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Marta_Voda [28]
3 years ago
6

After 9 months, the simple interest earned on an investment of $1200 is $72. find the interest rate.

Mathematics
1 answer:
Deffense [45]3 years ago
7 0
Use the formula i=prt, where i is the interest earned, p is the principal, r is the rate (as a decimal fraction) and t is the elapsed time, in years.

Here i = $72 = $1200 r (9/12)                    (9 months is 9/12, or 3/4, of 1 year)
Reducing, 
              $72 = $900r
                                          Solving for r, r=0.08, or 8 percent per year.
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*Silly and/or spam answers will not be tolerated*
stepladder [879]

Answer:

-1/8

Step-by-step explanation:

lim x approaches -6     (sqrt( 10-x) -4) / (x+6)

Rationalize

   (sqrt( 10-x) -4)      (sqrt( 10-x) +4)

    ------------------- * -------------------

       (x+6)                 (sqrt( 10-x) +4)

We know ( a-b) (a+b) = a^2 -b^2

a= ( sqrt(10-x)   b = 4    

(10-x) -16

-------------------

(x+6) (sqrt( 10-x) +4)    

-6-x

-------------------

(x+6) (sqrt( 10-x) +4)

Factor out -1 from the numerator

-1( x+6)

-------------------

(x+6) (sqrt( 10-x) +4)

Cancel x+6 from the numerator and denominator

-1

-------------------

(sqrt( 10-x) +4)

Now take the limit

lim x approaches -6    -1/ (sqrt( 10-x) +4)

                                      -1/ (sqrt( 10- -6) +4)

                                      -1/ (sqrt(16) +4)

                                      -1 /( 4+4)

                                        -1/8

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