Li deposited $17,500 into a bank account that earned simple interest each year. After 2 years, he had earned $2975 in interest.

No money was deposited into or withdrawn from the account.

What was the annual interest rate?

Enter your answer in the box.

Answers

Answer 1

Answer:  8.5%

Step-by-step explanation:

Formula : Simple interest = (Principal) x (annual interest rate) x (Time)    (i)

Given: Principal : P = $ 17,500

Time : 2 years

Simple interest : I = $ 2975

Let r = annual

[tex]2975=17500\times(r)\times(2)[/tex]

[tex]\Rightarrow\ r=\dfrac{2975}{17500\times2}\\\\\Rightarrow\ r=0.085\\\\\Rightarrow\ r=0.085\times100\\\\\Rightarrow\ r=8.5\%[/tex]

Hence, The annual interest rate was 8.5%.


Related Questions

Evaluate the question and simplify

Answers

The answer is 11.

Step-by-step explanation:

19-25\19-15

44/4= 11

Solve the following proportion for U.
17/13 = u/6
Round your answer to the nearest tenth.
(I have no idea if you would actually have to round)

Answers

u would equal 7.8 :)))))))

Points (-2, 4) and (-1, 1) lie on the same line. Which of the following equations represents the line

Answers

Answer:

y = -3x - 2

Step-by-step explanation:

Given the coordinates  (-2, 4) and (-1, 1), we are to find the equation of a line passing through the points.

The standard form of the equation is expressed as;

y = mx+c

m is the slope

m = y2-y1/x2-x1

m = 1-4/-1+2

m = -3/1

m = -3

get the y-intercept c;

Substitute m = -3 and any point say (-1,1) into the equation y = mx+c

1 = -3(-1) + c

1 = 3 + c

c = 1-3

c = -2

Get the required equation;

y = mx+c

y = -3x + (-2)

y = -3x - 2

Can someone help plz

Answers

Answer:

84g

Step-by-step explanation:

399÷19=21

21 x 4 = 84

Helppp I’ll mark you as brainlister you

Answers

Answer:

[tex]\triangle KLM \sim \triangle GFH[/tex]

Step-by-step explanation:

In similar triangles, the corresponding angles must be congruent. We see from the diagram that [tex]\angle K \cong \angle G[/tex], [tex]\angle L \cong \angle F[/tex], and [tex]\angle M \cong \angle H[/tex]. Therefore, [tex]\triangle KLM \sim \triangle GFH[/tex].

y = - x + 7 on a graph

Answers

Answer:

(See the attachment)

Step-by-step explanation:

None

1.) What is the maximum number of zeros for the following function
f(x) = x - 2x2 - 11x + 12

Answers

Answer:

-14x+12

Step-by-step explanation

f(x)=-14

10 POINTS!!!! for the most meaningful message along with a Brainliest

Answers

Answer:

If you always give without thinking of receiving something, you will get more than you need later.

-lorraine9fig

Step-by-step explanation:

Yes. I used my own quote.

"Challenges are what make life interesting and overcoming them is what makes life interesting"

-Joshua J. Marine

"Don’t Let Yesterday Take Up Too Much Of Today."

-Will Rogers

“You Learn More From Failure Than From Success. Don’t Let It Stop You. Failure Builds Character.”

– Unknown

“It’s Not Whether You Get Knocked Down, It’s Whether You Get Up.”

–Vince Lombardi

“Failure Will Never Overtake Me If My Determination To Succeed Is Strong Enough.”

– Og Mandino

“We May Encounter Many Defeats But We Must Not Be Defeated.”

– Maya Angelou

“The Only Limit To Our Realization Of Tomorrow Will Be Our Doubts Of Today.”

– Franklin D. Roosevelt

Slope From Graph.. Help

Answers

slope is 3

Step-by-step explanation:

y2-y1/x2-x1

so 3-0/-1--2 or 3-0/-1+2

Skye ran rlaps today at soccer practice. Nadine ran five fewer laps than Skye. If Nadine ran eight laps at practice, which of the following equations could be used to find how many laps Skye ran?
r-5= 8
r+5 = 8
r=8-5
-5r=8

Answers

Answer:

A. r - 5 = 8

Step-by-step explanation:

If Nadine ran 5 fewer laps than Skye, and Nadine ran eight laps, "r" equals 13.

Bus 26 takes 2 3/4 hours to complete its bus route. How many times can Bus 26 complete its route in 16 hours?

Answers

Answer:

i dont understand the question

Step-by-step explanation:

Plz help Me on this question

Answers

Answer:

what is it

Step-by-step explanation:

Answer:

Naruto

Step-by-step explanation:

Uzmaki

A spice merchant divided 9/10 of a pound of ground cinnamon into 3 equal packages. She then sold the ground cinnamon to restaurants and bakeries. What was the weight of ground cinnamon in each package?

Answers

Answer:the answer is 0.3

Step-by-step explanation:

What is the lcm of 11 and 14

Answers

Answer:

154

Step-by-step explanation:

What is the remainder when
f(x) = 2x4 + x2 – 8x – 1 is divided
by x - 6?

Answers

Answer:

Step-by-step explanation:

x - 6 = 0

x = 6

f(x) = 2x⁴  + x² - 8x - 1

     =2(6)⁴+ 6² - 8*6 - 1

     = 2*1296 + 36 - 48 - 1

     = 2592 + 36 - 48 - 1

     = 2628 - 49

     = 2579

C
L 6.1.3 Quiz: Exponents
Question 4 of 10
Which of the following is equal to divide 9•4

Answers

Answer:

36 ÷ 9= 4

Step-by-step explanation:

9 x 4= 36

The division equation for this is 36 ÷ 9= 4

The product of the expression 9 and 4 is 36.

What is Multiplication?

Multiplication of two numbers is defined as the addition of one of the number repeatedly until the times of the other number.

a × b means that a is added to itself b times or b is added to itself a times.

Give that we have to multiply 9 with 4.

This means that 9 has to be added repeatedly up to 4 times or 4 has to be added repeatedly up to 9 times.

In both cases, the product must be the same.

9 multiplied by 4 =  9 + 9 + 9 + 9

Which is also equal to,

4 + 4 + 4 + 4 + 4 + 4 + 4 + 4 + 4

= 36

Hence the product is 36.

Learn more about Multiplication here :

https://brainly.com/question/19943359

#SPJ7

20 POINTS TO FIRST CORRECT ANSWER! Sorry for the bad quality!!

Answers

Answer:2=42 3=82 4=122

Step-by-step explanation:

If there is already 2, all you have to do is take away 2 from 162 and then divide by the empty spaces (in this case 4) 160/4 = 40.

HELP! i'll give brainliest just please help me ;(

Answers

12. SAS
And 14 is either SAS or none. The rest are correct

factor 1/6 out of 1/6x+1/6

Answers

Answer:

1/6(1x+1)

Step-by-step explanation:

The vertices of are F(2,1), G(4,1), and H(4,-1). The vertices of the image of the triangle after a dilation centered at (0,0) are F'(4,2), G'(8,2), and H'(8,-2). What is the scale factor of the dilation?

Answers

Answer:

The scale factor of the dilation is 2

Step-by-step explanation:

The given vertices the ΔFGH are;

F(2, 1), G(4, 1), and H(4, -1)

The lengths of the sides of the triangle ΔFGH are;

The length of segment FG = √((4 - 2)² + (1 - 1)²) = 2

The length of segment FH = √((4 - 2)² + ((-1) - 1)²) = 2·√2

The length of segment GH = √((4 - 4)² + ((-1) - 1)²) = 2

After a dilation with the center of dilation = (0, 0), to give the ΔF'G'H', we have;

The given vertices the ΔF'G'H' are F'(4, 2), G'(8, 2), H'(8, -2)

The length of segment F'G' = √((8 - 4)² + (2 - 2)²) = 4

The length of segment F'H' = √((8 - 4)² + ((-2) - 2)²) = 4·√2

The length of segment G'H' = √((8 - 8)² + ((-2) - 2)²) = 4

The length of the sides of ΔFGH = 1/2 × The length of the sides of ΔF'G'H' or the length of the sides of ΔF'G'H' = 2 × The length of the sides of ΔFGH

Therefore, the scale factor of the dilation is 2.

Which expression is equivalent to
8(3x+4w)

Answers

Answer:

24x+32w

Step-by-step explanation:

24x+32w is the answer I think

convert
27/8
41/18
41/15
and 29/12
into Mixed numbers show steps please

Answers

Answer:

Ok

Step-by-step explanation:

27/8 = 3 3/8

41/18 = 2 5/18

41/15 = 2 11/15

29/12 = 2 1/3

Simplify: 3m + 7 + 2m

Answers

5m+7 is the answer I think
5m + 7

Add 3m and 2m together because they are both being multiplied by m.

Find 12.43 more than 4.065.

Answers

Answer:

16.495

Step-by-step explanation:

plz mark B R A I N L I E S T

Answer:

16.405

Step-by-step explanation:

since you need to find more add 12.34 + 4.065= 16.405

When you’re multiplying or dividing same sign numbers, what will your product or quotient be?

Answers

When you multiply two integers with the same signs, the result is always positive. Just multiply the absolute values and make the answer positive. When you multiply two integers with different signs, the result is always negative.

The answer will be the opposite of the sign so for example -5*-5= 25

A file that is 261 megabytes is being downloaded. If the download is 18.7% complete, how many megabytes have been downloaded? Round your answer to the nearest tenth

Answers

Answer:

48.8

Step-by-step explanation:


Help please I would really appreciate it

Answers

Answer:

Step-by-step explanation:

4x+81=13x+36

answer is 5°

A truck driver earns $21.00 per hour for the first 40 hours worked in one week. The driver earns time-and-a-half, or $31.50, for each hour worked in excess of 40. The piece-wise function below represents the driver wage, w(h), as a function of the hours worked in one week, h. How much money does the truck driver earn in a week if he works 30 hours? *

Answers

Answer:

$21 x 30 = 630 (630 the answer)

Step-by-step explanation:

Identify the two factors that were multiplied together to form the array of tiles. Then identify the product of the two factors. Use the variable x in your expressions.

Answers

Answer:

[tex]Terms: 3\ and\ x + 2[/tex]

[tex]Product = 3x + 6[/tex]

Step-by-step explanation:

See attachment for complete question.

From the attachment, there are 3 columns and 3 rows

The 3 columns represent the first factor

To get the second factor, we have to analyze the 3 rows in the attachment.

Notice that the first row is bigger than the other two rows.

This big row will be represented with variable x

Notice that the boxes in second row are smaller than the first row and the + sign is written on each of the boxes.

This is represented with + 1

Also, notice that the boxes in third row are smaller than the first row and the + sign is written on each of the boxes.

This is also represented with + 1

Hence, the expression for the rows is x + 1 + 1 = x + 2

The product is then calculated as:

[tex]Product = 3 * (x + 2)[/tex]

[tex]Product = 3 * x + 3*2[/tex]

[tex]Product = 3x + 6[/tex]

HELP PLZ THIS I NEED TO KNOW THIS

Answers

ITS BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
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