Ask question

Ask question

All categories

3 years ago

11

An investment of $4000 earns $1700 simple interest after 5 years. what is the annual simple interest rate in the investment?

1 answer:

dezoksy [38]3 years ago

8 0

Answer:

8.5% interest rate

Step-by-step explanation:

Principle: $4000

Interest rate: x

Time : 5 years

4000( 5 ) ( x ) = Interest

4000x = 1700/5

4000x = 340

x = 0.085 or 8.5% interest rate

<em>Check:</em>

8.5% x 4000 x 5

= 340 x 5

= 1700

You might be interested in

Can someone please help me with the last 3

mash [69]

Answer:

its pretty complicated

Step-by-step explanation:

4 0

2 years ago

Addison worked 11 more hours this week than last week. In total, she worked 65 hours this week and last week. Using the equation

Anestetic [448]

Answer:

27 hours

Step-by-step explanation:

Just do the reverse. 65-11 = 54. 54 / 2 = 27.

5 0

2 years ago

What is 75-5(2x6) ?

otez555 [7]

75-5(2×6) 75-5×12× -60×+75

3 0

2 years ago

Read 2 more answers

Slope of (0,45) (6,33) (15,15)

Vladimir [108]

Answer:

The slope is -2

Step-by-step explanation:

Given

$(x_1,y_1) = (0,45)$

$(x_2,y_2) = (6,33)$

$(x_2,y_3) = (15,15)$

Required

The slope (m)

Slope is calculated as:

$m = \frac{y_2 -y_1}{x_2 - x_1}$

So, we have:

$m = \frac{33 -45}{6 - 0}$

$m = \frac{-12}{6}$

$m =-2$

4 0

2 years ago

Find 9% of $2005.00 <br> Can anyone answer this ASAP!!!

Ket [755]

Step-by-step explanation:

= $\frac{9}{100}$ × $2005$

= $\frac{3609}{20}$

= $180\frac{9}{20}$ or 180.45

please give me a brainliest answer

8 0

2 years ago