1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Oksanka [162]
3 years ago
8

Sophie borrowed $2000 and took 3 years to repay the loan and $900 interest.

Mathematics
1 answer:
dedylja [7]3 years ago
7 0
I = p * r * n

i is the interest
p is the principal
r is the interest rate per time period
n is the number of time periods.

in your problem:

i = 900
p = 2000
r = what you want to find
n = 3 years

formula becomes 900 = 2000 * r * 3

solve for r to get r = 900 / 2000 / 3 = .15

that's .15 interest rate per year = 15% per year.

at a nominal interest rate of .15 per year, the interest rate per month would be .15/12 = .0125 per month.

the remaining balance at the end of 6 month is equal to 1907.140183

You might be interested in
20. solve the equation by completing the square. round to the nearest hundredth if necessary. x^2+10x=18 a. -11.56, 1.56 b.11.56
larisa86 [58]

The answer was A but  i am found

1.557, -11.557

and hope that helps you

8 0
3 years ago
( 7x + 2x - 3x2 + 9x) + (5x + 8x2 - 6x2 + 2x - 5)​
Elena-2011 [213]

Answer:

-x2+25x-5

Step-by-step explanation:

7x+2x−3x2+9x+5x+8x2−6x2+2x−5

=−x2+25x−5

3 0
3 years ago
This graph represents the path of a baseball hit during practice.
zaharov [31]

Answer:

Step-by-step explanation:

x-coordinate of the vertex is the time the baseball reaches maximum height.

4 0
3 years ago
What is the answer for this please help
Mazyrski [523]

Answer:

graph attached

Step-by-step explanation:

4 0
2 years ago
Divide the equation. ​
Aleksandr-060686 [28]

Answer:

3y+3

Step-by-step explanation:

I hope this works

7 0
2 years ago
Other questions:
  • R
    11·1 answer
  • Tanner has a budgeted no more than $20 a month for entertainment and an additional $15 for possible one-time fees. If Tanner has
    9·1 answer
  • Sarah lost her science book. Her school charges a lost book fee equal to 75% of the cost of the book. Sarah received a notice st
    5·2 answers
  • Can somebody help me?​
    10·1 answer
  • In a survey of 1,011 people age 50 or older, 73% agreed with the statement "I believe in life after death."
    10·1 answer
  • (-1,-9) (8,-7) find the slope of the line through pair of points​
    12·1 answer
  • You have 12 liters of a juice blend that is 25% juice. How many liters of pure juice need to be added in order to make the blend
    11·1 answer
  • CoolTown is having a big chili cook-off and Jeff, Maggi and Heath are all going to enter. Their secret recipes all use chili pow
    10·1 answer
  • 1. 0.000527 = 5.27 x 10-4<br><br> a. The number 0.000527 is a very<br><br> number.
    11·1 answer
  • Help! How do I fill out the box at the top of the page? This isn't making sense (I'm in 7th)
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!