Find the rate if a principal of $1,800 earned $378 interest in 6 years

Answers

Answer 1

Answer:

Interest rate (r ) = 0.035 or 3.5%

Step-by-step explanation:

Given the principal amount of $1,800, and an interest payment of $378 earned in 6 years:

Use the simple interest formula and algebraically solve for variable, interest rate, r :

I  =  P × r × t

Where:

I = interest payment = $378

P = principal amount = $1,800

t = time (in years) = 6

r = interest rate

Divide both sides by P × t to isolate r :

[tex]\displaytext\sf{\frac{I}{P\:\times\:t}\:=\:\frac{P\:\times\:r\:\times\:t}{P\:\times\:t}}[/tex]

[tex]\displaytext\sf{interest\:rate\:(r)\:=\:\frac{I}{P\:\times\:t}}[/tex]

Substitute the given values into the formula for the interest rate:

[tex]\displaytext\sf{interest\:rate\:(r)\:=\:\frac{378}{1800\:\times\:6}\:=\:\frac{378}{10800}}[/tex]

Interest rate (r ) = 0.035 or 3.5%

Therefore, the interest rate is 3.5%.


Related Questions

The volume of a gas in cubic centimeters, V, varies inversely with the
pressure of the gas in liters per square centimeter, p.
When the volume of the gas is 16 cm, its pressure is 20 L/cm2. Find the
volume of the gas when the pressure is 2.5 L/cm2
A. 322.5 cm
B. 800 cm3
C. 128 cm3
D. 0.008 cm

Answers

Answer:

C. 128 cm³

Step-by-step explanation:

16(20) = 320

320/2.5 = 128 cm³

The question in the image! Please hurry :D

Answers

Answer:

8.85 * 10 ^17

Step-by-step explanation:

8.2 * 10 ^17 + 6.5 * 10 ^16

They must be to the same power to add

8.2 * 10 ^17 + .65 * 10 ^17

Add

8.85 * 10 ^17

What is the output of a function when tha input is -9

Answers

Answer: f(-9)

Step-by-step explanation:

A function is described in the form of f(x)

Therefore, if this is how a function is stated we have x as the input.

Here, the x is equal to -9

So now:

f(-9) after substitution.

simplify 4 whole 2/7 + 5/7

Answers

Answer:

1

Step-by-step explanation:

2/7+5/7=7/7=1 because 7/7 would be a 1 whole

Answer:

35/7

Step-by-step explanation:

4 = 28/7

28/7 + 2/7 + 5/7 = 35/7

Mathew basketball team won 68% of the games they played if they won 17 games how many did they play

Answers

Answer:

25

Step-by-step explanation:

turn 68% into a decimal (or keep as a percentage, your choice) and divide

17 divided by 0.68 (68% as a decimal) = 25

help please im mark brainliest I just need to get this finish asap!

Answers

Answer:

See below

Step-by-step explanation:

1. A

2. F

3. G

4. I

HELPP!!! I have a root test for a series but it's in n/2 power, help me out please ?

Answers

The answer is square root of 2/5

help pls//////////////////

Answers

Answer:

  x = 6

Step-by-step explanation:

12(x -2) +3x = 1/3(x +12) +10x

12x -24 +3x = 1/3x +4 +10x . . . . . eliminate parentheses

15x = (10 1/3)x +28 . . . . . . . . . . add 24, collect terms

(4 2/3)x = 28 . . . . . . . . . . . . . subtract 10 1/3

x = (3/14)(28) = 6 . . . . . . . . multiply by 1/(4 2/3) = 3/14

The value x=6 satisfies the equation.

Julie has 300ml of juice, She gives of the juice away.
How much juice does she give away?

Answers

Answer: Up to 300 ml because that is all she has in total. I think the question is missing parts.

Step-by-step explanation:

Help what is thisss
GIVING OUT BRAINLY IF U ANSWER
idc if sum r wrong

Answers

Answer:

it is a b and c

Step-by-step explanation:

What is the equation of this line?
A. y= x - 3 =
B. y=-x-3 =
C. y= -2x - 3
D. y=2x-3 - - 3​

Answers

do you have a picture of the line ?

Need help with this 3 questions

Answers

Answer:

  68. (-1, 0)

  69. (0, 2)

  70. (2, -1)

Step-by-step explanation:

The solution is the ordered pair (x, y) where the lines intersect. The graphs have no scale, so we must assume 1 grid space corresponds to 1 unit.

The first coordinate of the pair is the horizontal distance from the y-axis. Positive is to the right. The second coordinate of the pair is the vertical distance from the x-axis. Positive is up.

68. The point of intersection is 2 left of the origin on the x-axis. x=-2, y = 0.

  (x, y) = (-2, 0)

__

69. The point of intersection is 2 up from the origin on the y-axis: y = 2, x = 0.

  (x, y) = (0, 2)

__

70. The point of intersection is 2 right and 1 down from the origin: x = 2, y = -1.

  (x, y) = (2, -1)

_____

It is a good idea to learn to read the coordinates of a point from a graph. You will be doing it a lot in your math courses.

Solve for x: 49.98+12x=61.98+7x

Answers

Answer:

X=2.436

Step-by-step explanation:

1.
Find the value of 5x? if x = -3.

Answers

Answer:

-15

Step-by-step explanation:

5 * -3 = -15

x = -3

5x = 5(-3)

5(-3) = -15

Ayaan travels 90 miles at an average speed of 60 mph.
She then travels a further 40 miles.
The average speed for the entire journey is 59 mph.
Assuming Ayaan didn't stop, what was her average speed for the final 40 miles to 2 dp?

Answers

Step-by-step explanation:

Speed = distance / time

Thereafter,

Distance :-

90 miles + 40 miles = 130 miles

Time :-

90 / 60 + 59 = 60.5 mph

Average Speed :-

130 / 60.5 = 2.148

PLEASE HELP !!! PICS DOWN BELOW

Answers

Answer:

262.25 $

Step-by-step explanation:

Find the volume of the following square pyramid.

Answers

Check the picture below.

[tex]\textit{volume of a pyramid}\\ V = \cfrac{Bh}{3}~~ \begin{cases} B = \stackrel{\textit{area of its base}}{50\times 50}\\ h = \stackrel{\textit{its height}}{60} \end{cases}\qquad \implies V = \cfrac{50\cdot 50\cdot 60}{3}\implies \boxed{V= 50000}[/tex]

Just give me the answer please

Answers

Answer:

what

Step-by-step explanation:

Answer:

Appologies but Why do you have pOn open?

Step-by-step explanation:

umm that is inapropriate but idrc

If the function f (x) is defined by f(x) =x over 2 minus 6

Answers

Depending on how it is written, it could be either of these following solutions:

f(x) = x/2 - 6     or     f(x) = x/(2-6)

For the first, we solve for x by replacing f(x) with 0

x/2 - 6 = 0

x/2 = 6

x = 3

For the second, do the same

x/(2-6) = 0

x/-4 = 0

x = 0

If your income is constant, what will happen to your savings when your expenses increase?

PASAGOT PO!!!!!

Answers

Okay, suppose your income is about $100.

You might spend $70 & save $30.

Now, suppose your income remains constant at $100 but your expenses go up to, say, $90. You can see that your savings will reduce or decrease. Now, you'll only have about $10 to save.

=》 So, if your income is constant, then your savings will 'decrease' when your expenses increase.

_______

RainbowSalt2222 ☔

The mean of 4 numbers is 40, what is the sum of the 4 numbers

Answers

Answer:

the sum of 4 numbers is 160

Step-by-step explanation:

Let 4 numbers be a, b, c, d

Mean of those 4 numbers is: (a+b+c+d) : 4 = 40

So the sum of 4 numbers is: (a+b+c+d) = 40 x 4 = 160

=> 160 is the sum of 4 numbers

Lindsey went to best buy and bought an MP3 Player. If the MP3 Player costs $78.99 and the sales tax was 6.5%, what was her total bill?

Answers

Answer:

$84.12

Step-by-step explanation:

78.99 x 0.065 = 5.13

78.99 + 5.13 = 84.12

What is the y-intercept of the line shown?

Answers

Answer: 4

Step-by-step explanation:

It crosses on the y axis at the point (0,4)

Answer:

4

Step-by-step explanation:

The y-intercept of the line shown is 4.

Hope this helps :)

x + ( -22 ) = 31
x = ?​

Answers

Answer :

x + ( -22 ) = 31

x = ?

Answer :

x = 31 - ( -22 )

x = 31 + 22 =

x = 53

x = 53 ✔️

Answer:

52

Step-by-step explanation:

x + (-21)=31

x-21=31

x=31+21

x=52

This population chart represents linear or exponential growth?

•linear
•exponential

Answers

This is Linear graph.

Linear graph is represented in the form of a straight line. ... If the graph of any relation gives a single straight line then it is known as a linear graph. The word "linear" stands for a straight line. The linear graph is a straight line graph that is drawn on a plane connecting the points plotted on x and y coordinates.

- BRAINLIEST answerer

A. Direction: Arrange the given number tiles in a correct order to make it divisible to the given number. Apply the divisibility rules. Given Answer 3 8 4 3 2 9 1 6 8 3 8 3 8 0 5 1. Divisible by 8 2. Divisible by 4 3. Divisible by 11 4. Divisible by 12 5. Divisible by 4 6. Divisible by 8 7. Divisible by 11 8. Divisible by 12 9. Divisible by 4 10. Divisible by 8 7. 2 5 4 5 9 1 0 4 7 6 4 1 6 2 1​

Answers

Sorry i don’t understand its a bit confusing

(-7)(1.2) multiplying rational numbers

Answers

Answer:

-119

Step-by-step explanation:

Answer:

-8.4

Step-by-step explanation:

-7 x 1.2

HEHEHEHE HELP LOL IM NOT SMART ENOUGH FOR THIS 3

Answers

a is an absolute value if it is greater than zero. This simply means that an absolute value number will always be greater than zero. This is because absolute value is the distance from 0 on a number line. Keep in mind that distance cannot be negative. For example, look at the numbers 5 and -5. 5 is 5 spaces from 0, and -5 is also 5 spaces from 0, not -5 spaces from 0. Put simply, an absolute value number that is greater than 0, will always be positive.

Feel free to mark Brainliest!

6= 2(y+2) i need help on this

Answers

Y = 1
This the answer just trust

help asap whoever right get brainiest

Answers

Answer:

EF

Step-by-step explanation:

I think the answer is EF because turning the line counterclockwise and 80 degree angle would be that.

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