The interest on $2,000 for 2 years is $320. What is the simple interest rate?

1 answer:

7 0

R = 8%/year

Equation:
r = (1/t)(A/P - 1)
Calculation:
Solving our equation:
r = (1/2)((2320/2000) - 1) = 0.08
r = 0.08

Converting r decimal to R a percentage
R = 0.08 * 100 = 8%/year

The interest rate required to get a total amount, principal plus interest, of $2,320.00 from simple interest on a principal of $2,000.00 over 2 years is 8% per year.

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PLEASE HELP WILL GIVE BRAINLIEST Which of the following scale factors will result in an enlargement? A. k < –1 B. –1 < k &

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Answer: OPTION A.

Step-by-step explanation:

By definition, a dilation can be an enlargement or a reduction of the shape.

An enlargement is when dilation creates a larger image and a reduction is when dilation creates a smaller image.

When, the scale factor is greater than 1, the image is an enlargement and when the scale factor is between 0 and 1, the image is a reduction.

It is important to know that with a negative scale factor the enlargement will will be inverted and it will also be on the other side of the center of dilation.

Knowing this, we can say that the scale factor that will result in an enlargement is:

$k$