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
tangare [24]
3 years ago
13

Micah invested $3450 in an account paying simple interest. At the end of 6 years, the value of

Mathematics
2 answers:
tatuchka [14]3 years ago
8 0
Answer: 2.5%

3967.50 - 3450 = 517. 50

i = prt/100

i = 517.50, p = 3450, t = 6

517.50 = 3450 x r x 6/ 100

517.50 = 20700r/100

517.50 = 20700r

517.50/20700 = r

r = 0.025 = 2.5%
Ierofanga [76]3 years ago
3 0
2.5%

To find the total amount of interest for the 6 years, we can do $3967.50 minus $3450 which is 517.5.

Next divide 517.5 by 6 to find the interest every year which is 86.25.

This means that x% of $3450 is 86.25. This can be written as x/100 x $3450 = 86.25
To find x, we divide 86.25 by 3450 to get 0.025
Finally multiply by 100 to get an interest rate of 2.5%.

Hope this helps!
You might be interested in
How many solutions 9x +2y =9 -3x + y=2
Tju [1.3M]

Answer:

4

Step-by-step explanatio

6 0
3 years ago
HELP ME PLZZ I NEED HELP WITH THIS!!!
goldenfox [79]
I believe the answer is letter A
3 0
3 years ago
Read 2 more answers
Help plsssssss no links or files
marishachu [46]

Answer:

i just did that earler lol

Step-by-step explanation:

5 0
3 years ago
The ratio of a to b is 9:2, and the ratio of c to b is 5:3. What is the ratio of a to c?
xz_007 [3.2K]
The answer is that the ratio of a to c is 9/5
8 0
3 years ago
Are the ratios 7:9 and 3:6 equivalent?
Cloud [144]

Answer: No

Step-by-step explanation:

7 0
2 years ago
Other questions:
  • 2/5 ( 1/3 x− 15/8 )− 1/3 ( 1/2 − 2/3 x)
    13·1 answer
  • Can anyone help me with this ?
    14·2 answers
  • A local university accepted 2,300 students out of 4,500 application for admission. What was the acceptance rate, expressed as a
    10·1 answer
  • Which is the better buy?
    14·2 answers
  • How do you convert 12 over 100 to a percentage ​
    13·2 answers
  • I need help big time! Thanks for anyone who can answer this question!
    9·1 answer
  • Lytrisha claims that y= 2x2 + 3 is a function but not a linear function select the statement that supports lytrishas claim
    9·1 answer
  • Need help please. I suck at math and these two are hard
    13·1 answer
  • The temperature in Anchorage, Alaska at 6:00 am was 2°C. If the temperature drops 2 degrees each hour, what is the temperature i
    6·1 answer
  • the graph of a linear function is given below. What is the zero of the function? a) -5. b) 2/5. c) 2. d) 5/2
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!