1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ikadub [295]
3 years ago
8

Mr. Velez borrowed $16,800 for 54 months at simple interest to pay for a new swimming pool. If Mr. Velez paid the bank a total o

f $26,854.80, what was the simple interest rate of the loan?
Mathematics
1 answer:
Alex73 [517]3 years ago
5 0

Answer:the simple interest rate of the loan is 13.3%

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 = $16,800

R = ?

T = 54 months = 54/12 = 4.5 years

I = 26854.80 - 16800 = $10054.8

Therefore

10054.8 = (16800 × R × 4.5)/100

10054.8 = 756R

R = 10054/756

R = 13.3%

You might be interested in
Private colleges and universities rely on money contributed by individuals and corporations for their operating expenses. Much o
emmainna [20.7K]

Answer:

The 95% confidence interval   81.852  <  \mu <  280.098

Step-by-step explanation:

From the question we are told that

   The  sample mean is  \= x  =  180.975

   The standard deviation is  \sigma  =  143.042

   The sample size is n = 8

Given that the confidence level is  95%  then the level of significance is  

    \alpha =( 100- 95) \%

=>  \alpha =0.05    

Generally from the normal distribution table the critical value  of  \frac{\alpha }{2} is  

   Z_{\frac{\alpha }{2} } =  1.96

Generally the margin of error is mathematically represented as  

      E = Z_{\frac{\alpha }{2} } *  \frac{\sigma }{\sqrt{n} }

=>  E = 1.96 *  \frac{ 143.042 }{\sqrt{8} }

=>  E = 99.123

Generally 95% confidence interval is mathematically represented as  

      \= x -E <  \mu <  \=x  +E

=>    180.975 -99.123 <  p <  180.975 +99.123

=>    81.852  <  \mu <  280.098

   

5 0
3 years ago
Your uncle offers you a choice of $115,000 in 10 years or $54,000 today. Use Appendix B as an approximate answer, but calculate
juin [17]

Answer:

oyx9tx9tz9tzt9x9tx0

Step-by-step explanation:

xxy0xpycypcu0cy9ox9tx9t

5 0
3 years ago
I pass through (-2,5). I pass through the origin. What’s my equation?
rosijanka [135]
Slope = 5/-2 = -2.5
<span>pass through the origin (0,0)
</span>so equation
y = -2.5x 
7 0
3 years ago
Find an equation of the line perpendicular to the graph.
topjm [15]

Answer:

The equation of the line would be y = -1/4x + 2

Step-by-step explanation:

In order to solve this, start by finding the slope of the original line. You can do this by solving for y.

28x - 7y = 9

-7y = -28x + 9

y = 4x - 9/7

Now that we have a slope of 4, we know that the perpendicular slope is -1/4 (since perpendicular lines have opposite and reciprocal slopes). We can use this and the new point in point-slope form to find the equation.

y - y1 = m(x - x1)

y - 1 = -1/4(x - 4)

y - 1 = 1/4x + 1

y = -1/4x + 2



8 0
4 years ago
Anchorage: -16 Fº<br> or<br> Richmond: 46 Fº
Natalka [10]

Answer:

I don’t understand the question?

8 0
4 years ago
Other questions:
  • Which answer describes the calculations that could be used to solve this problem?
    13·2 answers
  • How many different arrangements of the letters in the word "COLOR" are there? 20<br> 60<br> 120
    7·2 answers
  • Plllz helpWhich math expression can be used to represent this phrase? 5 less than triple a number x
    10·2 answers
  • What is the slope of the line that is perpendicular to the line that passes through points (4,3) and (6,2)?
    7·2 answers
  • The picture is the question​
    7·1 answer
  • Please help me!
    12·1 answer
  • The length of one side of APTV is given. Use the relationship between the sides of a 30°-60°-90° triangle to find the lengths of
    15·1 answer
  • Overnight the temperature in Chicago was -7F but by noon it had risen to 9 degrees F. What was the temperature in Chicago that a
    14·1 answer
  • H + 86.43 = 531.79<br><br> h = ___________
    15·2 answers
  • Steve bought 14 music albums that cost $7.29 each, including tax. He handed the cashier a $100 dollar bill and was told he neede
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!