3 years ago

Solve for t. −35=7t What is the answer?

1 answer:

8 0

−35=7t
Divide 7 on both sides
Final Answer: -5=t

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Kay [80]

The rate of interest is 25%

Explanation:

Given:

Principal, P = $2,000

Amount, A = $2500

Time, t = 1 year

Rate of Interest, r = ?

We know:

$Amount = P(1+\frac{r}{100})^t$

On substituting the value we get:

$2500 = 2000 (1 + \frac{r}{100})^1\\ \\\frac{25}{20}= (1+\frac{r}{100})\\$

$\frac{5}{20} = \frac{r}{100}\\ \\r = \frac{100 X 5}{20} \\\\r = 25$

Therefore, the rate of interest is 25%

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