The only thing you could factor out is X so it would be
X(4x-5)
6% or 0.06 is the simple interest rate the bank pays him.
<u>Step-by-step explanation:</u>
Sir Ving Spoon earned $5,436 on his $7,550 certificate of deposit.
From this given information,
It can be determined that the Principal amount is $7550 and the interest amount is $5436.
The CD is for 12 years. Therefore, the number of years is 12.
<u>To find the interest rate (r) :</u>
Using the simple interest formula,
Interest = P×r×t
where,
- P is the principal amount = $7550
- r is the rate of interest.
- t is the number of years = 12
⇒ 5436 = 7550 × r × 12
⇒ 5436 = 90600 × r
⇒ r = 5436 / 90600
⇒ r = 0.06
Multiply by 100 to represent in rate %
⇒ r = 0.06 × 100
⇒ r = 6%
∴ 6% or 0.06 is the simple interest rate the bank pays him.
Answer:
number of $20 bill = 4
Number of $5 bill = 5
Step-by-step explanation:
Given that:
Total number of $5 and $20 bills = 9
Let :
Number of $5 bills = x
Number of $20 bills = y
Combined worth of all bills = $105
x + y = 9 - - - (1)
5x + 20y = 105 - - - (2)
From (1)
x = 9 - y
Substitute x = 9 - y into (2)
5(9 - y) + 20y = 105
45 - 5y + 20y = 105
15y = 105 - 45
15y = 60
y = 60/15
y = 4
x = 9 - y
x = 9 - 4 = 5
Hence,
number of $20 bill = 4
Number of $5 bill = 5
Step-by-step explanation:
