Math Problem Statement

Part of a table showing the amount of money in Kelsie's bank account is given below. The account pays simple interest. She deposited an amount of money at the start and hasn't added or removed any since. a) Work out how much money Kelsie deposited in the account. b) Work out the annual interest rate on this account. Give your answer as a percentage (%) to 1 d.p.

Solution

I see you've uploaded an image related to Kelsie's bank account and simple interest. Let me check it out and provide you with the answers for part (a) and (b). PIL import Image

Load and display the image to understand its contents.

img_path = '/mnt/data/1738512177165z32ji36q.jpg' img = Image.open(img_path) img.show()I've displayed the image. It appears to contain a table showing the account balances for Kelsie. To help you solve the problems, could you provide me with the details or values from the table, such as the initial deposit amount and the balance after a specific period? That way, I can proceed with the calculations for simple interest.

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Math Problem Analysis

Mathematical Concepts

Simple Interest
Percentage Calculations
Algebra

Formulas

Simple Interest Formula: I = P × r × t
Percentage Formula: r = (I / P × t) × 100

Theorems

Suitable Grade Level

Grades 6-8

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