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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%

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Answer:

$4

Step-by-step explanation:

Here is what you can do.

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Find the equation of a line parallel to y = x – 3 that contains the point (-2, 1).<br> Yeah
SashulF [63]

Answer:

The equation of a line parallel to y = x - 3 that contains the point (-2, 1) is:

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The graph of both the parallel equation is shown below to make you further understand the concept.

Step-by-step explanation:

The slope-intercept form of the line equation

y = mx+b

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Given the equation

y = x - 3

comparing with the slope-intercept form of the line equation

Slope m = 1

<u>Important Tip:</u>

  • As the parallel lines never intersect, therefore, they have the same slopes.

Thus, the slope of the parallel line is also 1.

As the parallel line contains the point (-2, 1).

so substitute m = 1 and (-2, 1) in the slope-intercept form of the line equation to determine the y-intercept of the parallel line

y = mx+b

1 = 1(-2) + b        ∵ (x, y) = (-2, 1) and m = 1

1 = -2 + b

switch sides

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add 2 to both sides

-2 + b + 2 = 1 + 2

simplify

b = 3

Thus, the y-intercept b of the parallel line is:  b = 3

now substitute b = 3 and m = 1 in the slope-intercept form of the line equation to determine the  equation of the parallel line

y = mx + b

y = (1)x + 3

y = x + 3

Therefore, the equation of a line parallel to y = x - 3 that contains the point (-2, 1) is:

  • y = x + 3

The graph of both the parallel equation is shown below to make you further understand the concept.

From the graph:

  • The green line represents the equation y = x - 3
  • The black  line represents the parallel equation y = x + 3

It is clear that both lines are parallel.

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