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
Cloud [144]
3 years ago
14

Shaq deposited $77 into a savings account that pays annual simple interest. AT the end of the 6 years , he earned $24.02 in inte

rest. WHat is the interest rate on the savings account? ROund to the nearest 10th of a percent. Pease help me
Mathematics
1 answer:
aev [14]3 years ago
4 0

Answer:

Interest rate on the savings account=5.2%

Step-by-step explanation:

The simple interest amount is calculated using the formula below;

Simple interest amount=Principal×rate×time

where;

Principal=Initial deposit

rate=interest rate on the deposit

Time=number of years the money was deposited

In our case;

Principal=$77

Interest rate=r

Time=6 years

Simple interest amount=$24.02

Replacing;

$24.02=77×r×6

462 r=24.02

r=24.02/462

r=0.05199

In percentage=(0.05199×100)=5.199

Nearest 10th of a percentage=(10/100)=0.1

5.199 to the nearest 10th of a percent=5.2%

Interest rate on the savings account=5.2%

You might be interested in
Which distribution is positively skewed?
hram777 [196]

it is a right skew.........

6 0
2 years ago
How does understanding the history of credit make you think differently about credit card or other forms of debt? (Subject is pe
Gennadij [26K]

Answer:

It doesn't matter that much

Step-by-step explanation:

I know it from last year

8 0
3 years ago
A line goes through the points (4, 5) and (2, -6). Write the equation of the line in slope-intercept form. ​
myrzilka [38]
3/4 & 1/-3 would be the answer
7 0
3 years ago
Describe the error in the work shown below.
Katena32 [7]

Answer:

the bottom equation should be 18+30=3(6+10)

Step-by-step explanation:

6(3+10) = 18+60 which equals 78

78 does not equal 18

5 0
2 years ago
Terry needs to carry a pole that
Natasha2012 [34]

Answer:

Yes, The pole will fit through the door because the diagonal width of the door is 10.8 feet, which is longer than the length of the pole.

Step-by-step explanation:

Using the Pythagorean Theorem, (a^2+b^2=c^2 ) we can measure the hypotenuse of a right triangle. Since the doorway is a rectangle, and a rectangle cut diagonally is a right triangle, we can use Pythagorean Theorem to measure the diagonal width of the doorway.

Plug in the values of the length and width of the door for a and b. The c value will represent the diagonal width of the doorway:

6^2+9^2=c^2

36+81=c^2

117=c^2

Since 117 is equal to the value of c multiplied by c, we must find the square root of 117 to find the value of c.

\sqrt{117} =10.8

10.8=c

Yes, The pole will fit through the door because the diagonal width of the door is 10.8 feet, which is longer than the length of the pole, measuring 10 feet.

7 0
3 years ago
Other questions:
  • A rectangular prism has a length of 3 1/2 in., a width of 3 1/2 in., and a height of 7 in. Danny has a storage container for the
    15·1 answer
  • For f(x) =2x+1 and g(x)=- squt -7 find (g/f)(x)
    5·1 answer
  • Formulate the indicated conclusion in nontechnical terms. Be sure to address the original claim.
    14·1 answer
  • George has 26 coins in quarters and dimes. He has a total of $4.70. How many quarters does he have?
    11·1 answer
  • Could someone see if this is right? thank you !
    10·2 answers
  • Help with this question, please!
    8·1 answer
  • a bank is offering 2.5%simple interest in a saving account. if you deposit 5000, how much interest would you earn in one year
    7·1 answer
  • Jessica works 5 days a week at a factory 7.5 miles from her home.
    15·1 answer
  • Choose a system of equations with the same solution as the following system:
    15·2 answers
  • Describe the effect an increase in i, the interest rate applied to the present value, has on the monthly payment P in the formul
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!