If you take out a loan for $4,000 and you will owe $4,920 after 2 years, what is the rate of simple interest? Express your answe r as a percentage rounded to the nearest tenth of a percent if necessary, but do not include the percent sign.
2 answers:
Answer:
11.5
Step-by-step explanation:
you have to use this equation to solve it [r = (1/t)(A/P - 1)] and basically just plug the numbers in to get 11.5. (you could also use one of those online calculators)
r = (1/2)((4920/4000) - 1) = 0.115
r = 0.115
Answer:
11.5
Step-by-step explanation:
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5 hours
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75 + 55x = 350
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48
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the square root of 2304 is 48
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