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icang [17]
3 years ago
13

Suppose that you borrow $3000.00 from a friend and promise to pay back $4935.00 in 3 years. What simple interest rate will you p

ay? The simple interest rate is % (Round to the nearest tenth as needed.)​
Mathematics
1 answer:
Amiraneli [1.4K]3 years ago
7 0

Answer:

the simple interest rate is 18.00%

Step-by-step explanation:

The computation of the simple interest rate is shown below:

Amount = Principal × (1 + rate)^years

$4,935 = $3,000 × (1 + rate)^3

After solving it, the rate of percentage is 18.00%

Hence, the simple interest rate is 18.00%

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Line segment AB has endpoints A(-1.5, 0) and B(4.5 8). Point C is on line segment AB located at (0, 2)
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Answer:

The ratio of AC/CB=1/3

Step-by-step explanation:

We use the section formula:

(\frac{mx_2+nx_1}{m+n},\frac{my_2+ny_1}{m+n})

We substitute the point A(-1.5,0) and B(4.5,8).

We plug in the points to get:

(\frac{4.5m - 1.5n}{m+n},\frac{8m+n \times 0}{m+n})

This is supposed to be equal to: (0,2).

(\frac{4.5m - 1.5n}{m+n},\frac{8m+n \times 0}{m+n}) = (0,2)

We can equate, corresponding coordinates to find m and n.

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This implies that:

4.5m - 1.5n = 0

4.5m  = 1.5n

\frac{m}{n}  =  \frac{1.5}{4.5}

\frac{m}{n}  =  \frac{1}{3}

Therefore the ratio is m:n=1:3

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