If the simple interest on $7000 for 10 years is $6300, then what is the interest rate? I will pick branliest answer with the
most thorough explanation. Please help. If you do, thanks for helping! Use the picture below for question.
1 answer:
Answer:
0.09
Step-by-step explanation:
So if you use the Simple interest equation it will begin with:
Interest total = Initial Amount of money x Interest rate per year x Years money is invested for.
Then substitute the values you have been given so:
$6300 = 7000 x Interest rate per year x 10.
This is simplifies to 6300 = 70,000 x Annual Interest rate
You can rearrange this to find the annual interest rate by dividing by 70,000:
Simplifying this would be: = Interest rate.
The interest rate is 0.09.
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Answer:
Option B - 9 hours
Step-by-step explanation:
Given : Three machines operating independently, simultaneously, and at the same constant rate can fill a certain production order in 36 hours. If one additional machine were used under the same operating conditions.
To find : In how many fewer hours of simultaneous operation could the production order be filled?
Solution :
Let the numbers of hours taken including additional machine i.e. 4 machines be 'x' hours.
So, 3 machines take 36 hours
and 4 machines take x hours.
Then,
i.e. 4 machines spend 27 hours to do work.
Number of fewer hours of simultaneous operation could the production order be filled is given by,
hours
Therefore, the work could be done in 9 hours less.
So, the correct answer is B.