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
madam [21]
3 years ago
12

After 5 years, a $2,450 investment is worth $3,123.75.

Mathematics
1 answer:
kondaur [170]3 years ago
3 0

Answer:

5.5%

Step-by-step explanation:

To solve this problem we can use a modified version of the simple interest formula which is shown below:

r=\frac{I}{Pt}

<em>I = interest amount</em>

<em>P = principal amount</em>

<em>t = time (years)</em>

<em />

The first step is to find the interest gained from the investment.

3,123.75-2,450=673.75

Next, plug in the values into the equation:

r=\frac{673.75}{(2,450)(5)}     Multiply the bottom values

r=\frac{673.75}{12,550}         Divide the values

r=.055

The last step is to convert 0.055 into a percent:

0.055(100)=5.5

The interest rate is 5.5%

You might be interested in
Help shaded parts need answers
Andrej [43]

Answer:

? i cant understand this!!!!!!!

Step-by-step explanation:

4 0
3 years ago
Subtract: 5 – 3 1⁄3 . A. 2 1⁄3 B. 2 2⁄3 C. 3 1⁄3 D. 1 2⁄3
katovenus [111]
I would say 2 1/3
hope this helps
5 0
3 years ago
Read 2 more answers
when buying lemonade mix , Cece spend $0.72 on a 6- ounce packet and $0.27 on a 3- ounce packet . Use unit rates to determine if
siniylev [52]

6- ounce packet rate = $0.72 .

In order to find the one ounce rate, we need to divide $0.72 by 6.

On dividing 0.72 by 6, we get $0.12.

<em>Therefore, first unit rate is $0.12 per ounce.</em>

3- ounces packet rate = $0.27.

In order to find the one ounce rate, we need to divide  $0.27 by 3.

On dividing 0.27 by 3, we get $0.09.

<em>Therefore, second unit rate is $0.09 per ounce.</em>

<h3>So, we can say that each pair of rates is not equivalent. </h3>
3 0
3 years ago
What variable expressions is a translation of the word phrase "three less than the product of a number and six?
yan [13]

That expression would be 6n-3, where n is the number in question.


6 0
3 years ago
Find the volume of the cylinder. Round to the nearest tenth.
Svetllana [295]

Answer:

V = 56.5 mi^3

Step-by-step explanation:

The volume of a cylinder is given by

V = pi r^2 h where r is the radius and h is the height

V = pi ( 3)^2 (2)

V = 18 pi

Letting p = 3.14

V = 56.52 mi^3

Rounding to the nearest tenth

V = 56.5 mi^3

6 0
2 years ago
Other questions:
  • Tell whether the experimental probability of an event is always the same.
    7·1 answer
  • What is the measure of <br> A. Cannot be determined <br> B. 74<br> C. 16<br> D. 32
    11·1 answer
  • What's 18/40 in simplest form
    15·1 answer
  • How do i find LM? On number 2 .
    9·1 answer
  • I totally need help, (I just wanna see who will join)<br> It works :) <br> kte-diym-hvy
    12·2 answers
  • Solve for x. −5(x−4)=−30
    6·2 answers
  • 9/2 as a fraction and what is 2/3 reciprocal<br><br><br><br><br><br><br><br>​
    14·2 answers
  • Solve the proportion <img src="https://tex.z-dn.net/?f=%5Cfrac%7BX%2B1%7D%7B3%7D" id="TexFormula1" title="\frac{X+1}{3}" alt="\f
    12·1 answer
  • What is an equivalent fraction of 69
    6·2 answers
  • It's for a test, I have to show some work and answer, I will give brainliest​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!