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
Mademuasel [1]
3 years ago
6

Marcus invested $2000 in a bank account earning simple interest. The interest, I, he has after t years at an interest rate r is

given by this equation.
l = 2000 rt



After 2 years, the total amount in the account was $2160. What was the annual interest rate?
Mathematics
2 answers:
Whitepunk [10]3 years ago
6 0

Answer:

  • 4%

Step-by-step explanation:

<h3>Given</h3>

<u>The equation for simple interest:</u>

  • I = 2000rt

<u>And values</u>

  • Total = $2160
  • t = 2
  • r = ?
<h3>Solution</h3>

<u>Interest amount is</u>

  • $2160 - $2000 = $160

<u>Solving for annual interest rate</u>

  • 160 = 2000*2r
  • 160 = 4000r
  • r = 160/4000
  • r = 0.04
  • 0.04*100% = 4%

Annual interest rate is 4%

Cloud [144]3 years ago
6 0
<h2><u>A</u><u>n</u><u>s</u><u>w</u><u>e</u><u>r</u><u> </u></h2>

Given that ,

  • I = 2000rt

annual interest rate after 2yrs .

  • total = $ 2160
  • t = 2yrs
  • R = ?

Now,

<u>interest amount is </u>

  • <u>$</u><u>2</u><u>1</u><u>6</u><u>0</u><u>-</u><u>$</u><u>2</u><u>0</u><u>0</u><u>0</u><u> </u><u>=</u><u> </u><u>$</u><u>1</u><u>6</u><u>0</u>

Now,

<u>annual interest rate is </u><u>;</u><u> </u>

  • 160 = 2000 × 2r
  • 160 = 4000r
  • r = 160/4000
  • r = 0.04
  • r = 0.04×100% = 4%

<h2>the annual rate of interest is 4% </h2>
You might be interested in
Solve the equation algebraically |x|=12
sergiy2304 [10]

Answer:

x = 12

Step-by-step explanation:

Absolute value is the distance between the number and 0. Since distance cannot be negative, the absolute value of something is always going to be positive. In this equation | x | = 12 since 12 is already a postive number and the distance between 12 and 0 is 12, this means that x is equal to 12.

Hope This Helps :)

4 0
3 years ago
I need the answers?
tresset_1 [31]
The y intercept is -5
5 0
2 years ago
Given that the two figures are similar, what scale factor can be used to find the missing length x?
Dafna11 [192]

Answer:

A

Step-by-step explanation:

4/16 = 1/4

8 0
3 years ago
Read 2 more answers
Calculate S_24 for the arithmetic squence in which a_13= 1.9 and the common difference is d=3.7
zloy xaker [14]

Answer:

D. 1.2

Step-by-step explanation:

The sum of an arithmetic sequence is the product of the average term value and the number of terms.

The average term is often computed by averaging the first and last terms of the sequence. It can also be computed by averaging the middle two terms of the sequence (when there are an even number of terms, as here).

We are given a_13 is 1.9. We know that a_12 is 3.7 less, so is -1.8. Then the average of these two middle terms is ...

... (-1.8 + 1.9)/2 = 0.05

The product of this value and the number of terms (24) is ...

... 24·0.05 = 1.2 . . . . . the sum of 24 terms of the sequence

7 0
3 years ago
Help me pls I don’t know how to do this I’ll give brainliest pls help
Natalka [10]

Answer:

3/2

Step-by-step explanation:

First, you find the mean (((4 + 5 + 6 + 1)/4) = 4)

Find the absolute difference between each data value and the mean: 0, 1, 2, 3

Add the differences (in the previous step) and divide by number of terms: (0+1+2+3)/4 = 6/4 = 3/2

3 0
3 years ago
Other questions:
  • Evaluate c -2 when c equals 7.
    9·1 answer
  • A newspaper pays its delivery people $75 each day plus $0.10 per paper delivered. Which equation shows the daily earnings of a d
    14·1 answer
  • What is the length of cd
    15·1 answer
  • Write using exponents<br> 8 x 8 x 8 x 8 x n x n x n
    6·2 answers
  • Two arcades have different pricing structures. Arcade A costs $5 to enter and $0.60 per game. Arcade B costs $7 to enter and $0.
    8·2 answers
  • What is the answer to this math problem?
    6·2 answers
  • What are the amplitude, period, phase shift, and midline of f(x) = 2 sin(x + π) − 4?
    6·1 answer
  • Which fraction is equal to the decimal 0.125?<br> I need help now!!!!!!!
    6·1 answer
  • ray buys a sweatshirt from model’s for $38. he also wants to buy socks ,s, that cost $3 per pair. how many pairs of socks,s, can
    6·1 answer
  • I need help solving this
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!