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Alex73 [517]
1 year ago
10

What is the simple interest of a note that has a face value of $12,000, a rate of 8%, and a term of 1 year?

Mathematics
1 answer:
Tju [1.3M]1 year ago
8 0

Solution:

Given:

\begin{gathered} P=\text{ \$}12,000 \\ R=8\text{ \%} \\ T=1year \end{gathered}

Using the simple interest formula,

\begin{gathered} I=\frac{PTR}{100} \\ I=\frac{12000\times1\times8}{100} \\ I=\text{ \$}960 \end{gathered}

Therefore, the simple interest is $960.

You might be interested in
Mariana solved the equation below. Identify her ERROR and EXPLAIN what she did wrong. -3(2x-4)=-12 -6x-12=-12 -6x=0 x=0
nydimaria [60]

Answer:

Her error was multiplying -3 and -4 which gives +12 but she wrote -12 instead

Step-by-step explanation:

Mariana workings:

-3(2x - 4) = -12

-6x - 12 = -12

Her error was multiplying -3 and -4 which gives +12 but she wrote -12 instead

-6x = 0

x=0

Correct workings:

-3(2x - 4) = -12

-6x + 12 = - 12

-6x = -12 - 12

-6x = -24

x = -24/-6

x = 4

8 0
3 years ago
Please help me out here ASAP. Thanks!
GuDViN [60]
   y - y₁ = m(x - x₁)
y - (-1) = 4[x - (-3)]
   y + 1 = 4(x + 3)
   y + 1 = 4(x) + 4(3)
   y + 1 = 4x + 12
       - 1           - 1
         y = 4x + 11

The answer is B.
4 0
3 years ago
Twenty three less than 4 times a number is twenty one. what is the number
nikklg [1K]

4x-23=21

   +23=+23

4x=44

divide both by 4

x=11

6 0
3 years ago
Read 2 more answers
50 Points:
kodGreya [7K]

Answer:

(-2,3)

Step-by-step explanation:

For the point to be 2/3 of the way; it means it divides AB into the ratio 2 to 1

Now, we can use the internal section formula to get the coordinates of this point

(x,y) = (nx1 + mx2)/(m + n), (ny1 + my2)/(m + n)

where (m,n) = (2,1)

(x1,y1) = (-4,-1)

(x2,y2) = (5,5)

(x,y) = (1(-4) + 2(-1)/(1+2), (1(-1)+2(5)/(1+2)

(x,y) = (-4-2)/3, (-1 + 10)/3

(x,y) = (-2,3)

4 0
3 years ago
A research scientist wants to know how many times per hour a certain strand of bacteria reproduces. The mean is found to be 9.8
svetlana [45]

Answer:

The 99% confidence interval for the true mean number of reproductions per hour for the bacteria is between 9.6 and 10.

Step-by-step explanation:

We have that to find our \alpha level, that is the subtraction of 1 by the confidence interval divided by 2. So:

\alpha = \frac{1-0.99}{2} = 0.005

Now, we have to find z in the Ztable as such z has a pvalue of 1-\alpha.

So it is z with a pvalue of 1-0.005 = 0.995, so z = 2.575

Now, find the margin of error M as such

M = z*\frac{\sigma}{\sqrt{n}}

In which \sigma is the standard deviation of the population and n is the size of the sample.

M = 2.575\frac{2.4}{\sqrt{955}} = 0.2

The lower end of the interval is the sample mean subtracted by M. So it is 9.8 - 0.2 = 9.6 reproductions per hour.

The upper end of the interval is the sample mean added to M. So it is 9.8 + 0.2 = 10 reproductions per hour.

The 99% confidence interval for the true mean number of reproductions per hour for the bacteria is between 9.6 and 10.

8 0
3 years ago
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