Enrique’s parents want to save for his education. On his 12th birthday, they deposit $6,000 in a savings account that pays 5% simple annual interest. What will the balance be when he turns 18?

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Enrique’s parents want to save for his education. On his 12th birthday, they deposit $6,000 in a savings account that pays 5% simple annual interest. What will the balance be when he turns 18?

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Asked 7/18/2012 9:25:22 AM

Updated 7/18/2012 12:00:31 PM

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User: Enrique’s parents want to save for his education. On his 12th birthday, they deposit $6,000 in a savings account that pays 5% simple annual interest. What will the balance be when he turns 18?

Weegy: $3000
Expert answered|aiatok|Points 222|

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Question

Asked 7/18/2012 9:25:22 AM

Updated 7/18/2012 12:00:31 PM

1 Answer/Comment

This conversation has been flagged as incorrect.

Flagged by debnjerry

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8

I=Prt
I=6000*.05*6
I=1800

The interest of $1,800 added to the initial investment (Principal) of $6,000 equals $7,800. The balance when he turns 18 will be $7,800.

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Added 7/18/2012 12:00:31 PM

This answer has been confirmed as correct and helpful.

Confirmed by andrewpallarca [3/23/2014 7:54:03 AM]

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during january there were about 2000 cases of flu reportedin a city, during febuary there were about 1200 new cases of flu reported, if p represents the percentage decrease in the number of people in the city who got flu in febuary compared to the number in january , what is p?

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Asked 7/17/2012 2:19:18 PM

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while on a train trip, marsha noticed that there were 35 people in her train car. after the next stop. there were only 21 people in her train car. if p represents the percentage decrease in the number of people in marasha's train car. what is p?

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Expert Answered

Updated 5/27/2025 8:45:11 AM

1 Answer/Comment

Original = 35
New = 21
Decrease = 35 21 = 14
Percentage decrease p = (14 ÷ 35) × 100
p = 0.4 × 100 = 40
Answer: 40%

Added 5/27/2025 8:45:11 AM

This answer has been confirmed as correct and helpful.

david needs to travel 111 kilometers. driving at a constant rate. he expects the trip to take 3 hours. at what constant rate does david expect to drive?

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Updated 5/27/2025 8:46:11 AM

1 Answer/Comment

Distance = 111 km
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Rate = Distance ÷ Time
Rate = 111 ÷ 3
Rate = 37 km/h
Answer: 37 km/h

Added 5/27/2025 8:46:11 AM

This answer has been confirmed as correct and helpful.

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last year, floor mates cost $35.00. this year floor mats cost $30.00 by approximately what percentage did the floor mat change?

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