over the last 4 years michael has earned $240 interest on an initial investment of $2,000. what simple annual interest rate is the bank paying on this account

Answers

Answer 1

Answer:

.03 or 3%.

Step-by-step explanation:

Important:

I = interest

P = principal (investment)

R = simple interest rate

T = years

Formula: I = PRT

Given:

I = $240

P = 2000

T = 4 years

R = ?

Plug into formula:

240 = 2000(R)4

Multiply right side 2000*4

240 = 8000R

Divide both sides by 8000.

R = 240/8000

R = .03

The simple annual interest rate was .03 or 3%.

Therefore it .03 or 3%


Related Questions

I need help for 5 questions and need a answer for them appreciate them

Answers

Answer:

Step-by-step explanation:

The tape diagram represents an equation.

Answers

Answer:

y² = 7

Step-by-step explanation:

Kelly runs a distance of 100 metres in a time of 10.52 seconds.
The distance of 100 metres was measured to the nearest metre.

The time of 10.52 seconds was measured to the nearest hundredth of a second.

(a) Write down the upper bound for the distance of 100 metres.

Answers

The upper bound means the highest number that you can round up to the nearest unit, in this case meters. So the upper bound for the distance of 100 meters is 100.4 meters.

Answer:

bye

Step-by-step explanation:

Maggie noticed that her financial record is missing information. She recalls that on October 15th, she purchased gasoline in the amount of $32.51 and on October 16th, she and her friends went out for dinner, where she spent $25.62. Given this information, and the image below, determine her balance as of October 26th.A bank register. The balance on 10/25 was 170 dollars and 29 cents.a.$112.16b.$62.03c.$27.62d.$2.00

Answers

Based on the balance on her account on October 25th, we can calculate that her balance on October 26th was a. $112.16

Any expenses that we make from our bank account reduces our bank balance. This means that Maggie's buying of gasoline and the dinner she went on will reduce her account balance.

Her new balance will therefore be:

= Beginning amount - Expenses

= 170.29 - 32.51 - 25.62

= $112.16

In conclusion, her balance on October 26th is $112.16

Find out more at https://brainly.com/question/13168057.

Answer:

A $112.16

Step-by-step explanation:

The diagonals of a rhombus measure 16 cm and 30 cm .find its perimeter ( in easy way)?

Answers

Answer:

68 cm

Step-by-step explanation:

Let ABCD be a rhombus, all sides of the rhombus have equal length and its diagonal AC and BD are intersecting each other at a point O.

As we know that the diagonals in the rhombus bisect each other at 90°.

So, AO can be written as (AC/2)  

= 16/2  

= 8 cm

And, DO can be written as (BD/2)

= 30/2  

= 15 cm

Then, consider the triangle AOD and apply Pythagoras theorem,  

AD2 = AO2 + DO2

AD2 = 82 + 152

AD2 = 64 + 225

AD2 = 289

AD = √289

AD = 17 cm

Hence, the length of each side of the rhombus is 17 cm

Now,

The perimeter of rhombus = 4 × side of the rhombus

= 4 × 17

= 68 cm

Therefore, the perimeter of the rhombus is 68 cm.

The pictures is where my question is someone please answer it.

Answers

Answer:

functions: first one, third one, fifth one, seventh one, eigth one

the rest are not function

Step-by-step explanation:

if it is a function it either passes the line test or it doesnt have two outputs

I’m giving the right
Answer brainlyest and 5 star rating

Answers

Answer:

the first one i think sorry it im wrong

Step-by-step explanation:

the answer is the third one

angles a and b in both angles sets are ?

Answers

Answer:

1) b = 60°

2) a = 90°, b = 90°

Step-by-step explanation:

1) Angles on a straight line add to 180° so 180 - 120 is 60°

2) The two lines are perpendicular (meet at right angles) so both angles are 90°

Hope this helps!

Find the range of data set 10, 18, 21, 28, 12, 20

Answers

Answer:

range 18

Step-by-step explanation:

Answer:

18

Step-by-step explanation:

1. The range of a data set is the difference between the largest and smallest number. In this case, the largest number is 28, and the smallest number is 10.

[tex]28 - 10[/tex] [tex]18[/tex]

Therefore, the range is 18.

please help i reward brainliest ;)
Leila runs at 12 miles per hour. Find the number of miles she can travel if she runs for 3 more than t hours.

Answers

Answer:

If she runs for three hours, then she'll run 36 miles

Going at the speed she is going, Leila can travel a distance of 12(3 + t).

The distance that a person can travel is found by:

= Speed x time

The speed here is 12 miles per hour

Time = 3 more than t hours = (3 + t hours)

The distance Leila would have gone is therefore:

= 12 x (3 + t)

= 12 (3 + t)

In conclusion, as the question is not complete, the relevant expression to find the distance is 12 ( 3 + t)

Find out more at https://brainly.com/question/11317310.

How to solve this question ????
Help me please

Answers

You make them to improper fractions then you find a greatest common factor and then go from there
7
-
38 I think I could be wronged

4/100 fraction as percent

Answers

Answer:

4%

Step-by-step explanation:

have a lovely day <3

Answer:

4% is 4/100 as a percent

just take the fraction and turn it into a fraction out of 100 which this already is and then the percent is the numerator

Which statement is true? 13/14=169/182 13/14<169/182 13/14>169/182
pls help me

Answers

Answer: 13/14 = 169/182

Step-by-step explanation:

If you do 13 x 182 = 2,366

And then do 14 x 169 = 2,366

Making both sides equal if you multiple the numerator by denominator using cross multiplication

The fraction number 13/14 is equal to the fraction number 169/182. Then the true statement is A.

What is Algebra?

Algebra is the study of mathematical symbols, while logic is the manipulation of those icons.

The product is another name for it. If the same thing, n, is delivered to m different people, we merely multiply them.

The fraction number is given below.

⇒ 13/14 and 169/182

Multiply the fraction number 13/14 by 13 in numerator and denominator. Then the expression is written as,

⇒ (13 x 13)/(14 x 13)

⇒ 196 / 182

The fraction number 13/14 is equal to the fraction number 169/182. Then the true statement is A.

More about the Algebra link is given below.

https://brainly.com/question/953809

#SPJ5

Find the missing side of each triangle. Leave your answer in simplest radical form.
(Please show ur work)

Answers

Answer:

[tex]x = 2\sqrt{55}[/tex]  

Step-by-step explanation:

Given the values for the leg and hypotenuse:

a (leg) = 6 cm

c (hypotenuse) = 16 cm

Use the Pythagorean Theorem to find the value of the other leg, x:

[tex]x = \sqrt{c^{2} - a^{2} }[/tex]

[tex]x = \sqrt{16^{2} - 6^{2} }[/tex]

[tex]x = 2\sqrt{55}[/tex]  

Answer:

Your answer is [tex]\sqrt{220}[/tex] or 14.8323969...

Step-by-step explanation:

[tex]A^{2} +B^{2} =C^{2} \\x^{2} + 6^{2} =16^{2}[/tex]

[tex]x^{2} =16^{2} -6^{2} \\[/tex]

[tex]x^{2}[/tex] = 256 - 36

x = [tex]\sqrt{220}[/tex]

Please do help.Thanks :)​

Answers

There your answer hope it help you

6/8 of a gallon of orange juice is left. Six thirsty people want an equal amount of orange juice. How much does each person get?

Answers

Answer:

they each get 1/8 of a gallon of orange juice

Step-by-step explanation:

which is bigger? 36.2 or 36.12
which is bigger? 9.18 or 9.19
which is bigger? 7.6 or 7.60​

Answers

Answer:

36.20

9.19

7.6 and 7.60 are the same number

Step-by-step explanation:

which is bigger? 36.2 or 36.12   ------    36.2 is bigger

which is bigger? 9.18 or 9.19  ----------  9.19 is bigger

which is bigger? 7.6 or 7.60​   ----------   7.6 and 7.60 are the same

How many solutions does the system have?\begin{cases} y = 9x-5 \\\\ y = 9x+6 \end{cases}⎩⎪⎪⎨⎪⎪⎧​y=9x−5y=9x+6​Choose 1 answer:Choose 1 answer:(Choice A)AExactly one solution(Choice B)BNo solutions(Choice C)CInfinitely many solutions

Answers

The solution to the given equations has infinitely many solutions

Given the following set of equations:

y = 9x - 5

y = 9x + 6

Equating both expressions

9x - 5 = 9x + 6

Collect the like terms

9x - 9x = 6 + 5

0x = 11

x = 11/0

x = ∞

This shows the solution has infinitely many solutions

Learn more here: https://brainly.com/question/11733569

Answer: b

Step-by-step explanation: bc khan

(4-1/4+2/3)+(5+4/3-6/5)-(6+7/4+4/5)

Answers

Answer:

The answer is 1…

Step-by-step explanation:

Well you can elimate a lot of fractions right off the bat just multiply everything by 60/1.

the final result will be

(240+15+40)+ (300+90-72)- (360+105+24)

Now solve

240-15+40=265

300+90-72=318

360+105+24=513

265+268-489

265+268= 11

533-513=20

bleh i m not sure naymore

what is the sum of the first 30 even numbers i added them all up and got 300 but lots of people are getting diffrent answers some how?

Answers

the horses name was friday

Can someone let me know how to work these out. I don’t want the answer i want the method please!!

Answers

Answer:

45: you want to multiply 1/7 by 49x and then multiply 1/7 by 7y

47: you want to multiply 1/8 by 8x and then multiply 1/8 by -16

49: you want to multiply 1/10 by 100x and then multiply 1/10 by 10y

Answer:

Step-by-step explanation:

factorization, is that how u call it? S: Im not good at english

49 = 7x7, right?

and

7 = 7 x 1

then (49x + 7y) = (7*7x + 7y) = 7(7x + 1y)

7*7x = 49x

7*1y = 7y

--------------------------------------------------------

1*7 -----> 7(7x + 1y)

              -------------

                    7

Simplify 7/7 = 1

answer = 7x +y

State any two types of natural vegetation?

Answers

Answer:

forest, tundra, and grasslands

Help please!!!!!!!!!!!! I need help

Answers

Slope of first graph (-3+8)/(-5+10) = 5/5 = 1
Slope of second graph = 4
Slope of Function A is less than that of Function B

Answer:

The slope of Function A is less than the slope of Function B.

Step-by-step explanation:

Using the slope formula:

m = (y2 - y1)/(x2 - x1)

and the following ordered pairs from Function A:

(x1, y1) = (-5, -3)

(x2, y2) = (-10, -8)

m = (y2 - y1)/(x2 - x1)

[tex]m = \frac{-8 - (-3)}{-10 - (-5)} = \frac{-8 +3}{-10+5} = \frac{-5}{-5} = 1[/tex]

Since Function A's slope = 1, and Function B's slope = 4, then it means that the slope of Function A is lesser than the slope of Function B.

Write the equation parallel to y=−1/4x (meaning with a slope of −1/4) but passing through the point (−12,1).

Answers

Answer: y=1/4x+4

Step-by-step explanation:

Parallel means the new equation will have the same slope.

y= 1/4x+b

We don't know the b value yet but we can plug in coordinates to solve. We can use the one provided since it has to be a value of this equation.

1= 1/4(-12)+b

1= -3+b

b= 4

y=1/4x+4

The price of a baseball card began at $5.00. A collector marked the price up 500% and is reselling the card online. What is the new sales price of the baseball card?

Answers

Answer:

25.00

Step-by-step explanation:

5.00 x 500% = 25

Hello, please help me with this as well, but show me example how you worked it out?

33 + - 5

Answers

Answer: 28

Step-by-step explanation: A positive (+) and a negative (-) together make it a negative (-) which takes the positive away (+) making it 33 - 5 = 28

Answer:

28

Step-by-step explanation:

Subtract 33 - 5. You should get 28. But since the greater number is positive, the answer will be positive.

70 POINTS PLEASE HELP GIVING BRAINLIEST

Sally bought the pizza that was shown above for lunch, which was cut into 10 equal slices, what percentage of the pizza did sally eat if she had four slices?

Answers:
20%


30%


40%


50%

Answers

Answer:

the answer would be 40%.

The formula C = f1 relates the speed (C), frequency (f), and the wave (d) of light.
Choose from the drop down lists to complete the sentence:

Answers

Answer:

Step-by-step explanation:

Find the value of X. Show your work.

Answers

Answer:

x = 3

Step-by-step explanation:

The traingels are similar so we can conpare sides.

3 is to 18 as 2 is to 4x or

3/18 = 2/4x

1/6 = 1/2x

6 = 2x

3 = x

Answer:

x = 3

Step-by-step explanation:

The triangle in the left is dilated 3 times bigger than the triangle in the right

that means that the left triangle is 3 times larger. In order to solve for x, you must compare one side from the left triangle to the other side of the right triangle.

so…

since the hypotenuse of the left triangle is 18, the hypotenuse of the right triangle is 3. 18 to 3 is 6 because 18 divided by 6 is 3.
And from 15 to 2 1/2 is 6 as well. (Use your calculator if you need to). so with all that information, x = 3 because…

4x > 2

and since the right triangle is 3 times larger…

4(3) > 2

12 > 2

and that means that 12 to 2 is 6

Therefore, the value of x is 3

complete the table to summarize what you know about each rocket.

Answers

need more information. need to see the table
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