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SIZIF [17.4K]
2 years ago
6

If the simple interest on ​$1000 for 5 years is ​$250, then what is the interest​ rate?

Mathematics
2 answers:
Otrada [13]2 years ago
8 0

Answer:

5%

Step-by-step explanation:

Interest earned=

PV-PV(1+it)

we have

250=1000-1000(1+5i)

solve for i

-750= -5000i

250= -5000i

.05= i

Lerok [7]2 years ago
3 0

Step-by-step explanation:

i=prt

250=(1000)((5)

250= 5000 r

250/5000 = r

r=0.05 or 5% internet rate

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What is the value of x?<br><br> Please help! Thanks!
leonid [27]

Answer:

x=75

Step-by-step explanation:

We can use proportions to solve this problem.  Put the side of the small triangle over the side of the large triangle.

42           50

------ = ----------

42+63        50+x

42           50

------ = ----------

105          50+x

Using cross products

42(50+x) = 50*(105)

2100+42x = 5250

Subtract 2100 from each side

2100-2100+42x = 5250-2100

42x =3150

Divide by 42

42x/42 = 3150/42

x = 75


8 0
3 years ago
Gabriel lives in a state where the sales tax rate is 6.25%. If Gabriel purchase an item for $60.00, how much sales tax does he n
Rina8888 [55]

Answer:

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Step-by-step explanation:

A sales tax rate of 6.25% means that 6.25 cents is going to be charged for tax for each dollar you spend. (Because 6.25% of $1.00 is 6.25 cents.)

If he was spending $10, the sales tax would be 62.5 cents (6.25 cents per dollar x 10 dollars). Since he is spending $60 on this item, the equation would be (6.25 cents per dollar x 60 dollars) (6.25 cents x 60 = 375 cents).

And 375 cents equals $3.75.

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Step-by-step explanation:

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