Answer:
The percentage rate is 4.5%.
Step-by-step explanation:
The given formula for simple interest is I=prt where I=simple interest, p=principle, r = percentage rate and t=time. In the problem, we are told that after six years (t=6), $7000 (p=7000) earns $1890 (I=1890). We can then substitute in the values for three of our variable to get the following: 1890 = (7000)(6)r. Multiplying 7000x6 = 42000 giving us 1890 = 42000r. Using inverse operations, we divide both sides of the equation by 42000 to get 0.045 = r. Since r = percentage rate, we need to multiply our decimal by 100 to find the percentage. 0.045 x 100 = 4.5%.
It depends on if the interest rate of 6% is nominal or not. The question doesn't specify. Let's assume that is is a nominal rate, compounded monthly.
Start with 100000 = x * a angle 132 at .5% per month
This becomes 100000 = x * (1-1.005^-132)/.005
Which becomes (100000(.005))/(1 - 1.005^-132) = x
So x is the PMT, which is 1036.70.
Answer:
612000
Step-by-step explanation:
(20*3)*60=360
360*1700=612000
Cheryl can travel 133.92 miles using 6.2 gallons of gas
Assuming you want to choose 4 people from the class of 20;
Begin by using the combinations formula;
20C4=4845 possibilities
Hope I helped :)
