3 years ago

How much money would produce $70 as simple interest at 3.5% per annum?

Mathematics

1 answer:

yKpoI14uk [10]3 years ago

7 0

Answer:

$2000

Step-by-step explanation:

Simple Interest = $70

Rate = 3.5%

Time = 1

Principal = ?

Simple Interest = (Principal × Rate × Time)/100

Principal = (Simple Interest × 100)/(Rate × Time)

Principal = (70 × 100)/(3.5 × 1)

Principal = 7000/3.5

Principal = 14000/7

Principal = 2000

You might be interested in

CAN SOMEONE help me with my homework, is there an association between extra practice time and being a starting player explain

Flura [38]

The answer would be 18

8 0

3 years ago

there is a college student who wants to buy apples from the local store. the store generally sells about 5 apples for every 2 cu

myrzilka [38]

125 apples sold after 6 hours

3 0

2 years ago

Given = 5-2/3x=1 Prove = x=6 Proof practice

weeeeeb [17]

Answer:

Plug in x

5 - (2/3*6) = 1

3 0

3 years ago

Which equation could generate the curve in the graph below?

nexus9112 [7]

Answer:

Its C boys

Step-by-step explanation:

I graphed all of them and compared

4 0

3 years ago

Read 2 more answers

— 2y – Зу +8 = 8 — 5у – 12

jasenka [17]

Answer:

No Solution.

Step-by-step explanation:

Equality equation:

— 2y – Зу +8 = 8 — 5у – 12 (Given)

-5y + 8 = -4 - 5y (distributive property of equality)

-5y = -12 - 5y (subtraction property of equality)

= -12 (addition property of equality)

when you add 5y on both sides it cancels the 5y out, it's no solution.

Ace-The Kid Laroi

6 0

3 years ago