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
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%.  

You might be interested in
Determine whether each relation is a function
Alex

Step-by-step explanation:

(2,4),(3,5),(4,6),(5,8) (1,4),(2,3),(3,-6),(-3,6)

is NOT a function, because some x values (2 and 3) have more than one associated result value (4, 3 and 5, -6).

(1,5),(1,7),(1,-5),(1,-7) (0,4),(1,4),(2,4),(3,4)

is NOT a function as the x value 1 has more than 1 associated result values (5, 7, -5, -7, 4).

x² = y + 1

y = x² - 1

this is a function. for any value of x we get exactly one result value.

xy = 1

y = 1/x

this is a function. for any value of x we get exactly one result value. but we do need to exclude x=0.

if we cannot do that, then it is NOT a function, because x=0 has no associated result value.

x = 3

is NOT a function, because although there is only one valid x value (3), there are infinitely many possible y result values associated with this x value (y can be "anything").

y = -2

this is a function. for any value of x we get exactly one result value (constantly -2).

7 0
3 years ago
What does rotation about (-3,-4) mean
umka2103 [35]

Answer:

Step-by-step explanation:

Depends on what kind of rotation you would be doing. But for example, if you are rotating 90 degrees about a point on a graph, your point (x, y) changes to (-y, x). Then another 90 degrees would be (-x, -y).

3 0
3 years ago
Solve for h. Then check your solution.<br><br> 2h + 6= 3h -19
ololo11 [35]
2h + 6 = 3h -19

collect like terms

2h - 3h = -19 - 6

-h = -25

Divide both sides by -1

-h/-1 = -25/-1

h = 25

Hope this helps.
5 0
3 years ago
A bag contains 8 gray glass marbles, 2 gray metal marbles, 4 black glass marbles, and 6 black metal marbles. If one marble is dr
Vera_Pavlovna [14]

Answer:

1/5

Step-by-step explanation:

Total marbles = 20

Black marbles = 10

(10/20) x (4/10)

= (1/2) x (2/5)

= 2/10

= 1/5

4 0
2 years ago
Please help asap I HV a time​
nikdorinn [45]

Answer: 382

Just add 300+70+12 and you get 382

8 0
3 years ago
Other questions:
  • Problem 2 Previous Problem Problem List Next Problem (1 point) Determine ifv is an eigenvector of the matrix A No 1 5 0 0 7 0 -2
    6·1 answer
  • Click an item in the list or group of pictures at the bottom of the problem and, holding the button down, drag it into the corre
    6·1 answer
  • A theatre has the capacity to seat people across two levels, the Circle and
    9·1 answer
  • A helicopter hovers 1050 feet above a small island.The figure shows that the ang;e of depression from the helicopter to point P
    12·1 answer
  • If the retail price is $30,863 how much did the customer save ?
    11·2 answers
  • Find the x-intercepts of the parabola with vertex (-1,-108) and y-intercept (0,-105).
    11·1 answer
  • Write the slope-intercept form of the equation (-3,3) parallel to y=-5/3x+3
    15·1 answer
  • A sports camp has a total of $2,880 to purchase new equipment. They need baseballs and baseball gloves. A pack of baseballs cost
    13·1 answer
  • Solve this question abd show work for branliest!!!
    13·1 answer
  • Order the following numbers from least to greatest.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!