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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.

You might be interested in
1) 2x – y = 1
aleksandrvk [35]

Answer:

1) (2, 3)

2) (2, -5).

Step-by-step explanation:

2x – y = 1

2x +2y = 10   Subtract to eliminate  the 2x:

2x - 2x - y - 2y = 1  - 10

-3y = -9

y = 3.

Plug this into the first equation:

2x - 3 = 1

2x = 4

x = 2.

2)

5x – y =15

x + y = -3     Adding to eliminate y:

5x + x - y + y = 15 + -3

6x = 12

x = 2

Plug this into the first equation:

5(2) - y = 15

-y = 15 - 10 = 5

y = -5.

6 0
3 years ago
How many terms are there in a geometric series if the first term is 4, the common ration is 3 and the sum of the series is 160
Marina CMI [18]
\bf \qquad \qquad \textit{sum of a finite geometric sequence}
\\\\
S_n=\sum\limits_{i=1}^{n}\ a_1\cdot r^{i-1}\implies S_n=a_1\left( \cfrac{1-r^n}{1-r} \right)\quad 
\begin{cases}
n=n^{th}\ term\\
a_1=\textit{first term's value}\\
r=\textit{common ratio}\\
----------\\
a_1=4\\
r=3\\
S_n=160
\end{cases}

\bf 160=4\left( \cfrac{1-3^n}{1-3} \right)\implies 160=4\left( \cfrac{1-3^n}{-2} \right)\implies 160=-2(1-3^n)
\\\\\\
160=2(3^n-1)\implies \cfrac{160}{2}=3^n-1\implies 80=3^n-1
\\\\\\
81=3^n~~
\begin{cases}
81=3\cdot 3\cdot 3\cdot 3\\
\qquad 3^4
\end{cases}\implies 3^4=3^n\implies 4=n
3 0
3 years ago
Help pleaseeee!!!! Geometry
puteri [66]
Tan x=opposite/adjacent
cot x=adjacent/opposite

so you need to inverse the fraction
tan x=.78 as a fraction is 78/100
-> inversed= 100/78=1.28=cot x

so it is the second option
8 0
3 years ago
9 ounce box of strawberry gelatin cost 0.90 in a 6 ounce box cost 0.42 what is the difference in cost per ounce between the larg
Gelneren [198K]

Answer:

what does the fox

Step-by-step explanation:

rhfiuafb  iuf9ednf kmbfgiu

8 0
3 years ago
Read 2 more answers
3. Which statement below is the conclusion
Marrrta [24]

Answer:

a number hahah

Step-by-step explanation:

as i guess i think haha

8 0
3 years ago
Read 2 more answers
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