1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kap26 [50]
3 years ago
11

Kaylee obtains a loan with simple interest to buy a car that costs $8,500. If Kaylee pays $1,020 in interest during the four yea

r term of the loan, what was the rate of simple interest
Mathematics
2 answers:
olasank [31]3 years ago
7 0

Answer: 3 percent

Step-by-step explanation:

andreev551 [17]3 years ago
5 0
<span>The simple interest formula is:

A = P · (1 + r · t)
where:
A = total amount
P = principal
r = rate
t = time 

Let's solve for r:
A = P + P · r · t
P · r · t = A - P

r = (A - P) / (P · t)

The quantity A - P is defined as the Interest, therefore:
r = I / (P <span>· t)
  = 1020 / (8500 </span>· 4)
  = 0.03

Therefore the rate was 3%.


</span>
You might be interested in
{(0, 2), (3, 3), (8, 7), (2, 2), (3,9) }
k0ka [10]

<em>Hey</em><em>!</em><em>!</em><em>!</em>

<em>Here's</em><em> </em><em>your</em><em> </em><em>answer</em><em>:</em>

<h3><em><u>Domain</u></em><em><u>:</u></em><em><u>{</u></em><em><u>(</u></em><em>0</em><em>,</em><em>2</em><em>,</em><em>3</em><em>,</em><em>8</em><em>)</em><em>}</em></h3><h3><em>Range</em><em>:</em><em>{</em><em>(</em><em>2</em><em>,</em><em>3</em><em>,</em><em>7</em><em>,</em><em>9</em><em>)</em><em>}</em></h3>

<em>Hope</em><em> </em><em>it</em><em> </em><em>will</em><em> </em><em>help</em><em> </em><em>u</em><em>. </em><em> </em><em> </em><em> </em><em> </em>

<h3><em>have</em><em> </em><em>a</em><em> </em><em>great</em><em> </em><em>day</em><em> </em><em>.</em><em>.</em><em>.</em><em>.</em><em>.</em></h3>
5 0
3 years ago
Turn 2 2/5 into a percent
Naddika [18.5K]
2/5 = 0.4
2.4 x 100 = 240%
6 0
2 years ago
V+9<br> ------- =8 how do you do this and whhats the answer<br><br> 3
Kamila [148]
V or x is something so if you add 9 to get 8 then you must subtract 9 from 8 to get -1 which would be your answer

7 0
2 years ago
Read 2 more answers
The back of Monique's property is a creek. Monique would like to enclose a rectangular area, using the creek as one side and fen
kondor19780726 [428]
So long as the perimeters are the same, rectangles and squares share the same area. For example, a square that is 2m by 2m across is 4m squared. A rectangle of 4m by 1m across is still 4m squared.

Therefore all we want to do here is see how big we can make our “square” perimeter using the creek. We have three sides to spread 580ft across, therefore if we divide this by 3, we get 193.3ft of fencing per side. If we then square this figure, we will then get the maximum possible area, which comes to 37,377ft squared. (That’s a huge garden).
3 0
3 years ago
Read 2 more answers
Place 1/5 on the number line below .
Georgia [21]
Right next to the zero van I heht brainleist please

3 0
3 years ago
Other questions:
  • What is the measure of Angle 1 in this figure? <br>A. 30°<br>B. 80°<br>C. 110°<br>D. 130°​
    5·2 answers
  • How do I write 684297 in word form?
    11·1 answer
  • What is the product of 3.6•10^9 and 7.35•10^5?
    15·1 answer
  • To solve the equation −x − 3 = x2 − 2x− 15, you could graph of the following system. y = −x − 3 y = x2 − 2x − 15 Use the graph o
    10·2 answers
  • Un tanque de almacenamiento de agua instalado en una comunidad tiene forma de prisma rectangular y una capacidad de 8 000 litros
    10·1 answer
  • A company packs 36 boxes in each case to ship to stores. You have been assigned the task to determine the least amount of volume
    6·1 answer
  • Can you please help me with number 1 please thank you
    13·2 answers
  • 5x + 3y = -3 <br><br> 2X - 3y = 24
    8·2 answers
  • Solve the equation for x<br> −6x+2=8
    14·2 answers
  • What is 4938 divided by 384736.3
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!