1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natalija [7]
3 years ago
14

A loan worth $1000 collects simple interest each year for 6 years. At the end of that time, a total of $1270 is paid back. Deter

mine the percentage rate for this loan?
Mathematics
1 answer:
Korolek [52]3 years ago
5 0

Answer:

The percentage rate is 4.5%

Step-by-step explanation:

The simple interest earned in this situation is $1270 - $1000, or $270.

the simple interest formula is i =prt.

Here, i = $270 = ($1000)(r)(6 yr).

                $270

Then r = ------------------- = 0.045

                $1000(6 yr)

The percentage rate is 4.5%

You might be interested in
How do u graph x+y=-2​
sdas [7]

Answer:

The answer is

y =  - x - 2

Step-by-step explanation:

The problem is

x + y =  - 2

First we have to bring x to the other side se we subtract x from both sides

x + y =  - 2 \\  - x \:  \:  \:  =  - 2 - x

Then we have to put it in order so the answer is

y =  - x - 2

4 0
3 years ago
In how many ways can a class of 10 students be assigned 1 a, 2 b;s
nalin [4]
2.b..........................
6 0
3 years ago
Read 2 more answers
Which fraction is equal to 0.3 A. 3/10 B. 1/30 C. 1/3 D. 1/100 I'm bad at fractions!
zalisa [80]
The answer is A. 3/10
8 0
3 years ago
Read 2 more answers
What can this simplify to?
Mkey [24]
<u>→ Chapter : Exponentiation ←</u>
<u><em>≡ We know that:</em></u>
⇔ \frac{a^{x}}{a^{y}}=a^{(x-y)}
⇔ \frac{1}{a^{-b}}=a^{b}

<u><em>≡ Solution:</em></u>
⇒ \frac{4^{2}g^{3}p^{-2}}{4^{5}g^{12}m^{-5}}
⇒ [4^{(2-5)}].[g^{(3-12)}].[p^{-2}].[m^{5}]
⇒ [4^{-3}].[g^{-9}].[p^{-2}].[m^{5}]
∴ \boxed{\frac{1}{64}g^{-9}p^{-2}m^{5}} or \boxed{\frac{m^{5}}{64g^{9}p^{2}}}

7 0
3 years ago
Forty five percent of middle schools have a horse as a mascot. If there are 420 middle schools how many have a horse as a mascot
allochka39001 [22]
189
Because you have to turn it into a percentage in order to know how many per 1 percent. So multiply 420 by 100 and get 4.2 then you multiply it by 45 and you get 189 so 179 schools have a horse mascot
3 0
3 years ago
Other questions:
  • Solve 235 + 123 on a number line
    8·1 answer
  • Use a net to find the surface area of the right triangular prism shown below: Three rectangles next to each other with a width o
    11·1 answer
  • What is the value of y in the equation 5x+2y=20, when x=0.3
    14·1 answer
  • Help really quick pleaseee and thankss :)
    14·1 answer
  • Asap!! help me giving brainliest! No guessing.
    6·2 answers
  • You simple interest to find the tax principle 72463 interest-rate 5% time eight years what’s the tax
    14·1 answer
  • I only have 4 options which are<br> 38<br> 40<br> 42<br> 46<br> i dont know which one to pick
    13·1 answer
  • ¿cuáles son los criterios de congruencia y semejanza de triángulo?
    12·2 answers
  • What is the surface area of the rectangular prism?<br><br> Help plz
    6·1 answer
  • Please help, I am bad at Trig
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!