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klasskru [66]
3 years ago
13

Mason took out an $800 loan from the bank. At the end of 5 years, he pays back the principle, plus $120 simple interest. What is

the interest rate? Show your work
Mathematics
1 answer:
kirza4 [7]3 years ago
6 0

Answer:

3% or 0.03

Step-by-step explanation:

120/5=24

24 is 3% of 800.

We can assume that 800 is 100 percent.

That means 1 percent is 8.

24 is 3 percent.

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Find the 52nd number in the sequence<br> 9, 16, 23....
BartSMP [9]

Answer:

366

starts at 9, jumps by 7 each time.

so it's 9 plus 7 times the number if remaining jumps.

51x7= 357

add the origiinal 9, and you get 366

3 0
3 years ago
Can someone please help me-
puteri [66]

Answer:

can be expressed as decimal: 0.025

s= 1.025* $250

 = $256.25

after 8 years

s= $250* 1.025^8

 ~$304.6

earned $54.6

Step-by-step explanation:

2 and a half is equivilant to 2.5

because it is a % (out of 100) move the decimal 2 places down

2.5-->0.25-->0.025

so can be expressed as decimal: 0.025

interest after 1 year is:

original amount of money * (interest rate+1.0)

+1 because you are adding on to 100%. you already have 100%.  if it was just the interest rate, the amount of money would go down.

so

s= 1.025* $250

=1.025* 250

=256.25

interest after 8 years,

that means you have to take the original, and multiply it by the interest rate, then the new original multiply by intrest rate a total of 8 times

to do this use an exponent, because exponents base the total off the total before them. if that makes any sense srry

s= $250* 1.025^8

 ~$304.6  (I used calculator)

to get her earnings, subtract the new amount of money with her original amount of money

304.6-250

=54.6

$54.6

hope this helps

4 0
2 years ago
Read 2 more answers
{(-4,8),(-2,4),(0,1),(2,4),(4,8)}
astraxan [27]

Answer:

Since there is one value of y for every value of x in (−4,8),(−2,4),(0,1),(2,4), ( 4,8), this relation is a function. The relation is a function.

5 0
3 years ago
Find the volume of the prism.<br> 3 cm<br> 37 cm<br> 5 cm
vitfil [10]
The answer to your question is 45
5 0
2 years ago
Is 0.6 60 and 6 equal?
quester [9]

Answer:

Yesss

Step-by-step explanation:

7 0
2 years ago
Read 2 more answers
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