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Zepler [3.9K]
3 years ago
14

Mary borrowed $6000 from a bank for 3 years and was charged simple interest. The total interest that she paid on the loan was $7

20. As a percentage, what was the annual interest rate of her loan?
If necessary, refer to the list of financial formulas.

what is the percent %
Mathematics
1 answer:
daser333 [38]3 years ago
3 0
4.17




Step by step : I don’t know if it’s right but I did $6000 x 3 cause he did it for 3 year and then it came up to $18,000 then I did what is the percentage of 750$ in $18,000 and got 4.17
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A mother invests $7000 in a bank account at the time of her daughter's birth. The interest is 18) compounded quarterly at a rate
Alex

well, from birth to your twentieth birthday that'll just be 20 years, so

~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$7000\\ r=rate\to 8\%\to \frac{8}{100}\dotfill &0.08\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{quarterly, thus four} \end{array}\dotfill &4\\ t=years\dotfill &20 \end{cases} \\\\\\ A=7000\left(1+\frac{0.08}{4}\right)^{4\cdot 20}\implies A=7000(1.02)^{80}\implies A\approx 34128.07

5 0
2 years ago
An Item is priced at $14.91. If the sales tax is 4%, what does the item cost including the tax? A. 30.42 B. $0.60 C.$15.51 D. $2
nydimaria [60]

Answer:

15.51

Step-by-step explanation:

14.91x4%=.60

14.91+.60=15.51

7 0
3 years ago
A venue plans to host trucking events regularly throughout the year. The expected revenue from each event is $100,000. The cost
iris [78.8K]

Answer:

The venue has to host 47 events throughout the year

Step-by-step explanation:

Profit:

Profit is revenue subtracted by costs.

Per event:

$100,000 revenue

$50,000 costs

$100,000 - $50,000 = $50,000 profit.

If the venue wants to make a total profit margin of $2,350,000, how many events does the venue have to host throughout the year?

1 event - $50,000 profit.

x events - $2,350,000 profit.

50000x = 2350000

x = \frac{2350000}{50000}

x = 47

The venue has to host 47 events throughout the year

6 0
3 years ago
A car travels at a constant speed of 45 km per hour for 5 min each wheel has a radius of 25 centimeters calculate the number of
Arisa [49]

Answer:

477.47 revolutions

Step-by-step explanation:

From the information given:

The formula for calculating the circumference = 2π r

Given that the radius of each wheel = 25 centimeter

Then, the circumference = 2 π (25)

= 50π cm

The distance traveled in 5 minutes is as follows:

Given that:

The speed = 45 km/ hour

i.e.

1 hour = 45 km

In an hour, we have 60 minutes

So, 60 minutes = 45 km

1 minute = 45/60 = 0.75 km

To cm;

0.75 km = (0.75 × 1000) m = 750 m

750 m = 750 × 100 = 75,000 cm

∴

The number of revolution in 5 minutes sInce 1 revolution =  50π cm is:

=  75,000 cm/ 50π cm

= 477.47 revolutions in 5 minutes

6 0
3 years ago
I need help with number 30 and please show work
Lady bird [3.3K]
30)

10 x 6 = 60
 11 x 4 = 44
12 x 4 = 48

60 + 44 + 48 = 152 cm^2

answer: area = 152 cm^2

3 0
3 years ago
Read 2 more answers
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