You deposit $500 in an account that earns simple interest. The difference between the total interest earned after 3 years and the total interest earned after 1 year is $30. What is the annual interest rate? please show formula as well

Answers

Answer 1

Answer:

[tex]3\%[/tex] p.a.

Step-by-step explanation:

The formula for simple interest is [tex]I=PRT[/tex] ([tex]I =[/tex] interest, [tex]P =[/tex] principal, [tex]R =[/tex] rate)

First, let's express the interest earned in one and three years:

[tex]I_{1} = PRT_{1}[/tex] (finding the interest earnt in one year)

[tex]I_{1} = \$ 500\times R \times 1[/tex]

[tex]=\$ 500R[/tex]

[tex]I_{2} = PRT_{2}[/tex] (finding the interest earnt in three years)

[tex]I_2 = \$ 500 \times R \times 3[/tex]

[tex]=\$ 1500R[/tex]

From the information "The difference between the total interest earned after 3 years and the total interest earned after 1 year is $30", we can write:

[tex]I_{2}-I_{1} = \$ 30[/tex]

[tex]\$ 1500R - \$500 R = \$ 30[/tex]

[tex]\$ 1000R = \$ 30[/tex]

[tex]R = 0.03[/tex]

[tex]=3\%[/tex] p.a.

∴ The annual interest rate is [tex]3\%[/tex]

Hope this helps :)

Answer 2

The annual interest rate if You deposit $500 in an account that earns simple interest. The difference between the total interest earned after 3 years and the total interest earned after 1 year is $30 is 3%.

What is interest?

When the loan is given to you, then some amount is charged to you for the principal amount and that is called interest.

Given:

The principal amount, P = $500,

Time, t = 1 year and T = 3 year,

Calculate the interest by the formula given below,

[tex]SI = P\times R\times T / 100[/tex]

Here, SI is the simple interest.

So for 1 year time,

Substitute the values,

SI = 500 × R × 1 / 100

SI = 5R

Now for 3 year

SI = 15R

But 15R - 5R = 30 (Given in question)

R = 3%

Therefore, the annual interest rate if You deposit $500 in an account that earns simple interest. The difference between the total interest earned after 3 years and the total interest earned after 1 year is $30 is 3%.

To know more about interest:

https://brainly.com/question/29222674

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Related Questions

The coordinates of the turning point of the graph of
y = x
2 − 8x + 25 is (4,9).
Hence describe the single transformation which maps
the graph of y = x

2 onto the graph of

y = x
2 − 8x + 25.

Answers

Answer:

(x + 4), (y + 9)

Step-by-step explanation:

y= x^2 and y = x^2 - 8x + 25 are parabolas which open upwards.

The turning point of y = x^2 is at the origin (0, 0).

So the transformation is 4 units to the right and 9 units upwards:

(x + 4), y+ 9).

I need help plz on this question

Answers

The answer is -1/3 hope this helped

Answer:

-1/3

Step-by-step explanation:

Which of these strategies would eliminate a variable in the system of equations?
\begin{cases} 6x + 5y = 1 \\\\ 6x - 5y = 7 \end{cases}









6x+5y=1
6x−5y=7


Choose all answers that apply:
Choose all answers that apply:

(Choice A)
A
Subtract the bottom equation from the top equation.

(Choice B)
B
Add the equations.

(Choice C)
C
Multiply the top equation by 777, then subtract the bottom equation from the top equation.

Answers

9514 1404 393

Answer:

A  Subtract the bottom equation from the top equation.B  Add the equations.

Step-by-step explanation:

The x-terms are the same in each equation, so subtracting one equation from the other will eliminate the x-variable.

The y-terms are opposites in the two equations, so adding the two equations will eliminate the y-variable.

Both strategies (subtracting, adding) are applicable to this system of equations.

Please show your work and solve the proportion!

Answers

Answer:

x = 1/9

Step-by-step explanation:

we want to solve the proportion;

we simply cross multiply the values

Mathematically, that will be calculated as follows;

6x * 21 = 2 * 7

6x * 21 = 14

6x = 14/21

2(3x) = 2(7/21)

3x = 7/21

3x = 1/3

x = 1/3/3

x = 1/9

The population of cina is approximately 1.381×10^9 and the population of the united states is approximately 3.23×10^8 about how many people live in both countries combined?Express your answer in scientific notation

Answers

Answer:

The number of people living in both countries is 1.704 x 10⁹

Step-by-step explanation:

Given;

Population of people in China, = 1.381 x 10⁹

Population of people in united states, = 3.23 x 10⁸

The total number of people living in both countries is given as;

Total population = 1.381 x 10⁹ + 3.23 x 10⁸

Total population = 1.381 x 10⁹ +  0.323 x 10⁹

Total population = (1.381 + 0.323) x 10⁹

Total population = 1.704 x 10⁹

Therefore, the number of people living in both countries is 1.704 x 10⁹

x + y = 42, xy = 108 then what is x and y. Is there any (non-quadratic)formula for finding this instead of the process of elimination

Answers

Answer:

when x = 39.25, y = 2.75

when x = 2.75, x = 39.25

Step-by-step explanation:

use substitution method

x+y = 42 ------ (1)

xy = 108 ------ (2)

from (1) ,

x+y = 42

y = 42-x ------ (3)

substitute (3) into (2)

xy = 108

x( 42-x ) = 108

42x - x² = 108

-x² + 42x - 108 = 0

x² - 42x + 108 = 0

use the following formula to solve the value of x:

[tex]i) \: x = \frac{ - b + \sqrt{ {b}^{2} - 4ac } }{2a} \: \\ ii) \: x = \frac{ - b - \sqrt{ {b}^{2} - 4ac } }{2a} [/tex]

a = 1

b = -42

c = 108

[tex]i) \: x = \frac{ - b + \sqrt{ {b}^{2} - 4ac} }{2a} [/tex]

[tex]x = \frac{ - ( - 42) + \sqrt{( - 42) {}^{2} - 4(1)(108)} }{2(1)} [/tex]

[tex]x = \frac{42 + \sqrt{1764 - 432} }{2} [/tex]

[tex]x = \frac{42 + \sqrt{1332} }{2} [/tex]

[tex]x = \frac{42 + 6 \sqrt{37} }{2} [/tex]

[tex]x = 21 + 3 \sqrt{37} [/tex]

[tex]x = 39.25[/tex]

[tex]ii) \: x \: \frac{ - b - \sqrt{ {b}^{2} - 4ac} }{2a} [/tex]

[tex]x = \frac{ - ( - 42) - \sqrt{( - 42) {}^{2} - 4(1)(108} }{2(1)} [/tex]

[tex]x = \frac{42 - \sqrt{1764 - 432} }{2} [/tex]

[tex]x = \frac{42 - \sqrt{1332} }{2} [/tex]

[tex]x = \frac{42 - 6 \sqrt{37} }{2} [/tex]

[tex]x = 21 - 3 \sqrt{37} [/tex]

[tex]x = 2.75[/tex]

the 2 values of x are x = 39.25 and x = 2.75

substitute x = 39.25 into (3)

y = 42-x

y = 42-39.25

y = 2.75

substitute x = 2.75 into (3)

y = 42-x

y = 42-2.75

y = 39.25

when x = 39.25, y = 2.75

when x = 2.75, x = 39.25

What are the solution points for the system graph?
A)

(0,2)

B)

No solution

C)

(0,1)

D)

(0,0)

Answers

Answer:

if i right it (0,2)

Step-by-step explanation:

i hope u get it right

Answer:

No Solutions

The two equations do not have any intersecting points, so the answer would be zero solutions.

Step-by-step explanation:

If point A is located at (-12, 6) on a coordinate plane, and point B is located at (4, 6), what is the distance between the two points? *

Answers

Answer:

the answer is (7,5) (5,5)

Gabby spents $44.10 for 14 gallons of gas.what was the unit cost or price per gallon

Answers

Answer:

The unit cost is $3.15

Step-by-step explanation:

Here, we want to get the price per gallon

mathematically, that will be total amount spent divided by the number of gallons

That will be;

44.10/14 = $3.15

Find the equation of the line y=___x+___

Answers

Answer:

y = 3x + 3

Step-by-step explanation:

...............................

Y=3x+3/1 should be right

HELP PLEASE!!!!

Review the function equation below.
y = −9x + 3
Enter the slope of the function in the box.

Answers

-9 is the answer

your welcome

A train travels at a speed of 58.6 km/h. Express this speed in
a. m/s
b. cm/min​

Answers

Answer:

16.27778 m/s

97666.6667 cm/min

Step-by-step explanation:

a. To convert km/hr into m/sec, multiply the number by 5 and then divide it by 18.

m/s = (58.6 * 5) /18 = 16.27778 m/s

b. 1 Kilometer/Hour = 1666.66666666667 Centimeter/Minute

so 58.6 * 1666.666 =97666.6667 cm/min

PLEASE HELP QUICKLY AS POSSIBLE THANK YOU :) ​

Answers

Answer:

12

Step-by-step explanation:

Answer: 12

Step-by-step explanation: Subtract 6 - 4 = 2. 2 * 2 = 4. 4 + 5 = 9. 9 - 3  = 6. 6 +6 = 12

two irregular pentagons are constructed so that every side has length of 1 unit. Does this necessarily mean that these figures are congruent with one another

Answers

Answer:

la repuedta es la tila idnjxnfozmsuzndybdjsnshsbsb

Find all real values of x that satisfy the equation x^2 - 7x = 98.

Answers

du behöver först förenkla talet

x/2-7x=98

2-8x=98

98-2=96
7x/98=14

So x=14

The points (5, 7) and (4, 5) fall on a particular line. What is its equation in slope-intercept
form?

Answers

Answer:

y=2x−3

Step-by-step explanation:

What is the Least Common Denominator for the two fractions? 1/4 and 7/10​

Answers

Answer:

1/4

Step-by-step explanation:

Answer:

20

Step-by-step explanation:

Help me and I’ll give brainliest to u

Answers

Answer:

7p

Step-by-step explanation:

Since it is 7 dollars per person, and p stands for person, the admission fee would be 7p.

Thank you, I hope you learned from this answer! If it did help, please mark this as brainliest! Thank you!

11x + 18 = 172 not a test i need the right awnser

Answers

Answer:

x=14

Step-by-step explanation:

11x+18=172, subtract 17 from both sides, 11x=154, divide 11 from both sides, x=14

When we solve the inequality, will we keep or switch the inequality sign?

−6+y< 3

Answers

Answer:

You keep the inequality sign.

Step-by-step explanation:

Please mark brainliest.

Answer: you would keep the sign

Find the y-intercept and x-intercept of the line.
x-3y=6

y-intercept:

x-intercept:

Answers

Answer:

x=(6,0)     y=(0,-2)

Step-by-step explanation:

hope it helped:)

Percent Problems
Tools
5
A gumball machine has 450 red gumballs. If the red gumballs are 75% of the total number of gumballs, how many gumballs are in
the gumball machine?
OA. 375
OB. 600
OC. 525
OD. 337.5

Answers

the correct answer is D. 337.5

I'LL GIVE BRAINLIEST!!

Answers

Answer: 3

Step-by-step explanation:

1. 2²=4

2. 4*5=20

3. 180/20=9

4. √9=3

Hope this helped :)

Answer:

x = 3

Choice 2

Step-by-step explanation:

180 = 2^2 * x^2 * 5

180 = 20x^2

9 = x^2

x = 3

Checking:

180 = 2^2 * 8^2 * 5

180 = 4 * 9 * 5

180 = 36 * 5

180 = 180

What appears to be the range of the part of the function shown on the grid?
(A) g(x) = 2x
(B) g(x) = x - 3
(C) g(x) = x - 8
(D) g(x) = 2x - 8

Answers

Answer:

D) g(x) = 2x-8

Step-by-step explanation:

Solve the following system of equations using substitution.
y = 2x-2
-4x-y = 26

Answers

Answer:

x = -4

y= -10

Step-by-step explanation:

Solving for x

-4x-y = 26

-4x-(2x-2) = 26

-6x+2 = 26

-6x = 24

x = -4

Solving for y

y = 2x-2

y = 2(-4) -2

y= -8-2

y = -10

how many days into xmas ?

Answers

Answer:

Christmas is in 10 days!

Other:

Brainliest? Thanks!

The length of a rectangle deck is 3 times its width. If the deck's perimeter is 16 ft, what is the deck's area?

Answers

Answer:12

Step-by-step explanation:

3x+3x+x+x=16

8x=16 so x =2

2*3=6 6*2=12

Answer:

12 sq ft

Step-by-step explanation:

let w = width

let 3w = length

w + w + 3w + 3w = 16

8w = 16

x = 2

Area = 3(2) x 2

A = 6 x 2

please help I would really Appreciate it so much ​

Answers

Answer:

I think it is b

Step-by-step explanation:

it is 3a times all of the numbers in parenthases

hope you pass your test

HAPPY NEW YEAR

Answer:

the answer is 15a+12ac+6ab

Step-by-step explanation:

3a(5+4c+2b)

(3a)(5+4c+2b)

(3a)(5)+(3a)(4c)+(3a)(2b)

15a+12ac+6ab

6ab+12ac+15a

hope this helps!

12. Write an equation in slope-intercept form that passes through (5,-2) and (-16,4).​

Answers

Slope: (y2-y1)/(x2-x1)
(4+2)/(-16-5) = 6/-21 = -2/7
Y = -2/7x + b
5 = -2/7(-2) + b, b = 31/7
Equation: y = -2/7x + 31/7

Answer:

Slope: (y2-y1)/(x2-x1)

(4+2)/(-16-5) = 6/-21 = -2/7

Y = -2/7x + b

5 = -2/7(-2) + b, b = 31/7

Equation: y = -2/7x + 31/7

Step-by-step explanation:

pllzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Answers

Answer: its most likely p to the power of 6 :)

Step-by-step explanation:

Answer:

The answer for (p^3)^2 is p^6

Step-by-step explanation:

Hope this helps!

Plz, mark brainiest! ^.^

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