isabelladove isabelladove
  • 03-02-2022
  • Mathematics
contestada

If the simple interest on $5,000 for 9 years is $1,800, then what is the interest rate?
The rate is %.

Respuesta :

jdoe0001 jdoe0001
  • 03-02-2022

[tex]I = Prt\qquad \begin{cases} I=\textit{interest earned}\dotfill & \$1800\\ P=\textit{original amount deposited}\dotfill & \$5000\\ r=rate\to r\%\to \frac{r}{100}\\ t=years\dotfill &9 \end{cases} \\\\\\ 1800=5000(\frac{r}{100})(9)\implies \cfrac{1800}{5000(9)}=\cfrac{r}{100}\implies \cfrac{1}{25}=\cfrac{r}{100} \\\\\\ 100=25r\implies \cfrac{100}{25}=r\implies \stackrel{\%}{4}=r[/tex]

Answer Link

Otras preguntas

find the circumference of a circle whose radius is 15.4cm
find the circumference of a circle whose radius is 15.4cm
jasmines cd collection is 3/8 jazz 1/4 rap and the rest is rock music what is the fraction of rock music
find the circumference of a circle whose radius is 15.4cm
find the circumference of a circle whose radius is 15.4cm
jasmines cd collection is 3/8 jazz 1/4 rap and the rest is rock music what is the fraction of rock music
In scientific notation, what is the sum of 2.3 times 10^{-3} and 5.4 times 10^{-4}?a. 2.84 times 10^{-3}b. 5.63 times 10^{-3}c. 7.7 times 10^{-7}d. 12.42 times
In scientific notation, what is the sum of 2.3 times 10^{-3} and 5.4 times 10^{-4}?a. 2.84 times 10^{-3}b. 5.63 times 10^{-3}c. 7.7 times 10^{-7}d. 12.42 times
find the circumference of a circle whose radius is 15.4cm
What value of x makes the equation true ? 4(2x-4)=16