Ask question

Ask question

All categories

White raven [17]

3 years ago

12

Saccoro invested $3800 for 3 1/2 years she earn 983.25 in simple interest what was the annual interest rate to the nearest hundr

edth of a percent

1 answer:

Kobotan [32]3 years ago

4 0

I = PRT
983.25 = (3800)(R)(3.5)
983.25 = 13300R
983.25 / 13300 = R
0.07392 = R
7.39% = R <==

You might be interested in

The populations and areas of four states are shown. A 3-column table has 4 rows. The first column has entries State A, State B,

faust18 [17]

Answer:

B.

Step-by-step explanation:

Just did the quiz

6 0

3 years ago

Simplify the expression. 8x^-10 y^'6 -2x^2y^-8 Write your answer without negative exponents.

sergij07 [2.7K]

Answer:

$8x^{-10}y^6 - 2x^2y^{-8} = \frac{8y^{14} - 2x^{12}}{x^{10}y^8}$

Step-by-step explanation:

Given

$8x^{-10}y^6 - 2x^2y^{-8}$

Required

Simplify

Rewrite as:

$8x^{-10}y^6 - 2x^2y^{-8} = \frac{8y^6}{x^{10}} - \frac{2x^2}{y^8}$

Take LCM

$8x^{-10}y^6 - 2x^2y^{-8} = \frac{8y^6*y^8 - 2x^2 * x^{10}}{x^{10}y^8}$

Apply law of indices

$8x^{-10}y^6 - 2x^2y^{-8} = \frac{8y^{14} - 2x^{12}}{x^{10}y^8}$

8 0

3 years ago

Lauren will make annual contributions in the amount of $4,770, on average, to a 401(k) over the next 34 years. Her employer will

fredd [130]

Answer:

$610,297.11

Step-by-step explanation:

The problem seems to make several assumptions:

contributions are made at the end of each year
contributions and employer matching funds are not taxed until retirement
the 15% tax rate applies to the account balance amount at retirement

Of these, the last is least likely to be true in the United States.

___

Based on the assumptions above, we compute the amount from the future value of the series of contributions, then subtract 15% from that result.

FV = P·((1 +r)^n -1)/r . . . . where P is the amount of each payment, r is the annual interest rate, n is the number of payments.

The amount deposited each year is ...

$4770 + 0.60·4770 = $7630

Then the future value after 34 deposits is ...

FV = 7630·(1.055^34 -1)/0.055 ≈ 717,996.60

When this amount is reduced by the assumed 15% tax rate, it becomes ...

$717,996.60 - 0.15·717,996.60 = $610,297.11

4 0

3 years ago

A plan that costs $29.99 another company $19.99 and $0.35 during nights and weekends for what numbers of night and weekend does

Masja [62]

Answer:

<em>29 minutes more</em>

Step-by-step explanation:

Let m represent minutes

changing the statement to algebra, since the second company charges a different rate at night and weekend we have the equation below;

$19.99 + $0.35m > $29.99

Subtract 19.99 from both sides to isolate m and we have;

$19.99 -$19.99 + $0.35 > $29.99 - $19.99

= $0,35m > $10.00

Divide both side by 0.35 to obtain the value of m;

$\frac{0.35m}{0.35}$ > $\frac{10}{0.35}$

= m > 28.57

<em>m ⩾ 29 minutes</em>

<em>The second company's will be twenty nine minutes or more costlier than the first company</em>

5 0

3 years ago

Read 2 more answers

Mr. price drives 123 miles each day on his bus route he gets reimbursed .56 per every mile he drives. How much will mr. price re

Andrei [34K]

he will be reimbursed 137.26 dollars for two days

6 0

3 years ago