Answer:
The percentage rate is 4.5%.
Step-by-step explanation:
The given formula for simple interest is I=prt where I=simple interest, p=principle, r = percentage rate and t=time. In the problem, we are told that after six years (t=6), $7000 (p=7000) earns $1890 (I=1890). We can then substitute in the values for three of our variable to get the following: 1890 = (7000)(6)r. Multiplying 7000x6 = 42000 giving us 1890 = 42000r. Using inverse operations, we divide both sides of the equation by 42000 to get 0.045 = r. Since r = percentage rate, we need to multiply our decimal by 100 to find the percentage. 0.045 x 100 = 4.5%.
21.4666 hope this helps! ❤️
Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above and solve for P
56 is you answer you need.
Questions:
(a) What is a simplified expression for (x + y) – (x – y)?
(b) Carlotta thinks that
is the same as
. Which statement shows that it is NOT the same?
Answer:


Step-by-step explanation:
Solving (a):
Given

Required
Simplify

Open brackets

Collect Like Terms



Solving (b):
Given
and 
Required
Which expression shows they are not the same
The expression that shows this is:

Take for instance; y=2
Substitute 2 for y in 

Evaluate all exponents



The above expression supports 