Ethan invested £500 in the bank for 2 years. he earned £40 simple interest in total. what was the simple interest rate per annum

Answers

Answer 1
The formula is
I=prt
I interest earned 40
P principle 500
R interest rate?
T time 2 years
Solve the formula for r by dividing both sides by pt to get
R=I/pt
R=40÷(500×2)
R=0.04×100
R=4%

Hope it helps!
Answer 2

Answer:

4%.

Step-by-step explanation:

We have been given that Ethan invested £500 in the bank for 2 years. He earned £40 simple interest in total. We are asked to find the annual interest rate.

We will use simple interest formula to solve our given problem.

[tex]I=Prt[/tex], where,

I = Amount of interest,

P = Principal amount,

r = Annual interest rate in decimal form,

t = Time in years.

Upon substituting our given values in above formula, we will get:

[tex]40=500*r*2[/tex]

[tex]40=1000*r[/tex]

Now, we will divide both sides of our given equation by 100.

[tex]\frac{40}{1000}=\frac{1000*r}{1000}[/tex]

[tex]\frac{4}{100}=r[/tex]

[tex]\frac{1}{25}=r[/tex]

[tex]0.04=r[/tex]

Since our given interest rate is in decimal form, so we need to convert it in percentage.

[tex]0.04\times 100\%=4\%[/tex]

Therefore, the simple interest rate per annum is 4%.


Related Questions

In the deli, meat and cheese are sold by the pound. There is usually a unit price in each variety in the refrigerator case. If honey ham costs $5.99 per lb, how much would 1.5 lbs cost?

Enter your answer as a decimal rounded to the nearest cent.

Answers

This here is a simple algebra equation that may seem tricky due to the wording. However, with some simple deduction, you will be able to see that all you have to find is a small equation.

So if 1lbs = $5.99
and you need to find 1.5lbs
5.99x = answer
then all you simply have to do is multiply $5.99 by 1.5lbs.

When completing the equation, you will see that 1.5lbs of ham will cost $8.985 which will round to $8.99.

How much money do i have if i had tow dollars five pennies and three quarters how much money do i have?

Answers

You have $2.80 total.

NEED HELP FAST PLEASE!

What is the equation of this line?

y = 1/2x -- 3

y = --1/2x -- 3

y = --2x --3

y = 2x -- 3

Answers

(0, -3)(2, -2)
slope = (-2 + 3)/(2-0) = 1/2

b = -3
equation
y = 1/2x - 3

answer is A
y = 1/2x - 3
y=1/2x-3 is the equation for the line. The slope is 1/2, and the y intercept is 3.

What does it mean to say that two variables are negatively associated?

Answers

A negative correlation means that there is an inverse relationship between two variables - when one variable decreases, the other increases. The vice versa is a negative correlation too, in which one variable increases and the other decreases.

W far has a person traveled who ran at a rate of 5.5 miles per hour for of an hour?

Answers

Its 5.5 miles per hour so in one hour he ran 5.5 miles

Answer:

4.125 hope this helps!

Step-by-step explanation:

I know u meant 3/4 of an hour

Which choice represents the fraction below as a single exponential expression?

8^2/8^16

a. 8^-12
b. 8^12
c. 1/4
d. 8^4

Answers

the correct answer would be A. 8^-12

8^2 /8^16 =  1/8^14 = 2.27373*10^-13

8^-12 = 1.45519*10^-11

 which are equal so answer is A

If the probability of a certain event is 63/92, what are the odds against the event happening?

Answers

29/92 you minus sixty three by ninety two to get the probability of the event not to occur.  

What is the difference between the profits Mr.Brown's store earned in the first quarter and the third quarter?

a. $2,411.44
b. $2,814.64
c. $3,004.54
d. $3,214.78

Answers

The answer is A, because $9,841.28 minus $7,429.84 is $2,411.44

Answer:

Option a. $2,411.44

Step-by-step explanation:

In the table the profit of Mr. Brown's store in all quarters of 2012  was given.

In Quarter 1 Profit was = $9,841.28

In Quarter 2 profit was = $8,957.67

In Quarter 3 profit was = $7,429.84

In Quarter 4 profit was = $11,095.67

To find out the difference between the profits earned in the first quarter and the third quarter, we subtract it.

Difference between profits = 9,841.28 - 7,429.84 = $2,411.44

Answer would be Option a. $2,411.44

An athlete eats 45g of protein per day while training. How much protein will she eat during 15 days of training?

Answers

1 gram is 1000 milligrams So 60 grams is 60,000 milligrams.

Answer:

Step-by-step explanation:

The short lines or feet at the base of type are called _______.

Answers

I believe the answer is Serifs

Is 6/36 and 1/6 proportional?

Answers

Yes. they are both a factor of 6
Yes, they are proportional.
6/36=1/6
Cross products is 6*6=36*1
36=36 :)

What is an equation of the line in slope intercept form? m = 4 and the y-intercept is (0, 5) (1 point)?

Answers

The equation for this is y= 4x+5

Answer:

[tex]y=4x+5[/tex]

Step-by-step explanation:

Mathematically, the slope m of a line is:

[tex]m=\frac{\Delta y}{\Delta x} = \frac{y-y_o}{x-x_o}[/tex]

Therefore, if we know the slope m of the line and a point [tex](x_o , y_o)[/tex] we will be able to find its equation simply solving for y:

[tex]y-y_o=m(x-x_o)[/tex]

Replacing the data provided by the problem:

[tex]y-5=4(x-0)\\\\y-5=4x\\\\y=4x+5[/tex]

Help please solve 5x+2=22

Answers

5x + 2 = 22
5x = 22 - 2
5x = 20
x = 20/5
x = 4
Salutations!

[tex]5x+2=22[/tex]

To solve this, we need to isolate the number 2 by shifting it infront of 22. By this, we can easily solve the equation.

[tex]5x = 22 -2[/tex]

We need to be very careful while isolating the number, make sure the operation is opposite.

[tex]5x = 22 -2[/tex]

[tex]5x = 20[/tex]

[tex]x=20/5[/tex]

[tex]x=4[/tex]

Hope I helped (:

Have a great day!

Jason went shopping.
He bought a watch and a pair of trainers for a total price of £53.55
This price includes a 15% loyalty discount.
Before the discount, the trainers were priced at £38
Work out the price of the watch before the discount.

Answers

0.85 (pw+38)= £53.55
pw+38=63
63-38 =£25 

A recipe asks for 4 1/2 pounds of chicken.

How many pounds of chicken are needed to make 1/2 of a recipe?

Express the answer in simplest form.

Answers

2 1/4 just divide by 2

Divide 4 1/2 by two! I hope this helps :)

Biologists have proposed a cubic polynomial to model the length l of alaskan rockfish at age a:l = 0.0155a3 − 0.372a2 + 3.95a + 1.21, where l is measured in inches and a is in years. (a) (2 pts) calculate dl da a=12 (b) (2 pts) interpret your answer.

Answers

(a) To answer this item, we are to differentiate the given equation, l, in terms of a. This is as shown below.

            dl/da = 3(0.0155)a² - 2(0.372)a + 3.95

Substituting the known value, a = 12
          dl/da = (3)(0.0155)(12)² - 2(0.372)(12) + 3.95

Simplify,
       dl/da = 1.718

(b) The answer in a tells us that the length of the alaskan rockfish will change at a rate of 1.718 inches/year when it is already 12 years old. 
Final answer:

To calculate dl/da when a=12, find the derivative of the cubic polynomial and substitute a=12. The rate of change of the length is approximately 1.682 inches per year.

Explanation:

To calculate dl/da when a=12, we need to find the derivative of the given cubic polynomial with respect to a. The derivative of l with respect to a can be found by taking the derivative of each term separately and then simplifying:

Find the derivative of 0.0155a^3: 3 * 0.0155 * a^2 = 0.0465a^2 Find the derivative of -0.372a^2: 2 * -0.372 * a = -0.744a Find the derivative of 3.95a: 3.95 Find the derivative of 1.21: 0

Now substitute a=12 into the derivatives we found:

0.0465(12)^2 = 6.66-0.744(12) = -8.9283.950

So, dl/da when a=12 is approximately 0.0465(12)^2 - 0.744(12) + 3.95 = 6.66 - 8.928 + 3.95 = 1.682.

Interpretation: The value dl/da represents the rate of change of the length of the alaskan rockfish with respect to its age. In this case, when the rockfish is 12 years old, its length is changing at a rate of approximately 1.682 inches per year.

Learn more about Derivatives here:

https://brainly.com/question/25324584

#SPJ11

PLZ HELP ASAP
8 ÷ 16 = 48 because A) 288 × 1/6 = 48 B) 80 × 1/10 = 8 C) 64 × 1/8 = 8 D) 48 × 1/6 = 8

Answers

I think the answer is D. because it seems the most logical. It is definitely not B. or C. and I don't think A. seems right. 

Answer:

D)48 × 1 6 = 8 Use the relationship between multiplication and division to explain that 8 ÷ 1 6 = 48 because 48 × 1 6 = 8.

Step-by-step explanation:

I need help please ace/experts

Answers

1.

 18.98 per 1000

320,000 / 1000 = 320

18.98 x 320 = $6073.60


2. smoker: 9.36 * 100 = 936

 non smoker: 7.85 * 100 = 785

936 - 785 = $151


Solve the inequality.
g - 6 > -1

A. g > 7
B. g > –7
C. g > 5
D. g < –7

Answers

the answer is c.g>-7

The correct answer is option C g > 5.

To solve the inequality, we need to isolate the variable g. Here are the steps:

Add 6 to both sides of the inequality to isolate g.

The inequality now becomes: g - 6 + 6 > -1 + 6

Simplify both sides: g > 5

The solution to the inequality is g > 5.

Therefore, the correct answer is option C.

Paul serves 4 cups of coffee every 6 minutes Using y for number of cups of coffee and x for the amount of minutes that have passed, write an equation that represents this proportional relationship.

Answers

y=4x/6 which becomes y=2x/3

Select the classification of the polynomial using its degree and number of terms.

9x − 3y + 7

The polynomial is classified as a

-quadratic trinomial
-linear monomial
-linear trinomial

Answers

The polynomial 9x − 3y + 7 would be classified as a linear trinomial. This is because there are no exponents of two, making it linear, not quadratic. However, there are three terms, making it a trinomial. Hope this helps!

On average, at least 25,000 pieces of luggage are lost or misdirected each day by United States airlines. Of these, 98% are located by the airlines within 5 days. From a given day’s lost luggage, at least how many pieces of luggage are still lost after 5 days?

Answers

Final answer:

To find the number of luggage still lost after 5 days, at least 2% of the given day's lost luggage will still be lost after 5 days.

Explanation:

To find the number of luggage still lost after 5 days, we can use the concept of complementary events.

Since 98% of lost luggage is located by the airlines within 5 days, that means 2% of the lost luggage is still not located.

Therefore, at least 2% of the given day's lost luggage will still be lost after 5 days.

Learn more about lost luggage here:

https://brainly.com/question/31038261

#SPJ12

Can you please explain how to do it? Thank you! :)

Answers

Explain what? Please provide a download with the question.

what is the measure of ∠J?
Given △ABC≅△JKL, m∠B=55°, and m∠L=25

Answers

ABC congruent to JKL.....this means that A = J, B = K and C = L

m < B = 55....so < K = 55 also
m < L = 25.....so < C = 25 also
so we need the measure of < J....and < A

interior angles of a triangle add up to 180 degrees
< J + < K + < L = 180
< J + 55 + 25 = 180
< J + 80 = 180
< J = 180 - 80
< J = 100......so < J = 100....and so does < A


I cold may be may be Ander italiano ideal tiene was a Picture

The phones at Century Cellphones vary in price depending upon demand. The average phone has a built in camera and costs x dollars. Phones with both a camera and an MP3 player are 35 dollars less than twice the cost of the phones with just the camera. Phones without any features are 100 dollars less than the cost of the phone with just the camera. Purchasing all three would cost at least $525.
a) Determine the inequality that represents this situation.
b) How much does the phone with just the camera cost?

Answers

a. let us say that:

a = cost of phones with camera

b = cost of phones with camera and mp3

c = cost of phones without any features

 

b = 2 a – 35

c = a – 100

a + b + c = 525

 

b > a > c

 

b. We are given three equations with three unknowns. So we can solve the problem.

 

a + (2 a – 35) + (a – 100) = 525

a + 2 a – 35 + a – 100 = 525

4 a – 135 = 525

4 a = 660

a = $165

a) According to the problem, purchasing all three phones would cost at least $525, which leads us to the inequality:
[tex]4x - 135 \geq 525[/tex]

b) The cost of the phone with just a camera is at least $165.

a) Setting Up the Inequality

Let’s define the variables based on the information given:

Let [tex]x[/tex] be the cost of the phone with just a camera. Then, the cost of the phone with both a camera and an MP3 player is given as:
[tex]y = 2x - 35[/tex] The cost of the phone without any features is:
[tex]z = x - 100[/tex]

Now, the total cost of buying all three types of phones can be expressed as:
[tex]x + y + z[/tex]


Substituting the expressions for [tex]y[/tex] and [tex]z[/tex], we get:
[tex]x + (2x - 35) + (x - 100)[/tex]

This simplifies to:
[tex]4x - 135[/tex]

b) Finding the Cost of the Phone with Just the Camera

To find out the value of [tex]x[/tex], we can solve the inequality:
[tex]4x - 135 \geq 525[/tex]


Adding 135 to both sides gives:
[tex]4x \geq 660[/tex]

Now, dividing both sides by 4:
[tex]x \geq 165[/tex]

you find a fossilized animal footprint in montana. One footprint is round and has a diameter of 42cm. what is the are of the footprint?

Answers

Can you list your options?

To find the area of a round footprint with a diameter of 42 cm, you use the formula for the area of a circle, A = πr². The radius is 21 cm, so the area is approximately 1382.74 cm².

To find the area of a round footprint, you use the formula for the area of a circle, which is πr², where r is the radius of the circle.

First, find the radius by dividing the diameter by 2. In this case, 42 cm / 2 = 21 cm.Next, use the area formula: area = π x (radius)². So, area = π x (21 cm)².Calculate the result: area = π x 441 cm².Using the approximation π ≈ 3.14, the area ≈ 3.14 x 441 cm².The final area ≈ 1382.74 cm².

Therefore, the area of the fossilized footprint is approximately 1382.74 cm².

what is the multiplicative rate of change of the function described in the table ?

Answers

the answer to the question is B.
Answer:

Hence, the multiplicative Rate of change is:

5

Step-by-step explanation:

The multiplicative Rate of change refers to the fixed constant which when multiplied to the output will lead to increase/decrease in the next output value.

We have the table of values as:

    x                y

  -1                1/10

   0                1/2

    1                5/2

    2               25/2

    3                125/2

Hence, we see that when 5 is multiplied to the output value we obtain the next output value.

i.e.

1/10×5=1/2

1/2×5=5/2

5/2×5=25/2

25/2×5=125/2

Hence, the multiplicative Rate of change is:

5

     

Deon drove 408 miles using 16 gallons of gas. At this rate, how many miles would he drive using 11 gallons of gas?

Answers

 280.5 miles. you have to divide 408 by 16 than multiply the answer by 11
Final answer:

By setting up a ratio based on the known miles per gallon, we can determine that Deon would be able to drive 281.5 miles using 11 gallons of gas.

Explanation:

This problem can be solved by setting up a proportion to find out how many miles Deon would drive using 11 gallons of gas. First, we know that Deon can drive 408 miles with 16 gallons of gas. This forms a ratio of 408/16 which simplifies to 25.5. This means Deon can drive 25.5 miles for every gallon of gas. Using this, we can determine how far he would travel with 11 gallons by multiplying the miles per gallon (25.5) by 11.

Therefore, Deon would drive 281.5 miles using 11 gallons of gas.

Learn more about Proportions here:

https://brainly.com/question/32430980

#SPJ2

Last year, Bill opened an investment account with $6800 . At the end of the year, the amount in the account had increased by 24.5% . How much is this increase in dollars? How much money was in his account at the end of last year?

Answers

I hope this was helpful!!!
Final answer:

Bill's investment increased by $1666 over the year, which is 24.5% of the original $6800. At the end of the year, the total amount of money in the account was $8466.

Explanation:

To determine the increase in dollars due to the investment growth of 24.5%, we would calculate 24.5% of $6800. We can use the formula increase = principal × (rate/100), where principal is the starting amount and rate is the percentage increase.

So, increase = $6800 × (24.5/100) = $6800 × 0.245 = $1666. This means that the increase in dollars is $1666.

Next, to find out how much money was in his account at the end of last year, we add this increase to the original investment: total amount = original amount + increase = $6800 + $1666 = $8466. Therefore, the total amount in the account at the end of the year was $8466.

complete the solution of the equation. Find the value of y when x equals -4
x + 3y = 14

Answers

Final answer:

When x equals -4, the value of y is 6 by substituting -4 into the equation x + 3y = 14 and solving for y.

Explanation:

To complete the solution of the equation and find the value of y when x equals -4, simply substitute -4 for x into the equation x + 3y = 14. The steps are as follows:

Start with the equation: x + 3y = 14.Substitute -4 for x: (-4) + 3y = 14.Solve for y: 3y = 14 + 4.Simplify: 3y = 18.Divide both sides by 3: y = 18 / 3.Find the value of y: y = 6.

Therefore, when x equals -4, the value of y is 6.

Other Questions
Why is Spain a good example of how most conquered peoples of other faiths were treated under the Umayyad caliphate?1.Jews and Christians were forced to convert to Islam, though many chose to do so willingly.2.Jews, Christians, and non-Arabic speaking Muslims there were all kept strictly separated from wider Arabic-speaking Muslim society.3.Jews and Christians there coexisted peacefully with Muslims, and were allowed to practice their own religions. For the data in the table does Y very directly with X The s subshell can hold up to two electrons in an atom. True or False Con qu ropa van al partido?yo / vestirse / con pantalones y camiseta King philip's war (1676) left new england settlers with A forest ranger can see a distance of 12 miles from a fire tower how many square miles can he see An apartment has 972 square feet of carpeting. How much is this in square meters? Use the following conversion: 1 square meter is 10.8 square feet. When h2o is removed from the mixture does the equilibrium shift to the right to the left or is there no shift? Why did General Gage take weapons away from the colonists? Which is one cause for the major changes in todays families?A) therapyB) high divorce rateC) job lossD) social unitsPlease explain your answer! What was the Great Schism?the breakup of the Carolingian empirethe dividing of Europe between the Byzantine and the Holy Roman empiresthe invasion of Europe by Muslim Moorsthe split between the Roman Catholic and Eastern Orthodox Churches 20 POINTS TO WHOEVER ANSWERS THIS FIRST Translate the word phrase into a math expression12 meters longer than his throwA.T / 12B. 12 x TC. T - 12D. T + 12 You exercised 24 hours each month for a year. How many hours did you exercise by the end of the year? You may be able to do the math mentally thanks to expanded notation and the Distributive Property. WILL GIVE BRAINLIEST HELP ASAP Which Constitutional Amendment prohibits the denial of the right to vote based on race, color, or previous condition of servitude? solve the following: all fractions should be reduced to lowest terms and mixed numbers. -1 1/4 x (-2/5)= Which wonder of the ancient world was located in Babylon? When bilingual canadian students born in china describe themselves in english, they make the positive self-statements typical of canadians. when these same students describe themselves in chinese, their self-descriptions are more typically chinese (that is, in alignment with chinese values). this difference in thinking is evidence for:? alex is thinking of a doubles fact. the sum is greater than the sum of 7+7 but less than the sum of 8+9. what fact is alex thinking of? The road system developed by the akkadians helped them establish one system used in modern times. what is it? Steam Workshop Downloader