Lebrun loaned $20,000 to his daughter to help her buy a house. When she sold the house four years later, she paid him the $20,000 along with an interest of $3000. What was the annual interest rate? Round answer to two decimal places.

Answers

Answer 1

Answer:

3.75%

Step-by-step explanation:

Total interest (4 years) - $3000

Annual interest (1 year) - $3000 ÷ 4 = $750

Annual interest rate (1 year) - [tex]\frac{750}{20 000}[/tex] × 100% = 3.75%

Checking:

Interest after 1 year - [tex]\frac{3.75}{100}[/tex] × $20,000 = $750

Interest after 4 years - $750 × 4 = $3000 (Correct)

Answer 2

Answer:

The interest rate was 3.75%.

Step-by-step explanation:

Attention: I am assuming simple interest here since I am not told otherwise.

Knowing Lebrun's interest was a total of $3000 on the $20000 loan, we can safely assume that it was a $750 interest flat fee paid on top of the loan amount dividing the $3000 by the four years it took for them to return the loan.

Dividing the amount of interest, in dollars, by the total amount of the loan and multiplying by 100, you will get the interest rate on the loan:

[tex]\frac{750}{20000}=\frac{75}{2000}=\frac{15}{400}=\frac{3}{80}\\\\\frac{3}{80}*100=\frac{3}{8}*10=\frac{30}{8}=3\frac{3}{4} =3.75\%[/tex]


Related Questions

What is the mean of the data set?

Enter your answer as a decimal in the box. Round to the nearest tenth.

mean =

Answers

Answer:

2.4

Step-by-step explanation:

1.5+1.5+2+2+2+2.5+3+3.5+4=22

22/9=2.4

Answer:

2.4 I think and hello have a great day

What is the result of the operation

Answers

Multiplication is the process of multiplying. The correct option is D.

What is multiplication?

Multiplication is the process of multiplying, therefore, adding a number to itself for the number of times stated. For example, 3 × 4 means 3 is added to itself 4 times, and vice versa for the other number.

The result of the given operation can be written as,

[tex]-2\left[\begin{array}{ccc}-3&5&1\\8&-2&3\\2&1&-4\end{array}\right][/tex]

Since for a multiplication operation, each element of the matrix is multiplied with the given term, therefore, the matrix can be written as,

[tex]= \left[\begin{array}{ccc}-3\times -2&5\times -2&1\times -2\\8\times -2&-2\times -2&3\times -2\\2\times -2&1\times -2&-4\times -2\end{array}\right][/tex]

Solving the multiplication, we will get,

[tex]=\left[\begin{array}{ccc}6&-10&-2\\-16&4&-6\\-4&-2&8\end{array}\right][/tex]

Hence, the correct option is D.

Learn more about Multiplication here:

https://brainly.com/question/14059007

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I need help can someone please help me

Answers

Answer:

If you are trying to find the other degree its 114.

Step-by-step explanation:

180-66=114

What is the COEFFICIENT in the expression s + 16?

Answers

8 I think I hope you get this right

Answer:

I think its 16

Step-by-step explanation:

32 + 2a= 6a solve for a and show the steps

Answers

move 2a to the other side, making it negative
32=6a-2a
32=4a
divide both sides by 4
8=a

Mrs Sogiba is catering for her son's birthday party. She has invited some of
her son's friends to theparty. The number of friends is a compositemultiple of her
son's age on his birthday. She has baked 48 cup cakes and each childwill receive
exactly the same number of cupcakes. Use your knowledge of factors and multiples
to find out how old her son will be on this birthday.

Answers

Answer:

48 cupcakes divided by the boys age equals amout of cupcakes per person.

Step-by-step explanation:

What is the midpoint of the segment below? (-12, -3) (3, -8)

Answers

Your answer is: D.

(-9/2,-11/2) use the midpoint formula

ANSWER FAST!! All of the following angle pairs are ALWAYS congruent when a transversal passes through 2 parallel lines EXCEPT:

Adjacent angles

Alternate Interior Angles

Alternate Exterior Angles

Corresponding Angles

Answers

Answer:

Adjacent angles

Step-by-step explanation:

HELP!!!

Find an explicit rule for the nth term of the sequence.

-5, -30, -180, -1080, ...

Answers

Answer:

multiply by 6

Step-by-step explanation:

4. There are 4 white socks, 6
black socks, 3 blue socks, and
2 red socks. What is the ratio
of blue socks to all socks in
simplest form?

Answers

The ratio of blue socks to all socks is 1:5. Explanation- there are 3 blue socks and 15 total socks. As a ratio, you would write this as 3:15. Divide by a common term (3) for both 3 and 15 and get 1:5 (3 / 3 = 1) (15 / 3 = 5)

I need help finding the area and perimeter to this question. Pls help!! Thank you!

Answers

Answer:

Perimeter: 50.27

Area: 201.06

Step-by-step explanation:

The perimeter (circumference) is radius times pi times 2

This would be 8 times pi tomes 2 and when you do that you get 50.27

For the area you would do radius squared times pi

This would be 8 squared times pi which is 201.06

Hope this is helpful

- Please mark brainliest :)

Help please I need this

Answers

9514 1404 393

Answer:

Slant Height = 20.1 kmRadius = 9 kmLateral Area = 568.3 km²

Step-by-step explanation:

The slant height is read from the diagram as 20.1 km.

The radius is half the diameter, so is 9.0 km.

The lateral area is ...

  A = πrs = π(9.0 km)(20.1 km) ≈ 568.3 km²

__

Desmos uses r for a special purpose, so we have used r₁ to signify the radius of the cone. The "round" function works only to round to an integer, so special effort must be used to get rounding to 1 decimal place.

Suppose that 20% of voters are in favor of a certain legislation. A large number n of voters are polled and a relative frequency estimate fA(n) for the above proportion is estimated. How many voters should be polled so that the probability is at least 0.95 that fA(n) differs from 0.20 by less than 0.02?

Answers

Answer:

8000 voters

Step-by-step explanation:

E is the difference between probability that is real and those which are estimated

Sd² = p(1-p)

When solve this, using the formula in the attachment,

0.95 = 1-0.2(0.2)²/n(0.02)

0.95 = 1 - 0.16/n(0.02)²

1-0.95 = 0.16/n(0.02)²

0.05 = 0.16/0.0004n

We cross multiply here

0.05 x 0.0004n = 0.16

0.00002n = 0.16

Divide through by 0.00002 to get n

n = 8000

This is the number of voters that should be polled

Five cards (a hand) are dealt from a randomly shuffled deck of cards. For those of you that are not familiar with playing cards: each card has a suit (hearts, spades, diamonds, clubs) and a symbol (aces, kings, queens, etc.). The deck contains a total of 52 cards, with 13 of each suit and 4 of each symbol. What is the probability that the hand contains a) all spades

Answers

Answer: 0.0004951

Step-by-step explanation:

Given

Five cards are from the deck

The total number of cards in the deck is 52

total spades card is [tex]13[/tex]

We have to choose 5 cards out of 13, this can be done in

[tex]\Rightarrow ^{13}C_5[/tex]

The probability of choosing 5 spade cards is

[tex]\Rightarrow P=\dfrac{^{13}C_5}{^{52}C_5}\\\\\Rightarrow P=\dfrac{1287}{2598960}=0.0004951[/tex]

Write the equation: a number increased by 4 is 10

Just checking my work I think it’s 4+x=10

I’m not sure lol

Right answer gets brainiest!

Answers

Answer:

x + 4 = 10

Step-by-step explanation:

a number: x

a number increased by 4: x + 4

a number increased by 4 is 10: x + 4 = 10

Since 4 + x and x + 4 are the same, you are correct.

Answer: I'm pretty sure your correct

Step-by-step explanation:

Early diagnosis and treatment of malaria are necessary components in the control of malaria. The gold-standard light microscopy test has high sensitivity but is a relatively time-consuming procedure especially during epidemics and in areas of high concentration. A new Cyscope fluorescence microscopy test has been developed and gives results in less than 10 minutes. The test has a specificity of 98.92% and a sensitivity of 95.48%.

Required:
a. What proportion of the people who test positive for Malaria would we expect to actually have the disease?
b. What proportion of people who test positive for Malaria will not have the disease?

Answers

Answer:

a) 0.9548

b) 0.0452

Step-by-step explanation:

Specificity of test:

The specificity of a test is the true negative rate, that is, the proportion of people without the disease that test negative.

Sensitivity of test:

The sensitivity of a test is the true positive rate, which is the proportion of people with the disease that test positive.

a. What proportion of the people who test positive for Malaria would we expect to actually have the disease?

This is the sensitivity of the test, which is of 95.48%, so the proportion if 0.9548.

b. What proportion of people who test positive for Malaria will not have the disease?

True positive rate is of 95.48%.

1 - 0.9548 = 0.0452

So the proportion of people who test positive for Malaria will not have the disease is 0.0452.

Pls help if not that’s fine just pls stop with the links

Answers

Answer:

C. 73 and 73

Step-by-step explanation:

An isosceles triangle has two angles that are the same, that narrows it down to C and D. The question states that there is only one 34° angle so it has to be C.

Answer:

C. 73° and 73°

Step-by-step explanation:

We know that the sum of interior angles in a triangle is equal to 180° and

Isosceles triangles has two angles with same measurement

it stated in the question that exactly one angle has measure of 34°

So the other two angles must be equal for the triangle to be isosceles

180 - 34 = 146 and this divided by 2

73° and 73° is the answer.


Austin buys $10 worth of food for his dog each week. There are 52 weeks in a year.
How much is Austin paying for food for his dog in a year?
Which proportion could be used to solve this problem?

Answers

Answer:

b i think

Step-by-step explanation:

What is 1,987 rounded to the nearest thousand?

Answers

Answer: 2000 hope this helps. Can u give me brainliest

Step-by-step explanation:

Answer:

2,000

Step-by-step explanation:

Since there's a 9 before the 1 you would round up the 1,987 to 2,000

Please help me asap! sorry this si english =(

Answers

1. Disappoint
2. Recall
3. Disgusted
4. Reunited
5. Prepare

A design engineer wants to construct a sample mean chart for controlling the service life of a halogen headlamp his company produces. He knows from numerous previous samples that this service life is normally distributed with a mean of 500 hours and a standard deviation of 20 hours. On three recent production batches, he tested service life on random samples of four headlamps, with these results.

Sample Service Life (hours)
1 495 500 505 500
2 525 515 505 515
3 470 480 460 470

1. What is the sample mean service life for sample 2?

a. 460 hours
b. 495 hours
c. 515 hours
d. 525 hours

2. What is the mean of the sampling distribution of sample means for whenever service life is in control?

a. 250 hours
b. 470 hours
c. 495 hours
d. 500 hours
e. 515 hours

Answers

Answer:

1. c. 515 hours

2.  c. 495 hours

Step-by-step explanation:

Sample mean:

Sum of all values in the sample divided by the number of values.

1. What is the sample mean service life for sample 2?

Sample 2 has four values, which are:

525 515 505 515

So

[tex]M = \frac{525+515+505+515}{4} = 515[/tex]

The answer is given by option C.

2. What is the mean of the sampling distribution of sample means for whenever service life is in control?

3 samples, 12 total values. We find the mean of all these values. So

[tex]M = \frac{495+500+505+500+525+515+505+515+470+480+460+470}{12} = 495[/tex]

The answer is given by option C.

The television show 50 Minutes has been successful for many years. That show recently had a share of 15, which means, that among the TV sets in use, 15% were tuned to 50 Minutes. An advertiser wants to verify that 15% share value by conducting its own survey, and a pilot survey begins with 15 households have TV sets in use at the time of a 50 Minutes broadcast.

Required:
a. Find the probability that none of the households are tuned to Lindsay and Tobias. (Round to three decimal places as needed)
b. Find the probability that at least one household is tuned to Lindsay and Tobias.
c. Find the probability that at most one household is tuned to Lindsay and Tobias.
d. If a most one household is tuned to Linday and Tobias, does it appear that the 15% share value is wrong? Why or wh not?

Answers

Answer- b

Step-by-step explanation:

its b

Please help me. I need help

Answers

Answer:

(X+1)(x+5)

Step-by-step explanation:

Answer:

the zeroes are -5 and -1 so the factors are (x + 5)(x + 1)

2 of 8
An object has a mass of 540 kg and a volume of 6 m3.
Find the density of the object in m3.
kg/m3

Answers

answer is 90Kg/m3

use this formula : Density = mass / volume

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Answer:

The correct answer is C: 1.8 Miles

Step-by-step explanation:

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Answer:

area of rectangle =72in

area of triangle = 3in

square in of plastic in ruler =69in

Find the factors of a trinomial: 121m^2-49m^2

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Answer:

alam ko ang tamat mali ngonit akot sabogna

Which equation represents "The sum of a number n and 8, subtracted from 20, is 16."
A. n + 8-20 = 16
B. 8n - 20 = 16
C. 20 - (n + 8) = 16
D. 20- 8n = 16​

Answers

answers is A
B & D show n and 8 being multiplied and it says sum
if n=28 then that makes -16=16 on C and that is incorrect
when you plug in 28 for n on A it is 16=16

10 Pounds in 4 weeks, how many in 1 week

Answers

Answer:

2.5

Step-by-step explanation:

This is unit rate. All you have to do is 10 divided by 4.

First one to answer gets BRAINLIEST no cap look at the picture.

Answers

Answer:460

Step-by-step explanation:

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