The simple interest formula allows us to calculate I, which is the interest earned or charged on a loan. According to this formula, the amount of interest is given by I = Prt, where P is the principal, r is the annual interest rate in decimal form, and t is the loan period expressed in years. The rate r must be converted from a percentage into decimal form.

Then, 2,000 = 1,000 * r * 10 ;

Finally, r = 2 ÷ 10 = 20 ÷ 100 = 0.2

hope this helps you

8 0

3 years ago

Last year at a certain high school, there were 125 boys on the honor roll and 80 girls on the honor roll. This year, the number

Elodia [21]

Answer:

6.8% decrease

Step-by-step explanation:

a drop of 8% means that only 92% of 125 boys remained on honor roll from last year; .92 x 125 = 115

a drop of 5% means that only 95% of 80 girls remained on honor roll from last year; .95 x 80 = 76

total number of students on honor roll last year = 125 + 80 = 205

total number of students on honor roll this year = 115 + 76 = 191

percent of change = (191 - 205) ÷ 205 = -14/205 = -.068

-.068, which represents a 6.8% decrease

3 0

2 years ago