Moira borrowed $4,500 from her grandfather to pay for her first year of college. Three years later, she repaid the $4,500 along with an interest of $243. What was the annual interest rate? Round your answer to one decimal place
Answers
Answer: 1.8%
Step-by-step explanation:
The annual interest rate is 1.8% if Moira borrowed $4,500 from her grandfather to pay for her first year of college.
What is simple interest?It is defined as the interest based on the principal amount, it does not include the compounded amount. The interest calculates on the initial amount or borrowed amount.
It is given that:
Moira borrowed $4,500 from her grandfather to pay for her first year of college.
Three years later, she repaid the $4,500 along with an interest of $243.
Using the formula:
I = Prt
P = $4500
I = $243
t = 3
243 = 4500(r)(3)
243 = 13500r
r = 0.018
r = 1.8%
Thus, the annual interest rate is 1.8% if Moira borrowed $4,500 from her grandfather to pay for her first year of college.
Learn more about the simple interest here:
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Related Questions
In a lottery game, a player picks 7 numbers from 1 to 49. If 6 of the 7 numbers match those drawn, the player wins second prize. What is the probability of winning this prize? Be sure to leave your answer as a fraction in order to earn credit.
There is a
? probability of winning second prize.
Answers
Answer:
,t,त्ल्ह्त?एकता !लोकतान्त्रिक फंत्त
The Measure of two angles are (5x+24)° and (9x-17)°. What is the value of x if these anglers are congruent
Answers
Answer:
10.25
Step-by-step explanation:
5x+24=9x-17
24=4x-17
x=10.25
Solve the following system of equations using the substitution method
X=4
[x+ 3y - 10
Solution :
Answers
Answer:
the answer is x5.5
Step-by-step explanation:
The Empire State Building weighs about 7.3x10^8 pounds.The one World Trade Center building weighs about 88,220,000 pounds. What is the total weight, in pounds, of these two buildings? Expressing your answer in scientific notation in the form ax10^b, what are the values a and b?
Answers
Answer:
8.1822x10^8
or 818,220,000
The following data are for 30 observations involving two categorical variables, x and y. The categories for x are A, B, and C; the categories for y are 1 and 2.
Observation x y
1 A 1
2 B 1
3 B 1
4 C 2
5 B 1
6 C 2
7 B 1
8 C 2
9 A 1
10 B 1
11 A 1
12 B 1
13 C 2
14 C 2
15 C 2
Observation x y
16 B 2
17 C 1
18 B 1
19 C 1
20 B 1
21 C 2
22 B 1
23 C 2
24 A 1
25 B 1
26 C 2
27 C 2
28 A 1
29 B 1
30 B 2
a. Develop a crosstabulation for the data, with x as the row variable and y as the column
variable.
b. Compute the row percentages.
c. Compute the column percentages.
d. What is the relationship, if any, between x and y?
Answers
The row percentages for A, B, and C will be 0%, 83.3%, and 15.4% respectively.
How to calculate the percentage?The row percentage for A will be:
= 0/5 × 100
= 0%
The row percentage for B will be;
= 10/12 × 100
= 83.3%
The row percentage for C will be:
= 2/13 × 100
= 15.4%
The column percentage for A will be:
= 0/12 × 100
= 0%
The column percentage for B will be:
= 10/12 × 100
= 83.3%
The column percentage for C will be:
= 2/12 × 100
= 16.7%
Learn more about percentages on:
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I need help with this please
Answers
the third answer (bottom left): 3^7 x 1/3^4
the negative exponent means its 1 divided by the number and exponent. i hope this helps you!! <3
Answer:
[tex]3^{7} * \frac{1}{3^4}[/tex]
Step-by-step explanation:
7/22 rounded to the nearest thousandths
Answers
Answer:
0.318
Step-by-step explanation:
I hope this helps! :)
and can I get a brainliest?
Answer: 0.318
Step-by-step explanation:
ANSWER QUICK!
Which best represents the law of conservation of mass?
mass of reactants > mass of products
mass of reactants < mass of products
mass of reactants = mass of products
mass of reactants → mass of products
Answers
Answer:
mass of reactants before reaction is equal to mass of (products) after
hope this helps and can i get brainliest i answered first
Step-by-step explanation:
Answer:
It would be = mass of products
Step-by-step explanation:
Solve:
7(x + 3) < 5x + 13
1. x>-4
2.x<17
3.x<-4
4.x>-17
Answers
Answer:
Its x < - 4
Step-by-step explanation:
(2x−5.6)/3 = (1−x)/1.5 pls help
Answers
Answer:
1.9
can you also please mark me as brainliest?
Un grupo de 14 mujeres y 16 hombres
formará parejas de trabajo. ¿cuántas
parejas se pueden formar?
Answers
Responder:
14 parejas
Explicación paso a paso:
Una pareja es la combinación de un hombre y una mujer.
Dado que la cantidad de hombres reemplaza a la de mujeres en 2, esto significa que podemos emparejar a todas las mujeres con 14 hombres (excluyendo 2 hombres)
Promedio = (14 + 16) / 2
Promedio = 30/2
Promedio = 15
Como no podemos para un número impar de parejas sino pares, la cantidad de parejas que se pueden formar será:
No de parejas = promedio - 1
No de parejas = 15-1
No de parejas formadas = 14
Usando el concepto de proporción, tiene-se que 15 parejas se pueden formar.
-------------------------
Para solucionar esta pregunta, usa-se proporciones, a partir de una regla de tres.Una pareja es formada por 2 personas.En todo, tiene-se 14 - 16 = 30 personas. Quantas parejas?La regla de tres es:
1 pareja - 2 personas
x parejas - 30 personas
Aplicando multiplicacción cruzada:
[tex]2x = 30[/tex]
[tex]x = \frac{30}{2}[/tex]
[tex]x = 15[/tex]
Se pueden formar 15 parejas.
Un problema similar es dado en https://brainly.com/question/24617308
Four different stores have the same digital camera on sale. The original price and discounts offered by each store are
listed below. Rank the stores from the cheapest to most expensive sale price of the camera.
Store A: price $99.99 and discount of 15%
Store B: price $95.99 and discount of 12%
Store C: price $90.99 and discount of 10%
Store D: price $89.99 and successive discounts of 5% and 5%
A, B, C.D
b. A, B, D, C
c. D, A, B, C
d. D, C, B, A
a.
Please select the best answer from the choices provided
Answers
Answer:
D, C, B, A
Step-by-step explanation:
Given the prices below:
Store A: price $99.99 and discount of 15%
15% discount :
Discounted price : (1 - 0.15) * $99.99 = $84.99
Store B: price $95.99 and discount of 12%
12% discount :
Discounted price : (1 - 0.12) * $95.99 = $84.47
Store C: price $90.99 and discount of 10%
10% discount :
Discounted price : (1 - 0.10) * $90.99 = $81.89
Store D: price $89.99 and successive discounts of 5% and 5%
5% discount :
Discounted price : (1 - 0.05) * $89.99 = $85.4905
5% discount :
(1 - 0.05) * $85.4905 = $81.22
Cheapest = store D, then then C, then B, then A
D, C, B, A
Answer:
is D on Edge
Step-by-step explanation:
Simplify: 3√5⋅√10+11√5⋅√10−√5
26√50
14√15−√5
14√50−√5
6√35
Answers
Answer:
When multiplying radical expressions with the same index, we use the product rule for radicals. If a and b represent positive real numbers,
Example 1: Multiply:
√2⋅√6
Solution: This problem is a product of two square roots. Apply the product rule for radicals and then simplify.
Step-by-step explanation:
Hope this helps . ;)
Rewrite each equation in slope-intercept form. x=4y+2
Answers
Answer:
y=1/4x - 2/4
Step-by-step explanation:
x=4y+2
-4y+x=2
-4y=-1x+2
-4y/4=1/4x+(-2/4)
y=1/4x - 2/4
Hey! Hope your having a amazing day! Can you please help me and answer this questions? I need this fast! Thanks! ;( (Integers!)
Answers
Answer:
-15 feet
Step-by-step explanation:
-60/4=-15
Answer:
-15
Step-by-step explanation:
i hope this makes your day better!!
Divide. Check your answer. 17 parenrightze 5204
Answers
Based on the probabilities of events M and N, which statement is true? HURRY PLEASE!
Answers
Answer:
it is b or c i think but i am pretty sure it is c
Step-by-step explanation:
Answer plz plz plz plz plz
Answers
Answer:
if it is reflected on the y axis, it will be moved to quadrant 2(top left). if it reflects over the x axis, it will move to quadrant 4(bottom right).
John bikes at a speed of 10 miles per hour. His friend Brian is slower, his biking speed is only
8 miles per hour.
Today the boys went for a 20 miles trip, each boy was biking at his usual speed. How long did John wait for Brian at the finish line?
Answers
Answer:
I think John waited half an hour for Brian
Step-by-step explanation:
20/10=2
20/8+2.5
Answer:
1/2 hours
Step-by-step explanation:
What angle is this?
Answers
Identify the like terms in the expression.
-12h-4+9-3h
Answers
Answer:
The numbers with the same variables and exponent degree are like terms.
-12h and -3h are like terms, -4 and 9 are like terms.
a Given p(x) = X+41, what is (-10)?
Answers
Answer:
p(-10) = 31
Step-by-step explanation:
Plug in -10 as x into the equation, and solve
p(x) = x + 41
p(-10) = -10 + 41
p(-10) = 31
Given : p(x) = x + 41
We have to find value of p(-10)[tex].[/tex]
➙ p(x) = x + 41
By substituting x = (-10), we get
➙ p(-10) = (-10) + 41
➙ p(-10) = 41 - 10
➙ p(-10) = 31
Hope It Helps!1) Chris Campbell opened a private security service. To pay for office furniture and training
for his employees, he borrowed $14,800 and agreed to pay the loan back in 10 months
at 9% simple interest. Find the total amount he will require at the end of that period to
repay the loan.
Answers
Answer:
16,132 that is adding the 9% interest fee he will have to pay $16,132 back by the end of that period.
Step-by-step explanation:
I NEED HELP WITH THIS PLEASE?
Answers
Answer:
37°
Step-by-step explanation:
∠CDE and ∠ABE are alternate interior angles, so are congruent. That is, if we find ∠ABE, we have the answer to the question.
∠DEA is an exterior angle to ∆ABE, so is equal to the sum of the remote interior angles:
∠DEA = ∠ABE +∠BAE
62° = ∠ABE +25°
∠ABE = 62° -25° = 37°
∠CDE = 37°
It’s division plz ASAP
Answers
Answer:
98/115
Step-by-step explanation:
2 4/5 / 3 2/7
14/5x23/7
14/5x7/23
98/115
Answer:
it is 98/115 but I dont know what the simplified part of it is
Step-by-step explanation:
2 and 4/5 turns into 14/5. 3 and 2/7 turns into 23/7. keep 14/5 the same but flip 23/7 over to be 7/23. then multiply it and you get 98/115
The price per share of a company increases from $16.00 to $20.00
What is the percent increase of the price per share of the company?
Answers
Answer:
25%
Step-by-step explanation:
16*1.25=20
Hope this helps!
The perimeter of a rectangle is 180 meters. If the length of the rectangle is 20 meters more than the width, what are the dimensions of the rectangle?
Answers
Answer:
you just need all your dimensions to equal 180
Step-by-step explanation:
180 = 20........
4 + 3² × 2 - 1
full account please
Answers
Answer:
21
Step-by-step explanation:
the answer was simplified
A multiple of a number is either ------than or----- to the number
Answers
Answer:
its less than, equal to
How to solve this
6m+6+7(1-3m)=-32
Answers
Answer:
m=15
Step-by-step explanation:
BODMAS
6m+6+7-3m=-32
collect like terms
6m-3m+6+7=-32
3m+13=-32
3m=-32-13
3m=45
m=45/3
m=15
Answer:
m = 3
Step-by-step explanation:
6m + 6 + 7(1 - 3m) = -32 (distruibute)
6m + 6 + 7 - 21m = -32 (collect like terms)
-15m + 13 = -32 ( subtract 13 on both sides to get rid of it on the left side)
-15m = -45 (divide by -15 on both sides to get m alone)
m = 3
HOPE THIS HeLPeD!!