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Otrada [13]
3 years ago
15

If $11000 yields $1100 over 5 years, what is the interest rate?

Mathematics
1 answer:
Law Incorporation [45]3 years ago
7 0

Answer:

1.92449%

Step-by-step explanation:

Simple Interest Rate Formula: A = P(1 + r)ⁿ

Step 1: Define variables

Principle amount <em>P</em> = 11000

Total amount <em>A</em> = 11000 + 1100 = 12100

Years <em>n</em> = 5

Step 2: Substitute and Evaluate for <em>r</em>

12100 = 11000(1 + r)⁵

11/10 = (1 + r)⁵

1.01924 = 1 + r

r = 0.019245

Step 3: Convert to percentage

0.019245 × 100 = 1.92449%

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il63 [147K]

Answer:

Excluding the shipping fee -

23 - 4 = 19

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19/5

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3 years ago
What is the answer of this: -16 +8. 23+(-7)
kakasveta [241]
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In the morning, Marco sold 12 cups of lemonade for $3. By the end of the day, he had earned $9. How many cups of lemonade did he
MA_775_DIABLO [31]

Answer:

Marco earned $2.25.

Step-by-step explanation:

1. If Marco sold 12 cups of lemonade for 3$, we would divide 12 cups and how much he earned from the 12 cups (3$). 12/3 = 4

2. By the end of the day, Marco earned $9. So, 4 cups = 1$. To break it down, 1$ = 100 cents and 100 cents divided by 4 is 25 cents.  Cups to Cost. ( 4 : 1 ) and/or ( 1 : 0.25 )

3. 8 cups = 2$ plus 1 cup (0.25) = 2.25.

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7 0
3 years ago
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5 0
4 years ago
For the arithmetic sequence beginning with the terms {-2, 0, 2, 4, 6, 8...}, what is the sum of the first 18 terms?
Delicious77 [7]

Answer:

The sum of the first 18 terms is 270.

Step-by-step explanation:

First the 18th term is calculated which is gotten using the following steps below:

an = a1 + d ( n - 1 )

Where, an =18th term

a1= first term (-2)

d = difference

n = 18

Therefore, 18th term

an= -2 + 2 (18 - 1)

= -2 + 2 (17)

= -2 + 34

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To calculate the sum of the first 18th terms the following steps are used,

Sn = n(a1 + an)/2

Where,

Sn = sum of 18th term

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Sn = 18 (- 2+ 32)/2

= 18 (30)/2

= 18 ×30 /2

= 540/2

= 270

6 0
3 years ago
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