3 years ago

If a business borrows $20,000 and repays $29,200 in 4 years, what is the simple interest rate?

Mathematics

1 answer:

nekit [7.7K]3 years ago

4 0

Answer:

11.5

Step-by-step explanation:

r= SI×100

_______

P×T

= 9200×100

_________

20000×4

= 920000

________

80000

You might be interested in

Leslie is ordering matching shirts for the debate team. They can get sweaters, sweatshirts, T-shirts, polo shirts, or turtleneck

alexgriva [62]

THE ANSWER is 25 different combinations

4 0

3 years ago

Read 2 more answers

Your class is raising money for a charity. Which graph could show the amount of

otez555 [7]

The far right would be the correct answer.

6 0

2 years ago

Suppose that the local sales tax rate is 7% and you purchase a car for 11,100

Lostsunrise [7]

if you need to find the price of the car with tax, it would be $11877

3 0

3 years ago

Read 2 more answers

A major department store chain is interested in estimating the mean amount its credit card customers spent on their first visit

sergiy2304 [10]

Answer:

95% Confidence interval: (39.43, 61.58)

Step-by-step explanation:

We are given the following in the question:

Sample mean, $\bar{x}$ = $50.50

Sample size, n = 15

Alpha, α = 0.05

Sample standard deviation = 20

95% Confidence interval:

$\bar{x} \pm t_{critical}\displaystyle\frac{s}{\sqrt{n}}$

Putting the values, we get,

$t_{critical}\text{ at degree of freedom 14 and}~\alpha_{0.05} = \pm 2.1447$

$=50.50 \pm 2.1447(\dfrac{20}{\sqrt{15}} ) \\\\= 50.50 \pm 11.0751 \\= (39.4249,61.5751)\\\approx (39.43, 61.58)$

95% Confidence interval: (39.43, 61.58)

8 0

3 years ago

The answer to 1/4 times 4 in fluid ounces

Kitty [74]

The answer is 1

Hope this helped :)

3 0

3 years ago

Read 2 more answers