justinejarmas justinejarmas

25-11-2018
Mathematics

contestada

What is the interest rate, as a percent, that is necessary to earn 300 dollars in simple interest if 6000 dollars are invested for 5 years, to 1 decimal place?

Relax

Respuesta :

potatonite potatonite

25-11-2018

I = Prt
$300 = $6000 x r x 5
$300 = $30000 x r
r = $300÷$30000
r = 0.01

The interest rate should be 1% to earn 300 dollars in simple interest terms.

Answer Link

Otras preguntas

how to find the nth term

Talk about the weather you experienced on a vacation. Did the weather have a good or bad effect on your plans? Explain

Please help me solve this question and steps.Thank you.

Need help, please Cyndi works in an office. She thinks that she spends 30 minutes in meeting for every 3 hours that she spends working at her desk. One week, sh

A new car's original price is $13,999. If it's on sale for 10% off, what's the new price?

Where is the thesis statement usually located in a research paper? A-in the conclusion B-in each paragraph of the body с-in the introduction D-only in the outli

Based on your knowledge of factors affecting the rate of reaction, why is there a danger of explosions in places such as flour mills and coal mines where there

Water from a fire hose knocks over a wooden shed. Compared with the pressure within the water, the pressure exerted against the shed is a) less. b) the same. c)

the element magnesium has 3 orbital and 3 electrons true or false

A reservoir located in the mountain 250 m above sea level flows through a pipe to a hydroelectric plant in a town at sea level. Assuming the pressure in both lo