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3 years ago

A principal of $480 earns $108 interest in 5 years . what rate of interest was being paid?

Mathematics

1 answer:

olga55 [171]3 years ago

6 0

Answer:

4.5%

Step-by-step explanation:

Solving our equation

r = 108 / ( 480 × 5 ) = 0.045

r = 0.045

converting r decimal to a percentage

R = 0.045 * 100 = 4.5%/year

The interest rate required to

accumulate simple interest of $ 108.00

from a principal of $ 480.00

over 5 years is 4.5% per year.

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Part 9) The number of items on Emily's grocery list is 5 and the number of items on Bobby's grocery list is 13

Part 10) The height of the taller bookshelf is 4 feet and the height of the shorter bookshelf is 1 foot

Step-by-step explanation:

Part 9)

Let

x ----> number of items on Emily's grocery list

x ----> number of items on Bobby's grocery list

we know that

$y=2x+3$ ----> equation A

$x=y-8$ ----> equation B

Solve by substitution

Substitute equation A in equation B

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The number of items on Emily's grocery list is 5 and the number of items on Bobby's grocery list is 13

Part 10)

Let

x ----> the height of the taller bookshelf in feet

y ----> the height of the shorter bookshelf in feet

we have

$x=5y-1$ ----> equation A

Remember that

$1\ ft=12\ in$

To convert inches to feet divide by 12

$60\ in=60/12=5\ ft$

$x+y=5$ ----> equation B

Solve the system by substitution

substitute equation A in equation B

$(5y-1)+y=5$

solve for y

$5y+y=5+1$

$6y=6$

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$x=5(1)-1=4\ ft$

therefore

The height of the taller bookshelf is 4 feet and the height of the shorter bookshelf is 1 foot

3 0

3 years ago

A principal of $480 earns $108 interest in 5 years . what rate of interest was being paid?​

A principal of $480 earns $108 interest in 5 years . what rate of interest was being paid?