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solong [7]
3 years ago
15

Tim Invested $5,000 in a savings account for 6 years.He earned $550 over that fine period.What is the interest rate?

Mathematics
1 answer:
Klio2033 [76]3 years ago
5 0

Answer:

1.75 %  

Step-by-step explanation:

The formula for the future value (FV) of an investment is

FV =PV(1 + r/n)^nt

If the interest is calculated once a year, n = 1, and the formula reduces to

     FV = PV(1 +r)^t

5550 = 5000(1 + r)⁶     Divide both sides by 5000

 1.110 = (1+r)^6              Take the sixth root of each side

 1 + r = 1.0175               Subtract 1 from each side

      r = 0.0175               Convert to percent

     r = 1.75 %

The interest rate is 1.75 %.

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Tom is 45 and pays $2042 on his mortgage each month while his total take home pay is $5950 per month. The national average, for
Scrat [10]
Take the amount that he pays for his mortgage, so $2042, and divide that by his total pay, $5950. You’ll get .34016907. Then to make a decimal into a percentage, you multiply it by 100. This gives you 34%, meaning he spends less than the national average on housing.
6 0
3 years ago
If f(x)=×^2+7x-5 and you divide by x-2, What is the quotient and remainder?
katrin [286]

Answer:

The quotient is : x+9

The remainder is : 13

Step-by-step explanation:

The question requires you to perform the long division method;

This will be;

x-2\sqrt{x^2+7x-5}

start with the x term in x-2 and the first term in the function, x², to get x then multiply the x with x-2 to get x²-2x and perform the operation below;

x-2√x²+7x-5 -----------to first get x and then multiply x*[x-2]⇒x²-2x

    -  x²-2x+0 ------------perform subtraction of like terms

---------------------

            9x-5  ----now divide this answer by x-2 ,starting with x and 9x

----------------------This will give , 9 then multiply  9 by x-2 to get 9x-18 and perform the subtraction operation as;

             9x-5

      -      9x-18

------------------------

                     13

So the answer will be; x+9 remainder 13

6 0
3 years ago
In your computation, approximate its value as 3.14.
andrey2020 [161]

Answer: d

Step-by-step explanation:

Find the area of the rectangle.

A=l*w\\A=(15in)(12in)\\A=180in^2

Find the area of the base of the semicircle.

A=\pi r^2

12 in would be the diameter, divide by 2 to get the radius.

\frac{12}{2}=6

Plug this into the formula.

A=(3.14)(6)^2\\A=113.04in^2

Since we do not have a full circle but a semi one instead, we must divide our result by 2.

\frac{113.04}{2}=56.52in^2

Add both areas.

180+56.52=236.52in^2

7 0
3 years ago
What is the radius of 22cm of a circle​
algol13

Answer:

11 cm

Step-by-step explanation:

To find radius just divide diameter of 22 by 2. The answer will be 11.

4 0
1 year ago
Read 2 more answers
Plz help me well mark brainliest if correct ...?????.
jasenka [17]

Answer:

Apples

Step-by-step explanation:

8 0
3 years ago
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