1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
devlian [24]
3 years ago
11

Li deposited $17,500 into a bank account that earned simple interest each year. After 2 years, he had earned $2975 in interest.

Mathematics
1 answer:
Licemer1 [7]3 years ago
4 0
R = 8.5%/year

Equation:
r = (1/t)(A/P - 1)
Calculation:
Solving our equation
r = (1/2)((20475/17500) - 1) = 0.085
r = 0.085
converting r decimal to a percentage
R = 0.085 * 100 = 8.5%/year

The interest rate required to get
a total amount, principal plus interest, of $ 20,475.00
from simple interest on a principal of $ 17,500.00
over 2 years is 8.5% per year.
You might be interested in
PLEASE HELP ME I NEED HELP
GarryVolchara [31]

Answer:

13 is c

Step-by-step explanation:

to find the  length of a diagonal, pretend as if you are finding the hypotenuse of a triangle.

5^2 + 12^2 = c^2

25 + 144 = 169

the square root of 169 is 13

5 0
3 years ago
1.<br> Find the tangent of 40° .
iris [78.8K]

Answer:

0.8390996312 or .84

Step-by-step explanation:

6 0
3 years ago
The roots of Billy's plant grew to 3 inches beneath the Earth’s surface. Graph all the possible depths the roots can continue to
babymother [125]

Answer:

Step-by-step explanation:relax and claculate in ur mine

7 0
3 years ago
What is 150 divided by 625 step by step
Levart [38]

Answer:

150 dived by 625 is 0.24 I'm not sure how to explain it

6 0
3 years ago
Faris's gas tank is 1/10 full. After he buys 24 liters of gas, it is 2/5 full. How many liters can Faris's tank hold?
Arisa [49]

Answer:

80 liters

Step-by-step explanation:

24 liters is the difference between 2/5 full and 1/5 full.

Let x = number of liters in full tank.

2/5 x - 1/10 x = 24

4/10 x - 1/10 x = 24

3/10 x = 24

1/10 x = 8

x = 80

Answer: 80 liters

5 0
2 years ago
Other questions:
  • A conical water tank with vertex down has a radius of 10 feet at the top and is 20 feet high. If water flows into the tank at a
    13·1 answer
  • Let A and B be bounded subsets of R. (a) Why does sup(AUB) exist? (b) Prove that sup(AUB) = max
    10·1 answer
  • points given to anyone even if you dont have right answer.(:your welcome.but still try to answer it Lol​
    5·1 answer
  • Bill Bob has 2 candy but Jonny to 1 alawy. how much candy does bill Bob have left?​
    6·2 answers
  • A circular reception tent has a center pole 25 feet high, and the poles along the outside are 10 feet high. Assume that the dist
    8·1 answer
  • The answer below thanks
    15·1 answer
  • How much simple interest would be earned on a certificate of deposit worth
    15·1 answer
  • One number is 4 less than a second number. Twice the second number is 13 less than 5 times the first. Find the two numbers.
    6·1 answer
  • May I have some help please.
    11·1 answer
  • Write an inequality for each sentence. Then solve the inequality.
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!