The hemmings borrowed $3 000 for home improvements. They repaid the loan and $600 in simple interest four years later. What simple annual interest rate did they pay

Answers

Answer 1

Answer:

5%

Step-by-step explanation:

Given that:

Principal = $3000

Simple Interest paid = $600

Period = 4 years

Simple interest = principal * rate * time

$600 = $3000 * rate * 4

$600 = $12000 * rate

Rate = $600 /$12000

Rate = 0.05

Hence, simple interest rate paid = (0.05 * 100%) = 5%


Related Questions

Which of the following is a fifth degree trinomial with a quadratic term and a negative leading
coefficient?

Answers

Please enter in a picture

Eddie compared prices of two auto-rental agencies for the use of a mid-size auto for one week. Right Price Auto charged a flat fee of $386 plus 20¢ per mile driven. EconoCar charged a flat fee of $344 plus 35¢ per mile driven. Which equation should he use to determine the distance in miles, m, that would make the total charges of both auto-rental agencies equal?​

Answers

Answer:

What are the options?

Step-by-step explanation:

Answer: I would help you but I do no know the answer to this either and I will help you later have a nice day

Step-by-step explanation:

the value of a second hand car is £8000. Each year it loses 20% of its value at the start of this year. work out its value in 5 year time.


pls show working out who ever answer first get marked brainest and get rated excellent. urgently needed. need asap my teacher waiting​

Answers

Answer:

0

Step-by-step explanation:

20 percent of 8000 = 1600

1600 x 5= 8000

8000 - 8000 = 0

James is earning money to buy a bicycle for $100. For each dollar James earns, his mother gives him $1. So far he has earned $14 mowing lawns and $7 wash cars. How much more must James earn in order to but the bike??

Answers

Answer:

James needs to earn 78 more dollars.

Step-by-step explanation:

If you add up all of the money James has earned, (1 + 7 + 14), it equals 22. If you subtract 22 from 100, it equals 78. Therefore James needs to earn 78 more dollars.

Answer:

$58

Step-by-step explanation:

$14*2=$28 as her mum gives another dollar for each dollar he earns

$7*2=$14  as her mum gives another dollar for each dollar he earns

then 28 + 14 = 42

100 - 42=$58

Can anyone help with number 9 please

Answers

Answer:

A) 55

Step-by-step explanation:

angle 3 is an exterior angle. to find the interior angle of the triangle, subtract angle 3 from 180

180 - 110 = 70

all the angles in a triangle add up to 180.

since angles 1 and 2 are the same, you can call them x.

70 + 2x = 180

70 - 70 + 2x = 180 - 70

2x = 180 - 70

2x = 110

2x/2 = 110/2

x = 110/2

x = 55

Answer:

A.55

Step-by-step explanation:

The angle that is not numbered =70 because it is the supplementary angles of angle 3. if that is 70 a triangle add to 180 then 180-70=110. and 1 and 2 and equal so 110/2 =55

Find the inequality represented by the graph - khan academy
PLEASE HELP

Answers

Answer:

y ≤ x - 1

Step-by-step explanation:

The slope is 1 (every unit for x, there is a unit for y, rise/run is 1/1). The y-intercept is -1, because the line crosses the y-axis at -1. The graph is shaded below the line, and the line is solid, meaning that y is less than or equal to x -1, or y x - 1.

Find the unknown angles in the following right triangle by using trigonometric ratios.

Answers

Answer:

C- 63.5

B- 26.5

Step-by-step explanation:

both are rounded

Jericho wants to start saving to
purchase a house. His goal is to save $92,400. If he deposits $56,000 into an account that pays 2.92% interest compounded daily, approximately how long will it take for his money to grow to the desired amount? Round your answer to the nearest tenth of a year.

a) 19.3 years
b) 21.7 years
c) 15.4 years
d) 17.2 years​

Answers

Answer:

its B

Step-by-step explanation:

If he deposits $56,000 into an account that pays 2.92% interest compounded daily, it takes for his money to grow to the desired amount will be 21.7 years. Option b is correct.

What is simple interest?

It is defined as the interest based on the principal amount, it does not include the compounded amount. The interest calculates on the initial amount or borrowed amount.

It is given that,

Principal(P) = $56,000

Rate(R) = 2.92%

Time(T) = x years

Interest(I)=?

The amount to be collected to save the money is,

=$92,400 - $56,000

=$36,400

Interest = $36,400

The formula for the simple interest is,

I=(P×R×T)/100

Substitute the given value as

[tex]\rm 36400=\frac{\left(56000\times \:2.92T\right)}{100} \\\\ \frac{\left(56000\times \:2.92T\right)}{100}=36400 \\\\ \frac{100\times \:56000\times \:2.92T}{100}=36400\times \:100 \\\\ 163520T=3640000 \\\\ T=\frac{1625}{73} \\\\ T=21.7 \ years[/tex]

Thus, if he deposits $56,000 into an account that pays 2.92% interest compounded daily, it takes for his money to grow to the desired amount will be 21.7 years. Option b is correct.

Learn more about the simple interest here:

brainly.com/question/22621039

#SPJ2

Help get brainiest if u help

Answers

Answer:

32ft by 20ft

Step-by-step explanation:

8x4 and 5x4

Molly has already taken 5 quizzes during past quarters, and she expects to have 4 quizzes during each week of this quarter. Write an equation that shows the relationship between the number of weeks x and the total number of quizzes y. Write your answer as an equation with y first, followed by an equals sign.

Answers

Answer:

y = 5 + 4(w)

Step-by-step explanation:

Given that:

Consider y to be the total number of quizzes and x to be the number of weeks;

The number of quizzes already taken during the past quarters = 5

The number of quizzes to be each week = 4  

Therefore, the total number of quizzes is represented by quiz given during the past quarter and the quiz to be given in the future during every week of the quarter.

i.e

Total number of quiz y = quiz already taken during the past quarter + number of quiz each week(total number of weeks)

y = 5 + 4(w)

This is the required relationship between the number of weeks x and the total number of quizzes y.

help me please!!!!!!!!!!!!!!

Answers

I'm a little rusty lol but I believe that is C, the distributive property.

Answer:

Distributive Property

Step-by-step explanation

You first ditribute the 6 to the 4x and -1.

Help............................

Answers

Answer:

I think it is B, or the second one

Step-by-step explanation:

Answer:

1

Step-by-step explanation:

13. The area A of a square is the length of a side / squared.
1

Answers

Answer:

Area = a²

Step-by-step explanation:

For a square, all 4 sides are equal. If a be the side of a square and A be its area. Then, the area of a square is given by :

Area = side²

or

Area = a²

Hence, the area of a square is square of the length of its side.

Last year, Deanna bought 225 lamps when customers needed 250 lamps. This year, she bought 300 lamps but only sold 200 lamps. Which set of statements about the percent errors for the two years is true?

Answers

Answer:

b.

Step-by-step explanation:

the percent error for this year was higher. deanna estimated better last year.

hope it helps!

write two statements of inequality please!

Answers

Can’t see the picture

Answer:

a. A number c is less than 4. A number c is less than 4. c. < An inequality is c < 4.

b. A number k plus 5 is greater than or equal to 8. A number k plus 5 is greater than or equal to 8. k + 5. ≥ ...

Step-by-step explanation:

30 points help!!!!!!!!!!!
The following function represents the production cost f(x), in dollars, for x number of units produced by company 1:

f(x) = 0.25x2 − 8x + 600

The following table represents the production cost g(x), in dollars, for x number of units produced by company 2:


x g(x)
6 862.2
8 856.8
10 855
12 856.8
14 862.2


Based on the given information, determine which company has a lower minimum and find the minimum value.
g(x) at (10, 855)
f(x) at (16, 536)
g(x) at (16, 536)
f(x) at (10, 855)

Answers

Answer:

the answer is f(x) at (16, 536)

You know x is a number less than 4. Select all the inequalities that must be true.

x 2

Answers

Answer:

X<4 (-infinty,3)

Step-by-step explanation:

It is this because it is all number that is less then 4 which mean it is 3 and below.

If x= - 2 is a solution to the equation f(x) = g(x), which one of these statements must be true?
• The graphs of f and g intersect each other at x = -2
• The graphs of f and g intersect each other at x = 2
• The graphs of f and g intersect the x-axis at -2
• The graphs of f and g intersect at the y-axis at -2

Answers

Answer:

C

Step-by-step explanation:

Suman sells a house and receives Rs. 14,25,000 after giving 5%
commission. What is the price of his house?

Answers

Step-by-step explanation:

selling p= X(let)

commission=5%

here commission amount= X*5/100

PLZZZZZZZZZZZZZZZZZZZZ HELPPPPPPPPPP MEEEEEEEEEEEE IM BEING TIMED
Train B travels 140 miles which is 40% of the total distance it will travel. What is the total number of miles Train B will travel? Show your work or explain how you found your answer.

Enter your answer and your work or explanation in the box provided.

Answers

Answer:

56

Step-by-step explanation:

i dont have time either to how work

Answer: hi hello hola

Step-by-step explanation:

Plz help❤️Urgently plz

Answers

Answer:

do a better pic

Step-by-step explanation:

What is the value of the expression: (-3) (- 1) (-2)= __________



A. – 8 B. – 17 C. 17 D. 8

Answers

Answer:

Use BODMAS and multiply the signs - ve × -ve equals +ve multiplied by another - ve is a - ve sign then multiply the figures and then multiply the final figure to the final - ve sign.

Thank you. Hope I was of help.

simplify 100y^3/98xy pls answer soon hegarty maths lazy

im giving u all my points for this pls

Answers

Answer:

50y^4x/49

Step-by-step explanation:

y^3/98

((100* y^3/98 * x) * y

2.1 y^3 * y^1=y^(3+1)=y^4

Finbar bought his home for $150,000 in 2010. Property values have increased 10% every year since he has owned the home. Which of the following equations can be ined to represent the price of the home x years after 2010?

- y = 150,000 (1.5)^x

- y = 150,000(1.1)^x

- y = 150,000(0.9)^x

- y = 150,000(0.5)^x

Answers

Answer:

Y=150,000*(1.1)*

Step-by-step explanation

As Every year the rate of increase is 10% therefore the rate 1+10%=1.1, and X is number of years. So, (1.1)*, and after x years to get the correct value you can multiply, y=150,000*(1.1)*

Answer:

y = 150,000(1.1)^x is the answer

Step-by-step explanation:

I did the test and got it right!!

Please help!!!! I don’t get it

Answers

Answer:

x = 9

m<b = 54

m<e = 54

Step-by-step explanation:

A rectangular picture measures 6 inches by 9 inches. If a copy machine makes each of the two dimensions 113 larger, by what is the percent of increase in the area of the picture

Answers

Answer:

27.7% larger

Step-by-step explanation:

6 x 113% = 6.78

9 x 113% = 10.17

Old Area = 9 x 6 = 54 sq in

New Area = 6.78 x 10.17 = 68.95

(New - Old) ÷ Old = .277 = 27.7%

Can someone help me pls

Answers

Answer:

(-0.5, 0)

Step-by-step explanation:

The easiest way to do this question is by going to the left 0.5 and seeing how far you need to go up or down.

To be a member of the choir, you must go to an audition. Henry's cousin is a member of the choir. What conjecture can you make about Henry's cousin?

A.) Henry’s cousin practices with the choir
B.) Henry is in the choir
C.) Henry’s cousin went to an audition

Answers

Answer:

A) Henry’s cousin practices with the choir

Step-by-step explanation:

becuase it says "Henry's cousin is a member of the choir."

Answer:

Henry’s cousin went to an audition.

Step-by-step explanation:

To solve, Use the law of detachment. In geometry, the law of detachment states that if P leads to Q and P is true, then Q must be true. This is written in a different format, but it is once again a conditional statement.

Review my example on how to find the rate of change for a given set of data. Let (x, y) = (11, 12) and (x', y') = (15, 16). The formula to find the rate of change for the two order pairs is: (y' - y) / (x' - x) = rate of change, so (16 - 12) / (15 - 11) = 4/4 = 1, therefore, the rate of change is 1 *

Answers

I would have labeled the points as

(x1,y1) = (11,12)

(x2,y2) = (15,16)

then used the formula

m = (y2-y1)/(x2-x1)

However, your idea works as well. I don't see any errors with your steps. Nice work.

Consider the polynomial function
g(x) = -x^4 + 2x^3 + 5x^2 – 1.
What is the end behavior of the graph of g ?

Answers

Answer: as x > infinity, g(x)> - infinity and as x> - infinity, g(x)> - infinity

Step-by-step explanation:

 Left and right ends of the given poynomial function will fall downwards (towards negative infinity).  

End behavior of a polynomial: If a polynomial function is f(x) = ax⁴ + bx³ + cx² + dx + e

          Leading coefficient → a

          Degree of the polynomial = 4

 If the degree is even and leading coefficient is negative (-), left end and right ends fall downwards.

Given in the question,

Poynomial function → g(x) = -x⁴ + 2x³ + 5x² - 1

Degree of the polynomial = 4 (even)

Leading coefficient = -1 (negative)

    Therefore, left end of the graph will fall downwards (towards negative infinity) and the right end of the graph will fall downward (towards negative infinity).

Learn more about the end behaviour of a polynomial here,

https://brainly.com/question/12021944?referrer=searchResults

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