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jeka57 [31]
3 years ago
10

Jim deposited $350 into a savings account with simple interest at Hunting Bank. He left the money in his account with no changes

for 4 years. At the end of 4 years, his bank statement showed he had earned $32.50 in interest. What is Jim’s interest rate for his savings account? Round to the nearest tenth of a percent. S
Mathematics
1 answer:
padilas [110]3 years ago
4 0

Answer:

2.321428571%

Step-by-step explanation:

Given in the question,

P=$350

T=4years

I=$32.50

We know that

I=PTR/100

32.50=350*4*R/100

R=32.50*100/350*4

R=2.321428571%

So, the rate of interest is 2.321428571%

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Step-by-step explanation:

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How 7,5,6 and 3 equal 75
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Shalnov [3]

Answer:

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Step-by-step explanation:

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In a cave, a stalactite gets 44 millimeters longer each year. this year it is 72 centimeters long. how many years until it is 1
iragen [17]

Answer:

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Step-by-step explanation:

First, I'm going to convert all measurements to meters.

Since 1000 mm = 1 m, divide 44 by 1000.

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72/100 = 0.72 m

Next, I'm going to setup an equation using y = mx + b.

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Plugin the numbers and solve for x.

1 = 0.044x + 0.72

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3 years ago
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