3 years ago

What time is it on this analog clock

Mathematics

1 answer:

elena-s [515]3 years ago

4 0

The time on this analog clock is: 7:31

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In two or more complete sentences, describe a real world situation that can be modeled by the inequality and solve the inequalit

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Brittany was playing with 11 marbles on the ground and her friend Natasha was playing with 23 so they couldn't play a game together. then Brittany's friend lent her some amount of marbles that made it so they could play together. what expression could you use to describe this problem?

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3 years ago

7. A man makes a simple discount note for $6,200, at an ordinary bank discount rate of 8.84%, for 40 days. What is the effective

Elina [12.6K]

Answer:

The effective interest rate, rounded to the nearest tenth, is 0.1%.

Step-by-step explanation:

The banker's rule is the simple interest formula.

The simple interest formula is given by:

$E = P*I*t$

In which E are the earnings, P is the principal(the initial amount of money), I is the interest rate(yearly) and t is the time, in years.

The effective interest rate is given by the following formula:

$E_{IR} = \frac{E}{P}$ .

In this problem, we have that:

A man makes a simple discount note for $6,200, at an ordinary bank discount rate of 8.84%, for 40 days. We consider that the year has 360 days. This means that $P = 6200, I = 0.0884, t = \frac{40}{360} = \frac{1}{9}$ .