Mike saves $2,000 at a yearly simple interest rate of 2%. He earns $280 in interest. For how many years did he save this money?

Answers

Answer 1

Answer:

7 years.

Step-by-step explanation:

To find this, we need to find 2% of 2,000. To do this, we mulitply 2,000 by .02. This gets us 40. Now, we need to divide 280 by 40 to find the amount of years it took for Mike to get this money. When we do that, it gets us 7. That means Mike saved that money for 7 years.

Answer 2

The number of years that he saves this money will be 7 years.

What is simple interest?

Simple interest is the concept that is used in many companies such as banking, finance, automobile, and so on.

The formula for interest is written as,

I = (PRT)/100

Where P is the principal, R is the rate of interest, and T is the time.

Mike saves $2,000 at a yearly simple interest rate of 2%. He earns $280 in interest. Then the number of years is calculated as,

$280 = ($2,000 x 2 x T) / 100

$28,000 = $4,000 x T

T = $28,000 / $4,000

T = 7 years

The number of years that he saves this money will be 7 years.

More about the simple interest link is given below.

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Related Questions

Convert 0.838383 into a fraction

Answers

Answer:

8jdhdhdhdhfbdudhdhdhd

Please help, fast! 50 points!

Answers

Answer: e?

Step-by-step explanation:

Answer:

28

Step-by-step explanation:

Please can someone answer this question quickly please

Thanks

Answers

Answer:

C. 5/7

Step-by-step explanation:

Answer:

It is C.5/7

Step-by-step explanation:

Hope this helped have an amazing day!

PLEASE PLEASE HELP!~!!!!!!!!!!!!!!!!!!!!!!!!

Answers

9514 1404 393

Answer:

  $6.87

Step-by-step explanation:

The cost of 0.6 pounds of blueberries is ...

  (0.6 lb)($3.98/lb) = $2.39

The cost of 1.8 pounds of clementines is ...

  (1.8 lb)($2.49/lb) = $4.48

Then the total cost of the purchase is ...

  $2.39 +$4.48 = $6.87

The combined cost is $6.87.

A=18 B=3 bc +4 Substitute the value with a number evaluate each algebraic expression using the given values. What is the number?

Answers

Answer:

YNW MELLY

Step-by-step explanation:YNW MELLY

WILL MAKE BRAINLIEST
The Point of Concurrency made from medians is a(n):

Answers

Answer:

centroid

Step-by-step explanation:

Which statements describe America’s workforce during World War II? Check all that apply.

Hundreds of thousands of women signed up for the US military.

Women were hired to do jobs traditionally done by men.

All forms of discrimination in the workplace were brought to an end.

Male workers took on roles that had been done by women in the past.

New laws ended discrimination in the government and defense industries.

More African Americans and other minority workers were able to find jobs.

Answers

Answer:

The person above (or below) me is correct, the answer is:

A.) Hundreds of thousands of women signed up for the US military.

B.) Women were hired to do jobs traditionally done by men.

E.) New laws ended discrimination in the government and defense industries.

F.) More African Americans and other minority workers were able to find jobs.

Step-by-step explanation:

I had this question on Edge, 2022.

(See the attachment below.)

Hope this helped, good luck on the assignment and quiz!

The  statements describe America’s workforce during World War II are:

Hundreds of thousands of women signed up for the US military. Women were hired to do jobs traditionally done by men. New laws ended discrimination in the government and defense industries. More African Americans and other minority workers were able to find jobs.

What happened to the American labour force during World War II?

Labor shortages were caused by military and economic development. To close the gender gap, the government and industry encouraged women to enter the labour force. While the majority of working women continued to work in more traditional jobs such as waitressing and teaching, millions took better-paying jobs in military manufacturers.

By the end of the war, over six million women had entered the labour sector, and by 1945, they accounted for about 37 percent of the workforce, up from only 27 percent in 1940.

Their contributions to the war effort were critical. Women accounted up 65 percent of all employees in the aerospace industry alone.

Learn more about World war II here:

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Can someone tell me What dose Y=??

Answers

the answer to your question is y= 1/4+1x

98.92 as a decimal to 2 places

Answers

Answer:

98.9 i think

Step-by-step explanation:

to round to 2 decimal places, look for the number 2 places from the decimal point. that number is 2. is there any number next to it on the right? no. so just round.92 which is 98.9

2 decimal places question.

98.92 would remain exactly the SAME if all u want is 2 decimal places answer

= 98.92

Write an equation of the line passing through point P(2, 3) that is perpendicular to the line y -4 = -2(x+3)

Answers

Perpendicular = opposite sign and reciprocal slope
Slope of -2 turns into 1/2
Y-y1 = m(x-x1)
Solution; y-3 = 1/2(x-2)

solve the system by graphing.
y = -x + 5

y = x + 1

Answers

Step-by-step explanation:

the answer from the graph is:

(2 , 3)

if two angles in a triangle are 40° and 30°, then the third angle measures 110

Answers

Answer:

Si

Step-by-step explanation:

6x + 3y = 12
4x + y = 14 what is the solution


Answers

Answer:

x=5 y=-6

Step-by-step explanation:

6x + 3y = 12  , 4x + y = 14

4x*3+y*3=14*3

12x+3y=42 , 6x+3y=12

(12x-6x)+(3y-3y)=30

6x=30, x=5

4*5 + y = 14

y=-6

if g(x) = -3x +1 fill out the following table of values​

Answers

Answer:

where is the table by the way

8 X 9 X 2 = ? What is that?

Answers

Answer:

144

Step-by-step explanation:

8 x 9= 72

72 x 2= 144

15 inches.......3 inches Which measurement is closest to the total surface area of the container in square inches?

Answers

Answer:

[tex]Area = 339.29\ in^2[/tex]

Step-by-step explanation:

Given

See attachment

Required

Determine the total surface area

From the attachment:

[tex]r = 3\ in[/tex] --- radius

[tex]h = 15\ in[/tex] --- height

The total surface area:

[tex]Area = 2\pi r(r + h)[/tex]

Substitute values for r and h

[tex]Area = 2\pi * 3(3 + 15)[/tex]

[tex]Area = 2\pi * 3(18)[/tex]

Remove bracket

[tex]Area = 2\pi * 3 * 18[/tex]

[tex]Area = 2\pi * 54[/tex]

[tex]\pi = \frac{22}{7}[/tex]

So, we have:

[tex]Area = 2 * \frac{22}{7} * 54[/tex]

[tex]Area = \frac{2 * 22 * 54}{7}[/tex]

[tex]Area = \frac{2376}{7}[/tex]

[tex]Area = 339.42[/tex]

Hence, the closest is:

[tex]Area = 339.29\ in^2[/tex]

i need help! can you also explain it?

Answers

Answer:

Number B

Step-by-step explanation:

What is the Equation of the Line Passes through the points (-4,8) and (1,3)

show work please, i need these asap and thx for trying :)

Answers

Answer: y = –x + 4

Explanation:

y=-x+4 is the Equation of the Line Passes through the points (-4,8) and (1,3).

What is Slope of Line?

The slope of the line is the ratio of the rise to the run, or rise divided by the run. It describes the steepness of line in the coordinate plane.

The slope intercept form of a line is y=mx+b, where m is slope and b is the y intercept.

The slope of line passing through two points (x₁, y₁) and (x₂, y₂) is

m=y₂-y₁/x₂-x₁

The slope of line passing through points (-4,8) and (1,3)

m=3-8/1+4

=-5/5=-1

Now we need to find the y intercept

8=-1(-4)+b

8=4+b

b=4

Hence, y=-x+4 is the Equation of the Line Passes through the points (-4,8) and (1,3).

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What is the solution to the system of equations graphed below?
y = -2x + 4
-5
5
y = x-5
O A. (3,2)
B. (0,4)
C. (3,-2)
D. (0,-5)

Please help

Answers

Answer:

C. (3,-2)

Step-by-step explanation:

PLZ HELP ILL GIVE BRAINLIEST

Answers

Answer:

-1 -9i, where a = -1 and b = -9

Step-by-step explanation:

1st step is to open up the brackets. Since there's a (-) in front of the second bracket, we have to multiply every term by -1, so positive becomes negative, negative becomes positive etc.

4-i-5-8i

Then we collect like terms.

-1 -9i

This is the answer. It looks wrong since the variables are 'positive' in a +bi, but you have to remember that a variable can be represented as a, but its actual value could be negative, in this case -1. This is the same with b, as b could be the same as -9.

This is an expression, so we can't multiply everything by -1 to make it 'look right'. You can only multiply by -1 or 'alter' the terms when the expression equates to something.

I need help solving this practice question ​

Answers

[tex]3x-9=45\\3x=45+9\\3x=54\\x=18[/tex]

Fun fact

Bananas are curved because they grow towards the sun ☀️

Answer: the answer is 18

Step-by-step explanation:

A cereal factory purchases chopped
almonds in bags weighing 5 pounds
cach. A factory machine adds
pound of the chopped almonds to
each box of Almond Crunch cereal.
If the factory plans to produce 1,200
boxes of Almond Crunch cereal, how
many bags of chopped almonds does
the factory need to purchase?

Answers

Answer:

need poi

Step-by-step explanation:

Answer:

1,200 /5

Step-by-step explanation:

It takes Andre 6 minutes to swim 5 laps. (a). How many laps per minute is that? Include how you arrived at your solution.

Answers

Answer:

1.2 minutes

Step-by-step explanation:

So its saying it takes 6 mins to do 5 laps. Thats a little over a min per lap so we now its going to be over 1.  The first step is to divide 6/5. Then you get 1.2

Whats 3^2 in standard form?

Answers

Answer:

9

Step-by-step explanation:

3*3 = 9

if that's what you're asking

What’s this? I need help

Answers

Answer:

Its PS equals QR: A

Step-by-step explanation:

Jody works at an ice cream counter. The ice cream costs $3 per cone. Let c represent the number of ice cream cones she sells. Let p represent
the total cost paid by the customers.
Choose two correct statements about the variables in this situation,
A. The cost per cone depends on the number of cones sold.
B. The total cost paid by customers depends on the number of cones sold,
O c The number of cones sold is independent of the total cost paid by customers.
D. The total cost paid by customers is independent of the number of cones sold,

Answers

Answer:

B and C are correct Hope this helps <3

Step-by-step explanation:

Answer:

B and C?

Step-by-step explanation:

Im a little unsure about C but im about99% sure that is correct

Please help me with this question!!

Answers

Answer:acute

Step-by-step explanation:

Sam runs 6 miles in 45 minutes. At the same rate, how many minutes would he take to run 4 miles?

Answers

Answer:

It would be 30 mph

Step-by-step explanation:

45/6=7.5

7.5*4=30

Answer:

30 minutes

Step-by-step explanation:

Each mile takes him 7 minutes 30 seconds. So you will do 7.5 x 4 to get 30 minutes

answers for the 2 boxes please :)​

Answers

(-3,-6) i hope this helps
have a great day!:)

Sandra is making pizzas for a party. each pizza will have 8 slices. she plans on 2 slices per person. if there will be 12 people at the party, how many pizzas should she make?

Answers

Answer:

3 pizzas

Step-by-step explanation:

12 x 2 = 24

24 divided by 8 = 3

3 pizzas hope this helps i’m not good at explaining
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