All categories

2 years ago

If the simple interest on $5,000 for 4 years is $1,600, then what is the interest rate?

Mathematics

1 answer:

matrenka [14]2 years ago

8 0

Answer:

0.08, or 8%

Step-by-step explanation:

The appropriate formula is i = p*r*t, where p is the principal, r is the interest rate as a decimal fraction, and t is the time in years.

We want to calculate r when i, p and t are known.

Solving i = p*r*t for r, we get r = ------------

p*t

The interest rate in this case is

$1600

r = ---------------- = 0.08, or 8%

$5000*4

You might be interested in

Please solve<br>I really need help

Llana [10]

9514 1404 393

Answer:

x = 12

Step-by-step explanation:

The similarity statement tells you corresponding sides have the same ratio.

AB/BC = FE/EC

x/10 = 6/5

x = 10(6/5)

x = 12

7 0

3 years ago

Probability is used when describing a function of a parameter given an outcome. For example, if a coin is flipped 10 times and i

Paladinen [302]

Answer: 1/1024

Step-by-step explanation:

When a fair coin is flipped the coin would show either head or tail meaning only 2 outcomes are possible. So, getting an head means 50% chance or 1/2 chance.

Now, it means chance for 10 times head every time= (1/2)^10

Chance= 1/1024

Chance= 0.00097

8 0

3 years ago

Help me please....

KIM [24]

Answer:

car a-50 kilos per hour

car b-55 kilos per hour

car b is faster

Step-by-step explanation:

150/3=50

220/4=55

3 0

3 years ago

Lee needed to make drapes the length from the floor to the top of the window. The wall beneath the window had the height of 2 2/

Tatiana [17]

Since drapes have to be covered all over the window and the beneath of the window, both lengths have to be added.

(2 2/3) + ( 2 3/4)
(8/3) + (11/4)
(32+33)/12
65/12
5 5/12

7 0

3 years ago

Kayla has a piece of blue ribbon that is 18.35 inches long and a piece of

tankabanditka [31]

Answer:

1.85

Step-by-step explanation:

20.2-18.35=1.85

3 0

3 years ago