A woman deposits 600 with 6% annual loan. If she withdraws all the money in the account after 120 days how much does she withdraw?

Answer 1

#=611.8356#

The simple interest on #600# at an annual rate of #6%# in #120#days or #120/365# years, is
#=600\times 6/100\times 120/365#
#=11.8356#
hence, total money withdrawn by woman in #120# days will be equal to the sum of principle & simple interest as follows
#600+11.8356#
#=611.8356#
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Answer 2

To calculate the amount withdrawn after 120 days, we need to use the formula for simple interest:

Interest = Principal × Rate × Time

Where:

  • Principal (P) = $600
  • Rate (R) = 6% annual interest rate = 0.06
  • Time (T) = 120 days ÷ 365 (assuming a 365-day year)

Plugging in the values:

Interest = $600 × 0.06 × (120/365)

Solve for Interest, then add it to the principal to find the total amount withdrawn.

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Answer from HIX Tutor

When evaluating a one-sided limit, you need to be careful when a quantity is approaching zero since its sign is different depending on which way it is approaching zero from. Let us look at some examples.

When evaluating a one-sided limit, you need to be careful when a quantity is approaching zero since its sign is different depending on which way it is approaching zero from. Let us look at some examples.

When evaluating a one-sided limit, you need to be careful when a quantity is approaching zero since its sign is different depending on which way it is approaching zero from. Let us look at some examples.

When evaluating a one-sided limit, you need to be careful when a quantity is approaching zero since its sign is different depending on which way it is approaching zero from. Let us look at some examples.

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