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No money was deposited into or withdrawn from the account.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

really need help with this

Answers

There’s no picture so no asset

6) Which is an equation of the line with a slope of -4 and a y-intercept of -2?
x - 4y = 8 x + 4y = -8
4x + y = -2
4x - y = 2

Answers

Answer:

its 4x+y-2 I think but I am not totally sure

Step-by-step explanation:

i dont get this pls help

Answers

Answer:

x=2.52

Step-by-step explanation:

30.16=17.56+5x

Subtract 17.56 from both sides

12.6=5x

17.56 cancels on the right side

Divide 5 to both sides

5 cancels on right side  

12.6/5=2.52

x=2.52

IM CONFUSED PLS HELP HURRY

Answers

Answer:

ok

Step-by-step explanation:

987654321

Step-by-step explanation:

solve using elimination. it would be the best to search on google solve using elimination algebra 1. click on the first video i used that when i was in algebra

In Heavenly Hash ice cream, the ratio of the amount of cashews to the amount of marshmallows to the amount of chocolate ice cream is 1 : 3 : 36 by volume .

What is the ratio of the amount of marshmallows to ice cream?

Answers

Answer:

90%

Step-by-step explanation:

The ice cream is 1 part cashew, 3 parts marshmallow, and 36 parts chocolate ice cream.  That's a total of 40 parts.  So the fraction that is chocolate ice cream is:

36/40 = 0.9

So 90% of Heavenly Hash ice cream is chocolate ice cream.

Lois earns $20 for walking 4 dogs. How much would she earn for each dog?

Answers

Answer: She would earn $5 per dog

Step-by-step explanation: 20 divided by 4 = 5

Answer:

$5 for each dog

Step-by-step explanation:

If you have $20 for walking 4 dogs and wanted to know how much you made for each single dog, you would divide by the number of dogs by the amount you received doing this you get the equation 4/20. That equals 5.

Sally is selling two types of seashells by the seashore. She is selling large and small shells. She sells small shells for 2 dollars each and large shells for 5 dollars each. She sold a combined 15 shells for total of 60 dollars. How many of each type of shell did she sell? Show your work.

A - 5 small shells and 10 large shells
B - 10 small shells and 5 large shells
C - 7 small shells and 8 large shells
D - 8 small shells and 7 large shells

Answers

Answer:

The answer is A

Step-by-step explanation:

If you plug in the numbers it looks like this:

(A)  5(2) + 10(5) = 60

(B)  10(2) + 5(5) = 45

(C) 7(2) + 8(5) = 54

(D)  8(2) + 7(5)

so a is the only one that equals 60

She will sell 5 small shells and 10 large shells. The answer is A.

What is an expression?

The mathematical expression combines numerical variables and operations denoted by addition, subtraction, multiplication, and division signs.

Mathematical symbols can be used to represent numbers (constants), variables, operations, functions, brackets, punctuation, and grouping. They can also denote the logical syntax's operation order and other properties.

Given that Sally is selling two types of seashells by the seashore. She is selling large and small shells. She sells small shells for 2 dollars each and large shells for 5 dollars each. She sold a combined 15 shells for a total of 60 dollars.

The numbers will be calculated as

(A)  5(2) + 10(5) = 60

(B)  10(2) + 5(5) = 45

(C) 7(2) + 8(5) = 54

(D)  8(2) + 7(5)

Here, option A is giving the correct sum. Therefore, she will sell 5 small shells and 10 large shells.

To know more about an expression follow

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Help ASAP! Will name brainliest!

Answers

Answer:

ok don't get mad if i get it wrong but would it be the second one because the numbers match up with the numbers in the table itself i don't know if that's what its asking but....

Step-by-step explanation:

Estimate a 15% tip on a dinner bill of $72.13 by first rounding the bill amount to the nearest ten dollars?

Answers

Answer:

the tip is $10.5 = $72.15= $70*.15+ $10.5

Step-by-step explanation:

I like ur name it is very cool

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:

C. mass of reactants = mass of products

Step-by-step explanation:

The mass of products = mass of reactants

This question asks us about the law of conservation of mass

What is law of Conservation of Mass

The law of conservation of mass states that matter can neither be created nor destroyed but can be transformed form one state or form to another. This is the basics of science which implies that whatever matter we have, it was created from something before it was converted into what we have at the moment.

However, this law does not hold nuclear reactions because they undergo changes in the core of the matter which can change the proton of that same matter or neutron from one element to another. This is to say that in nuclear reactions, matter can be created and it can also be destroyed.

The answer to this problem is mass of products = mass of reactants.

Learn more on conservation of matter here;

https://brainly.com/question/18434745

This is for middle school 9th grade please help me :)

Answers

Answer:

C.

Step-by-step explanation:

If you subtract 17 from my number and multiply the difference by -5 ​, the result is -60​.

Answers

Answer:

29

Step-by-step explanation:

29-17= 12

12x-5=-60

the answer it 29

:) explanation i just used the person that answered first credits to them :)

What is 2+2. Please answer this as soon as possible

Answers

Answer:

4

Step-by-step explanation:

you take the two and add it the the two

2+2 is OBVIOUSLY 73 duh

Name the set of numbers that √7 belongs.

Answers

Answer:

Thats A radical number

Step-by-step explanation:

Since its. Sqare root with a never ending decimal (not perfect)

Whats the absolute value of 3 1/7

Answers

Answer:

3.142857  (3.14)

Step-by-step explanation:

Desmond has already jarred 4 liters of jam and will jar an additional 3 liters of jam every day. Write an equation that shows the relationship between the days d and the jam made j. Write your answer as an equation with j first, followed by an equals sign.​

Answers

Answer:    j = 3d + 4

======================================================

Explanation:

Referring to the answer above, the "+4" at the end represents the amount Desmond already has. He started off with 4 liters.

The 3d represents the 3 liters he gets per day, where d is the number of days.

So we combine the two elements getting 3d+4 representing the number of liters at any given day. That's why the answer is j = 3d+4

If we plug in d = 0, then j = 3d+4 = 3*0+4 = 4 liters is what he starts with.

If we plug in d = 1, then j = 3d+4 = 3*1+4 = 7 liters is what he has the following day. This shows Desmond gained 3 more liters.

If you plug in d = 2, you'll find that 3d+4 becomes 10, showing yet another 3 liters is added on. This process can go on for as long as you want.

How many gallons of water will a rectangular tank hold if the base is a square that is 8 feet 10 inches on one side and the tank is 10 feet 3 inches high? Round to the nearest tenth.

Answers

Answer:

reeeeee

Step-by-step explanation:

eeeeeeeeeeee

What is the perimeter of a triangle with sides
14 inches, 8 inches, and 16 inches in length?

Answers

Answer:

38 inches

Step-by-step explanation:

just add them all together.

HELPPPPP PLEASEEEE ILL GIVE BRAINLISTE

Answers

the answer is A, -5 < x < 4

Answer:

that guy is right i double checked his work

Step-by-step explanation:

-9(5-2)-111÷3 show all work ​

Answers

Answer:

-74

Step-by-step explanation:

First: 5-2=3

-9*3=-27

111÷3=37

Then do -27-37=-74

Answer:

-9·3-111 ÷3

-27-111 ÷3

-27-37= -64

the answer is -64

Which of the following amounts is greater than 6 feet? Select all that apply.

A) 2 yards, 3 inches
B) 5 feet, 8 inches
C) 96 inches
D) 3 yards, 2 feet
E) 1 yard, 2 feet

Answers

Answer:

d, a,c

Step-by-step explanation:

1 yard is equal to 3 feet

therfore

d and a are definetly  bigger.

96 inches is equal to 8 feet  

A is 6ft 3in, C is 8ft, D is 11ft

Find the coordinates of point P along the directed line segment AB with endpoints from A(2, 7) to B(-1,1) with the given ratio of 2 to 1.

Answers

The answer is 5, 9 if its not than it is 3,4 that is the answer no problem

Will give brainlist.. thanks!

Which equation is represented by this graph?

A. Y=3/2x + 3
B. Y=2/3x + 3
C. Y=3/2x - 2
D. Y= -2/3x - 2
C. Y= 2/3x - 2

Answers

It’s A because of the graph so it’s a

Answer:

Step-by-step explanation:

C) Y=2\3x-2

Determine the value of −14.1 × (-7.33)

Answers

Answer:

Multiply -14.1 by -7.33.103.353     ?

Step-by-step explanation:

Sorry I'm not very good at math hope this helps..

Five less than 3 times a number is 25. What is the number?

Answers

Answer:

[tex]x = 10[/tex]

Step-by-step explanation:

[tex]3x - 5 = 25[/tex]

[tex]3x = 30[/tex]

[tex]x = 10[/tex]

Answer:

10?

Step-by-step explanation:

I think this is the right answer

I hoped this helped :)

Find the area of this parallelogram.
9 cm
12 cm
1
21 cm

Answers

The area of the given parallelogram with a base of 12 cm and a height of 9 cm is 108 cm². The area is obtained by multiplying the base and height.

To find the area of a parallelogram, the formula that should be used is A = b × h, where b is the base and h is the height. Since a parallelogram has two pairs of parallel sides, either of the two parallel sides can be chosen as the base. The height is the perpendicular distance between the base and the opposite side.

In the given parallelogram, the base is 12 cm since it is one of the parallel sides. The height, on the other hand, is 9 cm since it is the perpendicular distance between the base and the opposite side. Therefore, the area of the parallelogram is: A = b × h = 12 cm × 9 cm = 108 cm²

Thus, the area of the parallelogram is 108 cm². It is important to note that the unit of the area is always squared since the area is calculated by multiplying two lengths together.

For more questions on parallelogram

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help!!!!!! what is 3/4 + 1/12?

Answers

Answer:

37/56

Step-by-step explanation:

A recipe uses 375 g of potatoes and 225 g of lentils.
Write the ratio of the mass of potatoes to the mass of lentils as simply as possible.
Ratio =

Answers

Answer:

5g Potato : 3g Lentils

or

5:3

Step-by-step explanation:

1. 375 : 225

2. Find greatest common factor then divide by it.

3. 75g : 45g

4. 5:3

5:3 g

Step-by-step explanation:

375 : 225 = 375/225 = 75/45 = 5/3 = 5:3 g

How do you solve this???

-3x = 12


Thanks!

Answers

Answer:

Divide each term by  

− 3  and simplify.

x  = - 4

Answer:

x = -4

Step-by-step explanation:

First you need to find the common factor, which in this problem is 3. Then you need to divide the equation by the common factor which makes it -x = 4. We then need to multiply the equation by -1 to make x positive which makes it x = -4.

Penelope's MP3 player has 20 megabytes of memory. She has already downloaded 11 megabytesShe will continue to download m more megabytes. Write and solve an inequality that shows all the values of m that Penelope can download to her MP3 player .

Answers

Answer:

9 MB

Step-by-step explanation:

20 - 11 = 9

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