What interest is needed to earn $137.50 on a deposit of $500 for five years if it earns simple interest?
1 answer:
Answer:
5.5%
Step-by-step explanation:
Given data
Simple interest = $137.50
Principal= $500
time = 5 years
We want to find the rate R
Simple interest= PRT/100
137.50 = 500*R*5/100
137.50=2500R/100
cross multiply
137.5*100= 2500R
13750= 2500R
divide both sides by 2500
R= 13750/2500
R=5.5%
Hence the rate is 5.5%
You might be interested in
Answer: Marble
Step-by-step explanation:
Multiply 3x4x6 and you should get 72. Divide 184.32 by 72 and you should get 2.56 which is marble.
Answer:
Step-by-step explanation:
1.5x + 6 - 3 = 4.5x - 9
1.5x + 3 = 4.5x - 9
Bringing like terms on one side
3 + 9 = 4.5x - 1. 5x
12 = 3x
12/3 = x
4 = x
X^0=1
5^0=1
1^n=1
answer is 1^4 and 5^0
Answer:
P(x) = 3x - 150
Step-by-step explanation:
Step-by-step explanation:
P(x) = R(x) - C(x)
Given:
R(x) = 5x
C(x) = 2x + 150
P(x) = 5x -(2x+150)
P(x) = 5x - 2x -150
P(x) = 3x - 150 <- Answer
Hey there!
63 = 13 + 2P subtract 13 from both sides
50 = 2P divide both sides by 2
25 = P
So the cost of one pass = $25
Hope this helps!
