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Otrada [13]
2 years ago
8

April took out a $600 loan from the bank.At the end of 5 years, she pays back the principle,plus $60 simple interest.What was th

e annual interest rate?​
Mathematics
1 answer:
Vedmedyk [2.9K]2 years ago
3 0

Answer:

April took out a loan of $600 and paid it back with simple interest of $60 after 5 years. The formula to calculate interest is  given the principal  and the time   and the interest rate  is . For this problem we have to find the interest rate   given  . To archive that , we can just solve the equation making the interest rate the subject of the formula as shown below,

I= Prt

=> r= I/Pt

=> r= 60/600x5 = 1/50

The interest rate is 1/50 or 0.02 as a decimal. The interest rate is 2% as a percentage.

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Budget planners in two towns, Alphaville and Betaville, developed models to determine the budget surplus (in dollars) for a year
kramer

Answer:

(a)-3x^2+150x-10000

(b)-\$16,863,760,000

Step-by-step explanation:

Alphaville's Budget Surplus Model is -2x^2+ 500x

Betaville's Budget Surplus Model is x^2- 100x + 10000.

We want to determine the expression that shows how much greater Alphaville’s annual budget surplus is than Betaville’s for a particular amount of tax revenue.

  • To do this, we subtract Betaville's Model from Alphaville's model.

-2x^2+ 500x-(x^2- 100x + 10000)\\

Opening the brackets

-2x^2+ 500x-x^2+100x - 10000\\

Collect like terms and simplify

-2x^2-x^2+100x + 500x- 10000\\=-3x^2+150x-10000

The expression that shows how much greater Alphaville's Budget is:

-3x^2+150x-10000

(b) If the tax revenue that year in each town is $75,000

We want to evaluate the expression derived above when the tax revenue that year in each town is $75,000 i.e.at x=75000

-3x^2+150x-10000\\=-3(75000)^2+150(75000)-10000\\=-\$16,863,760,000

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2 years ago
To find the distance between (-2,-3) and (4,1), Peggy's teacher drew a diagram and marked blue lines to represent the legs of a
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Thtas what you must mean. 
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11) Which situation can be represented by 17.35x &gt; 624.60?
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Answer:

  J Darren earns $17.35 per hour at his job. How many hours does he need to work in order to earn more than $624.60?

Step-by-step explanation:

You're looking for a situation in which the number 17.35 needs to be multiplied by an unknown quantity.

Scenarios F and G involve addition of 17.35 to something.

Scenario H would correspond to the inequality ...

  17.65x < 624.60

The sign of the given inequality is >, so scenario H is not the one.

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2 years ago
A quality control engineer tests the quality of produced computers. suppose that 5% of computers have defects, and defects occur
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(a) 0.059582148 probability of exactly 3 defective out of 20

 (b) 0.98598125 probability that at least 5 need to be tested to find 2 defective.

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 = 0.05^3 * 0.95^17 * 20! / (3!17!)

 = 0.05^3 * 0.95^17 * 20*19*18*17! / (3!17!)

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