Answer:
James town is 5 meters higher than Takoradi .
Step-by-step explanation:
Given:
Height of James town = 2 meters below sea level
Height of Takoradi town = 7 meters below sea level
To find:
How much higher is James town that Takoradi = ?
Solution:
As we can see the standard of height is how much the town is below the sea level.
So, the height of town having lesser value will be at a higher level.
Value of Height of James town is lesser than that of Takoradi town.
Therefore, James town is at a higher level.
Difference of height = 7 meters - 2 meters = 5 meters
So, the answer is:
James town is 5 meters higher than Takoradi.
Max believes that the sales of coffee at his coffee shop depend upon the weather. He has taken a sample of 5 days. Below you are given the results of the sample.
Cups of Coffee Sold Temperature
350 50
200 60
210 70
100 80
60 90
40 100
A. Which variable is the dependent variable?
B. Compute the least squares estimated line.
C. Compute the correlation coefficient between temperature and the sales of coffee.
D. Predict sales of a 90 degree day.
Answer:
1. cups of coffee sold
2.Y = 605.7 - 5.943x
3. -0.952
4. 70.84
Step-by-step explanation:
1. the dependent variable in this question is the cups of coffee sold
2. least square estimation line
Y = a+bx
we have y as the cups of coffee sold
x as temperature.
first we will have to solve for a and then b
∑X = 450
∑Y = 960
∑XY = 61600
∑X² = 35500
∑Y² = 221800
a = ∑y∑x²-∑x∑xy/n∑x²-(∑x)²
a = 960 * 35500-450*61600/6*35500-450²
a = 6360000/10500
= 605.7
b = n∑xy - ∑x∑y/n∑x²-(∑x)²
= 6*61600 - 450*960/6*35500 - 450²
= -5.943
the regression line
Y = a + bx
Y = 605.7 - 5.943x
3. we are to find correlation coefficient
r = n∑xy - ∑x∑y multiplied by√(n∑x²-(∑x)² * (n∑y² - (∑y)²)
= 6*61600 -960*450/√(6*35500 - 450²)*(6*221800 - 960²)
=-62400/√4296600000
= -62400/65548.5
= -0.952
4. we have to predict sales of a 90 degree day fro the regression line
Y = 605.7 - 5.943x
y = 605.7 - 5.943(90)
y = 605.7 - 534.87
= 70.84
find the area of square whose side is 2.5 cm
Answer:
6.25
Step-by-step explanation:
2.5 *2.5=6.25
Answer:
6.25cm^2.
Step-by-step explanation:
To find the area of a square, you multiply the two sides, 2.5✖️2.5.
This gives the area of 6.25cm^2.
Hope this helped!
Have a nice day:)
if given the diameter how can you find the radius
Answer:
Divide the diameter by 2.
Step-by-step explanation:
The radius of any circle is always the end to the center.
The diameter is a point of the circle to the opposite side.
This means that the diameter is twice the size of the radius, so to find the radius from the diameter, divide the diameter by 2.
Hope this helped!
Answer:
Divide the diameter by 2. d/2=r
Step-by-step explanation:
If a diameter has been given instead of a radius, you can find the radius by dividing the diameter by 2, for example.
If the diameter was 10, the radius would 10/2=5.
88 feet/second = 60 miles/hour. How many feet per second is 1 mile/hour? (Hint: divide both sides of the equation
by the same amount.)
Round to the nearest thousandth.
One mile per hour is equivalent to
ao feet/second
The dot plot represents a sampling of ACT scores: dot plot titled ACT Scores with Score on the x axis and Number of Students on the y axis with 1 dot over 24, 3 dots over 26, 3 dots over 27, 5 dots over 28, 3 dots over 30, 3 dots over 32, 1 dot over 35 Which box plot represents the dot plot data? box plot titled ACT Score with a minimum of 24, quartile 1 of 25, median of 26, quartile 3 of 29, and maximum of 35 box plot titled ACT Score with a minimum of 23, quartile 1 of 25, median of 26, quartile 3 of 29, and maximum of 36 box plot titled ACT Score with a minimum of 23, quartile 1 of 27, median of 30, quartile 3 of 34, and maximum of 36 box plot titled ACT Score with a minimum of 24, quartile 1 of 27, median of 28, quartile 3 of 30, and maximum of 35
Answer:
box plot titled ACT Score with a minimum of 24, quartile 1 of 27, median of 28, quartile 3 of 30, and maximum of 35
Step-by-step explanation:
The scores of the students represented on the dot plot are:
1 dot => 24
3 dots => 26, 26, 26
3 dots => 27, 27, 27
5 dots => 28, 28, 28, 28, 28
3 dots => 30, 30, 30
3 dots => 32, 32, 32
1 dot => 35
Quickly, we can ascertain 3 values from these data points of which we can use to find out which box plot represents the dot plot data.
The minimum score = 24
The maximum score = 35
The median score is the 10th value, which is the middle value of the data point = 28
Therefore, we can conclude that: "box plot titled ACT Score with a minimum of 24, quartile 1 of 27, median of 28, quartile 3 of 30, and maximum of 35".
Use the graph showing Phillip's account balance to answer the question that follows. ^
What is the interest rate on Phillip's account?
A - 3.3%
B - 6.7%
C - 9.0%
D - 15.3%
Answer:
A - 3.3%
Step-by-step explanation:
From the graph
Where x= 0
Amount =$ 450
It shows that$450 is the capital
Then
When x= 3
Amount=$494.55
So interest generated within 3 years
= $494.55-$450
=$ 44.55
When x= 9
Amount = $583.65
So interest generated within 9 years
= $583.65-$450
=$ 133.65
PRT/10= Interest
450*x*3/100= 44.55
1350x= 4455
X= 4455/1350
X= 3.3
So the rate is =3.3%
A population consists of 100 elements. We want to draw a simple, random sample of 20 elements from this population. On the first selection, the probability of any particular element being selected is ____.
Answer:
1/5Step-by-step explanation:
Probability is the likelihood or chance that an event will occur.
Probability = expected outcome of event /total outcome
Since the population consists of 100 elements, the total outcome of event = 100.
If random sample of 20 element is drawn from the population, the expected outcome = 20
On the first selection, the probability of any particular element being selected = 20/100 = 1/5
The value of y varies jointly with x and z. If y = 2 when z = 110 and x = 11, find the approximate value of y when x = 13 and z = 195.
Answer:
y = 4Step-by-step explanation:
To find the approximate value of y when
x = 13 and z = 195 we must first find the relationship between them
The statement
y varies jointly with x and z is written as
y = kxzwhere k is the constant of proportionality
From the question
y = 2
x = 11
z = 110
We have
2 = 11(110)k
2 = 1210k
Divide both sides by 1210
[tex]k = \frac{1}{605} [/tex]
So the formula for the variation is
[tex]y = \frac{1}{605} xz[/tex]
When
x = 13
z = 195
y is
[tex]y = \frac{1}{605} (13)(195)[/tex]
[tex]y = \frac{507}{121} [/tex]
y = 4.1900
We have the final answer as
y = 4Hope this helps you
Two sides of a triangle are equal length. The length of the third side exceeds the length of one of the other sides by 3 centimeters. The perimeter of the triangle is 93 centimeters. Find the length of each of the shorter sides of the triangle
Answer:
30 cm
Step-by-step explanation:
let x be the lenght of the two sides of equal lenghts, so the other is x+3
and the perimeter is x+x +x +3
P=3x+3
P=3(x+1)
93=3(x+1)
31=x+1
x=30
so the shorter sides are of 30 centimeters and the longest is 33
The quotient of 8 and the difference of three and a number.
Answer: 8÷(3-x)
Answer:
Below
Step-by-step explanation:
● 8 ÷ (3-x)
Dividing by 3-x is like multiplying by 1/(3-x)
● 8 × (1/3-x)
● 8 /(3-x)
Match the base to the corresponding height.
Base (b)
Height (h)
b
h
h
b
The base 1 is matched with height 2, base 2 is matched with height 3 and base 3 is matched with height 1. The base to the corresponding height is matched in the attached figure.
What is a triangle?Triangle is the closed shaped polygon which has 3 sides and 3 interior angles. The height of the triangle is the dimension of the elevation from the opposite peak to the length of the base.
Thus, the base 1 is matched with height 2, base 2 is matched with height 3 and base 3 is matched with height 1. The base to the corresponding height is matched in the attached figure.
In the given figure, three triangles is shown with base and height. Here,
The base 1 is matched with height 2, as the height shown in figure 2 is the dimension of the elevation from the opposite peak to the length of the base 1.Similarly, base 2 is matched with height 3.Base 3 is matched with height 1.
Thus, the base 1 is matched with height 2, base 2 is matched with height 3 and base 3 is matched with height 1. The base to the corresponding height is matched in the attached figure.
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How do you write 30,8608
Answer:
it should be 308,608. the comma is after every three in this scenario.
Step-by-step explanation:
Explain how to solve the inequality (x + 1)(x – 2) ∙ (x – 3) > 0. Explain in your own words, each step necessary to solve the inequality, making sure to follow the proper order of operations. Is this inequality accurate? Explain why or why not.
Answer:
[tex]x > -1[/tex] or
[tex]x > 2[/tex] or
[tex]x > 3[/tex]
Step-by-step explanation:
Given
[tex](x + 1)(x - 2) (x - 3) > 0[/tex]
Required
Solve; with steps
[tex](x + 1)(x - 2) (x - 3) > 0[/tex]
Start by splitting the inequality as follows
[tex]x + 1 > 0[/tex] or [tex]x - 2 > 0[/tex] or [tex]x - 3 > 0[/tex]
Solve the inequalities one after the other
Solving: [tex]x + 1 > 0[/tex]
Subtract 1 from both sides
[tex]x + 1 - 1 > 0 - 1[/tex]
[tex]x > -1[/tex]
Solving: [tex]x - 2 > 0[/tex]
Add 2 to both sides
[tex]x - 2 +2 > 0 +2[/tex]
[tex]x > 2[/tex]
Solving: [tex]x - 3 > 0[/tex]
Add 3 to both sides
[tex]x - 3 +3> 0+3[/tex]
[tex]x > 3[/tex]
Hence, the solution to the inequality is
[tex]x > -1[/tex] or
[tex]x > 2[/tex] or
[tex]x > 3[/tex]
Compute (3/4)*(8/9)*(15/16)*(24/25)*(35/36)*(48/49)*(63/64)*(80/81)*(99/100) Express your answer in the simplest way possible. (Suggestion: First, try computing 3/4*8/9 then 3/4*8/9*15/16 and so on. Look for patterns.
Answer:
[tex](\frac{3}{4})*(\frac{8}{9})*(\frac{15}{16})*(\frac{24}{25})*(\frac{35}{36})*(\frac{48}{49})*(\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100}) = \frac{11}{20}[/tex]
Step-by-step explanation:
Given
[tex](\frac{3}{4})*(\frac{8}{9})*(\frac{15}{16})*(\frac{24}{25})*(\frac{35}{36})*(\frac{48}{49})*(\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100})[/tex]
Required
Simplify
For clarity, group the expression in threes
[tex]((\frac{3}{4})*(\frac{8}{9})*(\frac{15}{16}))*((\frac{24}{25})*(\frac{35}{36})*(\frac{48}{49}))*((\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100}))[/tex]
Evaluate the first group [Divide 8 by 4]
[tex]((\frac{3}{1})*(\frac{2}{9})*(\frac{15}{16}))*((\frac{24}{25})*(\frac{35}{36})*(\frac{48}{49}))*((\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100}))[/tex]
[Divide 9 by 3]
[tex]((\frac{1}{1})*(\frac{2}{3})*(\frac{15}{16}))*((\frac{24}{25})*(\frac{35}{36})*(\frac{48}{49}))*((\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100}))[/tex]
[tex]((\frac{2}{3})*(\frac{15}{16}))*((\frac{24}{25})*(\frac{35}{36})*(\frac{48}{49}))*((\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100}))[/tex]
[Divide 15 by 3]
[tex]((\frac{2}{1})*(\frac{5}{16}))*((\frac{24}{25})*(\frac{35}{36})*(\frac{48}{49}))*((\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100}))[/tex]
[Divide 16 by 2]
[tex]((\frac{1}{1})*(\frac{5}{8}))*((\frac{24}{25})*(\frac{35}{36})*(\frac{48}{49}))*((\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100}))[/tex]
[tex](\frac{5}{8})*((\frac{24}{25})*(\frac{35}{36})*(\frac{48}{49}))*((\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100}))[/tex]
Evaluate the second group [Divide 35 and 25 by 5]
[tex](\frac{5}{8})*((\frac{24}{5})*(\frac{7}{36})*(\frac{48}{49}))*((\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100}))[/tex]
[Divide 49 by 7]
[tex](\frac{5}{8})*((\frac{24}{5})*(\frac{1}{3})*(\frac{4}{7}))*((\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100}))[/tex]
[Divide 24 by 3]
[tex](\frac{5}{8})*((\frac{8}{5})*(\frac{1}{1})*(\frac{4}{7}))*((\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100}))[/tex]
[tex](\frac{5}{8})*((\frac{8}{5})*(\frac{4}{7}))*((\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100}))[/tex]
Merge the first and second group
[tex]((\frac{5}{8})*(\frac{8}{5})*(\frac{4}{7}))*((\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100}))[/tex]
[tex](1*(\frac{4}{7}))*((\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100}))[/tex]
[tex](\frac{4}{7})*((\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100}))[/tex]
Evaluate the last group [Divide 99 by 9]
[tex](\frac{4}{7})*((\frac{63}{64})*(\frac{80}{9})*(\frac{11}{100}))[/tex]
[Divide 63 by 9]
[tex](\frac{4}{7})*((\frac{7}{64})*(\frac{80}{1})*(\frac{11}{100}))[/tex]
[Divide 64 and 80 by 8]
[tex](\frac{4}{7})*((\frac{7}{8})*(\frac{10}{1})*(\frac{11}{100}))[/tex]
[Divide 10 and 4 by 2]
[tex](\frac{4}{7})*((\frac{7}{4})*(\frac{5}{1})*(\frac{11}{100}))[/tex]
[Divide 100 by 5]
[tex](\frac{4}{7})*((\frac{7}{4})*(\frac{1}{1})*(\frac{11}{20}))[/tex]
[tex](\frac{4}{7})*((\frac{7}{4})*(\frac{11}{20}))[/tex]
[tex](\frac{4}{7})*(\frac{7}{4})*(\frac{11}{20})[/tex]
[tex]1*(\frac{11}{20})[/tex]
[tex]\frac{11}{20}[/tex]
Hence;
[tex](\frac{3}{4})*(\frac{8}{9})*(\frac{15}{16})*(\frac{24}{25})*(\frac{35}{36})*(\frac{48}{49})*(\frac{63}{64})*(\frac{80}{81})*(\frac{99}{100}) = \frac{11}{20}[/tex]
Karim has two investments, one in Company A, and another in Company B. Karim purchased 3,000 shares in company A at $2.65 per share. Since purchasing the shares, the price per share increased to $2.95 per share, after which point Karim decided to sell, realizing a profit. At the same time, Karim purchased 2,000 shares in Company B at $1.55 per share. Since purchasing the shares, the share price fell to $1.30 per share, after which Karim decided to sell the shares, suffering a loss. Karim is required to pay tax at a rate of 28% on the combined profit from both investments. Calculate how much tax Karim must pay.
Answer:
A:$2478
B:$728
Total:$3206
Step-by-step explanation:
2.95x3000=8850
1.30x2000=2600
8850x0.28=2478
2600x0.28=728
2478+728=3206
A box contains 40 identical discs which are either red or white if probably picking a red disc is 1/4. Calculate the number of;
1. White disc.
2. red disc that should be added such that the probability of picking a red disc will be 1/4
If A = {2,4,6,8,10) and B = [4,8,10), then which of the following statements is false?
A n B = B
B C B
A C B
A C B because all elements of A are not found in B
If the normality requirement is not satisfied (that is, np(1p) is not at least 10), then a 95% confidence interval about the population proportion will include the population proportion in ________ 95% of the intervals. (This is a reading assessment question. Be certain of your answer because you only get one attempt on this question.)
Answer:
less than
Step-by-step explanation:
If the normality requirement is not satisfied (that is, np(1 - p) is not at least 10), then a 95% confidence interval about the population proportion will include the population proportion in _less than__ 95% of the intervals.
The confidence interval consist of all reasonable values of a population mean. These are value for which the null hypothesis will not be rejected.
So, let assume that If the 95% confidence interval contains the value for the hypothesized mean, then the sample mean is reasonably close to the hypothesized mean. The effect of this is that the p- value is going to be greater than 0.05, so we fail to reject the null hypothesis.
On the other hand,
If the 95% confidence interval do not contains the value for the hypothesized mean, then the sample mean is far away from the hypothesized mean. The effect of this is that the p- value is going to be lesser than 0.05, so we reject the null hypothesis.
22 tons is equivalent to ______ kilograms.
Answer:
20000 kg
Step-by-step explanation:
Recall that 1 kg = 2.2 lb approximately. Then:
22 tons 1 kg 2000 lb
------------ * ------------ * -------------- = 20000 kg
1 2.2 lb 1 ton
1. Which word best describes how you feel when working on a math assessment? ( point)
bored
excited
anxious
confident
Answer:
math is really a difficult subject for me. sometimes i feel confident when i get my answers correct, but sometimes i feel bored when i dnt get my answer. Sometimes i feel anxious , sometimes i feel excited to solve the problems.
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It takes amy 8 minutes to mow 1/6 of her backyard. At that rate how many more minutes will it take her to finish mowing her backyard
Answer:
40 minutes
Step-by-step explanation:
If it takes her 8 minutes to mow 1/6 of it, we can find the total amount of time it will take by multiplying 8 by 6, since 1/6 times 6 is 1 (1 represents the whole lawn mowed)
8(6) = 48
The question asks for how many more minutes it will take, so subtract 48 by 8.
48 - 8 = 40
= 40 minutes
Answer:
40 minutes
Step-by-step explanation:
We can use ratios to solve
8 minutes x minutes
------------------- = ----------------
1/6 yard 1 yard
Using cross products
8 * 1 = 1/6 x
Multiply each side by 6
8*6 = 1/6 * x * 6
48 = x
48 minutes total
She has already done 8 minutes
48-8 = 40 minutes
A sandman earns a commission of 26%. One week he had sales of $24400. Find the commission for the week.
Answer:
6344
Step-by-step explanation:
Find 26% of 24400
24400 * 26%
24400 * .26
6344
I need help please help meee I don’t understand
Answer:
204
Step-by-step explanation:
To simplify the shape, you can do multiple things. I've opted to shave down both prongs to take it from a 'T' shape to a rectangular prism.
For height of the prongs, take 4 from 6.
6 - 4 = 2
Divide by 2 as there are 2 prongs.
2 / 2 = 1
Remember L * W * H
6 * 3 * 1 = 18
Remember that there are two prongs!
3 + 4 = 7
6 * 7 * 4 = 168
168 + 2(18) = 204
A research center claims that % of adults in a certain country would travel into space on a commercial flight if they could afford it. In a random sample of adults in that country, % say that they would travel into space on a commercial flight if they could afford it. At , is there enough evidence to reject the research
Complete Question
A research center claims that 30% of adults in a certain country would travel into space on a commercial flight if they could afford it. In a random sample of 700 adults in that country, 34% say that they would travel into space on a commercial flight if they could afford it. At , is there enough evidence to reject the research center's claim
Answer:
Yes there is sufficient evidence to reject the research center's claim.
Step-by-step explanation:
From the question we are told that
The population proportion is p = 0.30
The sample proportion is [tex]\r p = 0.34[/tex]
The sample size is n = 700
The null hypothesis is [tex]H_o : p = 0.30[/tex]
The alternative hypothesis is [tex]H_a : p \ne 0.30[/tex]
Here we are going to be making use of level of significance = 0.05 to carry out this test
Now we will obtain the critical value of [tex]Z_{\alpha }[/tex] from the normal distribution table , the value is [tex]Z_{\alpha } = 1.645[/tex]
Generally the test statistics is mathematically represented as
[tex]t = \frac{ \r p - p }{ \sqrt{ \frac{ p (1-p)}{n} } }[/tex]
substituting values
[tex]t = \frac{ 0.34 - 0.30 }{ \sqrt{ \frac{ 0.30 (1-0.30 )}{ 700} } }[/tex]
[tex]t = 2.31[/tex]
Looking at the values of t and [tex]Z_{\alpha }[/tex] we see that [tex]t > Z_{\alpha }[/tex] hence the null hypothesis is rejected
Thus we can conclude that there is sufficient evidence to reject the research center's claim.
Find (fºg)(2) and (f+g)(2) when f(x)= 1/x and g(x) = 4x +9
[tex](f\circ g)(2)=\dfrac{1}{4\cdot2+9}=\dfrac{1}{17}\\\\(f+g)(2)=\dfrac{1}{2}+4\cdot2+9=\dfrac{1}{2}+17=\dfrac{1}{2}+\dfrac{34}{2}=\dfrac{35}{2}[/tex]
How do you evaluate this?
[tex]_6C_3=\dfrac{6!}{3!3!}=\dfrac{4\cdot5\cdot6}{2\cdot3}=20[/tex]
PLZ HELPPPPPP. 25 POINTS.
A store sells books for $12 each. In the proportional relationship between x, the number of books purchased, and y, the cost per books in dollars" to "y, the total cost of the books in dollars, the constant of proportionality is 12. Which equation shows the relationship between x and y?
A. y=12/x
B. y=12x
C. y=12+x
D. y=12−x
Answer:
b
Step-by-step explanation:
because its right dummy
An economist is interested in studying the spending habits of consumers in a particular region. The population standard deviation is known to be $1,000. A random sample of 50 individuals resulted in an average expense of $15,000. What is the width of the 99% confidence interval for the mean of expense? a. 364.28 b. 728.55 c. 329.00 d. 657.99
Answer:
The width is [tex]w = \$ 729.7[/tex]
Step-by-step explanation:
From the question we are told that
The population standard deviation is [tex]\sigma = \% 1,000[/tex]
The sample size is [tex]n = 50[/tex]
The sample mean is [tex]\= x = \$ 15,000[/tex]
Given that the confidence level is 99% then the level of significance is mathematically represented as
[tex]\alpha = 100 - 99[/tex]
=> [tex]\alpha = 1\%[/tex]
=> [tex]\alpha = 0.01[/tex]
Next we obtain the critical value of [tex]\frac{\alpha }{2}[/tex] from the normal distribution table, the value is
[tex]Z_{\frac{\alpha }{2} } = Z_{\frac{0.01 }{2} } = 2.58[/tex]
Generally margin of error is mathematically represented as
[tex]E = Z_{\frac{\alpha }{2} * \frac{\sigma }{\sqrt{n} }[/tex]
substituting values
[tex]E = 2.58 * \frac{1000 }{\sqrt{50} }[/tex]
[tex]E = 2.58 * \frac{1000 }{\sqrt{50} }[/tex]
[tex]E = 364.9[/tex]
The width of the 99% confidence interval is mathematically evaluated as
[tex]w = 2 * E[/tex]
substituting values
[tex]w = 2 * 364.9[/tex]
[tex]w = \$ 729.7[/tex]
If f(x)=x/2-3and g(x)=4x^2+x-4, find (f+g)(x)
Step-by-step explanation:
(f+g)(x) = f(x) + g(x)
= x/2-3 + 4x²+x+4
= ..........
Find the interest on a Principal Balance of $10,000 over the course of eight years with an interest rate of 5.5%. Do this for: Simple Interest.
Answer:
Simple Interest : $ 4400
Step-by-step explanation:
We want to calculate the interest on $ 10,000, at 5.5% interest rate per year, over a course of 8 years.
We can use the simple interest formula here, or :
I = P × r × t,
Where P is the principle amount, $ 10,000, r is the interest rate, 5.5% each year, or in decimal form 5.5 / 100 = 0.055. t is the time, 8 years.
Simple Interest : 10000 × 0.055 × 8 = $4400.00
Then again the interest can be added to the principal amount ( $10,000 ) to receive some new amount after 8 years, which is $ 14,000. However the simple interest earned in 8 years at a rate of 5.5% should be $4400.
The simple interest earned on the amount is $4,400
Interest is the total amount that would be paid or earned from making an investment or taking a loan over a period of time.
Simple Interest = principal x time x interest rate
principal = amount borrowed = $10,000
time = 8 years
Interest rate = 5.5%
10,000 x 0.055 x 8 = $4,400
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