Margo borrows $700, agreeing to pay it back with 8% annual interest after 16 months. How

much interest will she pay?

Answers

Answer 1

After 16 months, Margo will pay  $74.67  interest

We know that the simple Interest Formula

I = P × r × t

Where: P = Principal Amount

I = Interest Amount

R = Rate of Interest as a percent

r = Rate of Interest in decimal

r = R/100

t = Time Periods involved

Here we have been given P = $700, t = 16 months and R = 8%

First we convert interest rate R percent to r a decimal

r = R/100

  = 0.08 per year,

Now we convert time from months to years .

16 months ÷ 12 months/year

= 1.333333 years,

Using above formula of simple interest,

I = P × r × t

I = 700 × 0.08 × 1.333333

I = $ 74.67

Hence, the simple interest accumulated on a principal of $ 700.00 at a rate of 8% per year for 16 months is $ 74.67.

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Related Questions

Find the area. The figure is not drawn to scale. Please show work

Answers

Answer:

I believe it is 27.6

Step-by-step explanation:

I'm not really sure, I just multiplied. Hope this helps.

1) (0,-3) (-2,-4) find the slope

Answers

Therefore , the solution of the given problem of slope comes out to be  

M = 1/2.

What is a slope?

What determines a line's steepness is its slope. Gradient overflow is a mathematical expression for the gradient. The slant is the proportion of both the vertical difference (rise) over the distance between two locations to the lateral change (run) over the same distance. Hill form of an equation is used to express a straight line's equation, which is written as y = mx + b. A point on the line where the slope is m, b equals a, and the y-intercept is placed is (0, b). An illustration would be the slope and y-intercept of the formula y = 3x - 7 (0, 7). At the location of the y-intercept, the line has a slope of m, b, and c.

Here,

Given : (0,-3) and (-2,-4)

Thus,

To calculate the slope ,

We use formula:

=> M = y2 -y1 /x2-x1

=> M = -4 -(-3) / -2 - 0

=> M = -1 /-2

=> M = 1/2

Therefore , the solution of the given problem of slope comes out to be  

M = 1/2.

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Im a little stuck on this one yall

Answers

The pairs of alternate interior angles are <5<4 and <6<3

What is alternate interior angles ? Alternate interior angles are the pair of angles that are formed on the inner side of the two parallel lines but on the opposite side of the transversal.When two parallel lines are crossed by a transversal, the pair of angles formed on the inner side of the parallel lines, but on the opposite sides of the transversal are called alternate interior angles. These angles are always equalAlternate interior angles are the angles formed when a transversal intersects two coplanar lines. They lie on the inner side of the parallel lines but on the opposite sides of the transversal. The transversal crosses through the two lines which are Coplanar at separate points.

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please help !!!!:!:):):$:)

Answers

The correct answer is B

Answer: B. 9(−7+10x^2)

Step-by-step explanation: 9(−7+10x^2)

=(9)(−7+10x^2)

=(9)(−7)+(9)(10x^2)

=−63+90x^2

Please help!! 10 minutes left!!

Answers

I can’t really see the end

Write 4.35^5 in Standard Form

please answer. i need help, i will your you brainliest !!

Answers

Answer:

21.75

Step-by-step explanation:

This is only 4.35 because it’s the right one

A quadratic function y=f(x) is plotted on a graph and the vertex of the resulting parabola is (−5,−3). What is the vertex of the function defined as g(x)=−f(x)+3?

Answers

Answer:

(-5 , 6)

Step-by-step explanation:

f(x) = (x - (-5))² - 3     ... vertex (h , k) : (-5 , -3)     y = (x-h)² + k

g(x) = -f(x) + 3 = -((x+5)² - 3) + 3 = -(x + 5)² + 6

vertex of g(x) is : (-5 , 6)

Gene starts from home and travels 3 miles north to the
The largest angle formed during his trip IS
shopping mall From the shopping mall, he travels 2
miles west to the library. Then, from the library, he
at his home
travels about 3.6 miles to return home. The entire trip
at the mall
forms a triangle.
between the mall and the library
Library
Mall
( between his home and the library
Home

Answers

Answer:

B. at the mall

Step-by-step explanation:

The largest angle formed during his trip is at the mall.

A certain library charges a late fee of $0.05 for each day that a book is
late. Last month, 158 people returned books that were 7 days late.
This month, 40 less people than last month will return books that are 7
days late. How much will the library collect in late fees this month for
returned books that are overdue by 7 days?

Answers

Answer: $41.3

Step-by-step explanation:

this month late = 158 - 40 = 118

7× $0.05 = $0.35

118 × $0.35 = $41.3

please help i need it by tomarrow

Answers

Answer:

2-6

3-9

5-15

6-18

2-6

4-12

5-15

8-24

Step-by-step explanation:

Multiply by 3

please help lollllllllllllllll

Answers

Answer:

AB=6

Step-by-step explanation:

Answer:

AB = 6

Step-by-step explanation:

12 / 2 = 6

HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP
HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP HELP I NEED HELP ASAP

Answers

Answer:

D (4.34,3.22)

Step-by-step explanation:

Line Y (2,4), (-4,6)

**y=mx+b   slope-intercept form

  m=slope; b=y-intercept

[tex]m_Y=(6-4)/(-4-2)=2/-6=(-1/3)\\y=-1/3x+b[/tex]

plug in 1 point

[tex]4=-1/3(2)+b; b=14/3[/tex]

Line Z (8,8) (-5,9)

[tex]m_Z=(8-(-9))/(8-(-5))=17/3\\y=(17/3)x+b\\8=17/3(8)+b; b=-32/13\\[/tex]

Substitution

[tex]-\frac{1}{3} x +\frac{14}{3}=\frac{17}{13}x-\frac{32}{13} : x=139/32\\y=-\frac{1}{3}(\frac{139}{32})+\frac{14}{3}\\ : y=103/32[/tex]

Please help:)

The table summarizes data about the median debt for graduating students from a sample of universities in California and New York.




median debt less than $9,000


median debt at least $9,000


total


California universities


130


445


575


New York universities


72


271


343


total


202


716


918


Is there an association between the state and the amount of median debt for graduates? Explain your reasoning

Answers

Yes, there is an association between the state and the amount of median debt for graduates.

What is median debt?

Median debt is the midpoint of a range of debt levels for a specific group of people or organizations. This debt is usually reported as the sum of all loans and credit card balances owed by the group, divided by the total number of people or organizations in the group. Median debt is different from average debt, as it is not affected by extreme values. Median debt is a good measure of the financial health of a group because it provides an indication of the typical amount of debt held by an individual or organization.

In California, the median debt for graduates is significantly lower than in New York, with 130 graduates having median debt less than $9,000 and 445 graduates having median debt at least $9,000. In New York, 72 graduates have median debt less than $9,000 and 271 graduates have median debt at least $9,000. This indicates that graduates from California universities are more likely to have lower median debt than graduates from New York universities.

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Show Your Work Find the area of the sector

Answers

Answer:

look at the picture I sent

Sector of a circle has arc length 11cm and central angle. Find its radius and area.

Answers

Answer:

s = 11.cm

Θ = 2.2.radians

Step-by-step explanation:

what is square root
[tex]what is \: square \: root \: of \sqrt{81} [/tex]

Answers

Answer:

9 :)

Step-by-step explanation:

Simplify the radical by breaking the radicand up into a product of known factors, assuming positive real numbers.

-6+(-2) pls help me.

Answers

Answer:

-8

Step-by-step explanation:

-6+(-2)

-6 - 2

= -8

-8

6+2=8

Then make it negative

Therefore the answer is -8

Mark me brainliest

find the difference between point A (3,2) & point B (5,9) , then round the answer to re nearest tenth please help asap

Answers

Answer:

The answer is the square root of 53, or about 7.28.

Step-by-step explanation:

To find the distance between two points, you use the formula [tex]\frac{y_{2} -x_{2}}{y_{1} -x_{1} }[/tex]. When we insert the coordinates given, you get the square root of 53, or 7.28.

factor the trinomial 2xsquared + 5x -42

Answers

Basic quadratic expression:

[tex]ax^2+bx+c[/tex]

[tex]2x^2+5x-42[/tex]

Factoring a quadratic expression when a ≠ 0

1.  Multiply a and c values (ac=k)

[tex]2(-42) = -84[/tex]

2. Find a factor pair whose sum adds to b and has the product of k

[tex]-7,12[/tex]  

[tex]-7(12)=-84[/tex]           [tex]-7+12=+5[/tex]

3. Replace the middle term (bx) with newfound values

[tex]2x^2 +12x-7x-42[/tex]

4. Factor by grouping

[tex]2x(x+6) -7(x+6)[/tex]

if done correctly the expression in the parentheses will be the same

5. Perform the last factorization

[tex](2x-7)(x+6)[/tex]

you can verify your answer by expanding the factors to get the same expression in the beginning

Hi! I need some help with this (:

Answers

Answer:

the answer is 5 lists

hope this helps

Improper fraction for 4 1/5

Answers

You multiply the denominator (5) by the big number (4) to get 20 then add the numerator which is one so 20+1=21 so the answer is 21/5

Hugo began his science experiment with 22 grams of sugar crystals. During the experiment, the change in the mass of the sugar crystals was

6 grams.
What is the final mass of the sugar crystals?

Answers

Answer:

I don't think there's enough information here to answer your question

△ABC, BD &CE are the altitude of the ide AC & AB and BD=CE. Prove that △BCD≅△CBE

Answers

We have proved that △BCD≅△CBE.

What are congruent triangles?

Congruent triangles are triangles that have the same size and shape. They have the same angles and corresponding side lengths.

By the RHS congruence condition if the hypotenuse and one side of one right triangle are equal to the hypotenuse and one side of another right triangle then both right triangles are congruent.

It is given that BD=CE and BC is the hypotenuse of small triangles CEB and BDC

So, In right triangles BCD and CBE

BC=CB=common side⋯⋯[hypotenuse]

And BD=CE=given⋯⋯[sides of right triangles]

So, by RHS condition

△BCD≅△CBE.

Hence, we have proved that △BCD≅△CBE.

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We have proved that △BCD≅△CBE.

What are congruent triangles?

Congruent triangles are triangles that have the same size and shape. They have the same angles and corresponding side lengths.

By the RHS congruence condition if the hypotenuse and one side of one right triangle are equal to the hypotenuse and one side of another right triangle then both right triangles are congruent.

It is given that BD=CE and BC is the hypotenuse of small triangles CEB and BDC

So, In right triangles BCD and CBE

BC=CB=common side⋯⋯[hypotenuse]

And BD=CE=given⋯⋯[sides of right triangles]

So, by RHS condition

△BCD≅△CBE.

Hence, we have proved that △BCD≅△CBE.

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im 12 and struggling help me please i need my grades up

Answers

Answer:

you would multiply 17% by  228,000

Step-by-step explanation:

you would get 177840

The axis of symmetry for the graph of a quadratic function is x=4. The x-intercepts for the graph are (-6,0) and (?,0).



Find the value of ?

Answers

Answer:

I'll set it up and you can finish

Step-by-step explanation:

the axis of symmetry goes through th x-axis at x=4.

This point will be equidistant from both points that are at the x-intercepts. The distance from (-6,0) to (4,0) is

4 - (-6) = 10.

so I now you can find ? which will be in the first quadrant of the graph

Simplify (12x3 - 8x2) - (3x3 + 9x2 + x - 7).

Answers

Answer:

9x^3-17x^2-x+7

Step-by-step explanation:

Distribute the negative you'll get

(12x^3-8x^2)+(-3x^3-9x^2-x+7)

Combine like terms

12x^3-3x^3=9x^3 , -8x^2-9x^2=-17x^2 , -x , +7

Putting it all together:

9x^3-17x^2-x+7

PLISSSS HELP IS FOR A TEST!!!!

The vertices of quadrilateral MNPQ are M(28, 1), N(3, 4), P(7, 21), and Q(24, 24).
a. The coordinates of M' are (16,4) after a translation. State the translation rule.
b. Use GeoGebra to complete a 90° rotation around the origin

Answers

Answer:

56=78b

Step-by-step explanation:

The vertices of quadrilateral MNPQ are M(28, 1), N(3, 4), P(7, 21), and Q(24, 24).

a. The coordinates of M' are (16,4) after a translation. State the translation rule.

b. Use GeoGebra to complete a 90° rotation around the origin

Manish and Ravi are reading the same series of books. As of today, Manish has read a total of 544 pages. If he reads at the same pace, after 8 days he will read a total of 928 pages.

The total number of pages that Ravi has read is modeled by the equation y=51x+594, where x is the number of days after today, and y is the total number of pages read.

Who will finish the series first? Why?

Select the response that correctly answers both questions.


Responses

Ravi will finish first, because he has already read more than Manish as of today, and he reads more than Manish each day.
Ravi will finish first, because he has already read more than Manish as of today, and he reads more than Manish each day.

Ravi will finish first, because even though Manish has read more as of today, Ravi reads faster overall.
Ravi will finish first, because even though Manish has read more as of today, Ravi reads faster overall.

Manish, because even though Ravi has read more as of today, Manish reads faster overall.
Manish, because even though Ravi has read more as of today, Manish reads faster overall.

Manish will finish first because he has already read more than Ravi as of today, and he reads more than Ravi each day.

Answers

The person that will finish the series first is;

Ravi will finish first, because even though Manish has read more as of today, Ravi reads faster overall.

How to interpret Linear Equation Problems?

The general equation of a line in slope intercept form is;

y = mx + c

where;

m is slope

c is y-intercept

Total pages manish has read as at today = 544 pages

He reads at the same pace and after 8 days he has read 928 pages. Thus, the equation that represents the number of pages that Manish has read is; 928 = 8m + 544

922 - 544 = 8m

m = 378/8

m = 47.25

Thus, his rate is 47.25 pages per day

The equation for Ravi is y = 51x + 594

This shows a rate of 51 pages per day

Thus, Ravi will finish first

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A pet store has 15 puppies, 6 kittens, and 8 hamsters. Alice, Bob, and Charlie each want to buy a pet. For variety, they each want a different kind of pet. How many ways can Alice, Bob, and Charlie buy pets and leave the store satisfied

Answers

There are 24 ways for Alice, Bob, and Charlie to buy pets and leave the store satisfied. They could each buy a puppy, a kitten, and a hamster, or they could each buy a different combination of the three types of pets.

How many different pet options can Alice, Bob, and Charlie choose from before feeling satisfied?Alice, Bob, and Charlie can leave the pet store satisfied in 12 different ways.This can be shown using a combination equation, where n = the number of items (in this case, pets) and r = the number of selections (in this case, 3): C(n,r) = n! / (r! × (n - r)!). In this equation, n = 29 (15 puppies + 6 kittens + 8 hamsters) and r = 3 because Alice, Bob, and Charlie each have to select one pet.When plugging these numbers into the equation, the result is C(29,3) = 29! / (3! × (29 - 3)!) = 29! / (3! × 26!) = 8649 / 514880 = 12 different ways. Alice, Bob, and Charlie can each select a puppy, a kitten, and a hamster and leave the store satisfied in 12 different ways.Alice, Bob, and Charlie can buy pets and leave the store satisfied in 6 ways. Step 1: Alice can buy a puppy, Bob can buy a kitten, and Charlie can buy a hamster. This would leave the store with 14 puppies, 5 kittens, and 7 hamsters. Step 2: Alice can buy a kitten, Bob can buy a hamster, and Charlie can buy a puppy. This would leave the store with 14 puppies, 5 kittens, and 7 hamsters. Step 3: Alice can buy a hamster, Bob can buy a puppy, and Charlie can buy a kitten. This would leave the store with 14 puppies, 5 kittens, and 7 hamsters. Step 4: Alice can buy a puppy, Bob can buy a hamster, and Charlie can buy a kitten. This would leave the store with 14 puppies, 5 kittens, and 7 hamsters. Step 5: Alice can buy a kitten, Bob can buy a puppy, and Charlie can buy a hamster. This would leave the store with 14 puppies, 5 kittens, and 7 hamsters. Step 6: Alice can buy a hamster, Bob can buy a kitten, and Charlie can buy a puppy. This would leave the store with 14 puppies, 5 kittens, and 7 hamsters. In sum, Alice, Bob, and Charlie can buy pets and leave the store satisfied in 6 ways. Each person can buy a different kind of pet and the store will still have the same number of pets afterwards.

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Help.

Cannot figure out fractions

Answers

Answer:

62 [tex]\frac{5}{12}[/tex]

Step-by-step explanation:

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