A simple interest of Ghc 37,500.00 is earned on an amount of Ghc 500,000.00 for three years. Find the rate of interest per annum?​

Answers

Answer 1

Answer:

2.5%

Step-by-step explanation:

A simple interest of Ghc 37,500.00 is earned on an amount of Ghc 500,000.00 for three years. Find the rate of interest per annum?

The formula for Rate of Interest in a simple interest is given as:

r = (1/t)(A/P - 1)

Where

t = time in years = 3 years

P = Principal = Initial amount invested = Ghc 500,000.00

A = Amount after t years =

Principal + Simple Interest

= Ghc 500,000.00 + Ghc 37,500.00

= Ghc 537,500.00

Hence:

The rate of interest = (1/3) × (Ghc 537,500.00/Ghc 500,000.00 - 1)

= r = 0.025

Converting r decimal to R a percentage

R = 0.025 × 100 = 2.5%/year

Therefore, the rate of interest per annum is 2.5%


Related Questions

A barrel contained 60 gallons of water. Water leaked out of the barrel at a rate of 6 gallons every 3 days. At this rate, how many days did it take for all 60 gallons of water to leak out of the barrel?

Answers

60/6=10
10*3=30
30 days. Hope this helps :)

Mrs. Piazza invested $8000 in a certificate of deposit that pays 3% simple interest for 4 years. How much will be in Mrs. Piazza's account at the end of 4 years?

Answers

Answer:

$8960

Step-by-step explanation:

Given

principal =  $8000

rate= 3%= 0.03

time = 4 years

Required

the final amount, we assume that this is a simple interest investment.

Step two:

[tex]A= P(1+rt)\\\\A=8000(1+0.03*4)\\\\A=8000(1+0.12)\\\\A=8000*(1.12)\\\\A=8960[/tex]

The final amount in the account is $8960

geometry:(

will give brainist!!!

Answers

Answer :

Should be this I’m not sure though

Step-by-step explanation:

Please help me out!!!!!

Answers

Answer:

Step-by-step explanation:

A store sells candles. Each cans,e costs the same amount. During a sale, the store reduces the price of each candle by $1.70, Owen spends $11.96 on 4 candles at the sale price. What was the price of 1 candle before the sale?

Answers

The answer is 4.69

11.96/4= 2.99
2.99+1.70= 4.69

help me please!!!!!!!!

Answers

Answer:

(5x-1)(3x+2)

(if you don't want to do all of this you can use

Step-by-step explanation:

((3•5x2) +  7x) -  2

Factoring  15x2+7x-2

The first term is,  15x2  its coefficient is  15 .

The middle term is,  +7x  its coefficient is  7 .

The last term, "the constant", is  -2

Step-1 : Multiply the coefficient of the first term by the constant   15 • -2 = -30

Step-2 : Find two factors of  -30  whose sum equals the coefficient of the middle term, which is   7 .

     -30    +    1    =    -29

     -15    +    2    =    -13

     -10    +    3    =    -7

     -6    +    5    =    -1

     -5    +    6    =    1

     -3    +    10    =    7    That's it

Step-3 : Rewrite the polynomial splitting the middle term using the two factors found in step 2 above,  -3  and  10

                    15x2 - 3x + 10x - 2

Step-4 : Add up the first 2 terms, pulling out like factors :

                   3x • (5x-1)

             Add up the last 2 terms, pulling out common factors :

                   2 • (5x-1)

Step-5 : Add up the four terms of step 4 :

                   (3x+2)  •  (5x-1)

            Which is the desired factorization

Answer:

(5x-1)(3x+2)

Step-by-step explanation:

hope this helps!!

Emma's grandmother sent her an $80 bookstore gift card for her birthday. Emma wants to make sure that her purchases don't exceed the amount of her gift card. So far, she has selected books that cost $8.95, $11.95, $22.25, and $24.95. She has also found a calendar she likes for $8.25. Round each item up to the next dollar to overestimate the total cost of the items in Emma's shopping basket.

Answers

Answer: total cost of the estimated  items = $76

Step-by-step explanation:

 Step 1

Rounding up each item to the next dollar

Book 1 = $8.95 ≈ $9.00

Book 2 = $11.95≈ $12.00

Book 3 = $22.25≈$22.00

Book 4 =   $24.95≈$25.00

Calendar = $8.25 ≈$8.00

Step 2

The total estimated cost of items in Emma's shopping basket =$9.00+$12.00+$22.00+$25.00+$8.00

=$76  which did not exceed the amount of bookstore gift card of $80 sent by her grandmother.

Answer: 78$

Actual                            Estimate

$8.95 --------------------------$9.00

$11.95--------------------------$12.00

22.25--------------------------$23.00

$24.95------------------------$25.00

 $8.25--------------------------$9.00

Then add the estimate numbers to get $78

f the line with equation y=−2x+7 is rotated 90° clockwise about the origin, what are the coordinates of the image of its y-intercept?

A. (2,0)
B. (7,0)
C. (0,−7)
D. (−7,0)

Answers

Answer:

B

Step-by-step explanation:

I looked it up

The line with equation y=−2x+7 is rotated 90° clockwise about the origin, the coordinates of the image of its y-intercept is D  (−7,0).

What is y-intercept of a function?

The intersection of the graph of the function with the y-axis gives y-intercept of that function.

The y-intercept is the value of y on the y-axis at which the considered function intersects it.

Assume that we've got: y = f(x)

At y-axis, we've got x = 0, so putting it will give us the y-intercept.

Thus, y-intercept of y = f(x) is y = f(0)

To find the y-intercept of the line y=-2x+7. When x=0 we have that y=-2·0+7, y=7,

then point (0,7) is the y-intercept.

When we rotate this line 90° clockwise about the origin, then point (0,7) will be placed on the x-axis in positive x-direction.

Rotation preserves the distances, then the coordinates of the image are (7,0).

The correct choice is D  (−7,0).

Learn more about y-intercept here:

https://brainly.com/question/16540065

#SPJ2

Helpppppppppppppppppp

Answers

Y= 1(4) + 0
Y= 4+ 0
Y=4

Over the past month, a hairstylist has had 56 female clients and 24 male clients. What is the ratio of male clients to female clients for this hairstylist?

Answers

Answer:

24:56

Simplified: 8:7

Step-by-step explanation:

select the correct answer which graph passes the vertical line test​

Answers

Answer:

Step-by-step explanation:

Do you have the options?

For the vertical line test, you can only use the X  once per Y. You can not have more than one X.

Facts do you have any options I could choose from?

3.4 code practice: Question 1

Answers

Answer:

color = input("What color? ")

if (color == "yellow"):

  print("Correct!")

else:

  print("Nope")

A student starts a new semester with $30 in their lunch
account.Each lunch at school costs $1.75.What is the relationship between the number of school
lunches purchased, n, and the dollar amount in the account, A?

Answers

Answer:

28.25

Step-by-step explanation:

Y -7=2
6. Help me please ayuda

Answers

Answer:

54

Step-by-step explanation:

First add 7 to both sides to cancel out the -7

y/6-7(+7)=2(+7)

Then, multiply 6 to both sides to cancel the 6

y/6(6)=9(6)

y=54

what makes a solution different from other mixtures?
plz help​

Answers

Answer:

In a mixture, substances are generally just mixed and are not completely dissolved. In a solution, substances are dissolved completely and they cannot be filtered out. Mixture comprises two or three compounds that aren't fused chemically. They have no physical interaction

Step-by-step explanation:

PLEASE HELP ILL GIVE BRAINLIEST!!

Answers

Hi I think it’s yellow I’m not 100 percent sure

Answer:

Yes it is yellow

Step-by-step explanation:

You are correct

Can someone please help me with my math asap​

Answers

Answer:

A) 15x - 12

General Formulas and Concepts:

Pre-Algebra

Distributive Property

Algebra I

Combining Like Terms

Step-by-step explanation:

Step 1: Define

5x(3 - 12x) - 3(4 - 20x²)

Step 2: Simplify

Distribute:                         15x - 60x² - 12 + 60x²Combine like terms:         15x - 12

Please can someone help????

Answers

Proof:

Consider [tex]\triangle WXZ, \triangle YZX:[/tex]

[tex]\overline W\overline X = \overline Y\overline Z[/tex] (given)

[tex]\angle WXZ = \angle YZX[/tex] (alternate angles are equal, [tex]\overline W\overline X\parallel \overline Y\overline Z[/tex])

[tex]\overline Z \overline X[/tex] is a common side

∴ [tex]\triangle WXZ \cong \triangle YZX[/tex] (SAS)

Hope this helps :)

Which expression represents the phrase 17 less than three times a number

Answers

This is an algebra expression. What we do is write it down in simplest form.

1. Write down equation

= 17 - 3 x n

= 3 x n + (-17)

I hope this answer helped. Have a great day everyone!

Which ordered pair represents the translation of R to S?

Answers

I believe it is -3, 5

HELPPPPPPPPPPPPPPPPPP!

Answers

Answer is answer 17 plus 78

Can someone help me with these problems step by step? It’s pre-algebra so it’s not rlly that hard.

Answers

Answer:

11

Step-by-step explanation:

√121=11 so right answer is B

plz help urgent 20 PTS

Answers

Answer:

ABFE - 50

BFGC - 25

EFGH - 50

Step-by-step explanation:

Answer:

abfe 50. bfgc 25 efgh 50

Can you solve this by explaining.

Answers

Answer:

The answer is 1

Step-by-step explanation:

Start by solving the division part of the equation. In order to do that, you have to flip the fraction (reciprocal) and switch from division to multiplication, thus getting 3 x 3 = 9. Now you have 9 – 9 + 1, and from there you can simply work from left to right and get your final answer: 1.

Answer
1
Explanation

To divide by a fraction, multiply by the reciprocal of that fraction

9-3x3+1

Multiply the numbers

9-9+1

Since two opposites add up to zero, remove them from the expression

1

If A = 117 degrees, B = 12 degrees, and b = 12, find a. Round to the nearest tenth.​

Answers

Answer:

a = 51.4

Step-by-step explanation:

sinA = sinB

  a         b

sin(117) = sin(12)

   a             12

a * sin(12) = 12 * sin(117)

a = 12 * sin(117)

         sin(12)

a = 51.4

Somebody help um please

Answers

last one for sure, the others im not too sure about

Answer:

the last one and the second one I think. Maybe the first one not very sure.

Plz ANSWER QUICK! WILL GIVE BRAINIEST! ANSWER CORRECTLY!

20 percent of 120 is the same as 25 percent of what number?
A. 960
B. 96
C. 15

Answers

I’m pretty sure the answer is C

What is this
y=3x-4

Answers

Answer:

4/3 or 1.3

Step-by-step explanation:

y= 3x-4

To find x- intercept/zero, Substuite y=0.

0= 3 x -4

Move the variable to the left-hand side and change its sign

-3x= -4

Divide both sides of the equation by -3

x= 4/3

(1.3 as a decimal)

Write an expression to describe the sequence below. Use n to represent the position of a term in the sequence, where n = 1 for the first term. -91, -194, -291, -388

Answers

Answer:

[tex]T_n = -97n[/tex]

Step-by-step explanation:

The actual sequence is: -97, -194, -291, -388

Required

Determine the nth term

nth term of an arithmetic progression is:

[tex]T_n = T_1 + (n - 1)d[/tex]

Where

[tex]T_1 = First\ Term = -97[/tex]

[tex]d = Common\ Difference = -194 - (-97) =-97[/tex]

So:

[tex]T_n = T_1 + (n - 1)d[/tex] becomes

[tex]T_n = -97 + (n - 1) * -97[/tex]

[tex]T_n = -97 -97n + 97[/tex]

Collect Like Terms

[tex]T_n = -97n + 97-97[/tex]

[tex]T_n = -97n[/tex]

Hence, a term of the sequence is:

[tex]T_n = -97n[/tex]

Please help me circles.....

Answers

Answer:

95

Step-by-step explanation:

The equation is

x×2=285-x

3x=285

x=95

Answer:

x = 75°

Step-by-step explanation:

There are many Circle Geometry Rules. We will be using the following:

The angle at the centre of the circle is twice the angle at the circumference.

x = the angle opposite 285 - x.

This means that 360 - (285 - x) = 2x

360 - 285 + x = 2x

75 + x = 2x

We can simplify this by taking away x from both sides.

75 = x

We can check this by substituting x into the orginal equation.

360 - (285 - x) = 2x

360 - (285 - 75) = 2 * 75

360 - 210 = 2 * 75

150 = 2*75

150 = 150

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