We need to use the formula for simple interest which is
I= prt
Where I is the amount of money you earned or pay in interest
p is the principal, the amount you deposited or borrowed
r is the interest rate expressed as a decimal
t is time in terms of years
In this problem, I= 1,680
p= 3000
t= 8
'. r is what we are looking for.
Substituting the numbers into the simple interest formula, we get
I=. p r t
1,680=(3000)(r)(8). Multiplying
1,680= 24,000r Divide both sides by 24,000
0.07= r
So, the percentage is (0.07)(100)= 7%...
Answer:
0.5
Step-by-step explanation:
just divide in a calculator
Answer:
c i think because the problem =-
Answer:
C.1/6
Step-by-step explanation:
Initially the box has four $1 and six $5 bills. The probability of selecting a $5 bill in the first trial would be given as;
(number of $5 bills) / (total number of bills)
= (6)/(4+6) = 3/5
If in the first attempt we actually pick a $5 bill, the number of $5 bills will reduce by one to 5. Now, the probability of picking a $5 bill in the second attempt will be given as;
(new number of $5 bills) / (new total number of bills)
= (5)/(4+5) = 5/9
The new number of $5 bills will now be; 6 - 2 = 4 since we have already picked 2 without replacing them.
Now, the probability of picking a $5 bill in the third attempt will be given as;
(new number of $5 bills) / (new total number of bills)
= (4)/(4+4) = 1/2
Since the three attempts are independent, the probability of picking all three $5 bills is;
3/5 * 5/9 * 1/2 = 1/6
