What is the interest you will pay if you borrowed $550 at 8% interest for 3 years?

Answers

Answer 1

Answer:

132

Step-by-step explanation:

it is

Answer 2

Simple interest is the interest calculated on the principal at a given rate for a time period.

The formula for simple interest is given as,

SI = (P x R x T) / 100

P = Principal

R = rate

T = time in years

The interest that will be paid after 3 years with 8% interest is $132.

What is simple interest?

It is the interest calculated on the principal at a given rate for a time period.

The formula for simple interest is given as,

SI = (P x R x T) / 100

P = Principal

R = rate

T = time in years

We have,

P = $550

R = 8%

T = 3 years

SI = (P x R x T) / 100

SI = (550 x 8 x 3) / 100

SI = $132

Thus,

The interest that will be paid after 3 years with 8% interest is $132.

Learn more about simple interests here:

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Related Questions

The Johnson's went to dinner at the local family restaurant. The family meal totaled $45.29. The family left the waitress a standard 15% tip for good service. How much was the tip? Round the answer to the nearest cent. $6.79 ***In the previous problem, if Mr. Johnson just had dollars and quarters to leave for a tip, how many dollars and how many quarters should he leave as a tip?

Answers

Given :

The Johnson's went to dinner at the local family restaurant. The family meal totaled $45.29. The family left the waitress a standard 15% tip for good service.

To Find :

How much was the tip?

If Mr. Johnson just had dollars and quarters to leave for a tip, how many dollars and how many quarters should he leave as a tip?

Solution :

Amount of tip, A = $(45.29×0.15)

A = $6.79.

Number of dollar required is 6.

Number of quarter required is 3.

Hence, this is the required solution.

Gino and Milla each open a savings account with an initial deposit of $6,300. Gino's account pays 2% simple interest annually. Milla's account pays 3% simple interest annually. If Gino and Milla make no other deposits or withdrawals, how much more interest will Milla's account earn than Gino's after 1 year?

Answers

Answer:

Milla's account would earn $63 more that Gino's account after 1 year.

Step-by-step explanation:

Both Gino and Milla made an initial deposit of $6300.

Principal = $6300

Gino's rate = 2% = 0.02

Milla's rate = 3% = 0.03

number of years = 1

Interest = Principal x Rate x Time

So that,

for Gino;

Interest = 6300 x 0.02 x 1

            = 126

The interest on Gino's savings after a year is $126.

for Milla;

Interest = 6300 x 0.03 x 1

             = 189

The interest on Milla's savings after a year is $189.

Milla's interest - Gino's interest = 189 - 126

                                                   = 63

Milla's account would earn $63 more that Gino's account after 1 year.

who wants to help me I need someone. who has a model test can text
me the tests by taking a picture and I will send my phone number please help me I will help u too​ please helpppppppppppppppppp​

Answers

Answer:

fake

Step-by-step explanation:

Answer:

I can help give me your number

Step-by-step explanation:

Jordan went shopping last weekend and bought a pair of shoes. The shoes were originally priced at $124.00, but are now on sale for 30% off the regular price. The sales tax is 7%.

What is the sales tax?

Answers

Answer:

8.68

Step-by-step explanation:

just multiply 124.00 times 0.07 and that's it

Please help me with this I’ll give you brainliest points and likes

Answers

Answer:

help with what

Step-by-step explanation:

The expression below represents Brianna’s age in
terms of m, Molly’s age.
3m − 5
Which of the following statements must be true?
A Brianna’s age is 3 less than 5 times Molly’s
age.
B Brianna’s age is 5 less than 3 times Molly’s
age.
C Molly’s age is 3 less than 5 times Brianna’s
age.
D Molly’s age is 5 less than 3 times Brianna’s
age.

Answers

Answer: B. Brianna’s age is 5 less than 3 times Molly age.

Step-by-step explanation:

We are informed that the expression below represents Brianna’s age in

terms of m, Molly’s age.

3m − 5.

This shows that 3m simply means that 3 times of Molly's age while the -5 represent less than 5. This will now be:

Brianna’s age is 5 less than 3 times Molly age.

The ratio of plastic bags to paper bags in a grocery store was 5/7. There were 276 bags. How many were plastic bags?

Answers

Answer: 115 bags

Step-by-step explanation: 115/161 eqauls 5/7

help lol I'm so unsmart​

Answers

Answer:

0.5

Step-by-step explanation:

5/3 divided by 10/3=5/3*3/10

=1/2=0.5

it should be 0.5 maybe try that lol

IM RUNNING OUT OF TIME AND I ONLY HAVE A FEW MINUTES LEFT PLEASE HELP ME!!! IM GIVING 15 POINTS

Answers

Answer:

what is l and multiply l by 4 my guy

Step-by-step explanation:

Answer:

x = 25

<HKL  = 102

Step-by-step explanation:

<LKH + <HKJ = 180 since the two angles form a straight line

<LKH + <HKJ = 180

4x+2 + 78 = 180

Combine like terms

4x+80 =180

Subtract 80 from each side

4x+80-80=180-80

4x= 100

Divide by 4

4x/4 = 100/4

x = 25

<LKH  = 4x+2 = 4*25 +2 = 100+2 = 102

Which division problem does the model show? 3 fraction bars. The bars are labeled 1 and each has 3 boxes underneath labeled one-third. 3 divided by one-third = 9 3 divided by two-thirds = 9 9 divided by one-third = 3 9 divided by two-thirds = 3

Answers

Complete Question

Which division problem does the model show? 3 fraction bars. The bars are labeled 1 and each has 3 boxes underneath labeled one-third.

a) 3 divided by one-third = 9

b)3 divided by two-thirds = 9

c) 9 divided by one-third = 3

d) 9 divided by two-thirds = 3

Answer:

a) 3 divided by one-third = 9

Step-by-step explanation:

We are told in the question that:

3 fraction bars. The bars are labeled 1 and each has 3 boxes underneath labeled one-third.

The division problem does the model shows from the description above is calculated as:

3 fraction bars ÷ 1/3

= 3 ÷ 1/3

= 3 × 3

= 9

Hence:

Option a) 3 divided by one-third = 9 is the correct option.

Answer:

3rd one is correct

Step-by-step explanation:

Can anyone help me I’m struggling with this I would appreciate

Answers

I THINK 4x + 10y = -20 is the answer, bec there is no way u can answers that .

pls help i need to get a good grade on this final so I can get my pc Best awnser gets brainliest

Answers

Answer:

d

Step-by-step explanation:

hope this helps

A hockey player has a total record of 90 points earned based on goals and assists. If his ratio of goals to assists is 7:3, how many goals did he get?

Answers

Answer:

[tex]63[/tex] goals

Step-by-step explanation:

Given information:

Total points earned from goals and assists = [tex]90[/tex]

Goals : assists = [tex]7:3[/tex]

Finding the number of goals:

Goals  [tex]=\frac{7}{3+7}\times90[/tex]

[tex]=\frac{7}{10}\times90[/tex]

[tex]=63[/tex]

∴ The hockey player earned [tex]63[/tex] goals.

Hope this helps :)

The answer: 63 goals

Reason: because it is

The graph for the equation y = 2 x minus 2 is shown below. On a coordinate plane, a line goes through points (0, negative 2) and (1, 0). If another equation is graphed so that the system has one solution, which equation could that be? y = 2 (x + 1) y = 2 (x minus 1) y = 2 (x minus 2) y = negative 2 (x + 1)
THIS IS TIMED

Answers

Answer:

i think it is b correct me if i am rong

Step-by-step explanation:

The correct equation for the solution to be one will be y = 2(x -1) hence, the correct option is (B).

What is a graph?

The link between lines and points is described by a graph, which is a diagrammatic representation of a network. A graph is made up of some points and the distance between two. It doesn't matter how much time the lines are or where the points are located. A node is a name for each constituent in a graph.

For example to draw the equation y = 2x +9 this will draw a straight line in the coordinate geometry.

Given that an equation y = 2x - 2 now another equation draw which should intersect with the line y = 2x - 2 at a single point only so that the system has only one solution.

so the y = 2x - 2 should be matched with any one option.

By cross-checking the option it will be (B) with equation y = 2(x -1).

For more details about the graph

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f(x) = (1/6)^x for x =3

Answers

Answer:

1/216 is the answer hope it's right

what do yall want for christmas​

Answers

Answer:

A week of laying in bed eating hot cheetos and watch anime

Step-by-step explanation:

I need help plz I can't seem to solve this ​

Answers

I would be 1
Because
1 1/3= 4/3
So that leaves you with 4/3 * 3*1/4 which you reduce it so
1/3*3=1*1=1

can i have help plz i rally need it

Answers

The answer is D. 4:3

please does anyone know the correct answer choice!?!?

Answers

Answer:

I believe the answer would be b

Step-by-step explanation:

Solve equation 1 for the variable  y  

y = -5x  

 Plug this in for variable  y  in equation

4•(-5x) + 12x = 16

- 8x = 16

Solve equation 2 for the variable  x  

8x = - 16  

x = - 2  

so far we know this

y = -5x

x = -2

Use the  x  value to solve for  y  

 y = -5(-2) = 10

which would give us the answer B

Please help!
Stephen had his scooter repaired for a total of $90. The cost for the parts was $25. The cost for the labor was $15 an hour. If h represents the number of hours, which of the following shows an equality between two different ways of expressing the total cost of Stephen's scooter repairs?

A. 40h = 90
B. 15 + 25h = 90
C. 90 + 25h = 15
D. 15h + 25 = 90

Answers

Answer: D

Step-by-step explanation:

Answer:D

Step-by-step explanation:

...

I need help with this ​

Answers

12
y=27
p=5
a=28
r=32
c=4
q=11
u=5
w=30
z=1
sorry if these are wrong or mixed up

how to find radius of the base examples​

Answers

Answer:

r=[tex]\frac{c}{2\pi }[/tex]

Step-by-step explanation:

Solve -103 = 6x + 17.

Answers

Answer: x=-20

-103= 6x + 17

-120=6x

-20=x

What is an equation of the line that passes through the points (4, -2) and (8, – 7)?
Put your answer in fully reduced form.

Answers

Answer:

y= -5x/4 + 3

Step-by-step explanation:

To find slope, use the equation [tex]\frac{y_2-y_1}{x_2-x_1}[/tex], so m(the slope) = (-7+2)/(8-4) = -5/4.

Now let us use (4,-2) in the equation [tex]y-y_1=m(x-x_1)[/tex].

So y - (-2) = (-5/4)(x - 4) (equation of the line)

y + 2 = -5/4(x - 4)

y + 2 = -5x/4 + 5

y= -5x/4 + 3 (slope-intercept form, also known as fully reduced form)

You could also use (8,-7) instead of (4,-2).

plz help me asap i need help plz i will mark you as brainlist

Answers

Answer:

the third one

Please help really quick, I'll give Brainliest. You only have to do Q1, but more is welcome.

Answers

Answer:

1) 90+30+x=180

x= 60

2) 2x+90=180

x= 45

3) angle SPQ

90+55+ SPQ=180

SPQ= 35

Therefore as op=os=radii= isosceles triangle

angles OPS=OSP

SPQ +QPO=OSP

35 + x = 55

x=20

4)110+ 90+90 +x=360

x=70

5)90 +90 +45+x=360

x=135

hope it helped.

Hdjdndbeiekenen ANSWERRRRREEEEEEEEEEEEEEE

Answers

Answer:

It stays open because |-45.50| > 30

Step-by-step explanation:

Given that :

Balance in Linda's account = - 45.50

If she owes more than $30, her account gets closed

The absolute value of any number returns a positive value of that same number :

Hence,

|-45.50| = 45.50

Comparing the options :

|-45.50| > 30

Once, the account does not fall below - $30, Lindsay's account stays open.

Therefore,

The true statement is ;

It stays open because ;

|-45.50| > 30

I need help! 6th grade math! ASAP! Only 1 and 3. 10 Points each!

Answers

Answer:

1. (0,5) (16,21) (20,25) (36,41) (55,60)

Step-by-step explanation:

Hope this helped you!! Give brainliest

Answer:

nnrrharthtghgdzhgdhth

Step-by-step explanation:

Can anybody do this for me please

Answers

Answer:

it very simple actually, just do it what its saying from any point it wont really matter youll still get it right

Step-by-step explanation:

Which is the graph of y – 3 = (-2/3)(x + 6)?

Answers

Answer:

The points are on (-1.5,0) and (0,-1)

Step-by-step explanation:

Hope this helps!

Brain-List?

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