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AveGali [126]
1 year ago
5

A fixed deposit receipt initiallypurchased for #1,500,000 for 4years has a maturity value of #1,300,000. What is the simple inte

rest rate per year?​
Mathematics
1 answer:
Arturiano [62]1 year ago
6 0

Answer:

11 3/13% per annum

Step-by-step explanation:

to find rate= 100×simple interest ÷ (principal ×time)

simple interest=total amount - principal

=1,500,000-1,300,000

=200,000

=200,000 ×100÷ 1,300,000×4

=3 11/13% per annum

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Tavon has a gift card for $165 that loses $4 for each 30-day period it is not used. He has another gift card for $145 that loses
sweet [91]

Answer:

Equation 1 = Equation 2

165 - 4x = 145 - 3.50x

Step-by-step explanation:

Let x represent the number of 30-day periods.

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Therefore the equation =

$165 -$4 × x

= 165 - 4x.......... Equation 1

He has another gift card for $145 that loses $3.50 for each 30-day period it is not used.

$145 -$3.50 × x

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Hence, an equation for the number of 30-day periods until the value of the gift cards will be equal is obtained by equating Equation 1 and Equation 2 together

So, we have

Equation 1 = Equation 2

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We simplify further:

165 - 145 = -3.50 + 4.0x

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x = 20/0.5

x = 40

Therefore, number of each 30-day periods until the value of the gift cards will be equal is 40

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3 years ago
Find the perimeter of a square is each side is 3/4 miles long
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