{18.000}{100} = 180\end{gathered}[/tex]

Now that we know what 4% of 4,500 is. We need to multiply it by the number of months the money will be invested.

[tex]180 \times 10 = 1800[/tex]

1800 is interest. Now we need to add to the amount applied, so we will have the amount.

[tex]4.500 + 1.800 = 6.300[/tex]

Hence, The interst is 1800 and the amount is 6,300.