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
frosja888 [35]
3 years ago
11

After 5 years, a $2,450 investment is worth $3,123.75 What is the simple annual interest rate for this investment?

Mathematics
2 answers:
serg [7]3 years ago
5 0

Answer:5.5

Step-by-step explanation:

Given

Principal (P)=2450

After 5 years its worth is 3123.75

So its simple interest is 3123.75-2450=673.75

And Simple interest is given by=\frac{PRT}{100}

Where R=rate of interest

T=time period

673.75=\frac{\left ( 2450\right )\left ( R\right )\left ( 5\right )}{100}

R=5.5 %

enot [183]3 years ago
4 0
Simple interest is just i=prt, where i=interest, p=principle, r=rate, t=time

And that simple interest will be the difference between the final value and the initial value so:

3123.75-2450=2450r*5

673.75=12250r

0.055=r

So the annual simple interest rate (as a percentage) is 100(.055)=5.5%
You might be interested in
What is the common ratio Between successive terms in the sequence? 1.5,1.2,0.96,0.768
lidiya [134]

Answer:

0.8

Step-by-step explanation:

0.768/0.96= 0.8

0.96/1.2 =0.8

4 0
3 years ago
The current temperature in Smalltown is 20 degrees. This is 6 degrees less than twice the temperature(t) that it was six hours a
tia_tia [17]
Sorry , i rlly need the points
6 0
3 years ago
Starting at sea level, a submarine descended at a constant rate to a depth of −4/5 mile relative to sea level in 3 minutes.
kipiarov [429]
(-4/5) / 3 =
-4/5 * 1/3 =
-4/15 mile per minute
5 0
3 years ago
Can you help me plssssss
photoshop1234 [79]
120 square centimeters i think?
8 0
2 years ago
Read 2 more answers
Rose bought 6 pairs of socks for $15.30. Jack bought 10 pairs of socks for $25.00 Part A: Jack says that he paid less per pair o
xz_007 [3.2K]

Answer:

50.4

Step-by-step explanation:

you need to do 15.30 plus 10 which is 15.40 than take that add 25.00 to it and you get 40.4 that 5 plus 5 whixh is 10 ans you get

8 0
3 years ago
Other questions:
  • -4/7(-3/5)(-7/3) whats the answere
    11·2 answers
  • Identify the parent function that can be used to graph the function (x) = - 3x + 2
    10·1 answer
  • If a patient dosage decrease by 25 milligram per day ,how much change will it be in a week?
    9·2 answers
  • Salma is saving money to buy a game. So far she has saved
    7·2 answers
  • Simplify 36/90 need to no the steps the answer is 2/5 just need steps
    10·2 answers
  • Solve the equation 4(3n + 7) = 16
    9·1 answer
  • What is the constant of proportionality?
    14·2 answers
  • Solve<br> 3-**<br> The solution is k=
    12·2 answers
  • WILL GIVE BRAINLIEST-<br> Complete the table to multiply x^2 - 4x + 4 and 6x + 3.
    6·1 answer
  • There are 4 aces and 4 kings in a standard deck of playing cards. you pick one random card at random. What is the probability of
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!