shannonjohn222
shannonjohn222 shannonjohn222
  • 08-12-2016
  • Mathematics
contestada

A $5000 investment earns $550 annual simple interest in one year. What is the annual interest rate?

Respuesta :

aly0266luvsu
aly0266luvsu aly0266luvsu
  • 08-12-2016
I = prt 1) nope: since she earned 1536, that is your interest (I) 1536 = p*0.04*8 1536 = 0.32p 1536/0.32 = 0.32p/0.32 p = $4800 2) 550 = 5000*r*1 550/5000 = 5000r/5000 0.11 = r = 11%
Answer Link
Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 08-12-2016
550=5000r,,r=0.11*100=11%
Answer Link

Otras preguntas

name the solid ?m # of faces ? # of edges? # of vertices? what’s the height ?
The Giver tests Jonas's Capacity to See Beyond by having him visualize
Why does the rate of the reaction decrease over time? Why does the rate of the reaction decrease over time? Exothermic reactions lose heat which cools the react
6. Explain the purpose of the League of Nations
Kevyn has a bag of jolly ranchers. Kevyn gave 3/8 of the bag to Alex and 1/4 of the bag to Marisa. Kevyn also gave 1/2 of the remaining candy to his favorite te
Explain why the Partition of India in 1947 is considered a turning point.
PLS HELP IT IS DUE IN 20 MINS PLS HELPFlo needs your help! Which fraction will terminate when converted to a decimal?A. 11/27B. 1/12C. 1/20D. 1/30
what is the area and perimeter of 29 yd and 72 yd ​
If the graph of y = a x 2 + b x + c does not intersect the x -axis, then what is true about the roots? Both are real roots. Both are real roots. Both are imagin
Explain the Supremacy Clause and why it’s important