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pogonyaev
3 years ago
9

Joe borrowed $8,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 5 years?

Mathematics
2 answers:
belka [17]3 years ago
8 0
Joe would be paying $700 in 5 years time.

Explanation:

($2,000)(0.07/year)(5 years)
= ($2,000)(0.07)(5)
= $700
steposvetlana [31]3 years ago
6 0

Answer: 700

Step-by-step explanation:

From the Formula:

I = Pin

where : I - interest

P - principal

i - the interest rate

n - the number of years

I = Pin, plug in the given data as provided in the problem.

P = $2,000

i = 0.07 per year

n = 5 years

I = ($2,000)(0.07/year)(5 years)

= ($2,000)(0.07)(5)

= $700

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Cerrena [4.2K]
15% reason 75 minus 60=15
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2 years ago
If h(a)= 3a+5 and h (a) = 27 the what is the value of a?
anzhelika [568]

Hey there!

Okay, so when you get a problem like this, all you need to do in insert the given value into the function and solve.

For example:

As you can see, they state that <em>(a) = 27, </em>so you insert 27 in for a in the function and it will look like this:

h(27) = 3(27) + 5

Now you solve on the right side of the equal sign:

3(27) = 81 (you multiply them)

81 + 5 = 86

When you plug the value of 27 in for a in this function, your output is equal to 86.

3 0
2 years ago
Read 2 more answers
Below are the supply and demand equations for umbrellas in a certain market. in these equations, p represents price, d represent
timurjin [86]

The value of price (p) at a point of equilibrium is 13.4. Then the correct option is C.

<h3>What is the linear system?</h3>

A Linear system is a system in which the degree of the variable in the equation is one. It may contain one, two, or more than two variables.

The equation of the demand (D) and supply (S) is given below.

\rm D = -\dfrac{4}{3}p +22\\\\S \ = 3p -36

Where p is price.

At equilibrium, we have

D = S

Then

\begin{aligned} \dfrac{4}{3}p +22 &=  3p -36\\\\3p + \dfrac{4}{3} p &= 36 + 22\\\\\dfrac{13}{3}p &= 58\\\\p &= 13.38 \approx 13.4 \end{aligned}

More about the linear system link is given below.

brainly.com/question/20379472

6 0
1 year ago
Which of the following represents "a number less ten is twenty-two"?
nadya68 [22]
10 < 22 or 22 > 10.
7 0
2 years ago
A company that sells seeds wants to check that at least 90% of its corn seeds are viable. An independent testing lab plants 1000
ki77a [65]

Answer:

The data claims that 90% of the seeds are viable meaning that 90% of the seeds are likely to germinate and grow into healthy plants under good conditions.90% 0f 1000seeds gives 900seeds,and 903seeds germinated so the claim is true

Step-by-step explanation:

Total number of seeds=1000

Seeds that germinate =903

90% of 1000=>90/100×1000 =900seeds.

6 0
3 years ago
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