Can someone please help me with this question?
The question is: Find the interest rate on a $895 dollar investment with $716 in interest over 5 years. Show your work.

Answers

Answer 1

Answer: The interest rate on the $895 investment is approximately 16%.

Step-by-step explanation:

To find the interest rate, we can use the formula for simple interest:

Interest = Principal × Rate × Time

Given:

Principal (initial investment) = $895

Interest earned = $716

Time period = 5 years

We rearrange the formula to solve for the rate:

Rate = Interest / (Principal × Time)

Substituting the given values:

Rate = $716 / ($895 × 5)

Now, let's calculate the values:

Rate = $716 / $4475

Rate ≈ 0.1599

To convert the decimal to a percentage, we multiply by 100:

Rate ≈ 0.1599 × 100

Rate ≈ 15.99%

Therefore, the interest rate on the $895 investment is approximately 15.99% or rounded to 16%.

This means that for the $895 investment, an annual interest of $716 has been earned over a period of 5 years. It indicates that the investment has grown by an average of 16% per year.


Related Questions

Which unit of measure would go with the following conversion?

1 quart = 2

Answers

Answer:

1 quart = 2 pints

Step-by-step explanation:

• What is the approximate perimeter of the field in feet? Show your work.

• What is the approximate area of the field in square feet? Show your work.

Answers

Answer:

Perimeter = 853 ft.

Area =  989 ft^2

Step-by-step explanation:

To get the perimeter you add up all of the measurements. To get the  perimeter you do 28 x 28 = 784, then you do 39-28=11, then you do 11(30)/2 to get 330.

784 + 330 = 984 ft.^2

Graph the line that represents a proportional relationship between d and t with the property that an increase of 5 units in t corresponds to an increase of 2 units in d.

What is the unit rate of change of d with respect to t? (That is, a change of 1 unit in t will correspond to a change of how many units in d?)


(and i need the points on the graph)


The unit rate is = ?

Answers

Answer:

Make a Line from 0, 0 to 1, 3

Answer: unit rate should be 1:0.4 with 1 being t

Explanation: 2/5 is 0.4 and 5/5 is 1 so for each unit of t there would be 0.4 unit of d

Evaluate the expression.
18+4 (10-2^3) - 2

Answers

Answer:

hey

=24 is your answer

Step-by-step explanation:

18+4(10−2^3)−2

divide by 2  x  X

- Bacon

Answer:

24

Step-by-step explanation:

2^3=8

10-8=2

4*2=8

18+8-2=24

2p = 2 p =

q – 3 = 7 q =

Answers

Answer:-45

Step-by-step explanation:

the answer is 45 to this question

if u show work and its correct you will get brainliest if u cant show work plz tell me along with your answer

Answers

Answer:

H

Step-by-step explanation:

Hey There!

So first off the inequality sign has to be facing the 5 because that is the max amount of money he can spend on breakfast so we can immediately eliminate answer choices G and J

The reason the answer is not F is because your not adding b to 1.25

B is equal to the number of breakfasts Anthony can buy

Each breakfast cost $1.25 so it would be

5 is greater than or equal to 1.25b

Answer:

Step-by-step explanation:

b/c the breakfasts are $1.25  you would multiply how many he buys , by that cost,   soo

5 ≥ 1.25 * b

so he can buy 4 breakfasts  1.25 * 4 = 5

this works out fine for the math.  but, for one day .. no breakfast :(

plssssssssssssssssssssss help

Answers

Answer:

10-8

9-9

11-7

Step-by-step explanation:

Answer:

8, 9 , 7

Step-by-step explanation:

hope this helps :)

I would really appreciate some help, please!
Lori has $450 in her bank account. She withdraws $20 a month for her gym membership. Construct a linear equation to model Lori’s bank balance for any given month.

Answers

Answer:

y=-20x+450

Step-by-step explanation:

Since Lori has 450$ initially, this can be modeled as our y-intercept of our function, or the b in y=mx+b. Since she's withdrawing 20$ a month to pay for the membership, she's losing 20$, which is why the 20 is negative in the equation. Let x be any amount of months, and y will be the balance of Lori's account at that month x.

Equation: y=20x+450

Use Desmos to graph it


Which culture was considered to have the most advanced number system?
O Roman
I Babylonian
O Egyptian

Answers

Answer:

Step-by-step explanation:

The number system in most common use today is the Arabic system. It was first developed by the Hindus and was used as early as the 3rd century BC. The introduction of the symbol 0, used to indicate the positional value of digits was very important.

Answer:

I think its the babylonions

Which value is a solution of the inequality 1/4 y ≥ 8?
Choices: 8,16,24, and 32
which one is the answer?

Answers

Answer:

32

Step-by-step explanation:

if y = one of those choises. the quarter of 32 is 8. half 32 is 16. 3/4 is 26.

(1/4)*328

8>8

Answer is 32 hope I helped

can someone help pls

Answers

Answer:

Slope = 4/3

Step-by-step explanation:

Formula for slope-intercept form: y=mx + b

Given: 3y - 4x = -6

Add -4x to the right hand side to isolate out 3y (y).

It should look like this: 3y = 4x -6

Now divide both sides by 3.

You should get: y = 4/3x -2

Since it's asking for slope, your slope is 4/3.

Slope=4/3 this is the correct answer

Look at Mia’s work.

83 + n = 110

83 + 83 + n = 110 + 83

n = 193

What was Mia’s error?

1. Mia’s work is correct.
2. Mia made an addition error when adding 110 and 83.
3. Mia only needed to add 83 to 110.
4. Mia should have subtracted 83 from both sides of the equation.

Answers

mia should have subtracted 83 from both sides of the equation

The side lengths of a triangle area are 5, 3, and 4. Is this a right triangle?
(question and answers attatched)

Answers

Answer:

C

Step-by-step explanation:

We can use the Pythagorean Theorem to find if this really is a right triangle.

3² = 9

4² = 16

5² = 25

9 + 16 (?) 25

9 + 16 = 25

Your answer would be C.

Hope this helps. Have a nice day.

Answer:

C.)Yes because [tex]3^{2} + 4^{2} = 5^{2}[/tex]

Step-by-step explanation:

The Pythagoras theorem should be applied in this question. This theorem can only be applicable if the triangle has a right angle ( 90° ) therefore it is used.

[tex]a^{2} + b^{2} = c^{2}[/tex] (The Pythagoras theorem)

[tex]3^{2} + 4^{2} = 5^{2}[/tex]

[tex]3^{2}[/tex] = 9 and [tex]4^{2}[/tex] = 16. So,

9 + 16 = 25 and [tex]5^{2}[/tex] = 25

The sides proves that it is a right angled triangle.

This is worth 30 point you will get brainliest if u show work

Answers

Answer: H

Step-by-step explanation: 6 divided by q=5

Answer:

G

Step-by-step explanation:

All of the others have equals, which makes them an equation, not an expression. G does not have an equals, and it therefore an expression.

a sandwich shop has three options for bread which include white,wheat,and flat bread,and they have their sandwich meat options include turkey,ham,and chicken
Plz help quick for a test

Answers

...........................1meat
1tipe of bread-2meat
..........................3meat

...........................1meat
2tipe of bread-2meat
..........................3meat

...........................1meat
3tipe of bread-2meat
..........................3meat

Please put “the best answer” tks xoxo

Pls help me
The diameter of a circle is 12 ft. Find its area in terms of π.
PLS FOLLOW THE RULES

TROLL FOR POINTS= REPORT

FIRST AND CORRECT ANSWER= BRAINLIEST

( NO LINKS ) at all

Answers

answer: 36 pi/11.3097

This is 10 points plz help ( NO LINKS )
( ONLY ANSWER THIS IF YOU HAVE AN EXPLANATION AND IF YOU KNOW WHAT THE ANSWER IS)

Answers

I believe the answer is J (both equal to and less than)

Explanation:
X= 4 3(4)= 12 which is less than 18
X= 5 3(5)= 15 which is less than 18
X= 6 3(6)= 18 which is equal to 18
J is correct! I did this 2 hours ago lol!

Can you please help me. If you help me i will give you brainliest ( question 2-5)

Answers

Answer:

I have made it in the above picture

1. Rewrite the term 22m as a product of 11 and another factor.

2. Rewrite the term 33 as a product of 11 and another factor.

last questionn, and imma yeet

Answers

Sheeesh man that’s a lot of math

The term 22m can be written as a product of 11 and another factor is 11(2m), and the term 33 as 11(3).

What is an expression?

It is defined as the combination of constants and variables with mathematical operators.

It is given that:

The term 22m needs to write as a product of 11 and another factor.

As we can see in the term 22m the number 2 is common ie.

22m = 2(11m)

Or

22m = 11(2m)

The arithmetic operation can be defined as the operation in which we do the addition of numbers, subtraction, multiplication, and division. It has basic four operators that is +, -, ×, and ÷.

Similarly,

33 = 3(11)

Or

33 = 11(3)

Thus, the term 22m can be written as a product of 11 and another factor is 11(2m), and the term 33 as 11(3).

Learn more about the expression here:

brainly.com/question/14083225

#SPJ2

Please I really need help thrid time asking please!

Answers

Letter a is the gym

Answer: A. (3, -4) B. (-3, 2)

Step-by-step explanation:

There are 2 questions on this assignment that i really need help with

Answers

Answer:

Ok, What are the questions? I can answer in the comments.

Step-by-step explanation:

Answer:

Where are the questions

Step-by-step explanation:

please help on this algebra!

Answers

Answer:

A (-12,14)

B (8,8)

C (-12,-8)

D (0,-12)

Answer:

1. -12,14

2. 8,8

3. -12,-8

4. 0,-12

hope this helped;;

Ari borrowed $20000 and paid it back over 6 years. The simple interest rate was 15% annually. How much interest did Ari pay over the six years? Pls explain, and I will make brainliest

Answers

Answer:

$18,000

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 15%/100 = 0.15 per year,

then, solving our equation

I = 20000 × 0.15 × 6 = 18000

I = $ 18,000.

The simple interest accumulated

on a principal of $ 20,000.

at a rate of 15% per year

for 6 years is $ 18,000.

it would cost $18,000
20,000 x 0.15 = 3,000
3,000 x 6 = 18,000

Mr. Moore drove the first half of his journey at an average speed of 96 km/h for 2 hours. He then drove the remaining half of his journey at an average speed of 80 km/h. How long did Mr. Moore take for the remaining half of his journey?

Answers

Answer:

2h 15m

Step-by-step explanation:

If he drove 96 kilometers per hour for the first two hours, then he traveled 192 kilometers in two hours, meaning that the full trip is 384 kilometers.

192/80 = 2.4

Mr. Moore took 2 hours and 15 minutes to finish his trip.

Hope this helps. Have a great day.

Toni simplified the expression , 22 × (16 −32 +1) ÷ 8. For Toni's first and second steps, he simplified the expression inside the parentheses and got the answer of 11. What was Toni's error? Find the correct answer. giving brainlist

Answers

When you subtract and add what is in the parentheses you would get -15 so I’m guessing he didn’t go from left to right when working inside the parentheses but when you solve the whole problem out you would get the answer: -41.25 If I missed something or you need me to show the work just let me know but I hope this helps !

PLS HELPPPP
A dog is leashed to the corner of a house with an 18 foot leash. How much running area does the dog have? Round your answer to the nearest square foot.

Answers

118 ft dndjfndjfjfncjcjdbshzhs

simplify the expression (its pretty easy im checking my work)
5+7 (x+8)

Answers

Answer:

7x+61

Step-by-step explanation:

distribute 7 to the x and 8

5+7x+56

now combine like terms

5+56+7x

your answer

61+7x

7x+61

Step-by-step explanation:

I did this on a test once

The circumference of a coin is 25 millimeters.

​Find the diameter of a coin using 3.14 for \piπ.

Answers

You multiple 25 and 3.14 and when you do that you get 78.5
I don’t know if I’m right or not but I got, 78.54 as my answer.

Find the distance between the pair of points.

(−4, 8) and (−9, 8)

The distance between the pair of points is units.

Please help it's a test

Answers

Answer:

5 units away

Step-by-step explanation:

8=8

-4-5=-9

PLS HELP ITS DUE TODAY! thank u so much :)

Answers

Answer:

150

Step-by-step explanation:

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