Answer:
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
P represents the principal or initial amount invested or collected as a loan.
R represents interest rate.
T represents the duration of time in years before the loan is bald back.
From the information given,
P = 1290
I = 5.75
Since there are 365 days in a year,
t = 65/365 = 0.1781 years
Therefore,
5.75 = (1290 × r × 0.1781)/100
5.75 = 229.749r/100 = 2.29749r
r = 5.75/2.29749
r = 2.5027
Rounding to the nearest percent,
r = 3%
Answer:
26.87877
Step-by-step explanation:
Answer:
20%
Step-by-step explanation:
11/50=1.1/5=0.22
They are indeed equivalent.
Sid and Libby are planning to sell pies at a local fair.
=> $200 to rent a table at the fair.<span>
=> $3.00 per pie </span>costs for ingredients, other supplies, baking, and packaging<span>
They plan to sell the pies for $8 each.
Let's find out how many pies will they be selling inorder to gain profit
=> 200 + 3.00(n) = 8(n), where n is the number of pie.
Let's try 40
=> 200 + 3(40) = 8 (40)
=> 320 = 320
</span>=> 200 + 3(41) = 8 (41)
=> 323 = 328
<span>Thus, in their 41st pie, they will get a profit
</span>