# Math

Imagine you have invested \$500 in an account that pays 5% simple interest per year. Can you find an arithmetic sequence to look for the amount of money in the account after 20 years?

1. 👍 0
2. 👎 0
3. 👁 74
1. since it is simple interest, the annual increase in the account would be .05(500) or \$25

so in an A.S.
a = 500
d = 25
n = 20

term(20) = a+19d = 500 + 19(25) = 975

1. 👍 0
2. 👎 0
posted by Reiny

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More Similar Questions
The text passage contains a mathematical question related to simple interest and arithmetic sequences. The question asks how to find an arithmetic sequence to determine the amount of money in an account after 20 years, given an initial investment of \$500 and an annual simple interest rate of 5%.

The answer to the question is provided in the text, showing the steps to calculate the 20th term of the arithmetic sequence, which represents the amount of money in the account after 20 years.
single_question_with_answer
Given a text passage, determine:
    1. If it contains a mathematical question (including word problems or calculations)
    2. If an answer to that mathematical question is provided in the text

First, describe the content structure you found in 1-2 sentences.

Then provide your analysis in the following format:
TYPE: <one of the following values>
- NO_QUESTION
- SINGLE_QUESTION
- SINGLE_QUESTION_WITH_ANSWER
- MULTIPLE_QUESTIONS
- MULTIPLE_QUESTIONS_WITH_ANSWERS
system
# Math

Imagine you have invested \$500 in an account that pays 5% simple interest per year. Can you find an arithmetic sequence to look for the amount of money in the account after 20 years?

1. 👍 0
2. 👎 0
3. 👁 74
1. since it is simple interest, the annual increase in the account would be .05(500) or \$25

so in an A.S.
a = 500
d = 25
n = 20

term(20) = a+19d = 500 + 19(25) = 975

1. 👍 0
2. 👎 0
posted by Reiny

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Suppose \$6,500 is divided into two bank accounts. One account pays 10% simple interest per year and the other pays 4.6%. After two years there is a total of \$1000 in interest between the two accounts. How much was invested into

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2. ### math

Suppose \$500 is divided into two bank accounts. One account pays 15% simple interest per year and the other pays 10%. After three years there is a total of \$200 in interest between the two accounts. How much was invested into the

asked by Anonymous on June 20, 2012
3. ### algebra

Solve the problem. Helen Weller invested \$15,000 in an account that pays 12% simple interest. How much additional money must be invested in an account that pays 15% simple interest so that the total interest is equal to the

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More Similar Questions
user
The text passage contains a mathematical question related to simple interest and arithmetic sequences. The question asks how to find an arithmetic sequence to determine the amount of money in an account after 20 years, given an initial investment of \$500 and an annual simple interest rate of 5%.

The answer to the question is provided in the text, showing the steps to calculate the 20th term of the arithmetic sequence, which represents the amount of money in the account after 20 years.

TYPE: SINGLE_QUESTION_WITH_ANSWER