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3 years ago

An account earns simple interest. Find the annual interest rate. Interest = $60 principle = $500 time = 2 years Please help!!

Mathematics

1 answer:

Step2247 [10]3 years ago

3 0

Answer:

A = $560.00

Step-by-step explanation:

I = A - P = $60.00

Formula:

$A = P(1 + rt)$

First, converting R percent to r a decimal

r = R/100 = 6%/100 = 0.06 per year.

Solving our equation:

A = 500(1 + (0.06 × 2)) = 560

A = $560.00

The total amount accrued on a principal of $500.00 at a rate of 6% per year for 2 years is $560.00.

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Answer:

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Step-by-step explanation:

46.7 rounds to about 47

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3 years ago

Read 2 more answers

1. What is the slope between the points (2,-5) and (8,3)? *<br><br> Show work please

hjlf

Answer:

$\sf m = \dfrac{4}{3}$

Step-by-step explanation:

Given, $\sf (x_1, ~ y_1)$ = (2, -5) and $\sf (x_2, ~ y_2)$ = (8, 3)

The slope formula is, $\sf m = \dfrac{y_2 - y_1}{x_2 - x_1}$

$\sf m = \dfrac{3 - (-5)}{8 - 2}$

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2 years ago

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Answer:

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Step-by-step explanation:

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Here is the math:

8.5 * 5 = 42.5

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3 years ago

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Answer:

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Step-by-step explanation:

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