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AnnyKZ [126]
3 years ago
6

If anyone could help with this question here it would mean so much, I can't work out the answer. Could you also provide a explan

ation|?
Billy invests £800 for five years in a savings account. By the end of the five years he has received a total of £96 pound interest. Work out the annual rate of simple interest.

Mathematics
1 answer:
Mnenie [13.5K]3 years ago
4 0

Answer:

The rate is 2.4% per year.

Step-by-step explanation:

The basic formula is Dividend equals Principal times rate times time.

Time is usually the number of years

Dividend means the same as Interest, but we can use D instead if <em>I </em>which is confusing. So  D=Prt

Principal is the original amount invested or deposited

You are given D = 96, P = 800  t = 5

r is unknown, that's what you have to solve to find

Put the numbers into the formula:  96 = (800) × r × (5)

Divide:  96/(800)(5) =r  That's 96 ÷ 4000 = r  Calculate that to get 0.024 and change the decimal to a percent.

That means the rate of interest is 2.4%

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4 years ago
Select the equation of the line parallel to the equation y = -2x - 7 that passes through the point (3, 1).
sasho [114]
Y = -2x - 7 
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y = -2x + 7
slope = -2

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a beauty salon buys bottles of styling gel for $4.50 per bottle and marks up the price by 40%. for what price does the salon sel
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7 0
3 years ago
Here’s a graph of a linear function. Write the equation that describes that function. (Zoom in if blurry)
Andru [333]

Answer:

y = 1/3x - 1

Step-by-step explanation:

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Hope this helps

8 0
4 years ago
Read 2 more answers
If the x-intercept (–68, 0), and the y-intercept (0, –34), what is the equation?
stealth61 [152]

y = - \frac{1}{2} x - 34

the equation of a line in slope-intercept form is

y = mx + c ( m is the slope and c the y-intercept )

to calculate m use the gradient formula

m = ( y₂ - y₁ ) / (x₂ - x₁ )

with (x₁, y₁ ) = (- 68, 0 ) and (x₂, y₂ ) = (0, - 34 )

m = \frac{-34-0}{0+68} = \frac{-34}{68} = - \frac{1}{2}

the y-intercept = (0, - 34 ) ⇒ c = - 34

y= - \frac{1}{2} x - 34


4 0
3 years ago
Read 2 more answers
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