tatianapina27
tatianapina27 tatianapina27
  • 23-07-2018
  • Mathematics
contestada

What is the simple interest rate if p = $4,000, t = 2 years, l =$320?

Respuesta :

jdoe0001 jdoe0001
  • 23-07-2018

[tex] \bf ~~~~~~ \textit{Simple Interest Earned}
\\\\
I = Prt\qquad
\begin{cases}
I=\textit{interest earned}\to &\$320\\
P=\textit{original amount deposited}\to& \$4000\\
r=rate\to r\%\to \frac{r}{100}\\
t=years\to &2
\end{cases}
\\\\\\
320=4000r(2)\implies \cfrac{320}{4000(2)}=r\implies \cfrac{1}{25}=r\implies 0.04=r
\\\\\\
r\%=0.04\cdot 100\implies r=\stackrel{\%}{4} [/tex]

Answer Link

Otras preguntas

Suppose a tennis ball is randomly selected and then replaced 75 how many orange tennis balls do you expect
introduction about your current eating habits
9 10 11 ratio simplest form
Introduction for 3.13 Lab: Human Digestion Actions 1 Answer these questions in the introduction of your Lab Report: What is amylase? How can iodine be used to m
I would like to register for RN classes and answers
the compound shape below is formed from a rectange and a sector of a circle caculate the perimeter of the compound shape give tour answers in centimetres to 1dp
sumulat ng tig dalawang orihinal na tulang panudyo
How do you solve this?
Determine whether the statement is true or false. If the statement is​ false, make the necessary​ change(s) to produce a true statement. Santa had to lay off​ 2
Transition word and evidence give direct quote and paragraph number to surport claim in we should have zoos?