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erma4kov [3.2K]
2 years ago
6

If $500 yields $43.49 in simple interest over 7 years, what is the annual rate?

Mathematics
1 answer:
Annette [7]2 years ago
8 0

Answer:

1.24 %

Step-by-step explanation:

500 * x  * 7  = 43.49

x = 43.49/(7*500) = .0124     1.24 %

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If you were to place $5,000 in a savings account that pays 6% interest compounded continuously, how much money will you have aft
ANTONII [103]

Answer: D

Step-by-step explanation: Use money chip calculator

5 0
3 years ago
Tom and Jimmy plan to leave at the same time from home and
raketka [301]

To find the distance between the homes of Tom and Jimmy, it is assumed

that the distances from their home to the café are equal.

  • The distance between Tom and Jimmy's home is \underline{1,617.\overline 7 \ meters}<u />

Reasons:

The direction in which Tom and Jimmy walks = Towards each other

The speed at which Tom walks = 52 meters per minute

The speed with which Jimmy walks = 70 meters per minute

The time at which Tom leaves = 4 minutes earlier than Jimmy

The point at which they meet = The café

The rate of their speed = Constant

Required:

The distance between Tom and Jimmy home.

Solution:

Tom and Jimmy had a plan to walk at the same speed and meet up at the café.

We have;

The café is equal distance from Tom and Jimmy's houses.

Which gives the following simultaneous equation.

52 × (4 + t) = The distance of Tom's house from the café

70 × t = The distance of Jimmy's  house from the café

  • 52 × (4 + t) = 70 × t

52 × 4 = 70 × t - 52 × t = 18 × t

\displaystyle t = \frac{52 \times 4}{18}  = \frac{104}{9} = 11.\overline{6}

The time it take Jimmy to reach the café, <em>t</em> = \mathbf{11.\overline6} minutes

The distance between their homes, d = 52 × (4 + t) + 70 × t

∴ d = 52 × (4 + 11.\overline6) + 70 × 11.\overline6 = 1,617.\mathbf{\overline 7}

  • The distance between Tom and Jimmy's home = 1,617.\overline 7 meters

Learn more about simultaneous equations here:

brainly.com/question/12413726

6 0
2 years ago
Matt wants the bookcase to have 3 shelves he wants each shelf to be 2 feet high how many feet high will the bookcase be
ch4aika [34]
3 x 2 = 6 The bookcase will be 6 feet high
4 0
3 years ago
HELP THIS IS DUE SOON
leva [86]

Answer:

function : 2 and 3

Step-by-step explanation:

a function cant have any overlapping points on the x axis, if you can draw a line up and down (vertical) and it hits two points then it isn’t a function

5 0
2 years ago
Read 2 more answers
Nelly owns farm land that has an area of 4.2 × 102 acres. Each year, the farm produces 6.72 × 104 bushels of corn. What is the a
juin [17]

The average amount of corn produced per acre represented in scientific notation can be found using the below formula:

The \;average\; amount\; of\; corn\; per\; acre=\frac{Bushels \; of\; corn\; produced\; in\; farm}{Area\; of\; farm\; in\; acres}

We are given:

Area \; of\; FARM\; land= 4.2 \times 10^2 \; acres\\ \\ Amount \; of\; corn\; produced=6.72\;  \times \; 10^4 \; bushels

Substituting the above information in the formula, we get...

The \; Average\; amount\; of\; corn=\frac{6.72 \times 10^4}{4.2 \times 10^2} \\ \\ \frac{6.72}{4.2} \times \frac{10^4}{10^2}\; =\;   1.6 \times 10^{4-2}\; =\; 1.6 \times 10^2\\ \\

Conclusion:

The \; Average \; amount\; of \; corn \; is\; 1.6 \times 10^2 \; Bushes\; per\; corn

The average amount of corn produced per acre represented in scientific notation is option B)1.6 \times 10^2bushels per acre

5 0
3 years ago
Read 2 more answers
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