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Alex787 [66]
3 years ago
9

If the simple answer interest on 2,000 for 10 years is 1,600, then what is the interest rate

Mathematics
1 answer:
mario62 [17]3 years ago
8 0

Answer:

8%

Step-by-step explanation:

Solving our equation

r = 1600 / ( 2000 × 10 ) = 0.08

r = 0.08

converting r decimal to a percentage

R = 0.08 * 100 = 8%/year

The interest rate required to

accumulate simple interest of $ 1,600.00

from a principal of $ 2,000.00

over 10 years is 8% per year.

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I hope this helps you

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4 years ago
Patti went to the bakery. She bought a loaf of bread for $3.49, 6 muffins that cost $1.25 each, and a bottle of juice for $1.79.
Maslowich

Answer:

7.22

Step-by-step explanation:

3.49+7.50+1.79= 12.78

20.00 -12.78=7.22

8 0
3 years ago
Solve for y.
storchak [24]
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4 years ago
A restaurant manager is planning a new layout for the tables in his store. He will be placing tables of 2, tables of 4, and tabl
iris [78.8K]

Answer:

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7 0
3 years ago
***WILL GIVE BRAINLIEST***
sergij07 [2.7K]

Answer:

P(a junior or a senior)=1

Step-by-step explanation:

The formula of the probability is given by:

P (AB) = P(A)  

Where P(A) is the probability of occurring an event A, n(A) is the number of favorable outcomes and N is the total number of outcomes.

In this case, N is the total number of the students of statistics class.

N=18+10=28

The probability of the union of two mutually exclusive events is given by:

Therefore:

P(a junior or a senior) =P(a junior)+P(a senior)

Because a student is a junior or a senior, not both.

n(a junior)=18

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P(a junior)=18/28

P(a senior) = 10/28

P(a junior or a senior) = 18/28 + 10/28

Solving the sum of the fractions:

P(a junior or a senior) = 28/28 = 1

3 0
3 years ago
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