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Sergeeva-Olga [200]
2 years ago
9

if mike invests 2000 in the bank at a simple interest rate of 5.3% for 10 years how much interest will he make?

Mathematics
1 answer:
Tems11 [23]2 years ago
6 0

Answer:

$1060

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 5.3%/100 = 0.053 per year,

then, solving our equation

I = 2000 × 0.053 × 10 = 1060

I = $ 1,060.00

The simple interest accumulated

on a principal of $ 2,000.00

at a rate of 5.3% per year

for 10 years is $ 1,060.00.

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C

Step-by-step explanation:

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If two of these shapes are randomly chosen, one after the other without replacement, what is the probability that the first will
aleksandrvk [35]

Answer:

P(T\ n\ S) = \frac{1}{14}

Step-by-step explanation:

*Missing Part of the Question*

4 stars

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P(S) = \frac{3}{14}

Recall that

P(T\ n\ S) = P(T) * P(S)

P(T\ n\ S) = \frac{5}{15} * \frac{3}{14}

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P(T\ n\ S) = \frac{1}{14}

3 0
3 years ago
Ajay bought a fan and a heater for rs 4000. He sold the fan at a profit of a 25% and the heater at a loss of 5%. If he gained 7%
Alborosie

Answer: Heater -Rs 2400; Fan- Rs 1600

Step-by-step explanation:

Given

Ajay bought a fan and a heater for Rs 4000

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Total profit is 7% i.e. 0.07\times 4000

\therefore 0.07\times 4000=0.25x-0.05(4000-x)\\\Rightarrow 280=0.25x-200+0.05x\\\Rightarrow 480=0.3x\\\Rightarrow x=1600

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Price of fan is Rs.\ 1600

Price of heater is Rs.\ 2400

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