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No money was deposited into or withdrawn from the account.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


Find the square root of -36.
A-6
B 6
C Cannot be done

Answers

Answer: C) Cannot be done

Taking the square root of a negative number is not possible unless you involve complex numbers. If your teacher has not introduced that topic yet, then you just simply say "cannot be done" or something along those lines.

Use the graph to write a linear function that relates y to x .

Answers

Answer:

2y = x + 2

Step-by-step explanation:

Looking at the graph, we can see from one point to the next (from right to left), the x-value rises by 2 and the y-value by 1;

From this we can work out the gradient between two points using the formula, i.e. the change/difference in y divided by the change/difference in x:

[tex]m = \frac{dy}{dx} = \frac{1}{2}[/tex]

Joining the points gives a straight line, which means a constant gradient of ¹/₂

Use the line equation formula to get the function:

y - y₁ = m(x - x₁)

m = ¹/₂

x₁ = 0

y₁ = 1

y - 1 = ¹/₂.(x - 0)

y - 1 = ¹/₂.x

2y - 2 = x

2y = x + 2

Help plzzzzzzzzzzzzzz ​

Answers

Answer:

∠P

Step-by-step explanation:

∠P is between NP and PE

Find the slope-intercept equation of the line.

Need the equation
Plz help not jus the answer

Answers

Answer:

y=-3x+5

Step-by-step explanation:

Answer is Y=-3x+5

Answer:

y = -1/2x + 5

Step-by-step explanation:

First, we need to find the slope. Slope is nothing but the height of the triangle over the length of the triangle. Since the height is 5 is the length is 10, the slope should be 5/10. But, since the line is slanting downwards, the slope is negative. So it is -5/10, or -1/2 when simplified. Next, we need to find the y intercept. Y intercept is nothing but where the line crosses the y axis, so the y intercept should be 5. The slope intercept is y = mx+b, where m is the slope and y intercept is b, so our equation should be y = -1/2x + 5.

The reason that we are not counting the individual squares is because they already labeled the graph. So, we have to count accordingly.

What is the slope of the line 4x – 2y = 10? Explain your process (show your steps) for determining the slope.​

Answers

solve for y.
subtract 4x from both sides
-2y = -4x + 10
divide everything by -2
y = 2x - 5
slope intercept form is y = mx + b, with m being the slope, so 2 is your slope

Help Mee!!! What’s the answer

Answers

Answer:

A.

Step-by-step explanation:

You get a student loan from the New Mexico Educational Assistance Foundation to pay for your educational expenses this year. Find the interest on the loan if you borrowed $5000 at 5% interest for 1 year

Answers

Answer:

500

Step-by-step explanation:

Mooooooooooseeeeeeeeee

PLSSS HELP An amusement park has two types of season passes. Plan 1 charges a one-time fee of $175.00 for admission plus $8.00 every trip for parking.
Plan 2 charges a one-time fee of $125.00 for parking plus $13.00 every trip for admission. For what number of trips is the cost of these plans
the same?

Answers

Answer:

Dude..... I have no idea what the answer is..... but i give you my good luck to pass math class without going through 50 mental breakdowns.

Step-by-step explanation:

math is disgusting

dudee plz help will be given the brainlist if answered correctly

Answers

Answer:

hey im not actually here to help you, i just need points. thanks for the points

Step-by-step explanation:

PLEASE HELP!!! Complete the equation of the line through (4, - 8) and (8, 5) Use exact numbers. y =

Answers

Slope=(5--8)\(8-4)= 13\4

13\4(x-4)=y+8

13\4x-13-8 =y

13\4x-21=y

Marcos delivers newspapers during his summer break. He delivers a different number of papers each day. What percent of the total number of newspapers is delivered on Saturday and Sunday?
A.
52.5%
B.
105%
C.
40%
D.
32.5%

Answers

Answer:

52.2% or A

Step-by-step explanation:

55+50 = 105

105/200 = 0.525

0.525 x 100 (to get the percent) = 52.5%

Answer:

52.5%

Step-by-step explanation:

Add together the number of papers delivered on Saturday and Sunday. Then divide that by the total number of papers delivered.

55+50 = 105

105/200=52.5%

please I need some help with both questions.

Answers

Step-by-step explanation:

which questions you were asking

two geometric figures that are proportional in size are ____ figures​

Answers

I think the answer is congruent

In the equation a+b=8, what is the value of a if b= -1

Answers

Answer:

9

Step-by-step explanation:

a + b = 8

a + (-1) = 8

a - (-1) = 8 - (-1)

a = 9

Amy said 49 of her teammates got hits during a recent softball game. Which decimal represents this same amount?

A.
0.49

B.
0.444

C.
0.444

D.
0.49

Answers

D , because 1+1=2/5•7q+09

What is the image point of (6,-4)(6,−4) after a translation left 4 units and down 5 units?

Answers

Answer:

(2,-9)

Step-by-step explanation:

6-4 = 2

-4-5 =9

so The answer is (2,-9)

A warehouse is used as a grannary. It is in
the shape of a cuboid surmounted by a
half-cylinder. The base of the warehouse is
6 m x 14 m and its height is 8 m. Find the
surface area of the non-cuboidal part of the
warehouse.

Answers

Answer:

7467.4 square meters djdkdkdmmdkd

Use the equation below to find y, if m=3 ,x=4 , and b=9
y=mx +b

Answers

Answer:

y = 21

Step-by-step explanation:

y = 3(4) + 9

= 12 + 9

= 21

What is the slope of the line?
pls help I need the answer

Answers

Answer:

the slope of a horizontal line is 0

Albert needs $133 to buy a new hard drive. He earns $4.75 for each car he washes. If he spends $19 in supplies, write and solve an equation to find the number of cars he needs to wash to reach his goal.

Answers

Answer:

Albert needs 32 cars to wash to reach his goal.

Step-by-step explanation:

We know that the slope-intercept form of a linear function is

[tex]y = mx+b[/tex]

where m is the slope or rate of change and b is the y-intercept

It is stated that Albert needs $133 to buy a new hard drive.

Let 'y' be the amount Albert needs.

As earns $4.75 for each car he washes. Thus, $4.75 the rate of change or slope will be.

As he spends $19 on supplies. Since it is an expense, so -19 is basically the y-intercept 'b'.

Let 'x' be the number of cars he needs to wash to reach his goal.

Thus, substituting the value m = 4.75, y = 133, and b=-19 in the slope-intercept form of a linear function

y = mx+b

133 = 4.75x - 19

133+19 = 4.75x

152 = 4.75x

x = 152 / 4.75

x = 32

Therefore, Albert needs 32 cars to wash to reach his goal.

A circle has a circumferende of 13.04
units

Answers

What solution are you trying to find here with the circumference? Radius, diameter? I need more details so I can help you out. Thanks!

*will give brainliest*
While solving an equation, if the variable term becomes zero, and the equation makes a true statement, then the solution is (no solution, one solution, infinite solutions).

Answers

i think the answer is one solution

if i am on my side i am everything i you chop me in half i am nothing what am i

i know it i am just seeing who can get it

Answers

Answer:

the number 8

Step-by-step explanation:

The sum of three consecutive numbers is 84. What is the largest of these numbers? (5 points) a 28 b 26 c 29 d 27

Answers

Answer:

The answer is c.29

Step-by-step explanation:

I used Google xD

Answer:

Largest number = 29

Step-by-step explanation:

Let the consecutive numbers by (x + 1) ; (x + 2) and (x +3)

x +1 + x + 2 + x + 3 = 84         {Combine like terms}

x + x +x + 1  + 2 + 3 = 84

               3x + 6 = 84

                    3x = 84 - 6

                     3x = 78

                        x = 78/3

x = 26

Largest number = x + 3 = 26 + 3

                           =29

helppp i don’t know the answer

Answers

I believe the answer is the first one ! Keep in your mind that the first part of the ordered pair is always the domain , and the second part of the ordered pair is the range !!
Don’t forget a brainliest if this helped ;)

Find the measure of the indicated angle:

A) 68°
C) 45°
B) 47°
D) 940

Answers

The correct answer is “A”

The people are: Frank, Ruby, Tom, and Wendy

The cost of their food: $5.99, $6.99, $7.99, $8.99

Each person bought a different food item: banana, apple, mango, and grapefruit

Each person also bought a different drink: milk, green tea, water, and iced tea



See if you can match the person with the cost of their meal, food and drink. I will give you two free answers. The first one is Tom paid 8.99. The second one is Ruby had the grapefuit.



1. The person who had the milk paid $1 more than Wendy.
2. Ruby paid more than the person who had the milk.
3. The person who ordered the banana was either the person who had the milk or the
person who paid $5.99.
4. The four friends were the person who paid $8.99, the person who ordered the
apple, the person who ordered the grapefruit, and Wendy.
5. Tom paid $1 more than the person who ordered the grapefruit.
6. The person who ordered the grapefruit paid $2 more than the person who had the water.
7. The person who paid $7.99 was either the person who had the iced tea or the person who
had the water

Group of answer choices
wendy (cost)

[ Choose ]
wendy (drink)

[ Choose ]
wendy (food)

[ Choose ]
frank (cost)

[ Choose ]
frank (drink)

[ Choose ]
frank (food)

[ Choose ]
ruby (cost)

[ Choose ]
ruby (drink)

[ Choose ]
ruby (food)

[ Choose ]
tom (cost)

[ Choose ]
tom (drink)

[ Choose ]
tom (food)

[ Choose ]

Answers

Answer:

yo it took me 3 tires and 15 minutes, but i got it. like 5 seconds ago

Step-by-step explanation:

okay one is wrong this an 11/12, but i sped thru it to get the answers, you have to figure out which is incorrect

wendy

(cost)

5.99

wendy

(drink)

water

wendy

(food)

banana

frank

(cost)

6.99

frank

(drink)

milk

frank

(food)

apple

ruby

(cost)

7.99

ruby

(drink)

iced tea

ruby

(food)

iced tea

tom

(cost)

8.99

tom

(drink)

green tea

tom

(food)

mango

Wendy (cost) = $7.99

Wendy (drink) = water

Wendy (food) = banana

Frank (cost) = $6.99

Frank (drink) = iced tea

Frank (food) = apple

Ruby (cost) = $8.99

Ruby (drink) = milk

Ruby (food) = grapefruit

Tom (cost) = $5.99

Tom (drink) = green tea

Tom (food) = mango

Based on the given information and the provided clues, we can match the people with the cost of their meal, food, and drink as follows:

wendy (cost) = $7.99

wendy (drink) = water

wendy (food) = banana

frank (cost) = $6.99

frank (drink) = iced tea

frank (food) = apple

ruby (cost) = $8.99

ruby (drink) = milk

ruby (food) = grapefruit

tom (cost) = $5.99

tom (drink) = green tea

tom (food) = mango

To learn more on Equation:

https://brainly.com/question/10413253

#SPJ2

Subtract -7x^2+4x+2 from x^2-3x

Answers

Answer:

-8x^2+x+2

Step-by-step explanation:

Jolene buys 5/8 of a yard of fabric for $2.50. What is the price of the fabric per yard?

Answers

Answer:

4

Step-by-step explanation:

2.50/5=0.5

0.5*8=4


HELP ASAP GIVING BRAINLIEST

Solve for x if the angles are adjacent supplementary angles. Use pencil and paper. Show how to check that your value of x is correct

Answers

Answer:

x=15

Step-by-step explanation:

srry if I'm wrong =(

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