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3 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]3 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

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The sentence three times the difference of -13 and 2 amounts to -45 written as an equation

Alinara [238K]

3(-13-2)= -45

Step-by-step explanation:

We need to write the equation of:

three times the difference of -13 and 2 amounts to -45 written as an equation

The equation is:

3(-13-2)= -45

Keywords: Convert Sentence into Equations

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3 years ago

How is adding positive and negative fractions similar to adding intergers ?

Paha777 [63]

Answer:

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Step-by-step explanation:

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3 years ago

According to the document Current Population Survey, published by the U.S. Census Bureau, 30.4% of U.S. adults 25 years old or o

Marizza181 [45]

Answer:

0.0803 = 8.03% probability that the number who have a high school degree as their highest educational level is exactly 32.

Step-by-step explanation:

For each adult, there are only two possible outcomes. Either they have a high school degree as their highest educational level, or they do not. The probability of an adult having it is independent of any other adult. This means that the binomial probability distribution is used to solve this question.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$

In which $C_{n,x}$ is the number of different combinations of x objects from a set of n elements, given by the following formula.

$C_{n,x} = \frac{n!}{x!(n-x)!}$

And p is the probability of X happening.

30.4% of U.S. adults 25 years old or older have a high school degree as their highest educational level.

This means that $p = 0.304$

100 such adults

This means that $n = 100$

Determine the probability that the number who have a high school degree as their highest educational level is a. Exactly 32

This is P(X = 32).

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$

$P(X = 32) = C_{100,32}.(0.304)^{32}.(0.696)^{68} = 0.0803$

0.0803 = 8.03% probability that the number who have a high school degree as their highest educational level is exactly 32.

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3 years ago

Solve 3 and get 70 pts

Lena [83]

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3 years ago

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What is the product of 3 1/5 and 5/8. Use complete sentences in your answer.

vesna_86 [32]

The product of 3 1/5 and 5/8 is 2.

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3 years ago