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Colt1911 [192]
3 years ago
12

The maturity value of a 30-day loan of $650 is $660. What is the annual simple interest rate (in percent) on this loan? Round to

the nearest tenth of a percent. Use 360 days in 1 year. (Enter a number.)
Mathematics
1 answer:
Zolol [24]3 years ago
7 0

Answer: the interest rate is 18.7%

Step-by-step explanation:

The formula for determining simple interest is expressed as

I = PRT/100

Where

I represents interest paid on the loan.

P represents the principal or amount taken as loan

R represents interest rate

T represents the duration of the loan in years.

From the information given,

P = 650

I = 660 - 650 = $10

T = 30 days. Converting to years,

T = 30/365 = 0.08219

10 = (650 × R × 0.08219)/100 = 0.5342R

R = 10/0.534 = 18.7% to the nearest tenth of a percent.

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When Zakir threw a beach ball to his friend, its horizontal velocity changed as it traveled through the air. The relationship be
Anuta_ua [19.1K]

Answer:

5/8 shrinks

Step-by-step explanation:

Shrinks down 5/8

6 0
3 years ago
Student A starts with $100 in the bank and makes $5 a day. Student B starts with $50 and makes $7 a day. Assuming the students s
nasty-shy [4]
Student A starts with $100 in the bank and makes $5 a day. Student B starts with $50 and makes $7 a day. Assuming the students save their money, when will they have the same amount of money ?
3 0
3 years ago
Read 2 more answers
Given the quadratic relation y = -x2 + 6x - 6, a) write the equation in vertex form b) graph the quadratic relation (using noteb
Mekhanik [1.2K]
<h3>Answer:</h3>
  • y = -(x -3)² +3 . . . . (agrees with your answer)
  • see the attachment for a graph
<h3>Step-by-step explanation:</h3>

Factoring the leading -1 from the first two terms, we have ...

... y = -(x² -6x) -6

Adding 9 inside parentheses to complete the square, then adding the opposite amount outside parentheses, we have ...

... y = -(x² -6x +9) -6 +9

... y = -(x -3)² +3

8 0
4 years ago
Can I have help with this, I have drawn out a graph and marked my points so far.
Sidana [21]

Answer:

D. 2x²

Step-by-step explanation:

Ok, so the first thing to do is remember the first number in parentheses is x, and the second number is y.

You're trying to figure out which expression turns x into y in each set.

Just by plugging in the numbers into each expression I found that the answer is 2x².

I'll prove this starting with (1, 2).

1² = 1  

2 x 1 = 2

So, y = 2x²!

Next, (2, 8).

2² = 4

2 x 4 = 8

So, y = 2x²!

I'm not going to demonstrate with the other two but I hope you understand. Just plug the values of x and y into the equation and see which is correct.

4 0
3 years ago
socks cost $2 per pair. the cost of n pairs $2n. john says that the cost of 6 pairs is $26 and the cost of 7 pairs is $27. is th
just olya [345]

Answer:

John is incorrect. He did not multiply.

Step-by-step explanation:

If a pair of socks cost $2, then the total cost of the socks if you buy n pairs is $2n. In the expression 2n, the 2 is the dollar amount and the n is the number of pairs.

1 pair is $2.

2 pair are $4.

3 pair are $6.

4 pair are $8.

5 pair are $10.

6 pair are $12.

7 pair are $14.

13 pair are $26.

There is no way to spend $27 on these socks.

25 pair are $50.

Hopefully, you can use logic, your prior knowledge of making purchases of multiple items and also algebra to see you must multiply the number of items you're buying times the cost per item.

6 pair are $12 and 7 pair are $14. John is wrong. He did not multiply.

6 0
2 years ago
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