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Paul [167]
3 years ago
11

You invested $1500 in a bank account for five years I received $150 in interest. What was the annual simple interest rate for th

e account?
Mathematics
1 answer:
DaniilM [7]3 years ago
4 0
If you have 1500 in a bank account for 5 years earning 150 in interest, you first need to figure out your yearly earnings. 150 divided by 5 is 30. That is what you're earning in interest per year. So now you figure out what each percent of interest would earn. 1500 divided by 100 is 15. 15 is equal to 1%. So now that you know what each percentage of interest would earn, you can take your yearly interest and divide by your percent. 30 divided by 15 is 2. 2 percent is your annual interest rate.

150/5(years)=30   1500/100=15(per percent)    30/15=2

2 percent is your annual interest rate
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How do I solve -2x > 6
vodomira [7]
I’m not the best with words but first you would have to treat the greater sign as a = sign. So..
-2x =6
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X = -3
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7 0
3 years ago
Harry buys a TV priced at £1200 plus 20% VAT.
RoseWind [281]

Answer:

£ 114

Step-by-step explanation:

From the question given above, the following data were obtained:

Price of TV = £ 1200

VAT = 20%

Amount paid = £ 300

Amount paid monthly =.?

Next, we shall determine the VAT. This can be obtained as follow:

VAT = 20% of price of TV

VAT = 20/100 × 1200

VAT = £ 240

Next, we shall determine the total cost of the TV. This can be obtained as follow:

Price of TV = £ 1200

VAT = £ 240

Total cost of TV =?

Total cost = Price + VAT

Total cost = 1200 + 240

Total cost = £ 1440

Next, we shall determine the balance amount he needs to pay. This can be obtained as follow:

Total cost = £ 1440

Amount paid = £ 300

Balance amount =?

Balance = Total cost – Amount paid

Balance = 1440 – 300

Balance = £ 1140

Finally, we shall determine the amount Harry will pay month.

Balance Amount = £ 1140

Number of months = 10

Amount paid monthly =.?

Amount paid monthly = Balance / number of month

Amount paid monthly = 1140 / 10

Amount paid monthly = £ 114

Therefore, Harry will pay £ 114 monthly.

4 0
2 years ago
Can some help me with this
inn [45]

Answer:

Naw I can't help ya I gotta find my notes

4 0
3 years ago
MATH<br> MATh<br> MAtH<br> MAAAAThHhH<br> YAAA
MariettaO [177]

Answer:

6k + 19

Step-by-step explanation:

7k - k + 19

6k + 19

7 0
2 years ago
Read 2 more answers
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