isabelladove isabelladove
  • 03-02-2022
  • Mathematics
contestada

If the simple interest on $5,000 for 9 years is $1,800, then what is the interest rate?
The rate is %.

Respuesta :

jdoe0001 jdoe0001
  • 03-02-2022

[tex]I = Prt\qquad \begin{cases} I=\textit{interest earned}\dotfill & \$1800\\ P=\textit{original amount deposited}\dotfill & \$5000\\ r=rate\to r\%\to \frac{r}{100}\\ t=years\dotfill &9 \end{cases} \\\\\\ 1800=5000(\frac{r}{100})(9)\implies \cfrac{1800}{5000(9)}=\cfrac{r}{100}\implies \cfrac{1}{25}=\cfrac{r}{100} \\\\\\ 100=25r\implies \cfrac{100}{25}=r\implies \stackrel{\%}{4}=r[/tex]

Answer Link

Otras preguntas

why is it critical to your cells to be near capillaries
Please help solve, thanks in advance!
Failure to incorporate _______ can easily lead to _______. Would the answer be: citations, plagiarism?
Please help with math question and please show ALL work. 1....How many solutions does the equation 3x+x+3=2(2x+1)+1 have? 2...How many solutions does the pair
Which body tissue or organ contains the most mitochondria?
Why did the American public mostly oppose joining the League of Nations after WWI?
Why did we use coin-flipping as a method to choose traits for the parent pets and the offspring pets?
Thank you Philo for your answer. I have one more question for you regarding the same rectangular prism that is 3 units long, 2 units wide and has 7 layers and 4
What would be the most likely effect of one company buying a competitor?
3+1/4x greater than 11