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emmainna [20.7K]
3 years ago
13

Mario borrows $4800 for 8.5 years at a fixed rate of simple interest. At the end of that time, he owes $8000. What interest rate

is he being charged?
Mathematics
2 answers:
Fofino [41]3 years ago
3 0
The unknown is the interest rate.
The givens are the principal=$4800, time=8.5 years and amount=$8000(to find the interest, subtract the principal from the amount,$8000-$4800=$3200)so interest is $3200
The formula for finding rate is R=I*100/PT where R is rate, I is interest and P is principal and T is time.the 100 is there because R is a percentage.
R=$3200*100/$4800*8.5=7.8%(rounded to nearest tenth)
Therefore the interest rate is about 7.8%



Alexxandr [17]3 years ago
3 0

Answer:

Step-by-step explanation

The unknown is the interest rate.

The givens are the principal=$4800, time=8.5 years and amount=$8000(to find the interest, subtract the principal from the amount,$8000-$4800=$3200)so interest is $3200

The formula for finding rate is R=I*100/PT where R is rate, I is interest and P is principal and T is time.the 100 is there because R is a percentage.

R=$3200*100/$4800*8.5=7.8%(rounded to nearest tenth)

Therefore the interest rate is about 7.8%

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Step-by-step explanation:

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2 years ago
The half-life of a radioactive isotope is the time it takes for a quantity of the isotope to be reduced to half its initial mass
krok68 [10]
So, 0.5^5 is 0.03125
multiply that by 125 and get your answer.
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3 years ago
The nut shack sells cashews for $6.00 per pound and Brazil nuts for $5.00 per pound. How much of each type should be used to mak
Kay [80]

Answer:

Number of pounds of cashews = x = 14.96 pounds

Number of pounds of Brazil nuts = y = 19.04 pounds

Step-by-step explanation:

Let us represent:

Number of pounds of cashews = x

Number of pounds of Brazil nuts = y

The nut shack sells cashews for $6.00 per pound and Brazil nuts for $5.00 per pound. How much of each type should be used to make a 34 pound mixture that sells for $5.44 per pound

Our system of equations is given as:

x + y = 34...... Equation 1

x = 34 - y

6x + 5y = 34 × 5.44

6x + 5y = 184.96.......Equation 2

Ww substitute : 34 - y for x in Equation 2

6(34 - y) + 5y = 184.96

204 - 6y + 5y = 184.96

Collect like terms

- 6y + 5y = 184.96 - 204

-y = -19.04

y = 19.04 pounds

Solving for x

x = 34 - y

x = 34 - 19.04

x = 14.96 pounds

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Number of pounds of Brazil nuts = y = 19.04 pounds

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