MattoxF528689 MattoxF528689

25-10-2022
Mathematics

contestada

At what rate (%) of simple intrest will $5,000 amount to $6,050 in 3 years?

Respuesta :

EmmaleahZ245855 EmmaleahZ245855

25-10-2022

Rate of interest for

A = $5000

THEN apply formula

A-P= P•R•T/100

T = 3 years

Then

6050 - 5000= 1050 =

1050= P•R•T/100

Now find R

R= (1050•100)/(P•T) = (105000)/(5000•3) = 7

Then ANSWER IS

ANUAL RATE(%) = 7%

Answer Link

Otras preguntas

i need help with this question plz

Write the verbs in brackets. Use the zero conditional. 1- if it (rain), the streets (get) wet. 2- my mother (get) angry when I (not do) my homework everyday. 3-

2. If j(x) is Joe's shoe size at x years of age, what is j(2)?

10.00 cL = mL what is the answer

Help please thanks asap

please help i have no idea what i’m doing

Errol works as a delivery driver for Uber Eats, he uses the expression 50 + 7.50e to keep track of his wages. His sister Cheryl works for DoorDash, she uses the

One year, the population of a city was 193,000. Several years later it was 162,120. Find the percent decrease.

i am so lost please help

Explain how the process of distillation can be used to remove dissolved impurities from a sample of water.