Rachel had a loan for $4,000 loan for 4 years.
She paid a total of $608 in simple interest over the 4 years.
What was the annual interest rate for the loan?

Answers

Answer 1

9514 1404 393

Answer:

  3.8%

Step-by-step explanation:

The interest on a simple-interest loan is ...

  I = Prt

where P is the principal value, r is the annual rate, and t is the number of years.

Solving for r, we get ...

  r = I/(Pt) = 608/(4000×4) = 0.038 = 3.8%

The annual interest rate for the loan was 3.8%.


Related Questions

pls help!!!
Find the missing side. (Round to the nearest tenth, if necessary)

Answers

Answer:

7.8

Step-by-step explanation:

We can use pythagorean theorem [tex](a^2+b^2=c^2)[/tex] where a and b are sides of a right triangle and c is the hypotenuse.

[tex]x^2+13.3^2=15.4^2[/tex].

[tex]x^2=15.4^2-13.3^2\\[/tex]

[tex]x^2=237.16-176.89\\x^2=60.27\\x=7.763[/tex]

Rounded to the nearest tenth, x = 7.8

Answer:

This is your answer ☺️☺️☺️. If I'm right so,

Please mark me as brainliest. thanks!!!

Can somone pls help me with this I have a C- in math and I really need help also a like show work on each one plsss

Answers

Answer:

1. [tex]\frac{3}{8}[/tex]

2. [tex]\frac{1}{4}[/tex]

3a. [tex]-\frac{1}{4}[/tex]

3b. 3

3c. [tex]-\frac{4}{5}[/tex]

4. [tex]m = \frac{y_1 - y_2}{x_1-x_2}\\[/tex]

Step-by-step explanation:

1.

Rises 6 inches for every horizontal change of 16 inches

Slope = rise/run

Slope = 6/16

Slope = 3/8

2.

Rises 3 feet for every horizontal change of 12 feet

Slope = rise/run

Slope = 3/12

Slope = 1/4

3a.

[tex]m = \frac{y_1 - y_2}{x_1-x_2}[/tex]

[tex]m = \frac{3-2}{-2-2}[/tex]

[tex]m = \frac{1}{-4}[/tex]

[tex]m = -\frac{1}{4}[/tex]

3b.

[tex]m = \frac{y_1 - y_2}{x_1-x_2}\\[/tex]

[tex]m = \frac{-1 - 2}{-1-0}[/tex]

[tex]m = \frac{-3}{-1}[/tex]

[tex]m = 3[/tex]

3c.

[tex]m = \frac{y_1 - y_2}{x_1-x_2}\\[/tex]

[tex]m = \frac{1 - (-3)}{-1-4}\\[/tex]

[tex]m = \frac{4}{-5}\\[/tex]

[tex]m = -\frac{4}{5}[/tex]

4.

[tex]m = \frac{y_1 - y_2}{x_1-x_2}\\[/tex]

giving brainliest *easy*

Answers

Answer:

1256

Step-by-step explanation:

⚠️URGENT PLEASEEEEE HELP!!!

Find the m

Answers

Answer

It is 112

Step-by-step explanation:

Evaluate the following problem: (7.2 × 105)(0.4 × 10−3)

Answers

Answer:

756

Step-by-step explanation:

Answer:

756

Step-by-step explanation:

(7.2×105)(0.4×10−3)

Multiply 7.2 and 105 to get 756.

756(0.4×10−3)

Multiply 0.4 and 10 to get 4.

756(4−3)

Subtract 3 from 4 to get 1.

756×1

Multiply 756 and 1 to get 756.

756

Simplify: 6a - 9+
10a.

Answers

16a - 9 I think that’s the answer hope this helped

If we have 9 candy bars and each student gets 1/3 candy barwith 10 students, how much of a sandwich does each student get? Explain using examples or drawings

Answers

Answer:

...................

Step-by-step explanation:

..

Angelica made sales of $5,000. She receives a 3% commission. How much would her commission be if her sales doubled?​

Answers

Answer:

Step-by-step explanation:3% of $10,000 is $300.

If you deposit $300 a month into an account that accredits you 3% compounded monthly, how much money will you have in your account after 25 years?
A. $112,430
B. $133,800
C. $122,653
D. $98,902

Answers

Compound interest is the interest generated on a sum of money invested. The amount of money that you will have in your account after 25 years is  $122,653

How to calculate the compound interest?

Compound interest is the interest generated on a sum of money invested. The formula for calculating compound interest is expressed as:
A = P(1+r/n)^nt

Given the following parameters

Principal P = $3600 (a year)
rate r = 0.03
Time  t = 25 years

n  = 12 (time of compounding)

Substitute

A = 3600(1 + 0.03/12)^12(25)
A = 3600 (1.0025)^300
A = 3600(2.1150)
A = $122,653

Hence the amount of money that you will have in your account after 25 years is  $122,653

Learn more on compound interest here: https://brainly.com/question/24274034

Find the value of x in the triangle shown below.
1
13
2
12
Choose 1 answers

Answers

Answer:

x = 5

Step-by-step explanation:

a² + b² = c²

x² + 12² = 13²

x² + 144 = 169

x² = 169 - 144

x² = 25

[tex]\sqrt{x^2} =\sqrt{25}[/tex]

x = 5

Solve each equation.

2(−3)=14
-5(−1)=40
12(+10)=24
16(+6)=11
57(−9)=25

Answers

Answer:

jkudrhytiu4wry bui634y uiyb4uiyttui4ytui4yuityu34w ytiuyy4ty4oi8t4otiu4ioyt

Step-by-step explanation:

ryeropiutopier5uoiyturloiuy6otieruoiyluriluyrtuur6

Find the measurement of angle P.

Answers

DK but hi how are you hope you have a great day

Allison flipped a coin twenty times. She flipped heads 4 times and tails 16 times. What is the experimental probability that Allison will flip heads on her next flip?

The answer choices are:
80%
25%
20%
Please help!!

Answers

Answer:

C. 20%

Step-by-step explanation:

4 times out of 20 is 20%

someone please help me with this ASAP!

Answers

Answer:

foreal

Step-by-step explanation:

34 + (-21) +15 = 0
5
-2
NE
2.

Answers

Answer:

[tex]34 + ( - 21) + 15 = 28[/tex]

3. Mandy made monthly deposits of $300 into a savings account for two years.
The account provided her with an interest rate of 3.5% compounded
monthly. She then left her money in the account to grow at 2.5%
compounded quarterly for an additional three years. How much money is in
the account at the end of the five years? (5 marks)
Formulae:
f = (1 + i)" - 1
i
nm Xt
m

Answers

Answer:

the answer is 35

Step-by-step explanation:

The Roger's applied for a $70,000 mortgage for 30 years at 9%. Since they had a good credit history,
they actually qualified for a 25 year mortgage at 7%. What were the payments on the 9% loan, and the
7% loan? What do they save monthly? What is the total repayment on the 9% loan and the 7% loan, and
what do they save over the life of the loan?

Answers

9514 1404 393

Answer:

9% payments: $563.247% payments: $494.75monthly savings: $68.499% total repaid: $202,764.907% total repaid: $148,423.63savings: $54,341.27

Step-by-step explanation:

It works nicely to let a calculator or spreadsheet figure the payment and loan values. The graphing calculator work is attached.

Answer:

9% payments: $563.24

7% payments: $494.75

monthly savings: $68.49

9% total repaid: $202,764.90

7% total repaid: $148,423.63

savings: $54,341.27

Step-by-step explanation:

PLEASE HELP ME YOU DECENT PEOPLE

Answers

Answer:

A

Step-by-step explanation:

Answer:

A.

Step-by-step explanation:

First we find what fraction 8 is of 12. Which is 2/3. With 2/3 we use this fraction with 15 (which is 15/3 = 5 then we multiply this by the numerator which is 2 x 5 = 10) So, 2/3 of 15 is 10.

2x+3y=15 x+y=6 solve these simultaneous equations

Answers

Answer:

do you need it for both sides

Step-by-step explanation:

2/4 = 1/2 or 1/3
which is the answer

Answers

Answer:

1/2

Step-by-step explanation:

Because you can simplify 2/4 by 2, to get 1/2

Answer:

1/2

Step-by-step explanation:

13. The product of 0.21 and 1.8 is 0.378
A) True
B) False

Answers

Answer:

true

Step-by-step explanation:

because 0.21 ×1.8 is 0.378

HELPPP WIILLLL MAKR BRAINLIEST IF RIGHTTTT

Answers

Answer:

I think the answer is letter B

Answer:

4π yd²

Step-by-step explanation:

Area of a circle = πr²

πr²=4π

r²=4

r=2

Circumference of a circle = 2πr = 2π(2) =4π

which expression represents the area of the trapezoid below? Use the given formula: A= 1/2 (b1 + b2)​

Answers

Answer:

I think its 5x²-27x+10

Step-by-step explanation:

Area of trapezium:

a+b/2× h

So substitute into the formula:

4x - 1 + 6x - 3 /2 × (x - 5)

1. 4x - 1 + 6x - 3 (collect all like terms)

4x + 6x + -1 -3 = 10x - 4

2. 10x - 4 / 2

= 5x - 2

3. 5x - 2 × x - 5

Use FOIL:

5x ² - 25x - 2x + 10

= 5x ² - 27x +10

Help quick!like really quick

Answers

Answer:

2 is 2930in²

Step-by-step explanation:

y=(x-1)^2-9 standard form

Answers

Answer:

Y=x^2-2x-8

Step-by-step explanation:

rgbrgbrgbgbeefweuvhuuvhduvwg

The standard form of the equation y=(x-1)²-9 is y=x²-2x-8

What is Equation?

Two or more expressions with an Equal sign is called as Equation.

y=(x-1)²-9 equation is in the form of a quadratic equation

where y is the unknown variable and x is the known variable.

The equation can be written in standard form by expanding the (x-1)² term and combining like terms.

y=(x-1)²-9

y=x²+1-2x-9

Combine the like terms

y=x²-2x-8

The expanded form of the equation is y=x²-2x-8

Hence, the standard form of the equation y=(x-1)²-9 is y=x²-2x-8

To learn more on Equation:

https://brainly.com/question/10413253

#SPJ3

Hey guys, I really need help with this question!Please no links, or I will report! Dont answer if you dont know please! ​

Answers

The second option :)

Alexis has $115 and he is earning $50 per week at his summer job. Eduardo has $130 and is earning $40 per week at his summer job. Which system of equations could be used to determine how many weeks they must work to earn the same amount?​

Answers

Answer:

Step-by-step explanation:

Alexis earned to equal Eduardo earned in how many weeks

Alexis earned           115 + 50w = Total        w equals weeks

Eduardo earned      130 + 40w = Total        w equals weeks

subtract equations    -15 + 10w =  0

                                            10w = 15

                                             w = 1.5 weeks   they both will have $190

Answer:

addition or multiplication

A rectangle has side lengths of 3 inches and square root 5 inches. Which statement
must be true
about the area of the rectangle?

Answers

Answer:

B

Step-by-step explanation:

Firstly, we will take a look at the equation and the options listed to choose from.

Secondly, we notice these options are reffering to rational and irrational numbers.

A rational number is a number that can be expressed in a ratio of 2 integers. (Form example whole numbers such as 1 (1/1), 2(2/1) 5(5/1, 10/2) and even decimals like 3.75 (375/100) or (750/200) etc.

As for irrational numbers, these can NOT be simplified between a ratio 2 integers. For example the question states 3 multiplied by the square root of 5. The square root of 5 is 2.2360679... multiplied by 3 we get 6.7082..... Numbers such as those can go on for infinity and can not be simplified as integers therefore they are irrational numbers.

.............................................................................................................

With this knowledge, it means then options A and C are out. So lets take a look at B and D which statement is true and which is false?

With this knowledge, it means then options A and C are out. So lets take a look at B and D which statement is true and which is false?B is true because we already know that the product of the numbers was 6.708.... irrational number based on our workings above.

With this knowledge, it means then options A and C are out. So lets take a look at B and D which statement is true and which is false?B is true because we already know that the product of the numbers was 6.708.... irrational number based on our workings above.D is false because if the product is 6.708 it can not be the square root of 15 (3.872)

B. It is an irrational number because the product of the side lengths is [tex]3\sqrt{5}[/tex], an irrational number.

According to this question, we know the lengths of the two sides of the rectangle, the length of a side is an positive integer and the length of the other one is an positive irrational number. The area of the rectangle is the product of the two sides lengths mentioned above.

By algebra, we know that the product between an integer and an irrational number leads to other irrational number. Therefore, the area of the rectangle is represented by an irrational number.

[tex]A = (3)\cdot \sqrt{5}[/tex]

[tex]A = 3\sqrt{5}[/tex]

Hence, the right answer is B.

We kindly invite you to check this question on irrational numbers: https://brainly.com/question/528650

A bag contains 8 blue coins and 10 red coins. A coin is removed at random and replaced by three of the other color.
Part 1 out of 3
What is the probability that the removed coin is blue? Enter your answer as a simplified fraction. (PLEASE HELP)

Answers

Answer:

Wait can you re expain in the comments

Step-by-step explanation:

you pick a card at random 4,5,6,7 What is p(5)

Answers

Answer:

1/4

Step-by-step explanation:

probability of picking 5 is 1/4

the number of 5 in the set is 1 and the total is 4

hence 1/4

Answer:

1/4 or 25% chance

Step-by-step explanation:

There are 4 cards in total

There is only 1 5 card.

To find the probability of getting 5:

1/4 = 25%

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