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
lesantik [10]
3 years ago
15

On August 1, 2021, a company accepts an $8,000, 9-month note receivable. For 2021, the company reports interest revenue of $200.

What is the interest rate on the note?
Mathematics
1 answer:
erastova [34]3 years ago
4 0

Answer:

6%

Step-by-step explanation:

We have to calculate the interest rate in the note, we must follow the following steps, calculate the amount of time remaining from the year 2021, as follows:

interest is for 5 months i.e. from Aug 01 to Dec 31 for year 2021 , so it means it would be 5/12 months.

We have to calculate the interest as follows:

I = P * R * T

We replace:

200 = 8000 * R * 5/12

we solve for R

200 * 12/5 = 8000 * R

R * 8000 = 480

R = 480/8000

R = 0.06

Which means that the interest rate on the note is 6%

You might be interested in
A wallet containing 5 five dollar bills, 7 ten dollar bills, 8 twenty dollar bills is found and returned to its owner the wallet
Dominik [7]

Answer:

The probability is 2/5 that a $20 bill will be drawn from the wallet.

Step-by-step explanation:

There are 20 total bills in the wallet (5 $5, 7 $10, and 8 $20, 5+7+8=20). So if the finder and returner of the wallet was to be given one of the bills drawn from the wallet there would be an 8/20 chance the owner of the wallet would pull a 20. That's because there are 20 total bills in the wallet and 8 of them are $20.  

Simplifying 8/20... 8/20= 4/10= 2/5.

So, there is a 2/5 chance that a $20 bill will be pulled out of the wallet.

Hope this helps!

7 0
3 years ago
What is 1/6 in simplest form
Zarrin [17]
1/6 thats it u cant simplify
8 0
3 years ago
Read 2 more answers
What is the answer to this math equation? <br><br> -3y &lt; -14
Illusion [34]

Answer:

y = 5

Step-by-step explanation:

-3 * 5 = -15

-15 < -14

5 0
2 years ago
Patricia purchased x meters of fencing. She originally intended to use all of the fencing to enclose a square region, but later
sergejj [24]

Answer:

  (y^2)/4 square meters

Step-by-step explanation:

For a perimeter length of x, the side of a square will be x/4 and its area will be (x/4)^2.

If one side of the square is shortened by y/2 and the adjacent side is lengthened by y/2, then the difference in side lengths will be y. The area of the resulting rectangle will be ...

  (x/4 -y/2)(x/4 +y/2) = (x/4)^2 -(y/2)^2

That is, the difference in area between the square and the rectangle is ...

  (x/4)^2 - ((x/4)^2 -(y/2)^2) = (y/2)^2 = y^2/4

The positive difference between the area of the square region and the area of the rectangular region is y^2/4 square meters.

5 0
3 years ago
In the cafeteria, 100 milk cartons were put out for breakfast. After breakfast there were 40 milk cartons left. What is the rati
Assoli18 [71]

Answer:

1:4

Step-by-step explanation:

4 0
3 years ago
Other questions:
  • Lori makes 64,000 each year as an accountant. at christmas she was given a 12% bonus
    8·2 answers
  • Perform the operation and reduce the answer fully. 1/2 / 7/6
    7·2 answers
  • How would I solve #39? I need to rewrite the equation in standard form (the circle equation).
    5·1 answer
  • About 60% of human bodies is water at this rate how many pounds of water are in the body of a 95 pound person
    7·1 answer
  • Trapezoid TUVW on the coordinate plane with ordered pairs at T negative 5, 5, at U negative 2, 5, at V negative 2, 2, at W negat
    5·2 answers
  • Five plus negative three
    13·2 answers
  • What is the domain of f(x)=5x-7
    9·2 answers
  • Hii please help i’ll give brainliest!!
    14·1 answer
  • Help me with this pleaseee
    13·1 answer
  • There are 10 red, 10 black, 10 white, and 10 gray marbles in a jar. If all the marbles are identical, what is the least number o
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!