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Elenna [48]
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?

Mathematics
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

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So elimination method is basically adding the equations and canceling out variables. 
-6x + 6y = 6
-6x + 3y = -12
The eaiest way to solve is by multiplying the bottom equation by -1.
-6x + 6y = 6
 6x - 3y = 12
Now you add the eqautions.
3y = 18
Divde 3 from both sides.
y = 6
Now plug in 6 into any of the original two equations. Lets use the first one.
-6x + 6(6) = 6
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Subtract 36 from both sides.
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Divide -6 from both sides.
x = 5
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3 years ago
6-8x=7x-10x-24 solve for x
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Answer:

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Step-by-step explanation:

Let's solve your equation step-by-step.

6−8x=7x−10x−24

Step 1: Simplify both sides of the equation.

6−8x=7x−10x−24

6+−8x=7x+−10x+−24

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−8x+6=−3x+−24

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Step 2: Add 3x to both sides.

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Step 4: Divide both sides by -5.

−5x/-5 = -30 /-5

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Step-by-step explanation:

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