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

Which best explains the cause of Hank Aaron's aches and pains
Which of these is a concept the Romantics valued? A. Imagination B. Science C. Imperialism D. Institutionalism
What is contained in this sentence? Although there are eight species of tigers, three of them are extinct. compound subject compound verb subordinate clause phr
The best temperature for short-term refrigeration storage is?
the geographic distribution of the swimming reptile mesosaurus provides evidence that
Identify the phrase in this sentence. The cheetah moves quickly through the tall grass. A. The cheetah moves B. through the tall grass C. moves quickly throu
What is the definition of the Lactic Acid system?
Please help its due tommorow Antonym of earlier
which of the following represent the quotient of nine times a number and seven 9n÷7 9n-7 9(n+7)
Add. Write your answer in simplest form. 5/8+7/8