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suter [353]
3 years ago
10

What annual rate of interest would you have to earn on an investment of $3500 to ensure receiving $273.00 interest after 1 year?

Mathematics
1 answer:
kogti [31]3 years ago
8 0

To find the answer, we will have to find the percentage of $273 to $ 3500, and we can use the formula:

\frac{interest received}{investment amount} \times 100%

In this case:

273/3500 x 100%

=39/500 x 100%

=7.8%

Therefore the annual interest rate would be 7.8%.

Hope it helps!

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Hello,

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Q.5(b) The population {(P) in millions} of a country is estimated by the function, P=125e0.035t, t = time measured in years since 1990. (a) what is the population expected to equal in year 2000 (b) determine the expression for the instantaneous rate of change in the population (c) what is the instantaneous rate of change in the population expected to equal in year 2000.

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