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
Aleks04 [339]
3 years ago
6

Sanjay borrowed 7,000 at a simple interest rate of 3% per year. After a certain number of years he had paid $840 in interest alt

ogether. How many years was that?
Mathematics
1 answer:
alexgriva [62]3 years ago
7 0

Answer:

It was 4 years.

Step-by-step explanation:

To solve this problem we need to use the appropriate formula for simple interest, which is shown below:

M = C*r*t

Where M is the amount of interest, C is the initial amount of money, r is the rate of interest and t is the time elapsed in years. Applying the data from the problem we have:

840 =7000*0.03*t

840 = 210*t

210*t = 840

t = 840/210

t = 4

It was 4 years.

You might be interested in
Esther. Vida and Clair were asked to consider two different cash flows: GH¢1000 that theycould receive today and GH¢3000 that wo
xxMikexx [17]

Answer:

The right choice is Esther's

Step-by-step explanation:

Present worth of GH¢ after 3 years is better as its present really worth may be very high than GH¢ a thousand of today. Here fee of interest is not given to compare however GH¢ 3000 after three years will be equivalent to present well worth GH¢ 1000 if charge of interest >44.5% which may be very very excessive. Thus charge of interest > 44.5% Then GH¢ 3000 payable after 3 years could be equivalent to GH¢ 1000 Hence vide has made the proper preference. If interest price >44.5%.

Then Esther's preference will he right. (thinking about time value of money).

6 0
3 years ago
Select the correct answer.<br> The area of a square is 9 square feet as shown below
kondaur [170]
The answer to the problem is A
6 0
3 years ago
Ok maths experts ,here is your trigonometric question
EleoNora [17]

Answer:


Step-by-step explanation:

i don't take trig :/

6 0
3 years ago
If you borrow $100 for 3 years at an
igomit [66]

Answer:

$114.46

Step-by-step explanation:

6 0
3 years ago
If x=-6, which inequality is true ??<br>​
Gelneren [198K]

<em>Answer:</em>

The inequality that is true is -5 - 3x > 10.

<em>Step-by-step explanation:</em>

if x = -6

we can subtitution x to every inequality, so :

-5 - 3x > 10

-5 - 3(-6) > 10

-5 - (-18) > 10

-5 + 18 > 10

13 > 10 [true]

-3 - 5x < -14

-3 - 5(-6) < -14

-3 - (-30) < -14

-3 + 30 < -14

27 < -14 [false]

2 - x < -3

2 - (-6) < -3

2 + 6 < -3

8 < -3 [false]

So if x=-6, inequality true is -5 - 3x > 10.

<em>If this was helpful, please mark brainliest. Have a beautiful day. </em>

4 0
3 years ago
Other questions:
  • The price of a cantaloupe at a fruit stand goes up 4 cents each month. The first month the stand was open, a cantaloupe cost $1.
    12·1 answer
  • What is x minus 3 times x plus 2
    7·2 answers
  • Three apples and twice as many oranges add up to one half the number of cherries in a fruit basket. how many cherries are there?
    11·1 answer
  • 1. (-7)(-12)=? <br><br> 2. 37 - (-14)=?<br><br> 3. 120 divided by (-20)=?<br><br> explain
    14·1 answer
  • A high school student working part time as a cashier had a gross income of $8125 last year if her federal tax rate was 10% of th
    5·2 answers
  • a spinner used for a game is divided into 4 sections yellow brown red and orange the spinner is spun 50 times and lands on brown
    7·2 answers
  • Determine if the sequence below is arithmetic or geometric and determine the
    10·1 answer
  • Complete the table,graph each order
    11·2 answers
  • Consider a political discussion group consisting of 4 Democrats, 9 republicans, and 4 independents. Suppose that two group membe
    6·1 answer
  • At a local concert, the cost for 3 adults and 2 children was $32.00. The cost for 8 adults and 5 children
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!