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
Aleks [24]
3 years ago
15

If the simple interest on ​$7,000 for 7 years is ​$2,940​, then what is the interest​ rate?

Mathematics
2 answers:
Maslowich3 years ago
5 0
Answer

I (Interest) = $1,440.60

Explanation:

First, converting R (rate) percent to r a decimal r = R/100 = 2.94%/100 = 0.0294 per year, then, solving our equation.

I = 7000 x 0.0294 x 7 = 1440.6
I = $1,440.60

The simple interest accumulated on a principal of $7,000.00 at a rate of 2.94% per year for 7 years is $1,440.60.
ddd [48]3 years ago
4 0

~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\dotfill & \$2940\\ P=\textit{original amount deposited}\dotfill & \$7000\\ r=rate\to r\%\to \frac{r}{100}\\ t=years\dotfill &7 \end{cases} \\\\\\ 2940=7000(\frac{r}{100})(7)\implies \cfrac{2940}{7000(7)}=\cfrac{r}{100}\implies \cfrac{3}{50}=\cfrac{r}{100} \\\\\\ 300=50r\implies \cfrac{300}{50}=r\implies \stackrel{\%}{6}=r

You might be interested in
Billy jogs 4/5 kilometers every minute how many kilometers does he jog after 6 1/8 minutes
finlep [7]

Answer:

He jogs 4 9/10 kilometers in 6 1/8 minutes

Step-by-step explanation:

If you multiple 4/5 time 6 1/8 you'll get 4.9, which in fraction form is 4 9/10.

6 0
3 years ago
4-Fui al supermercado y había un descuento del 15% en el total de la compra, si pagaba en efectivo. Gasté $ 2.400. ¿Qué cantidad
Grace [21]

Answer:

$2.040

Step-by-step explanation:

Para calcular la cantidad que fue abonada en realidad, debes encontrar el valor del descuento calculando el 15% del valor total de la compra y este resultado se debe restar del total:

$2.400*15%= $360

$2.400-$360= $2.040

De acuerdo a esto, la cantidad abonada en realidad es: $2.040.

6 0
3 years ago
Solve for y.<br> 22mm+15mm+(4y+12)mm=180 degrees
AURORKA [14]

Answer:

y =  45/m^2  −  49/4

Isolate the variable by dividing each side by factors that don't contain the variable

3 0
3 years ago
The ratio of boys to girls in a group is 5:3. If there are 18 more boys than girls, work out how
zmey [24]
<h3>Answer:  72 people total</h3>

45 boys, 27 girls

============================================================

Explanation:

g = number of girls

g+18 = number of boys, since there are 18 more boys than girls

For example, if g = 7, then g+18 = 7+18 = 25. In this example, we have 7 girls and 25 boys. The problem with this example is the ratio of boys to girls is 25:7 which is not equal to 5:3

We could use trial and error until we land on the solution, or we can use algebra as shown in the next section.

-------------------

The ratio of boys to girls is 5:3, meaning

(number of boys)/(number of girls) = 5/3

which turns into

(g+18)/g = 5/3

after we make the proper substitutions

Let's solve for g

(g+18)/g = 5/3

3(g+18) = 5g

3g+54 = 5g

54 = 5g-3g

54 = 2g

2g = 54

g = 54/2

g = 27

There are 27 girls.

This leads to,

g+18 = 27+18 = 45

So there are 45 boys

In total, we have 27+45 = 72 people

-----------------------------

Checking the answer:

The claim is that 45/27 is the same as 5/3

For now assume that claim is true. Set the fractions equal to each other and use cross multiplication like so

45/27 = 5/3

45*3 = 27*5

135 = 135

The third equation has the same thing on both sides, so it's a true equation. This must mean the first equation is true as well. Therefore, 45:27 and 5:3 are the same ratio and the answer is confirmed.

You could also use your calculator to note that

45/27 = 1.667

5/3 = 1.667

both decimal values are approximate.

8 0
3 years ago
What is 1/2 divided by 3/4
My name is Ann [436]

Answer:

4/6=2/3

Step-by-step explanation:

3 0
3 years ago
Other questions:
  • *44 POINTS*
    5·1 answer
  • 7. 3x +1 =5x simplified​
    8·2 answers
  • The American Community Survey is completed by the US Census Bureau to obtain information about households in the US. One variabl
    8·1 answer
  • What is the word form of 872,403,159
    15·2 answers
  • HELP PLEASE THIS IS DUE TODAY
    7·1 answer
  • Please help ill give brainliest
    6·2 answers
  • If the cost of 819.73 for full cover insurance for a female and a male is 1192.64 what is the percentage?
    7·1 answer
  • Aidan buys 3 bicycles for $252. Each bicycle was the same price.
    6·2 answers
  • (-4, -7) , (-1,0) how to solve this geometry
    6·1 answer
  • Find the volume of a cone with a diameter of 12 m and a height of 7m.
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!