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aliina [53]
3 years ago
5

I =125 r=6% t=1 what is p

Mathematics
1 answer:
vfiekz [6]3 years ago
4 0
There is no P in here, you can't solve for P without a P, Or I just don't get the question.
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7. A man makes a simple discount note for $6,200, at an ordinary bank discount rate of 8.84%, for 40 days. What is the effective
Elina [12.6K]

Answer:

The effective interest rate, rounded to the nearest tenth, is 0.1%.

Step-by-step explanation:

The banker's rule is the simple interest formula.

The simple interest formula is given by:

E = P*I*t

In which E are the earnings, P is the principal(the initial amount of money), I is the interest rate(yearly) and t is the time, in years.

The effective interest rate is given by the following formula:

E_{IR} = \frac{E}{P}.

In this problem, we have that:

A man makes a simple discount note for $6,200, at an ordinary bank discount rate of 8.84%, for 40 days. We consider that the year has 360 days. This means that P = 6200, I = 0.0884, t = \frac{40}{360} = \frac{1}{9}.

So

E = 6200*0.0884*\frac{1}{9} = 60.9

The effective interest rate is

E_{IR} = \frac{E}{P} = \frac{60.9}{6200} = 0.0098 = 0.001

The effective interest rate, rounded to the nearest tenth, is 0.1%.

8 0
3 years ago
(25÷8)×219078%+2347910.Please show working on paper.Thanks.You will get 10 points.PLEASE HELP..
Elenna [48]
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7 0
3 years ago
Read 2 more answers
How many solutions does 13(y+3)=13y
kari74 [83]

Answer:

13y+39=13y

13y=13y+39

13y-13y=39

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6 0
3 years ago
What is the slope of the line that passes through (-4, 6) and (-6, 20)?
Hatshy [7]

Answer:

-7

Step-by-step explanation:

Since we have two points, we can use the slope formula

m = ( y2-y1)/(x2-x1)

    = ( 20-6)/(-6- -4)

    = ( 20-6)/ ( -6+4)

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3 0
2 years ago
The length between (3, 8) and (-2, -4) is ______?
True [87]

Answer:

13

Step-by-step explanation:

to find the length between two point you've got to use the formula

√(x2-x1)^2 +(y2-y1)^2

√(-2-3)^2 + (-4-8)^2

√(-5)^2 + (-12)^2

√ 25+144

√169

13

5 0
3 years ago
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