l=$45, P=$600, t=2 years What is the annual interest rate?

Answers

Answer 1

Answer:

The interest rate required to  accumulate simple interest of $ 45.00  from a principal of $600.00  over 2 years is 3.75% per year.

Step-by-step explanation:

Given

l = $45

P = $600

t = 2 years

To determine

What is the annual interest rate = r = ?

Using the Simple Interest Formula

I = Prt

r = I/Pt

substituting l = 45, P = 600 and t = 2 years

r = 45 / ( 600 × 2 )

  = 0.0375

converting r decimal to a percentage = 0.0375 * 100 = 3.75% per year

Thus, the interest rate required to  accumulate simple interest of $ 45.00  from a principal of $600.00  over 2 years is 3.75% per year.


Related Questions

Find the equation of a line that contains the points (4,−1) and (−1,−4). Write the equation in slope-intercept form, using fractions when required.

Answers

Answer:

y = 3/5x - 17/5

Step-by-step explanation:

slope formula: (y₂ - y₁) / (x₂ - x₁)

First, plug in these values of the two given points.

(-4 - (-1)) / (-1 - 4)

Simplify within the parentheses.

(-4 + 1) / (-1 - 4)

(-3) / (-5)

3/5

This is your slope. Plug this into a standard slope-intercept equation: y = mx + b

To find b, we want to plug in a value that we know is on this line: in this case, I will use the second point (-1, -4). Plug in the x and y values into the x and y of the standard equation.

-4 = 3/5(-1) + b

Multiply.

-4 = -3/5 + b

Add 3/5 to both sides. -- To add it easier, convert 4 to a have a denominator of 5.

-20/5 = -3/5 + b

-20/5 + 3/5 = b

-17/5 = b

Now, plug this into your standard equation.

y = 3/5x - 17/5

Check this equation by plugging in the other point you did not use (4, -1)

-1 = 3/5(4) - 17/5

-1 = 12/5 - 17/5

-1 = -5/5

-1 = -1

Your answer is correct!

Hope this helps!

a quotient that is between 8÷0.001 and 8÷110.

Answers

Answer:

Step-by-step explanation:

I don't actually know if this is what you want but

8 divided by 0.001 is 8000

and

8 divided by 110 is 0.07272727272727272

I hope this helps

A bag has 5 yellow marbles, 3 red marbles and 2 blue marbles. Quinn randomly picks a marble from the bag and returns it before another is picked. How many times would Quinn expect to pick a blue marble if he picks a marble 200 times?​

Answers

Answer:

20%

Step-by-step explanation:

or 20 because since there is 5 and 3 you ad them and you get 5, 5+5 =10 and its like 100 but its not so, 2 of 10 is like saying 20% of 100

Answer:

40

Step-by-step explanation:

200/10=20

There are 2 blue marbels so 20x2=40

Plz help I’m confused
Geometry 15 points

Use the Law of Detachment and the Law of Syllogism to draw a conclusion from the three given statements.

If an elephant weighs more than 2000 pounds, then it weighs more than Jill's car.
If something weighs more than Jill's car, then it is too heavy for the bridge.
Smiley the elephant weighs 2150 pounds.

Answers

Smiley the elephant is too heavy for the bridge.

I think that’s it

the segment.
If a point, ray, line, line segment, or plane intersects a segment at its midpoint, then it is?

Answers

Answer:

If A Point, Ray, Line Segment, or Plane intersects a segment at its midpoint, then it Bisects the segment.

Step-by-step explanation:A segment, ray, line, or plane that is perpendicular to a segment at its midpoint is called a perpendicular bisector. If a point is on the perpendicular bisector of a segment, then it is equidistant from the endpoints of the segment. Point is equidistant from two points if its distance from each point is the same.

Please help with my work!

Answers

Answer:

x,y =3,-4

Step-by-step explanation:

// Solve equation [1] for the variable  y

 [1]    y = 2x - 10

// Plug this in for variable  y  in equation [2]

  [2]    3x - 2•(2x-10) = 17

  [2]    -x = -3

// Solve equation [2] for the variable  x

  [2]    x = 3

// By now we know this much :

   x = 3

   y = 2x-10

// Use the  x  value to solve for  y

   y = 2(3)-10 = -4

Zoe buys a new car that is valued at $24,000. The car will depreciate at
a rate of 1% per month. What is the value of the car after 6 months?

Answers

Answer:

120

Step-by-step explanation:

Principal = 24,000

Rate = 1%

Time = 6 months = 0.5

Simple Interest = 24000×1×0.5 ÷ 100

= 120

7. The figure shows a right rectangular prism whose base is a square...

Answers

Answer:

D

Step-by-step explanation:

Which of the following is a decomposition reaction?
reactant plus reactant yields product
reaciant minus reactant yields product
reactant yields product plus product reactant yields product times product

Answers

Answer:

Reactant plus reactant yields product.

Step-by-step explanation:

A decomposition reaction starts from a single substance and produces more than one substance. One substance as a reactant and more than one substance as the products is the key characteristic of a decomposition reaction.

Hope this helps.

It takes a turtle 3 ¼ hours to walk 1 ½ miles. How many hours does it take to walk one mile?

Answers

Answer: 2.17 hours

Step-by-step explanation:

Answer:

2.17 hours

Step-by-step explanation:

x + y = 4
2x - 5y = 15
Graphing

Answers

Answer:

Step-by-step explanation:

5x + 5y = 20

2x - 5y = 15

7x = 35

x = 5

5 + y = 4

y = -1

(5, -1)

help pleAsee zknsmfm​

Answers

Answer:

C

Step-by-step explanation:

(x+2) * x

X^2 +2x

the answer to this question is C

whats the slope help pls!

Answers

The right answer should be y=3x+2

What is the value of the expression below when z=7?
3z-3
A
12
B
18
21
34

Answers

Answer:18

Step-by-step explanation:3(7) -3 = 21-3 = 18

Answer:

as z= 7                                     ANSWER IS 18

3z -3

3(7) -3 =21-3 =18

Step-by-step explanation:

PLZZ MARK AS BRAINLIEST!!!!!

What is the value of the following expression if q = 10?
24 divided by (q-2)
HELPPP

Answers

Answer:

(B) 3

Step-by-step explanation:

24/(10-2)

24/8 is 3

A piece of cake has 347 calories in it.How many calories are there in 8 piece of cake.​

Answers

Answer:

2776 calories

Step-by-step explanation:

35

347

x   8

____

2776 calories

Answer:

2776 calories

Step-by-step explanation:

To figure out the answer, I did 347×8 to get me an answer to 2776 calories.

Please help I have tried multiple times but keep getting it wrong.

Solve the following inequality, then graph the solution set. | x | − 6 ≥ − 4. Answer in interval notation.

Answers

Answer:

inequality form: x

x≤ 4 or x≥8

Interval Notation:

(-∞, 4] U[8,∞)

Explanation

Solve the following inequality, then graph the solution set. | x | − 6 ≥ − 4. Answer in interval notation.

Please help me with this question. Thank you :)

Answers

80°...................

1: How many total pounds of potatoes were rationed each week?

2: how many total pounds of bread were rationed each week?

Answers

Answer:

jk rjliukrulukurkd heeeey k37739

Which equation has the steepest graph? Answer Choices:
y = x – 9
y = 9x + 3
y = -11x – 5
y = -x + 6

Answers

I think its y=x-9

sorry if im wrong :(

If each 2 cm on the scale drawing equals 10 feet, what are the actual dimensions of the room? (5 points) Length = 11 feet, width = 9 feet Length = 30 feet, width = 20 feet Length = 8 feet, width = 12 feet Length = 22 feet, width = 20 feet

Answers

Answer:

c and i blue

Step-by-step explanation:

Exercise 3
A box of granola bars contains an assortment of flavors. You randomly choose a granola bar and eat it.
Then you randomly choose another bar.
Event A: You choose a coconut almond bar first.
Event B: You choose a cranberry almond bar second.
Events A and B are
because the occurrence of event A
affect the
occurrence of event B.

Answers

Answer:

I'm sorry

Step-by-step explanation:

I don't know the answer

Shawna bought 2 notebooks that cost $2.19 each. She paid for them with a
$5 bill. Which number sentence can be used to find how much money
Shawna received in change?
A. (2 x 5.00) + 2.19 =
B.
5.00 + (2 x 2.19) =
C.
(2 X 5.00)
2.19
OD 5.00
(2 x 2.19)

Answers

The answer is: 5 - (2 X 2.19)

Write an equation for when k= 1/6

Answers

Answer:

2/6 - 1/6 = k

Step-by-step explanation:

2x-1-(-x+3) = 6-2x SHOW STEPS....DUE TODAY

Answers

Answer:

x=2

Step-by-step explanation:

Simplify both sides of the equation.

2x−1−(−x + 3)=6−2x

(Distribute the Negative Sign)

2x−1 + −1(−x + 3)=6−2x

2x + −1 + −1(−x) + (−1)(3)=6−2x

2x + −1 + x + −3=6−2x

2x + −1 + x + −3=6 + −2x

(Combine Like Terms)

(2x + x) + (−1 + −3)=−2x+6

3x + −4=−2x + 6

3x−4=−2x + 6

Add 2x to both sides.

3x−4 + 2x=−2x + 6 + 2x

5x−4=6

Add 4 to both sides.

5x−4 + 4=6 + 4

5x=10

Divide both sides by 5.

5x/5=10/5

x=2

Which system of equations shows a solution of (–3.5, 4)?​

Answers

Answer:

my nombre es mamaguevo

Step-by-step explanation:

Answer:

The answer is A, The first graph

Step-by-step explanation:

It's the only answer that makes sense.

Which equation represents the line that passes
through the points (-5, 5) and (9, -3)?

Answers

Answer:

Step-by-step explanation:

(-3 -5)/(9+5)= -8/14= -4/7

y - 5 = -4/7(x + 5)

y - 35/7 = -4/7x - 20/7

y = -4/7x + 15/7

Alice spends $7 on lunch and $5.50 on a CD. She also buys 2 sweaters that each cost the same amount. Alice spends a total of $45. What is the cost of each shirt?

Answers

Answer:  $15.75

Step-by-step explanation:

the answer is 16.25
7+5.5=12.5
45-12.5=32.5
32.5/2=16.25

What is the quotient of 5 1/4 divided by 15

Answers

.35 is your answer that your looking for

Answer:

I think the answer would be 0.35, 7/20, 35%

Step-by-step explanation:

They are all the same its just different form

What type of quadrilateral is ABCD? Move segments and words to blanks to classify quadrilateral ABCD

Answers

The quadrilateral that is illustrated based on the information and diagram is a square.

What is a quadrilateral?

A quadrilateral is a plane figure with four edges and four corners, also known as vertices. The quadrilateral's four vertices or corners all have angles. A quadrilateral has four straight sides and is a two-dimensional shape. Parallelograms, trapezoids, rectangles, kites, squares, and rhombuses are a few examples of quadrilaterals.

A quadrilateral with four equal sides and angles is called a square. Due to its equal sides and angles, it is also a regular quadrilateral. A square has four 90° angles, just like a rectangle does. It can also be thought of as a rectangle with equal lengths on its two adjacent sides. A square is a quadrilateral with four equal sides and four equal angles that is a regular quadrilateral. The square's angles are at a right angle or 90 degrees.

Learn more about quadrilateral on:

https://brainly.com/question/23935806

#SPJ1

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