Solve the following using elimination method

If the principal is $300 rate 3% time 4 years then what is the interest earned and the new balance

Tomtit [17]

Answer:

a) Interest earned = $36

New Balance = $336

b) Interest rate = 0.05 or 5%

New Balance = $517.5

c) time t = 5

New Balance = $612.5

d) Principal Amount = $675

New Balance = $783

Step-by-step explanation:

We are given:

a) Principal (P) = $300

Rate (r) = 3% or 0.03

Time (t)= 4 years

Interest earned = ?

The formula used is: $Simple \ Interest (I)= P\times r\times t$

Putting values and finding interest

$Simple \ Interest (I)= P\times r\times t\\Simple \ Interest (I)= 300\times 0.03\times 4\\Simple \ Interest (I)= 36$

So, Interest earned = $36

New Balance = Principal + Interest = 300+36 = $336

b) a) Principal (P) = $300

Rate (r) = ?

Time (t)= 3 years

Interest earned = 67.50

The formula used is: $Simple \ Interest (I)= P\times r\times t$

Putting values and finding rate

$Simple \ Interest (I)= P\times r\times t\\67.50= 450\times r\times 3\\67.50=1350\times r\\r=\frac{67.50}{1350}\\r=0.05 \ or \ 5\%$

So, Interest rate = 0.05 or 5%

New Balance = Principal + Interest = 450+67.50 = $517.5

c) Principal (P) = $500

Rate (r) = 4.5% or 0.045

Time (t)= ?

Interest earned = $112.50

The formula used is: $Simple \ Interest (I)= P\times r\times t$

Putting values and finding time

$Simple \ Interest (I)= P\times r\times t\\112.50= 500\times 0.045\times t\\112.50=22.5 \times t\\t=\frac{112.50}{22.5}\\t=5$

So, time t = 5

New Balance = Principal + Interest = 500+112.50 = $612.5

d) Principal (P) = ?

Rate (r) = 8% or 0.08

Time (t)= 2 years

Interest earned = 108.00

The formula used is: $Simple \ Interest (I)= P\times r\times t$

Putting values and finding Principal

$Simple \ Interest (I)= P\times r\times t\\108=P\times 0.08 \times 2\\108=P\times 0.16\\P=\frac{108}{0.16}\\P=675$

So, Principal Amount = $675

New Balance = Principal + Interest = 675+108 = $783

8 0

3 years ago

Cuantos años hay que tener un capital de 8500 euros a un redito de 3,75% para que produzca un interes de 2868,75 euros?

Rainbow [258]

Respuesta:

9 años

Explicación paso a paso:

Dado :

Capital = Principal, P = 8500 €

Rendimiento, tasa, r = 3,75%

Intereses, i = 2868,75 €

Para obtener el plazo, número de años que se necesitarán para devengar un interés de 2868,75 € sobre un capital de 8500 € al tipo del 3,75%;

Interés = principal * tasa * tiempo

2868,75 € = 8500 € * 0,0375 * t

2868,75 € = 318,75 billones €

t = 2868,75 € / 318,75 €

t = 9

Por lo tanto, tomará un período de 9 años.

4 0

2 years ago

What’s the answer ?

Sliva [168]

Answer:

C) an obtuse triangle

Step-by-step explanation:

Since the main angle (the angle that corresponds to the longest side) is considered to measure more than 90°, it is an obtuse triangle.

7 0

2 years ago

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Identify whether each scenario would be represented by a continuous or discrete graph

serg [7]

Answer: Identify whether each scenario would be represented by a continuous or discrete graph

Step-by-step explanation:

4 0

3 years ago

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Operacion entre fraccionarios cuanto es 8/3 + 5/9 con simplificacion

mash [69]

Answer:

$\frac{29}{9}$

Step-by-step explanation:

$\frac{8}{3} +\frac{5}{9} \\\frac{8*3}{3*3} +\frac{5}{9} \\\\\frac{24}{9} +\frac{5}{9} \\$

Bases iguales se suman

$\frac{24+5}{9} \\\\\frac{29}{9} \\$

5 0

2 years ago