Ask question

Ask question

All categories

3 years ago

5

you deposit $1,200 in an account that earns simple interest. After 42 months, the account earns $96.60 in interest. What is the

annual interest rate to the nearest tenth of a percent?

1 answer:

snow_tiger [21]3 years ago

7 0

Interest rate:

42x = 96.60
÷42 ÷42
x = 2.30

Full Equation:

1,200 + (2.30 × 42 )
1,200 + 96.60
$1,296.60

You might be interested in

How many possible outcomes are there when spinning a spinner numbered from 1 to 8 and tossing a coin?

guajiro [1.7K]

There is 16 possible outcomes when spinning a spinner numbered from 1 to 8 and tossing coin.

7 0

2 years ago

Read 2 more answers

Find an equation for the line which is parallel to y= 1/4x + 5/3 and passes through the point (5,6)

amm1812

the answer is:

y=1/4x+19/4

6 0

3 years ago

find the length of the line segment with end points (7,2) and (-4,2) explain how you arrived at your solution

Inga [223]

Answer:

<h2>11 units</h2>

Step-by-step explanation:

Method 1:

The formula of a distance between two points:

$d=\sqrt{(x_2-x_1)^2+(y_2-y_1)^2}$

We have the points (7, 2) and (-4, 2). Substitute:

$d=\sqrt{(2-2)^2+(-4-7)^2}=\sqrt{0^2+(-11)^2}=\sqrt{11^2}=11$

Method 2:

Look at the picture. Mark points in the coordinate system.

Read the length of the segment.

6 0

3 years ago

What is the LCM of 30 and 45? a0

Alik [6]

90 is the LCM of 30 and 45

8 0

2 years ago

Read 2 more answers

If you borrow $1500 for a year with a credit card that charges 26.8% annual interest, how much interest will you pay for the yea

Anarel [89]

Answer:

$402

Step-by-step explanation:

Interest = principal x rate x time

I = 1500 x .268

I = $402

5 0

2 years ago