zxzreaperzx zxzreaperzx

24-02-2021
Mathematics

contestada

Find the interest rate. You are borrowing $1,310 for 10 years and you are penalized $655 in interest.

Pls Help

Respuesta :

nishamystica nishamystica

24-02-2021

Answer:

5%

Step-by-step explanation:

I (simple interest) = $655

P (principle) = $1,310

R (interest rate) = ?

T (time) = 10

I = PRT

655=(1,310)r(10)

655 = 13,000•r

13,100 13,100

r • 0.05

0.05 converted to percent is 5%

Answer Link

Otras preguntas

Please Help Me Fast!! Which of the following numbers is a perfect square? 484 485 489 490

Mya applied the distributive property to write the equivalent expressions below. 45 + 72 = 9(5 + 9) What is Mya’s error? Mya did not write the common factor in

What type of triangle is formed by joining the points D(7, 3), E(8, 1), and F(4, -1)?

Solve on the interval [0,2pi) 2sin^2x-3sinx+1=0

HEEEEEELLLLLLLPPPPPP MMMMMMMMMMEEEEEEEEE Two lines, A and B, are represented by equations given below: Line A: y = x − 2 Line B: y = 3x + 4 Which of the followi

What type of triangle is formed by joining the points D(7, 3), E(8, 1), and F(4, -1)?

The use of submarines during World War I had which of these effects? It gave an advantage to the coastal nations. It made naval battles the key battles of the w

What is the remainder when (x3 − 7x2 − 18x + 42) is divided by (x + 3)?

which of the following equals 6,000,000 in scientific notation/

in one eighth of an hour ,ms.wolf can grade one third of a stack of papers how many hours will it take her to grade 2 stacks