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KatRina [158]
3 years ago
9

Mona has invested $2840 in a savings account for 6 years. She earned $894.60 in a simple interest. What was the annual interest

rate?
Mathematics
1 answer:
forsale [732]3 years ago
8 0

Answer:

The annual interest rate was 5.25%.

Step-by-step explanation:

Simple interest can be calculated using the following formula:  I = PRT, where I=simple interest, P=principal amount, R=percentage rate and T=time.  In this problem, Mona started with a principal amount of $2840, or P=2840 and invested for 6 years, or T=6, to gain simple interest in the amount of $894.60, or I=894.60.  When we put in the values for our variables in the equation, we get:  894.60 = (2840)(6)R.  Multiplying 2840 x 6 = 17040 and gives us:  894.60 = 17040R.  Using inverse operations to isolate the variable, we divide both sides by 17040 to get R=0.0525.  Since the rate is a percentage, we need to multiply our answer by 100 to get 5.25%.  

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Answer:

a) 5+13k  where k is integer

b) 20+13k where k is integer

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Step-by-step explanation:

(a)

8x \equiv 1 (mod 13) \text{ means } 8x-1=13k.

8x-1=13k

Subtract 13k on both sides:

8x-13k-1=0

Add 1 on both sides:

8x-13k=1

I'm going to use Euclidean Algorithm.

13=8(1)+5

8=5(1)+3

5=3(1)+2

3=2(1)+1

Now backwards through the equations:

3-2=1

3-(5-3)=1

3-5+3=1

(8-5)-5+(8-5)=1

2(8)-3(5)=1

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5(8)-3(13)=1

So compare this to:

8x-13k=1

We see that x is 5 while k is 3.

Anyways 5 is a solution or 5+13k is a solution where k is an integer.

b)

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8x-4=13k

Subtract 13k on both sides:

8x-13k-4=0

Add 4 on both sides:

8x-13k=4

We got this from above:

5(8)-3(13)=1

If we multiply both sides by 4 we get:

8(20)-13(12)=4

So x=20 and 20+13k is also a solution where k is an integer.

c)

[tex]99x \equiv 5 (mod 13)[/tex

99x-5=13k

Subtract 13k on both sides:

99x-13k-5=0

Add 5 on both sides:

99x-13k=5

Using Euclidean Algorithm:

99=13(7)+8

13=8(1)+5

Go back through the equations:

13-8=5

13-(99-13(7))=5

8(13)-99=5

99(-1)+8(13)=5

Compare this to 99x-13k=5 and see that x=-1 or -1+13=12 or 12+13k is a solution where k is an integer.

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