A principal of $2,000 was invested in a savings account for 4 years. If the interest earned for the period was $240, what was the interest rate?

Answers

Answer 1
A= P(1+r%)ⁿ , where P = initial capital, r% = interest and n = number of years

After 4 years she earned $240 , so the new capital = $2240

2240 = 2000(1+r)⁴
2240/2000 = (1+r)⁴
1.12 = (1+r)⁴

ln(1.12) = ln(1+r)⁴
ln(1.12) = 4ln(1+r)

0.1133286 = 4ln(1+r)
0.02833 = ln(1+r)

(1+r%) = e⁰.⁰²⁸³³
r =  e⁰.⁰²⁸³³ - 1
r = 1.028737 - 1
r= 0.0287
or in % → r = 2.87%

Answer 2
Final answer:

To find the interest rate, you can use the formula R = I / (PT). In this case, the principal is $2000, the time is 4 years and the interest is $240, resulting in an interest rate of about 3%.

Explanation:

The subject of this question falls under Mathematics, specifically, financial mathematics, which deals with concepts like interest. The principle here is the initial amount of money that was deposited or borrowed. In this case, the principal is $2000. The time, in this scenario, is 4 years and the interest earned over this period is $240.

To answer the question, we'll use a formula for simple interest, expressed as I = PRT (where 'I' stands for the interest, 'P' is the principal, 'R' is the rate of interest and 'T' is the time in years). To calculate the interest rate, we rearrange the formula to R = I / (PT). Here, R would equal $240 / ($2000 x 4).

So, the interest rate (R) would be approximately 3%.

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Related Questions

For student spent $12 on school lunch at this rate find the amount 10 students would spend on the same school lunch?

Answers

12 / 4 = 3
3 * 10 = 30
i think $120 
because 12*10=120

Which expression is equivalent to 2^4 ⋅ 2^−7?

Answers

Final answer:

The expression 2^4 \u00b7 2^{-7} simplifies to 2^{-3}, which is the same as 1/2^3 or 1/8.

Explanation:

The expression 2^4 \u00b7 2^{-7} can be simplified using the properties of exponents, specifically the law that states when multiplying expressions with the same base, you add the exponents. Here, we are multiplying 2 raised to the power of 4 with 2 raised to the power of -7. Therefore, we add the exponents 4 and -7 together to get 2^{4-7} = 2^{-3}.

To simplify further, remember that a negative exponent indicates the reciprocal of the base raised to the positive of that exponent. Hence, 2^{-3} = 1/2^3 = 1/8. Therefore, 2^4 \u00b7 2^{-7} simplifies to 1/8.

A money box contains only 10-cent and 20-cent coins. There are 27 coins with a total value of $3.60. How many coins of each? No. of 10-cent coins = No. of 20-cent coins =

Answers

No of 20 cents bc that is bigger

Answer:

18, 20 cent and 36, 10 cent

Step-by-step explanation:

help me plzzz with part D ly

Answers

If she starts at the fourth level below the ground floor, and wants to get to the fourth floor above ground, then she'll need to take 8 flights of stairs

You can draw out a number line. Then count the number of steps needed to go from -4 to +4. Or you can subtract the two values and take the absolute value (effectively computing the distance from -4 to +4)

|-4-4| = |-8| = 8

Either way, the final answer is 8

How do you rewrite 4x24 using the distributive property

Answers

Hey! Hope that I can help.

To do this, we have to remove the multiplication sign and replace it with 2 parentheses on both sides of the number we're multiplying (24).

Answer: 4(24)

The expression 4 × 24 in distributive form will be 4 × ( 20 + 4 ) and the value of 96.

An expression 4x24 is given.

We have to write it using distributive property.

What is the distributive property of multiplication ?

The distributive property states that an expression which is given in form of A (B + C) can be solved as A × (B + C) = AB + AC.

As per the question ;

Expression is 4x24.

Let's rewrite it in form of distributive property ;

4 × 24

= 4 × ( 20 + 4 )

So ,

It is now in form A ( B + C ) , where ; A = 4 , B = 20 and C = 4

4 × ( 20 + 4 )

= 80 + 16

= 96

Thus , the expression 4 × 24 in distributive form will be 4 × ( 20 + 4 ) and the value of 96.

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2 1/2x − 3/4 ( 2x + 5 ) = 38

0.9(x+1.4)−2.3+0.1x=1.6

What is the value of x in both equations.

Answers

x = 41.75 for the 1st equation, x = 2.64 for the second equation. Let's solve the 1st equation. 2 1/2 x - 3/4(2x+5) = 38 Get rid of the fractions and make everything decimal 2.5x - 0.75(2x + 5) = 38 Distribute the 0.75 to get rid of the parenthesis. 2.5x - 1.5x - 3.75 = 38 Combine the x terms x - 3.75 = 38 Add 3.75 to both sides x = 41.75 So the value of X for the 1st equation is 41.75 Now let's solve the 2nd equation. 0.9(x + 1.4) â’ 2.3 + 0.1x = 1.6 Distribute the 0.9 to get rid of the parenthesis 0.9x + 1.26 - 2.3 + 0.1x = 1.6 Combine terms x -1.04 = 1.6 Add 1.04 to both sides x = 2.64 And the value of X for the 2nd equation is 2.64

The figure illustrates the apparatus for a tightrope walker. Two poles are set y = 50 feet apart, but the point of attachment P for the rope is yet to be determined. (a) Express the length L of the rope as a function of the distance x from P to the ground.

Answers

Since L is to the second pole, not x, we can't simply say that x^2+y^2=l^2 using the Pythagorean Theorem. We can, however, say that (x-2)^2+y^2=L^2 due to that we simply increase the original height by 2, decreasing x by 2. Plugging 50 as y in, we get (x-2)^2+50^2 =L^2. Square rooting both sides, we get L=sqrt((x-2)^2+50^) and therefore a function of x

Equation for the length L of the rope as a function of the distance x from P to the ground is,

⇒ L = √((x-2)²+50²)

Since L is to the second pole, not x, we can't simply say that;

⇒ x² + y²= L² using the Pythagorean Theorem.

Since, due to that we simply increase the original height by 2, decreasing x by 2.

We can, however, say that ;

⇒ (x-2)² + y² = L²

Plugging 50 as y in, we get ;

⇒ (x-2)² + 50² = L².

Square rooting both sides, we get;

⇒ L = √((x-2)²+50²)

Thus, Equation for the length L of the rope as a function of the distance x from P to the ground is,

⇒ L = √((x-2)²+50²)

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Simplify b^4c^3d^4/b^3d^3

Answers

[tex]\bf \left.\qquad \qquad \right.\textit{negative exponents}\\\\ a^{-{ n}} \implies \cfrac{1}{a^{ n}} \qquad \qquad \cfrac{1}{a^{ n}}\implies a^{-{ n}} \qquad \qquad a^{{{ n}}}\implies \cfrac{1}{a^{-{{ n}}}}\\\\ -------------------------------\\\\ \cfrac{b^4c^3d^4}{b^3d^3}\implies b^4c^3d^4b^{-3}d^{-3}\implies b^4b^{-3}c^3d^4d^{-3}\implies b^{4-3}c^3d^{4-3} \\\\\\ b^1c^3d^1\implies bc^3d[/tex]

12 people fit comfortably in a 4 feet by 6 feet area. Use this value to estimate the side of a crowd that is 15 feet deep on one side of the street along a 4 mile section of a parade route

Answers

4 x 6 = 24 square feet

24/12 = 2

 so 1 person for every 2 square feet

1 mile - 5280 feet

4 x 5280 = 21120

21120 x 15 = 316800 square feet

316800/2 = 158,400 people

McDonald's has about 210,000 managers and each makes on average 39,000 dollars per year. How much money does McDonald's spend on managers each year?

Answers

210,000
x39,000
-------------
8,190,000,000

McDonald spends $8,190,000,000 each year on its managers

hope this helps

When you subtract one negative integer from another,will your answer be greater than or less than the integer you started with.

Answers

It can be both because if you have -7 minus -4, it will be -11 because a negative plus a negative is always negative. If you have -6 plus 4, that will be -2 because if your negative number is greater than your positive number, it will still be a negative answer.
if you subtract a negative 5 and a negative 6, you get a bigger negative number that's -11, which in some ways, is a greater negative number.

But if you meant it to which would be bigger.. -11 ? 11

Would a -11 be bigger than a positive 11? not really.... a positive 11 is greater than -11

Any positive number is greater than a negative, so just by that it would be -11 < 11.

But yes, i guess it'd be greater? XD did this help out a little?

a pro-evolution advocate wants to estimate the percentage of people who favor teaching only evolution in schools. She conducts a nationwide survey of 1980 randomly selected adults 18 years and older. The interviewer asks the respondents, "Do you favor promoting science by teaching only evolution in schools?" Which type of bias is this?

Answers

The type of bias in the questionnaire is question wording bias or survey question bias, influenced by the way the question is phrased to imply evolution being synonymous with promoting science, potentially leading respondents to answer in line with what they perceive to be the socially desirable response.

The type of bias present in the questionnaire regarding teaching only evolution in schools is an example of question wording bias or survey question bias. When the interviewer asks respondents if they favor promoting science by teaching only evolution, the question implies that evolution is synonymous with science and that alternative perspectives are not scientific. This phrasing can lead respondents to answer in a manner that aligns with what they perceive as the socially desirable response, rather than their true beliefs, which can also be similar to the concept of social desirability bias.

Additionally, using the phrase promoting science might influence the respondents' answers because it frames the question in a way that one answer appears more 'pro-science' than the other, potentially leading to an inflated percentage of respondents in favor of teaching only evolution in schools. This kind of bias prevents the collection of accurate data regarding the population's true stance on the issue being surveyed.

The Changs updated their bedroom by purchasing a new lamp for $89.95 and a comforter set for $239.99. They paid 2007-03-04-00-00_files/i0120000.jpg% sales tax on their purchases. If the Changs paid $351.72 total, determine if they paid the correct amount. a. The Changs family paid $0.33 too much for their purchases. b. The Changs family paid $0.99 too much for their purchases. c. The Changs family paid $5.94 too much for their purchases. d. The Changs family paid the correct amount for their purchases

Answers

In order to determine the correct answer, we need to confirm it first by making the solution below:
Costs: $89.95 = New Lamp
            $239.99 = Comforter
            6 3/5% = Sales Tax (convert this to decimal and we get 6.6%)
            $351.72 = Total amount the Chang's paid
Let's get the total costs first which is $329.94
6.6% of 329.94 is $21.78
The total cost with the tax would be $351.72.
Therefore, the Chang's paid the correct amount. The correct answer would be option D. The Chang's family paid the correct amount for their purchases.

In this exercise we will use the knowledge of finance to calculate the total value of the purchase, we have:

Letter D

First, let's organize the information given in the statement as:

$89.95 = New Lamp $239.99 = Comforter 6.6% = Sales Tax $351.72 = Total amount the Chang's paid

Taking the percentage over the total amount, we find:

[tex]6.6\% \ of \ 329.94\ is\ \$21.78\\Total= \$351.72[/tex]

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What is .58 repeating as a fraction

Answers

0.58.. * 100     = 58.58.....
 0.58... * 1      = 00.58.....            Subtracting:-
 0.58... * 99   =  58


answer is  58/99

John had a roll containing 24 2/3 feet of wrapping paper. He wants to divide it into 11 pieces. First, though, he must cut off 5/6 foot because it was torn. How long will each piece be?

Answers

We are given a total size of 24 2/3 feet of wrapping paper. Convert this into fraction of denominator 6:

total paper = 24 2/3 = 74/3 = 148/6 feet

 

Subtract 5/6 foot:

remaining paper = 148/6 – 5/6 = 143/6 feet

 

Divide by 11:

each piece = (143/6) ft / 11 = 143/66  ft = 2.17 ft

Given

John had a roll containing of wrapping paper  

[tex]=24\tfrac{2}{3}[/tex]

First, he must cut off 5/6 foot because it was torn.

He wants to divide it into 11 pieces.

To proof

As given in question

John had a roll containing of wrapping paper

[tex]=24\tfrac{2}{3}[/tex]

[tex]=\frac{74}{3}[/tex]    ( solving the mixed fraction form)

 First, though, he must cut off 5/6 foot

than we get

[tex]= \frac{74}{3} - \frac{5}{6}[/tex]

Taking the L.C.M of 3 and 6 is 6

[tex]=\frac{148-5}{6}[/tex]

[tex]=\frac{143}{6}[/tex]

=23.83 feet (approx)

He wants to divide it into 11 piece

length of the each piece

[tex]=\frac{23.83}{11}[/tex]

length of the each pieces be 2.16 feet ( approx)

Hence proved




How would you write the name of a segment differently than the name of a line

Answers

 A line segment is represented (written) using letters for the start point and the end point, as in QR:  QR is the line segment connecting Q to R.  This is the most common case.


Expecially when we're not talking about points on a given line, a line can be refered to by any arbitrary name, such as "line f."
Final answer:

Segments and lines can be named using the letters that represent the points on them, such as AB or line AB.

Explanation:

In geometry, segments and lines are fundamental elements. A line is an infinite set of points extending in opposite directions, while a segment is a finite portion of a line with two distinct endpoints. These concepts are essential for understanding geometric shapes, angles, and spatial relationships in mathematics.

In mathematics, the name of a segment and the name of a line can be written differently by using the letters that represent the points on the segment or the line. For example, a segment between points A and B can be written as AB, while a line passing through points A and B can be written as line AB or simply AB. It is important to note that in both cases, the order of the points does not matter, as AB is the same as BA.

A homeowner plans to hang wallpaper on one wall of a bedroom that is 10 feet long

Answers

You didn't type rest of answer but here
Draw a diagram to illustrate the problem.
Let n = number of strips required.

Note that 10 feet = 10*12 = 120 inches.
Because each strip is 20 inches wide, therefore
20n = 120
n = 120/20 = 6

Answer: 6 strips

Two angry children 450 feet apart are headed straight towards each other—one at 15 feet per second and the other at 6 feet per second. Their mother responds to the crisis by sprinting back and forth between the children, hoping to calm them before they reach each other. Unfortunately, when she reaches each child, she is immediately rejected and rushes back to the other child. If the mother miraculously maintains a constant speed of 20 feet per second the entire time—while racing back and forth between the children—how far will she have run when all three of them collide? She will have run __________ feet. (Round to the nearest foot.)

Answers

If the amount of time is x seconds, then 15*x is the amount ran by one child and 6*x is the amount ran for the other child due to that they add 15 or 6 feet for each second. In addition, since they are 450 feet apart, 15x+6x=450=21x. Dividing both sides by 21, we get x=around 21.4 seconds. Since the mother is always between them, when those two meet is when the three meet. Therefore, she runs 20* around 21.4= around 428.57 feet

c=2[tex]c=2(pi) r;r[/tex]

Answers

[tex]\bf A=\cfrac{1}{2}bh\implies A=\cfrac{bh}{2}\implies 2A=bh\implies \cfrac{2A}{b}=h[/tex]

Two mechanics worked on a car. The first mechanic worked for 10 hours, and the second mechanic worked for 15 hours. Together they charged a total of $2075 . What was the rate charged per hour by each mechanic if the sum of the two rates was $160 per hour?

Answers

If the first mechanic charged x dollars per hour and the second charged y dollars per hour, we have x+y=160 and 10x+15y=2075 due to that we add x or y for every hour spent.

x+y=160
10x+15y=2075
Multiplying the first equation by -10 and adding it to the second, we get 5y=2075-1600=475. Dividing both sides by 5, we get y=95. For the first mechanic, we can plug 95 for y into the first equation to get x+95=160. Next, we can subtract 95 from both sides to get x=65

the probability of an engine's failing during a 30 day acceptance test is 0.3 under adverse environmental conditions. Eight engines are included in such a test. What is the probability of the following?

a) None will fail

b)All will fail

Answers

This is an example of binomial probability (pass/fail), with n=8 and p(failure)=0.3.

The probability that none will fail is binompdf(8,0.3,0) = 0.0576.
The prob. that all will fail is found by subtracting this result from 1.0000, and is 1.0000-0.0576=0.9424.  "All" is the "complement" of "None."

I used my TI-83 Plus calculator's probability distribution functions to calculate the probability that none will fail.

what is -2/3 - (1 1/3)

Answers

-2/3 - (1  1/3)

-2/3 - ( 4/3)

-6/3

hope this helps

Jeff prepares meals in the home of his customers. His fixed cost for transportation and supplies is $14.50. The labor and groceries needed for each family meal is $8.80, so the expense function is E=5.7q +8.8
True or false?

Answers

The formula for expense is given as:

E = V q + F

where, E = expense, V = variable cost, F = fixed cost

Therefore the equation should be:

E = 8.8 q + 14.50

 

So the answer is “False”

If decking cost $5.75 per square feet, how much would it cost to build a deck that is 22 feet by 18.5 feet

Answers

Sent a picture of the solution to the problem (s).

It would cost $2338.75 to build a deck that is 22 feet by 18.5 feet at a rate of $5.75 per square foot.

To calculate the cost of building a deck, we need to find the total area of the deck and then multiply it by the cost per square foot.

The area of a rectangle (deck) is given by the formula:

Area = length * width

Given that the deck has a length of 22 feet and a width of 18.5 feet, we can calculate the total area:

Area = 22 feet * 18.5 feet

Area = 407 square feet

Now, to find the total cost of building the deck, we multiply the area by the cost per square foot:

Total cost = Area * Cost per square foot

Total cost = 407 square feet * $5.75/square foot

Total cost = $2338.75

So, it would cost $2338.75 to build a deck that is 22 feet by 18.5 feet at a rate of $5.75 per square foot.

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inverse of y=5x^2+10

Answers

to get the inverse of any expression, start off by doing a switcharoo on the variables.

[tex]\bf y=5x^2+10\qquad inverse\implies \boxed{x}=5\boxed{y}^2+10 \\\\\\ x-10=5y^2\implies \cfrac{x-10}{5}=y^2\implies \sqrt{\cfrac{x-10}{5}}=y\impliedby f^{-1}(x)[/tex]

The inverse of y = 5 x² + 10 is , y = √ ( ( x / 5 ) - 2 )

What is an Inverse Function?

An inverse function is a function that undoes the action of the another function. To find the inverse of a function, write the function y as a function of x i.e. y = f(x) and then solve for x as a function of y.

                                                   f⁻¹ ( x ) = y

Given data ,

y = 5 x² + 10

Now interchange the variable x and y , we get

x = 5 y² + 10

Subtract 10 from both sides , we get

x - 10 = 5 y²

Divide by 5 on both sides ,

( x / 5 ) - 2 = y²

Therefore , y = √ ( ( x / 5 ) - 2 )

Hence , the inverse f⁻¹ ( x ) = y = √ ( ( x / 5 ) - 2 )

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om class we learned that in 2010 the federal debt (in millions) was $13,561,623 and the population of the U.S. was 309 million. Use this information to compute the federal debt per capita in 2010.

Answers

$13,561,623/ 309 

So the debt per capita = $43,889

Answer:

$43888.75

Step-by-step explanation:

We have been given that in 2010 the federal debt (in millions) was $13,561,623 and the population of the U.S. was 309 million.

[tex]\text{The federal debt per capita}=\frac{\text{Total debt}}{\text{Total population}}[/tex]

[tex]\text{The federal debt per capita}=\frac{\$13,561,623}{309}[/tex]

[tex]\text{The federal debt per capita}=\$43888.74757[/tex]

[tex]\text{The federal debt per capita}\approx \$43888.75[/tex]

Therefore, the federal debt per capita in 2010 was $43888.75.

A baker uses 3/4 cup of honey in one of his cakes. There are 60 calories in 1/8 cup of honey. How many cups of honey will the baker use for 15 cakes.

Answers

The answer is 11 1/4 cups.



I hope this helps.
One part of the question doesn't matter, which is "There are 60 calories in 1/8 cup of honey" because he is asking how much cups of honey will be used in 15 cakes.
If 1 cake uses 3/4 cups of honey, we should multiply 3/4 by 15, in order to get 11 1/4 (Which is 45/4 as a fraction, or 11.25 as a decimal.0

I hope this helps! :>

If Dave drives at a steady speed of 50 mph, how long will it take him to drive 10 miles?

Answers

50 miles = 1 hour
10 miles = 1/50 x 10
= 1/5 hours
= 12 minutes

It will take him 12 minutes to drive 10 miles.

What is the value of four in the number 3,492 and 704

Answers

The value of 4 in 3,492 is 400...The value of 4 in 704 is 4 ones...
It's in the 100 place so the value of the 4 in 3,492 is 100 times the value of 4 in 704 . This is because 4 in 704 is for the ones place value and 4 in 3,492  is for the hundreds place value

Brad Hamilton's annual salary as an accounting clerk is $32,500. What is his weekly salary?

Answers

$32,500 / 52 = $625

answer
weekly =$625

Brad Hamilton's weekly salary as an accounting clerk is $625.

What is an expression?

An expression is a number, or a variable, or a combination of numbers and variables and operation symbols.

Now it is given that,

Brad Hamilton's annual salary as an accounting clerk is $32,500

So number of weeks in an year = 52

So, Brad Hamilton's weekly salary as an accounting clerk

                                  = Brad Hamilton's annual salary / number of weeks

⇒ Brad Hamilton's weekly salary = $32,500/52

⇒ Brad Hamilton's weekly salary = $625

Thus, Brad Hamilton's weekly salary as an accounting clerk is $625.

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