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suter [353]
2 years ago
15

Suppose you pay back $575 on a $525 loan you had for 75 days. What was your simple annual interest rate? State your result to th

e nearest hundredth of a percent.
Mathematics
1 answer:
KengaRu [80]2 years ago
7 0

The <em>simple annual interest</em> rate for the $ 525 loan is equal to 46.35 %.

<h3>What is the interest rate behind a pay back?</h3>

In this situation we assume that the loan does not accumulate interests continuously in time. Hence, the <em>interest</em> rate for paying the loan back 75 days later is:

575 = 525 · (1 + r/100)

50 = 525 · r /100

5000 = 525 · r

r = 9.524

The loan has an <em>interest</em> rate of 9.524 % for 75 days. <em>Simple annual interest</em> rate is determine by rule of three:

r' = 9.524 × 365/75

r' = 46.350

The <em>simple annual interest</em> rate for the $ 525 loan is equal to 46.35 %.

To learn more on interests: brainly.com/question/26457073

#SPJ1

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Answer:

The rate rate of change of radius is \frac{1}{48\pi} inches per second when the diameter is 12 inches.

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Step-by-step explanation:

Consider the provided information.

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Differentiate the above formula with respect to time.

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Substitute the respective values in the above formula,

3=4\pi 6^2\frac{dr}{dt}

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When d=16

3=4\pi 8^2\frac{dr}{dt}

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Thus, the radius is changing more rapidly when the diameter is 12 inches.

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Parallel lines have the same slope, so the line's slope will be -1.

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Then, plug this and the slope into y = mx + b

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Then, put this into standard form by moving the x to the other side:

x + y = 14 is the equation in standard form

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