The total simple interest owed on a loan of $8,000 after 60 months is $1,280.
What is the yearly interest rate on the loan? Show your work.

Answers

Answer 1

Simple interest is an interest added on an amount of money. The yearly interest rate is 1.05%

Simple interest

Simple interest is an interest added on an amount of money. The formula for calculating amount is given as:

Amount. = Principal + Interest

8000 = 1280 + PRT

Substitute

8000 - 1280 = 1280(R)(5)
6720 = 6400R
R = 1.05

Hence the yearly interest rate is 1.05%

Learn more on interest rate here: https://brainly.com/question/25720319

#SPJ1


Related Questions

The scatterplot shows the relationship between the percentage of battery life remaining in 12 smoke detectors and the number of months that the batteries have been in the smoke detectors.
Based on the scatterplot, what is the best prediction of the number of months it would take for the battery in a smoke detector to have 20 percent battery life remaining?
A-9 months
B-7 months
C-11 months
D-6 months

Answers

6 months would be the expected length

a line is parallel to y=3x-2 and intersects the point (3,5)

Answers

It says parallel so the gradient will be the same

The equation of the line that is parallel to y = 3x - 2 and intersects the point (3, 5) will be y = 3x - 4.

What is the equation of a parallel line?

Let the equation of the line be ax + by + c = 0. Then the equation of the parallel line that is parallel to the line ax + by + c = 0 is given as ax + by + d = 0.

The linear equation is given below.

y = 3x - 2

The equation of the line that is parallel to the line y = 3x - 2 will be given as,

y = 3x + c

The equation passes through (3, 5), then we have

5 = 3(3) + c

5 = 9 + c

c = - 4

Then the equation of the line will be y = 3x - 4.

More about the equation of a parallel line link is given below.

https://brainly.com/question/402319

#SPJ2

can u plz help me ok i need help

Answers

Answer:

the answer is 47 sprinklers

Step-by-step explanation:

so the system is 188 and there is one sprinkler every 4 feet

so 188/4 which would give u 47

The answer is the first one, 47 sprinklers.

help please , i need it asap ! ty

Answers

Answer:

7.5

Step-by-step explanation:

Answer:

Step-by-step explanation:

If the one side = 3 and the other side (4.5) is supposed to be the same all it is is 4.5/3 which is 1.5. 1.5 times 5 ( the bottom side) is 7.5! X=7.5

Jazzmine took out a loan of $17,500 to buy a new car. She received a 3.5% interest rate compounded annually and paid $3,274.50 in interest. How long did it take Jazzmine to pay off the loan?

Answers

Answer:

Time period = 5 year (Approx.)

Step-by-step explanation:

Given:

Amount of loan = $17,500

Rate of interest = 3.5% compounded annually

Amount paid as interest = $3,247.5

Find:

Time period

Computation:

Using compounded interest formula

I = P[(1+r)ⁿ - 1]

3,247.50 = 17,500[(1+3.5%)ⁿ - 1]

3,247.50 = 17,500[(1+0.035)ⁿ - 1]

3,247.50 = 17,500[(1.035)ⁿ - 1]

Time period = 4.948

Time period = 5 year (Approx.)

What is the answer to 3/4= 6

Answers

Answer:

False

Step-by-step explanation:

Which equation matches the table?

Answers

Answer:

Wait that makes no since but i would say 4 input and 28 input

Step-by-step explanation:

y = 4x + 8 when x = 3y

Answers

Answer:

-8/11

Step-by-step explanation:

what are you trying to isolate

Work out
m
and
c
for the line:
y
=
11
x

Answers

Answer: m=11

Step-by-step explanation:

Express the tangent of angle U as a ratio of the given side lengths.

Answers

Answer:

Option c ==> 5/12 is the answer

The lengths of the legs of a right triangle are 8 inches and 9inchrs. What is the length of the hypotenuse round to the nearest inch

Answers

Answer: Hypotenuse is 12 inches

Step-by-step explanation: a^2+b^2=c^2

c^2=8^2+9^2

c^2=64+81

c^2=145

c=square root of 145

c=12.04

Simplify. Consider all cases: /(x-4)+7/

Answers

Answer:

the correct answer is x+3

whats the circumference?

Answers

Answer:

40.82

Step-by-step explanation:

3.14 times 13

PLEASE I NEED THIS NOW, AND EXPLICATION

Answers

Answer:49.5

Step-by-step explanation:so if 1 inch equal to 3 yards then 7.5 will be 21.5  and 6 inchs will be 18 so if you all together you will get 49.5

Answer:

36

Step-by-step explanation The answer would be  36 because A=a2=62=36 and the math added to 36 hope this helped.

35
What number is not part of the solution set to the inequality below?
w – 10 < 16
А
11
B
15
C
26
D
27

Answers

Answer C

steps

deduct 10 from 26

26-10 which will give us 16

What is the value of g(0)
a. 1
b. 0
c. 8
d. 4

Answers

Answer:

c. 8

Step-by-step explanation:

1)  [tex]g(x)=8(\frac{1}{2} )^{x}[/tex]

2)  [tex]g(0)=8(\frac{1}{2} )^{0}[/tex]

3)  [tex]g(0)=8*1[/tex]

4)  [tex]g(0)=8[/tex]

GIVING OUT BRAINLIEST ANSWER !! PLS HELP ME OUT !! (last minute)

Answers

Answer:

iḿ pretty sure it´s A, 29.7 !!

Step-by-step explanation:

When can you write ratios as a fraction?

Answers

Answer:

In a mathequation when needed

Step-by-step explanation:

4x^2+19x+19=0 to the nearest tenth

Answers

Answer:

the answer is

Step-by-step explanation:

What is the surface area of a right circular cylindrical oil can, if the radius of its base is 4 inches and its height is 11 inches? for 25 points

Answers

Step-by-step explanation:

Given

Radius (r) = 4 inches

height (h) = 11 inches

Total surface area of cylindrical oil can is

= 2πr ( r + h)

= 2 * 22 / 7 * 4 ( 4 + 11)

= 2 * 22/7 * 4 * 15

= 377.14 inches ²

If the radius of a right circular cylindrical oil can base is 4 inches and its height is 11 inches, then the surface area of that right circular cylindrical oil can is 376.99 square inches.

What is the surface area of a right circular cylindrical figure?

Let b and h be the radius of the base and height of a right circular cylindrical figure respectively. Then the surface area of this right circular cylindrical figure is 2πb(b + h).

How to solve this problem?

Given that the radius of the base of the can is 4 inches.

The height of the can is 11 inches.

Then the surface area of the can = 2π * 4(4 + 11) = 8π(15) = 120π = 376.99 square inches

Therefore, If the radius of a right circular cylindrical oil can base is 4 inches and its height is 11 inches, then the surface area of that right circular cylindrical oil can is 376.99 square inches.

Learn more about the surface area here -

https://brainly.com/question/22243438

#SPJ2

Aquarium is a square prism. What is the height of the aquarium if it has a volume of three cubic units and a width of 3 feet?

Answers

Answer:

1

Step-by-step explanation:

x*3=3

x=1

4. Calculate the compound interest earned when $8 500 at 8% per year for:
a. 3 years
b. 8 months

Answers

i’m going to say a.3 years something is telling me it’s tht

Determine the measure of the missing angle in the figure below.
DRAG & DROP THE ANSWER
90
45
75
Missing angle:

Answers

Answer:

Step-by-step explanation:

7. Find the area 12 in 11.5 in 12 in​

Answers

69 is the answer !!!!!!

To get ready for school, Traci spent 1/20th
of an hour getting dressed and 1/10th of an
hour doing her hair. What is the total
amount of time she spent getting ready?
Give your answer in simplest form.

Answers

Answer:

3/5

Step-by-step explanation:

1/10+1/20=3/5

Which is the correct mapping statement for a rotation 180∘ about the origin?

(x,y)↦(y,x)
(x,y)↦(−x,−y)
(x,y)↦(−y,x)
(x,y)↦(y,−x)

Answers

Answer:

B

Step-by-step explanation:

it moved twice to the left hand side because it's 180 anticlockwise

Answer:(x,y)↦(−x,−y)

Step-by-step explanation:

5
Which of the following is the result of expanding 22"-2,
n=1
O 8.5
O 15.5
O 32
60

Answers

Answer:

[tex]\sum\limits^5_{n=1} {2^{n-2}} = 15.5[/tex]

Step-by-step explanation:

Given

[tex]\sum\limits^5_{n=1} {2^{n-2}[/tex]

Required

The result

To do this, we simply substitute 1 to 5 for n.

So, we have:

[tex]\sum\limits^5_{n=1} {2^{n-2}} = 2^{1-2} + 2^{2-2} + 2^{3-2} + 2^{4-2} + 2^{5-2}[/tex]

[tex]\sum\limits^5_{n=1} {2^{n-2}} = 2^{-1} + 2^{0} + 2^{1} + 2^{2} + 2^{3}[/tex]

Evaluate each exponent

[tex]\sum\limits^5_{n=1} {2^{n-2}} = 0.5 + 1 + 2 + 4 +8[/tex]

[tex]\sum\limits^5_{n=1} {2^{n-2}} = 15.5[/tex]

Answer:

Answer is B edg2021

soknasoiegspeoigapoiegaoig

A dot plot displays data ______
using a small dot for each data piece.

A : Vertically

B: Graphically

C: Proportionally

Answers

A is the correct answer

How many zeros are in the product 4 x 10 7th power

Answers

Answer:

7 or 40,000,000

Step-by-step explanation:

The exponent (^7) is how many zeros for the 10. if there is 10^2 its just 100 because it's 10 * 10 or 100 (notice the zeros in the 10 * 10 equation? yup, there's 2) and the 4 is basically 4 * 10, it changes the 10 like 4*1 but with a lot of zeros if there were exponents (10^2) so just put them together and you get 4 * 10^7

10^7 (its just 10 times itself 7 times) = 10,000,000

4 * 10,000,000 = 40,000,000

Hope this helps

~R3V0

SOMEONE HELP PLEASE! i’m stuck!! HELP IF YOU WANT THE BRAINIEST!!


Tameka wants to build a circular go-cart track in her backyard.
a. If she wants the track to have a circumference of 150 feet, what does the radius of the track need to be?
b. If she wants the track to have a circumference of 200 feet, what does the radius of the track need to be?
c. If she wants the track to have a circumference of 400 feet, what does the diameter of the track need to be?

Answers

i recommended reporting the skitlett person typing rn they r using quetions for points and putting links to open
Other Questions
help me BRAINLIEST i dont know Select the correct answer. Ashland Middle School is having a problem with violence during school, especially bullying. What type of violence reduction program is likely to be the most effective in addressing this situation? A. involving the police and prosecuting all those accused of bullying B. a community-based violence reduction plan to coordinate services such as counseling, family violence reduction programs, mentoring, and a zero tolerance bullying policy C. teaching children how to cope with bullying and providing increased counseling services D. providing a school lecture on bullying Data set: 47, 45, 44, 41, 481. Find the mean.Mean = 47 + 45 + 44 + 41 + 485 = 2255 = 452. Find each absolute deviation.Absolute deviations: 2, 0, 1, 4, 3What is the mean absolute deviation (MAD) for the data set? help please! need it asap I need 9 examples of Egg-Retaining Animals. a balloon rubbed against denim gains a charge of -8.0 x 10^-6 c. What is the electric force between the balloon and the denim, which now has a charge of +8.0 10^-6 C, when the two are separated by a distance of 0.05 m? PLEASE HELP ME WITH THIS I NEED IT DONE I'LL GIVE BRAINLIEST!!!!!! PLEASE DONT SEND ME FILES OR LINKS. NO INCORRECT ANSWERS!! PLEASE HELP, THIS IS MY LAST ATTEMPT!! You plan to invest $350 in a growth fund that has a rate of 1.5% compounded quarterly.How much money will this investment be worth after 50 years?Round your answer to the nearest cent, and enter it with a dollar sign, like this: $42.53 In the image below, in which location is carbon released into the atmosphere?ABCD Given the reaction: HNO2 (aq) H+ (aq) + NO2- (aq); write the ionization constant for the reaction. Read the second line of the story:They were trying, again, to rig up their garbage containers to prevent the neighborhood black bears from making a mess.What is the main function of this text in the narrative? An object has a mass of 50 kg on Earth. What would be the mass of that object in the Moon Find the volume of this squarebased pyramid.5ft6 fi The probability of landing on blue when spinning a spinner is 4/5. Choose the likelihood that best describe the probability of this eventA) unlikelyB) likelyC) certainD) neither likely or unlikely Which of the following is an example of good sports etiquette? complete the sentences in affirmative i____(watch) cartoonsA watchesB watchC watchs Which expression is equivalent to 4(5x 9) + 6(2x + 5)?A.8x 4B.8x + 66C.32x 4D.32x + 66 Name the 4 bases found in DNA. What theme is best supported by the story the bachelor tells in "The Storyteller? Which does NOT define a situation as a crisis?a.The situation creates a hardship.b.You don't have the resources needed to deal with the situation.c.You feel overwhelmed or helpless to handle the situation.d.The situation is annoying because it causes you to not have something that you want.