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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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Step-by-step explanation:

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#9 - The Question
melamori03 [73]

Answer:

  12

Step-by-step explanation:

There are many ways to approach this problem. I like a method that uses the least amount of computation. We could figure how much Wendy makes on a bag of chips, the additional amount Wendy wants to make, then divide the latter by the former to find the number of additional bags to sell.

We could use a proportion to figure the number of bags corresponding to $126 in earnings, then subtract the 72 bags already sold. Essentially, we will do this, but without the intermediate numbers.

__

The additional fraction of 72 bags will be ...

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Then Wendy must sell an additional ...

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ss7ja [257]
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726,000 scientific notation<br><br>​
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