If you earned $240 interest on a loan of $600 at an interest rate of 5%, how many years was the loan for?

Answers

Answer 1

Answer:

The loan was for 8 years.

Step-by-step explanation:

It is stated that you earned $240 interest on a loan of $600 at an interest rate of 5%.

Find the duration time by using the formula

I = Pit

Here:

'I' is the interest'P' is the total principal loan'i' is the rate of interest per year't' is the total time in years

substituting I = $240, P = $600 and i = 5%

I = Pit

t = I / Pi

 = 240 / (0.05 × 600)

 = 240 / 30

t = 8 years

Therefore, the loan was for 8 years.


Related Questions

A sphere has a radius of 4 in. Which equation finds the volune of the sphere?

Answers above on the picture^ thank you:)

Answers

The first one! It’s 4/3 times radius cubed!

Answer:

The first answer

Step-by-step explanation:

pls help find x of this and help me understand how to find it :)​

Answers

The answer is -8 the angles of the triangle are 180 so
180=42+x+76+x+78
180=2x+196
2x=-16
x=-8
X=-8
Have a nice day :)

What is the equivalent ratio of 3/10

Answers

Answer:

6/20

Step-by-step explanation:

multiply 3 x 2 then 10 x 2 and you will have an equivalent ratio. Theres alot more of them but heres a simple one.

Answer:

6/20

12/40

24/80

Step-by-step explanation:

- Save & Exit Certify
2/15
Correct
Question 4 of 15, Step 1 of 1
A rock is thrown upward with a velocity of 25 meters per second from the top of a 34 meter high cliff, and it misses the cliff on the way back down. When will the rock
be 8 meters from ground level? Round your answer to two decimal places.
Gravity Formula

Answers

Answer:

Do you have a picture because i work better with pictures

Step-by-step explanation:

- A beaker is filled with 0.23 liter of water. Leon
fills another beaker with 3 times as much
water. How much water is in Leon's beaker?
A 0.96 liter
B 0.84 liter
C 0.69 liter
D 0.47 liter

Answers

Answer:c

Step-by-step explanation:

a square and rectangle are shown below the width of the rectangle is the same length at a side of the square both represented by x the length of the rectangle is one foot more than twice its width the perimeter of the rectangle is 26 feet more than that of the square write an expression for the length of the rectangle in terms of x label of the drawing

Answers

Answer:

The answer for the length of the rectangle in terms of x is 2x+1=26

Step-by-step explanation:

Enter a range of values for x.
+
42°
3x+156
23
21
[ ? ] 

Answers

Answer:

-5<x<9

Step-by-step explanation:

It took me a while to find figure it out.

Marcus graphed a point on the number line. A number line going from 0 to 1 with 8 equal spaces between 0 and 1. A point is marked on the line half-way between 0 and 1. What fractions did he graph? Check all that apply.

Answers

Answer:

A,C,D

Step-by-step explanation:

I got it right :D

compare:

-5/6 is greater than or less than or equal to 2/3​

Answers

Answer:

less than

Step-by-step explanation:

Answer:

-5/6 is less than to 2/3

The perimeter of a rectangular field is 336 m. If the length of the field is 89 m, what is its width?​

Answers

The length of the field will be calculated as:
P=2(L+W)
P=376
W=89
thus substituting the values in the equation we get;
376=2(L+89)
376/2=(L+89)
solving for L;
188=L+89
L=188-89
L=99 yards
therefore the length is 99 yards

Hope it helps!

How do solve this problem?
find an equation of a line parallel to the given line and contains the given point. Write the equation in slope–intercept form. line 2x + 5y= -10 point (10, 4)

Answers

Answer:

y=-2/5x+8

Step-by-step explanation:

Step 1: Begin by changing the equation into slope-intercept form. Subtract 2x to both sides to get 5y=-10-2x. Divide 5 to both sides to isolate the variable, y. You should get y=-2/5x-2.

Step 2: Because we are looking for a line parallel to the given line, the slope should be the same, but the y-intercept should be different. Remove -2 to replace it with b, so it's unknown. The equation should be y=-2/5x+b. Plug in the ordered pair, (10, 4), into the equation to get 4=-2/5(10)+b. Multiply -2/5 and 10 to get -4. Add -4 to both sides and b=8. Plug in 8 and your final equation should be y=-2/5x+8.

An employer's accountant has announced that
the budget for the next year must be cut by 1/3 How much must be cut from the
budget if last year's budget was
$166,245?
A. $11,830
B. $55,415
C. $166,245
D. $498,735

Answers

I think it’s c hope that’s helped

Using the function h(x) = 2x – 3, what would the input need to be for an output of 7?

Answers

Therefore, the input needed for an output of 7 using the function h(x) = 2x - 3 is x = 5.

What is function?

In mathematics, a function is a rule that assigns a unique output or value to each input of a given set. In other words, a function is a relationship between two sets, called the domain and the range, such that for each input value in the domain, there is exactly one output value in the range. A function can be represented by a mathematical expression or formula, a graph, a table, or a set of ordered pairs. Functions are used to model various phenomena and solve problems in many fields, including science, engineering, economics, and finance.

Here,

To find the input (x) that corresponds to an output of 7, we can set h(x) equal to 7 and solve for x as follows:

h(x) = 2x - 3

Setting h(x) = 7, we get:

7 = 2x - 3

Adding 3 to both sides, we get:

10 = 2x

Dividing both sides by 2, we get:

x = 5

To know more about function,

https://brainly.com/question/28193994

#SPJ1

chose the correct one quality to match the real-world situation. Gabe will spend no more than $100.

the answer choices are
a.x ≥100
b.x≤100
c.x>100​

Answers

Answer:

B

Step-by-step explanation:

the other too are stating that Gabe will spend more than or more than/equal to $100

The length of a rectangle is three times its width. If the area of the rectangle is 243 m squared, find it’s perimeter

Answers

Answer: 72

Step-by-step explanation:

L= 3W

area of a rectangle  A= LxW

replace L with 3 W

A=3W*W= 3w^2

243=3W^2

243/3=W^2

81=w^2, and W=9

L=3*9=27

P= (L+W)=2(27+9)=72

The ratio of male employees to female employees is 1:3. If there are 144 female
employees in total, how many males are there?

Answers

Answer:

There are 48 male employees.

Step-by-step explanation:

144 divided by 3 = 48

48 x 1 = 48

Therefore there are 48 male employees.

Howard can type 70 words per minute. At this rate, how many words can he type in
15 minutes?

Answers

Answer:

1050

Step-by-step explanation:

ez

70x15

Answer:

1,050

Step-by-step explanation:

you get the answer by using 70/1=x/15 or 70x15 which is 1,050

1. Explain and give the formula for the formula for the following properties for segments in a circle.
a. Segments from Chords:

b. Segments from Secants:

c. Segments from a Secant and Tangent line:

2. Explain what a radian is and how it relates to a degree.


3. Define the following terms.
a. Inscribed Circle of a Triangle:
b. Incenter:
c. Circumscribed Circle of a Triangle:
d. Circumcenter:

Answers

Answer:

see explanation

Step-by-step explanation:

1

(a)

If 2 chords of a circle intersect then the product of the measures of the parts of one chord is equal to the product of the measures of the parts of the other chord.

(b)

If 2 secants are drawn from an external point to a circle then the product of the measures of one secant's external part and the entire secant is equal to the product of the measures of the other secant's external part and that entire secant.

(c)

If a tangent and a secant are drawn from an external point to a circle , then the square of the measure of the tangent is equal to the product of the measures of the secant's external part and the entire secant.

2

A radian is defined as the angle subtended at the centre of a circle by an arc equal to the radius of the circle.

1 revolution = 360° = 2π radians

1 radian = [tex]\frac{360}{2\pi }[/tex] ≈ 57°

3

(a)

An inscribed circle of a triangle is a circle drawn inside a circle so the circle barely touches the sides of the triangle.

(b)

The incentre is at the point of intersection of the triangle's 3 angle bisectors.

(c)

A circumscribed circle of a triangle ( circles drawn around the triangle so that the circle passes through each of the triangles's vertices.

(d)

The circumcentre is at the intersection of the perpendicular bisectors of the triangle's sides.

'

Nineteen and four hundred fifteen thousand in word form

Answers

Answer: 19,415,000

I think

Step-by-step explanation:

Hope this helps!! :)

Answer:

If I understand what your trying to do, id think it would be 19,415? (IF IT IS IN THE MILLIONS, IT MAYBE 19,415,000 ALSO!)
I may be wrong, but I hope I helped!

What is the recursive formula for this sequence? 12, 16, 20, 24, 28, ...​

Answers

Answer:

A

Step-by-step explanation:

first term is 12, and following terms are obtained adding 4 to previous term.

Which of the following is NOT equivalent to the other three?

Answers

do you have a picture to show so i can answer?

Find the value of y,please help

Answers

Answer:

4.5255

Step-by-step explanation:

Use the Pythagorean theorem (a²+b²=c²) where A and B are equal to 3.2

is 1.8L greater than 1,500 ML

Answers

Answer:

yes

Step-by-step explanation:

Answer: yes

Step-by-step explanation: 1.8 L is greater than 1,500 ML because 1.8 L equals 1800 ML.

One Liter has 100 mL

Hope this helps :)

hey ms or mr could you help me out with this problem please? ​

Answers

N would equal 3 :) shshshsh

Answer:

3

Step-by-step explanation:

We can approximate that triangle B is half the size of triangle A. We know this because the base for triangle A is six, meanwhile, for trinagle B it's 3. With this info we can then assume that in triangle A it's 10 for one side so, for triangle B it must be 5. However, there is n+2 instead. We can use the algebretic equation: 5=n+2. Once this equation is solved the answer is 3. Thus, n = 3.

A researcher randomly selected 500 students from the total of 8000 students that attended a private college in California in order to investigate the average number of hours spent studying per day at this private college. The researcher found that these 500 students studied an average of 5.75 hours a day.In the previous question, the 5.75 hours a day would be an example of a

Answers

Answer:

Statistic

Step-by-step explanation:

We are given four options

Parameter

Statistic

Sample

Population

In the given question the total number of students represents the population i.e population and the population size would be= N= 8000

The number of students selected represent a sample  the sample size would ben= 500

A statistic is used for a given sample e.g in the given question the mean of the sample represents the statistic.

A parameter is used for a population e.g in the given question the mean of the population would be a parameter. A parameter is computed from the entire population

The correct option is statistic.

Mr Tan bought a house for $410 000. He paid a deposit of 30% and took on a loan for the remaining amount. How much was his loan? Give your answer
correct to the nearest ten thousands.​

Answers

Answer:

The amount of the loan Mr. Tan borrowed was $ 287,000.

Step-by-step explanation:

Since Mr. Tan bought a house for $ 410,000, paying a deposit of 30% of its value and requesting a loan for the rest of its value, to determine the amount of the loan, the following calculation is required:

100 - 30 = 70

410,000 x 0.70 = X

287,000 = X

Therefore, the amount of the loan Mr. Tan borrowed was $ 287,000.

7•7•7•7+1+1 exponent

Answers

wdym- i don’t get the question...

Answer:

The right answer is 2,403

Step-by-step explanation:

What is the difference between heat and temperature?



How does a thermometer measure temperature?



When, if at all, does heat transfer stop?



Exit Ticket
What type of heat transfer occurs when eggs fry in a pan?



What type of heat transfer occurs when you roast a marshmallow by holding it over a campfire?


What type of food in which convection helps the cooking process? Explain your answer



When you touch a picnic table, your hand gets warmer. Explain how energy conservation applies to this situation
please answer these i give brainliest

Answers

Answer:

heat is hot and tempture is all

Need brief explanation about why false is correct

Answers

We are given the equation:

(a + b)! = a! + b!

Testing the given equation

In order to test it, we will let: a = 2 and b = 3

So, we can rewrite the equation as:

(2+3)! = 2! + 3!

5! = 2! + 3!

We know that (5! = 120) , (2! = 2) and (3! = 6):

120 = 2 + 6

We can see that LHS ≠ RHS,

So, we can say that the given equation is incorrect

1. A T-shirt company charges a design fee of $25 and then sells the shirts for $10 each. The total cost
y can be represented by the equation y = 10x + 25, where x represents the number of T-shirts. The graph
of the equation is shown. Describe what the slope and y-intercept represent.

Answers

Answer:

the slope is 10 dollars times how many ever shirts

the y-intercept is the design put on the shirt which costs 25

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