All categories

3 years ago

How much will the interest be for a $500 loan at 6% interest for one year

Mathematics

2 answers:

charle [14.2K]3 years ago

4 0

Answer:

300 dollars of interest

Step-by-step explanation:

5000 (0.06)

300

sergij07 [2.7K]3 years ago

4 0

Answer:

$30

Step-by-step explanation:

You are being asked to figure out simple interest, I think.

Givens

i = ?
P = 500
r = 6%
t = 1 year

Formula

i = P*r*t

Solution

i = 500*6%*1
6% = 6/100 = 0.06
i = 500 * 0.06 * 1
i = 30

Edit

You want this to be done using a % proportion. Is that correct from what I read in the comments after the question (which I didn't see -- sorry).

6/100 = x/500 That's the proportion. Cross multiply
6 * 500 = 100*x Multiply the numbers on the left
3000 = 100 x Divide both sides by 100
3000/100 = 100x/100 Do the division
30 = x

So it comes to the same thing.

You might be interested in

Nik, a social worker for a county, helps county residents who are struggling with different issues. Nik logs the following hours

True [87]

Answer:

Step-by-step explanation:

The question is:

What percent of time did Nik spend with clients on Thursday?

a. 10%

b. 70%

c. 30 %

d. 80%

Solution:

c means client meetings and o means other work.

The hours are shown in the table.

We want % of time on Thursday that he spent on clients.

In Thursday:

7c and 3o

Means 7 hours with clients and 3 hours with office work.

Total time spent = 7 + 3 = 10 hours

Client time spent = 7 hours

% time spent with clients on Thursday: 7/10 = 0.7 * 100 = 70%

Answer choice B is right.

6 0

3 years ago

The angles of a triangle are 80º, 2x + 2º, and 5xº. What is the value of x?

Gekata [30.6K]

Since the sum of the angles of a triangle = 180°

Then 80º + (2x + 2)º + 5xº = 180°
82° + (7x)° = 180°
(7x)° = 180° - 82°
x = 98° ÷ 7
∴ x = 14

7 0

3 years ago

HELP ME PLEASEEE [GIVING BRAINLIEST TO BEST ANSWER W/ EXPLANATION]

vivado [14]

Answer:

Step-by-step explanation:

1. There is a total of 16 outcomes

2. To get outcomes with a sum GREATER than 5, we have

2+4, 3+3, 3+4, 4+2, 4+3, 4+4 for a total of 6 outcomes.

3. To spin the same number twice, the possible outcomes are

1-1, 2-2, 3-3, 4-4 for a total of 4 outcomes.

7 0

3 years ago

Please Help! 20 Points!

iVinArrow [24]

$\text {x - coordinate = } \bigg( 5\dfrac{1}{2} + 3\dfrac{3}{4} \bigg) \div 2$

$\text {x - coordinate = } \bigg( 5\dfrac{2}{4} + 3\dfrac{3}{4} \bigg) \div 2$

$\text {x - coordinate = } 8\dfrac{5}{4} \div 2$

$\text {x - coordinate = }\dfrac{37}{4} \times \dfrac{1}{2}$

$\text {x - coordinate = }\dfrac{37}{8}$

$\text {x - coordinate = } 4\dfrac{5}{8}$

$\text {y - coordinate = } \bigg( -4\dfrac{1}{4} - 1\dfrac{1}{4} \bigg) \div 2$

$\text {y - coordinate = } -5\dfrac{2}{4} \div 2$

$\text {y - coordinate = } -\dfrac{22}{4} \times \dfrac{1}{2}$

$\text {y - coordinate = } -\dfrac{11}{4}}$

$\text {y - coordinate = } -2\dfrac{3}{4}}$

$\text {The coordinate is }\bigg( 4\dfrac{5}{8}, -2\dfrac{3}{4}} \bigg)$

6 0

3 years ago

Roxie is a show dog her trainer wants her to have a beautiful and brilliant coat. The veterinarian suggested a special diet for

oksano4ka [1.4K]

Answer: the answers are below

Step-by-step explanation:

1 meal = 2/3 of a can of wet dog food, 1/8 of a bag of dry dog food, and 3/5 a patty of special meat

Food for 1 day: 2 meals = 2(2/3) = 4/3 of a can of wet dog food, 2(1/8) = 1/4 of a bag of dry dog food, and 2(3/5) = 6/5 a patty of special meat

The trainer goes to the store and buys 24 cans of wet food, 4 bags of dry food and 3 packages of meat (3*6 = 18 patties)

He has:

there is wet food for: 24/(4/3) = 24*3/4 = 18 days

there is dry food for: 4/(1/4) = 4*4 = 16 days

there is special meat food for: 18/(6/5) = 18*5/6 = 15 days

since the minimum for 15, 16 and 18 is 15 the dog will have food for 15 days and first he will run out of special meat.

5 0

3 years ago

Read 2 more answers