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
notsponge [240]
2 years ago
15

Dream borrowed $500 at an interest rate of 8%. At the end of the loan period, she had to pay back $530. How long was the loan fo

r
Mathematics
1 answer:
Aliun [14]2 years ago
5 0

Answer:

The loan was for 9 months only

Step-by-step explanation:

In this question, we are concerned with calculating the time taken for a loan om an interest to be paid back

To calculate this, we use the simple interest formula

Mathematically;

I = PRT/100

where P is the principal which is the amount borrowed and that is $500 according to the question

R is the rate which is 8% according to the question

Interest can be calculated by subtracting the principal from the  amount paid back = 530-500 = 30$

We now plug these values into the equation

30 = (500 × 8× T)/100

100 × 30 = 4000T

T = 3000/4000

T = 0.75 (same as 0.75 × 12 months = 9 months)

You might be interested in
Sonny has $75 to spend. The purchase he wants to make requires$93. If he borrows the extra money that he needs, how much does he
lidiya [134]
All you gotta do is subtract both of the numbers to get how much you need.

93 - 75 = 18

We can double check to see if it's right by using addition

18 + 75 = 93

Sonny needs to borrow 18$ to meet his required amount :D
7 0
3 years ago
I have to find the slope for 4. ASAP please help
Lorico [155]

Given:

The objective is to find the slope of the straight line.

Explanation:

The general equation to find the slope is,

m=\frac{y_2-y_1}{x_2-x_1}

Let's consider two coordinates from the graph.

\begin{gathered} (x_1,y_1)=(0,0) \\ (x_2,y_2)=(-1,5) \end{gathered}

On plugging the values in the equation of slope,

\begin{gathered} m=\frac{5-0}{-1-0} \\ m=-5 \end{gathered}

Hence, the slope of the straight line is -5.

3 0
1 year ago
There are 5 green marbles, 4 red marbles, 3 blue marbles and 3 yellow marbles in a bag. Bryan select's a marble at random. Deter
Taya2010 [7]

Answer:

1/3

Step-by-step explanation:

(5 + 4 + 3 + 3) x 2 = 30

Multiplied by two because two marbles are being picked.

10/30 = 1/3

3 0
2 years ago
Geometry!<br> Find the length of the short leg
Mrrafil [7]
90 cm because ................................
3 0
3 years ago
X intercept f(x)=(x+4)^2
natali 33 [55]

Answer:

<h2>-4</h2>

Step-by-step explanation:

Given the function f(x)=(x+4)², <u>the x intercept occurs at f(x)  = 0,</u> substituting f(x) = 0 into the given equation to get the value of x we have;

0 = (x+4)^{2} \\

Taking the square root of both sides

\sqrt{(x+4})^{2}  = \sqrt{0}\\ x+4 = 0\\

Subtracting 4 from both sides of the equation

x+4-4 = 0-4\\x = -4

Therefore the x intercept of the equation is -4

4 0
2 years ago
Other questions:
  • Which circle is the graph of the equation (x-4)2+(y-3)2=4? gradpoint
    9·1 answer
  • Use the parabola tool to graph the quadratic function. f(x)=2x^2 +12x+16 Graph the parabola by first plotting its vertex and the
    9·1 answer
  • What does the multiplication principle tell you?
    5·2 answers
  • Math - Use unit conversion factor to convert the units.
    10·1 answer
  • What is the inverse of the function f(x) = 4x + 8?
    6·1 answer
  • What is the product
    7·1 answer
  • Identify the Property:
    11·1 answer
  • Question 1) In an auditorium, there are 22 seats in the first row and 28 seats in the second row. The number of seats in a row c
    7·1 answer
  • I need help please please please​
    7·2 answers
  • Suppose that 43% of a town's population have blue eyes, 46% have blonde hair, and 24% have both blue eyes and blonde hair. What
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!