Hilaria borrowed $8,000 from her grandfather to pay for college. Five years later, she paid him back the $8,000, plus $1,600 interest. What was the rate of interest (as a percent)? Solve using the simple interest formula.

Question

22-11-2021
Mathematics

contestada

Hilaria borrowed $8,000 from her grandfather to pay for college. Five years later, she paid him back the $8,000, plus $1,600 interest. What was the rate of interest (as a percent)? Solve using the simple interest formula.

Respuesta :

Otras preguntas

Which of the following is a true statement? a. Cellular respiration occurs only in plant cells. b. Cellular respiration occurs only in animal cells. c. Cellu

what is the definition of dynamics in physics

How do electrons populate atoms?

what two numbers multiply to -11 and add to 18

one effect of rapid urbanization in mexico is

Glynnis has been involved in her college's theater department for several years. When she first gets a script she practices alone, repeating lines until they so

What economic system allows individuals to create and run their own businesses A. Socialism B. Capitalism C.Communism D.Monopoly

This is an example of a piece of Islamic portable art. Which of the following is not true of this banner? a. It is composed of silk and gold fibers. b. Images

I need a good topic sentence about China. i will be talking about their government, clothing, language and fashion. Thanks.

Which sentence below shows correct use of an em dash? We’re hosting a party – you are invited, of course – later this month. We’re hosting a party you are invit

jdoe0001 jdoe0001 · Answer 1 · 2021-11-22T23:28:02+01:00

[tex]~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\dotfill&\$1600\\ P=\textit{original amount deposited}\dotfill & \$8000\\ r=rate\to r\%\to \frac{r}{100}\\ t=years\dotfill &5 \end{cases} \\\\\\ 1600=(8000)\left( \frac{r}{100} \right)(5)\implies \cfrac{1600}{(8000)(5)}=\cfrac{r}{100} \\\\\\ \cfrac{1}{25}=\cfrac{r}{100}\implies \cfrac{100}{25}=r\implies \boxed{\stackrel{\%}{4}=r}[/tex]