Answer:
The required rate of interest = 14.285%
Step-by-step explanation:
Here, The principal amount = 7,000
The final paid amount = 9,000
Time = 2 years
Let us assume the rate of interest = R
Now, Simple Interest = Amount - Principal
= 9,000 - 7,000 = 2,000
So, the SI on the given principal for 2 years = 2,000

or, R = 14.285%
Hence, the required rate of interest = 14.285%
Answer:
3×10^4
Step-by-step explanation:
The desired factor is found by calculating the ratio of the two numbers:
k = (9×10^2)/(3×10^-2) = (9/3)×10^(2 -(-2)) = 3×10^4
The first number is 3×10^4 = 30,000 times as much as the second number.
Answer:
In the first account was invested
at 3%
In the second account was invested
at 5%
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Interest Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
First account
substitute in the formula above
Second account
substitute in the formula above
Remember that
The interest is equal to
so
Adds the interest of both accounts
therefore
In the first account was invested
at 3%
In the second account was invested
at 5%
Answer: a) $204 b) $331.50
Step-by-step explanation: a) 17 x 12 b) 17 x 19.5 (Sorry, I can't do a diagram, you have to do it by yourself...)