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
tankabanditka [31]
3 years ago
14

If the simple interest on ​$3,000 for 8 years is ​$1,680​, then what is the interest​ rate?

Mathematics
1 answer:
madam [21]3 years ago
8 0

We need to use the formula for simple interest which is
I= prt
Where I is the amount of money you earned or pay in interest
p is the principal, the amount you deposited or borrowed
r is the interest rate expressed as a decimal
t is time in terms of years

In this problem, I= 1,680
p= 3000
t= 8
'. r is what we are looking for.

Substituting the numbers into the simple interest formula, we get
I=. p r t
1,680=(3000)(r)(8). Multiplying
1,680= 24,000r Divide both sides by 24,000
0.07= r
So, the percentage is (0.07)(100)= 7%...
You might be interested in
Q(p) = p - 11, Find q(5p+4)​
deff fn [24]

Answer:

Step-by-step explanation:

1. Substitute p for 5p+4

2. 5p+4-11

3. 5p-7

4 0
3 years ago
Solve for x. 4−(2x+4)=5
WITCHER [35]

4-(2x+4)=5\\-2x-4=1\\-2x=5\\x=-2.5

Put it back into the equation,

4-(2x+4)=5\\4-(2(-2.5)+4)=5\\4-(-5+4)=5\\4-(-1)=5\\5=5

⭐ Please consider brainliest! ⭐

✉️ If any further questions, inbox me! ✉️

3 0
3 years ago
What is the fraction that is equal to 0.534
Mandarinka [93]

Answer:

267/500

Step-by-step explanation:

0.534 = 534 / 1000

Simplify to 267/500

3 0
3 years ago
Read 2 more answers
Tabo earns k4200 per month. His budget is k2500 for food, k300 for rent, k150 for clothes and k100 for other things. (a) how muc
Mademuasel [1]

Answer:

a) K3050 and b) K1150

Step-by-step explanation:

a) Add all his expenditures

i.e: K300+K150+K100

=K3050

b) Subtract the remaining of his spendings from the total

i.e: K4209 - K3050

=K1150

3 0
2 years ago
Evaluate.<br>4-6(3-5)1-3<br>​
CaHeK987 [17]

Answer:

13

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
Other questions:
  • Which equation best represents a trend line for the scatter plot?
    7·1 answer
  • Charles ran 3 miles in 15 minutes. At that rate, how long would it take him to run 8 miles?
    7·2 answers
  • What does a small MAD tell you about a set of data
    14·1 answer
  • A total of 312 tickets were sold for the school play. They were either adult tickets or student tickets. The number of student t
    9·1 answer
  • Add (7x^6+10x^2-10)+(3x^6-6x^3+4)
    11·2 answers
  • What is the domain of the function y= x +4?<br> -0 -4 O 0 4
    5·1 answer
  • Name the decimal and fraction for R on the number line.
    14·2 answers
  • Identify the algebraic expression that represents the word phrase "7 less than a number
    14·1 answer
  • Rename 3/4 and 9/10 using the least common denominator
    13·1 answer
  • What is 45 divided by0.20
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!