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3 years ago

Please be quick, I need this really soon!

Mathematics

1 answer:

Elena-2011 [213]3 years ago

8 0

Let's solve this problem step-by-step.

STEP-BY-STEP SOLUTION:

Let's first establish the simple interest formula which we will require to solve this problem as displayed below:

Simple Interest = Principal × Rate of Interest × No. of Time Periods

I = PRN

Now let's substitute the values from the problem into this formula and solve as displayed below:

I = $15

P = $150

R = ?

N = 2 years

I = PRN

15 = 150 × R / 100 × 2

R / 100 = 15 / ( 150 × 2 )

R / 100 = 15 / 300

R = 5 / 100 × 100

R = 5%

ANSWER:

The simple annual interest rate for the loan is 5%. Therefore, the answer is:

B ) 5.0%

Please mark as brainliest if you found this helpful! :)
Thank you <3

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Hello!

Lynne invested 35,000 into an account earning 4% annual interest compounded quarterly she makes no other deposits into the account and does not withdraw any money. What is the balance of Lynne's account in 5years

Data:

P = 35000

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I Hope this helps, greetings ... Dexteright02! =)

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Question is incomplete, here is the complete question below:

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Use the drop-down menus to complete the statements about whether each student's answer is an equivalent expression. Then choose an expression that is equivalent.

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Greg's expression is (correct/incorrect) because ............

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Ruben's expression is (correct/incorrect) because .

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Step-by-step explanation:

Calvin: 7−2(4x+11)

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