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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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20% of which number is 30?<br> A. 1.5<br> B. 6<br> c. 15<br> D. 150<br> E. 600
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Answer:

The correct answer is g(x)=−x−6

Step-by-step explanation:

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3 years ago
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Given a || b , and c is not parallel to a or b, which statements
Lapatulllka [165]

Answer:

C. m∠4 = m∠8

D. m∠2 = m∠7

Step-by-step explanation:

Here, we use the principles of alternate angles, corresponding angles and vertically opposite angles to confirm which of the statements are true. Alternate angles are always equal, corresponding angles are equal, likewise vertically opposite angles.

From the given question, it was given that a is parallel to b. Thus, it can be observed and deduced that;

m∠4 = m∠8  (corresponding angles)

and

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m∠3 = m∠7 (corresponding angles)

So that,

m∠2 = m∠7  

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7 0
3 years ago
A random sample of 11 nursing students from Group 1 resulted in a mean score of 41.3 with a standard deviation of 6.8. A random
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Answer:

At 1% significance level,  this difference is considered to be extremely statistically significant.

Step-by-step explanation:

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Mean 41.300 54.800

SD 6.800 6.000

SEM 2.050 1.604

N 11      14      

H0: Mean of group I = Mean of group II

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Since p < significance level, reject H0

6 0
2 years ago
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