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PtichkaEL [24]
2 years ago
13

Ms. drake invests $1000 at a simple interest rate of 8.5% for 2 years. how much interest will she earn in this time?

Mathematics
1 answer:
PilotLPTM [1.2K]2 years ago
7 0

Ms. Drake will earn \$ 170 in this time from the investment of \$ 1000 at a simple interest with rate of interest 8.5\%

<h3>What is the definition of simple interest?</h3>

Simple interest is a way to figure out how much interest will be charged on a sum of money at a specific rate and for a specific duration of time. Conversely, for compound interest, where we add the interest of one year's principal to the next year's principal to compute interest, the principal amount under simple interest remains constant.

Formula for finding simple interest is \frac{principal \times rate \ of \ interest \times time}{100}

Given principal of Ms. Drake is \$1000

Rate of interest is 8.5 \%

Time is 2 years.

Interest =\frac{1000 \times 8.5 \times 2}{100}

            =\frac{17000}{100}\\=170

Therefore, Ms. Drake will earn \$ 170 in this time.

To learn more about simple interest from the given link

brainly.com/question/7639734

#SPJ4

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Answer:

$90 ÷ $2.50 = 36

Massimo rode the bus 36 times.


Please mark brainliest. Have a great day!

5 0
3 years ago
Please help!!<br>show work!!<br>please!!
Advocard [28]
\frac{1}{1} *  \frac{1}{3} would work. 
4 0
3 years ago
In a certain town, 22% of voters favor a given ballot measure. for groups of 21 voters, find the variance for the number who fav
Galina-37 [17]
<span>c. 4.6
       
21 X .22= 4.6
       
Calculating the variance requires finding the product of 21 and 22%. To make this easier we convert 22% into it's decimal form and construct the equation. To back check this answer we can use 10% of 21 voters which equals 2.1% then double that amount to reach 4.2%, knowing that we now have a close approximation of the variance we can eliminate answers a, b, and d, leaving c as the only logical choice.</span>
5 0
3 years ago
1/4 divided by 2/3 show work pls
NARA [144]
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5 0
3 years ago
Population a current census shows that the population of a city is 3.5 million using the formula p= aert find the expected popul
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Answer: the expected population of the city in 30 years is 5470781

Step-by-step explanation:

The population growth is exponential. The growth rate is exponential. We would apply the formula for exponential growth which is expressed as

A = P(1 + r)^t

Where

A represents the population after t years.

t represents the number of years.

P represents the initial population.

r represents rate of growth.

From the information given,

P = 3.5 × 10^6

r = 1.5% = 1.5/100 = 0.015

t = 30 years

Therefore,

A = 3.5 × 10^6(1 + 0.015)^30

A = 3.5 × 10^6(1.015)^30

A = 5470781

6 0
3 years ago
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