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hodyreva [135]
3 years ago
11

gil borrows $8000 for college expenses. he will pay a total of $2280 back in interest after 6 years. what was his interest rate

Mathematics
2 answers:
pashok25 [27]3 years ago
6 0

Answer:

R = 41.8129%/year

Equation:

r = (1/t)(A/P - 1)

Calculation:

Solving our equation:

r = (1/6)((8000/2280) - 1) = 0.41812865

r = 0.41812865

Converting r decimal to R a percentage

R = 0.41812865 * 100 = 41.8129%/year

The interest rate required to get a total amount, principal plus interest, of $8,000.00 from simple interest on a principal of $2,280.00 over 6 years is 41.8129% per year.

Step-by-step explanation:

mars1129 [50]3 years ago
6 0

Answer:

I believe it is 4.75 %

Step-by-step explanation:

2,280 × 100 = 228,000

228,000 / 8,000 = 28.5

28.5/6 = 4.75 %

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Elena-2011 [213]

Answer:

(A) 0.125 probability

(B) 0.625 probability

(C) 660 miles

Step-by-step explanation:

The distance driven by a truck driver daily, falls between 300miles and 700miles and follows a uniform distribution.

(A) The probability that the truck driver goes more than 650 miles a day is:

[700 - 650] / [700 - 300]  = 50/400  = 0.125

(B) The probability that the truck driver goes between 400 and 650 miles a day is:

[650 - 400] / [700 - 300]  = 250/400  = 0.625

(C) The minimum number of miles the truck driver travels on the furthest 10% of days is given thus:

10% of 400  = 40

Subtract this from the farthest distance;

700miles - 40miles  = 660miles

7 0
3 years ago
Dan plans to carpet hiss 288-square-foot living room. How much will it cost if carpeting costs $28 per square yard. (9ft = 1 yd)
Rama09 [41]
It will cost Dan $896
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8 0
3 years ago
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In 2007, the population of Ecuador was estimated at
swat32

Answer:

In 2012 , the population will be 15 million

Step-by-step explanation:

We start by setting up an exponential equation that defines the increase

P(t) = I(1 + r)^t

P(t) represents the present population = 15 million

I is the population in 2007 which is 13.8 million

r is 1.6% = 0.016

t is what we want to calculate

15 million = 13.8 million (1 + 0.016)^t

15/13.8 = (1.016)^t

1.09 = (1.016)^t

ln 1.09 = t ln 1.016

t = ln 1.09/ln 1.016

t = 5.429 which is approximately 5

So in 2007 + 5 = 2012, the population will be 15 million

8 0
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cluponka [151]
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3 0
3 years ago
K-4/3=3<br>please answer my question​
Makovka662 [10]

Answer:

13/3

Step-by-step explanation:

k - 4/3 = 3

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k = 13/3

4 0
3 years ago
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