Mike saves $2,000 at a yearly simple interest rate of 2%. He earns $280 in interest. For how many years did he save this money?

Answers

Answer 1

Answer:

7 years.

Step-by-step explanation:

To find this, we need to find 2% of 2,000. To do this, we mulitply 2,000 by .02. This gets us 40. Now, we need to divide 280 by 40 to find the amount of years it took for Mike to get this money. When we do that, it gets us 7. That means Mike saved that money for 7 years.

Answer 2

The number of years that he saves this money will be 7 years.

What is simple interest?

Simple interest is the concept that is used in many companies such as banking, finance, automobile, and so on.

The formula for interest is written as,

I = (PRT)/100

Where P is the principal, R is the rate of interest, and T is the time.

Mike saves $2,000 at a yearly simple interest rate of 2%. He earns $280 in interest. Then the number of years is calculated as,

$280 = ($2,000 x 2 x T) / 100

$28,000 = $4,000 x T

T = $28,000 / $4,000

T = 7 years

The number of years that he saves this money will be 7 years.

More about the simple interest link is given below.

https://brainly.com/question/2793278

#SPJ5


Related Questions

need help its 7th grade math​

Answers

Answer:

1 inch represents 60 feet.

Step-by-step explanation:

120/2

= 60

So his scale is 1:60

Answer:

Its 1 inch represents 60 ft

Step-by-step explanation:

you have to divide 120 by 2 and thats 1 inch per 60 feet

What is the RANGE of this input/output table???

Answers

Answer:

yes

Step-by-step explanation:

Graph the solution of this inequality:
350 > 125 + 150
10 20 30 40 50 60 70 80 90 100 110 120
Drag a point to the numb

Answers

Step-by-step explanation:

The given inequality is :

[tex]350\ge 125+15x[/tex] ....(1)

We need to draw graph of this inequality.

Subtract 125 from both sides.

[tex]350-125\ge 125-125+15x\\\\225\ge 15x[/tex]

Dividing 15 to both sides.

[tex]\dfrac{225}{15}\ge \dfrac{15x}{15}\\\\15\ge x[/tex]

Hence, the attached figure shows the graph for this inequality.

Triangles triangle ABC and triangle DEF are similar. Find the angles of these triangles if Mesurements of angle A=100 degrees, and mesurments of angle B=30 degrees.

Answers

Answer:

<D = 100

<E =30

<F =50

Step-by-step explanation

Given that triangles triangle ABC and triangle DEF are similar, this means that their angles are congruent i.e

<A = <D

<B = <E

<C = <F

Given

<A = 100 then <D = 100

<B = 30°, then <E = 30°

To get <F, we will use the expression

<D+<E+<F = 180 (sum of angles in a triangle is 180°)

100+30+<F = 180

130+<F = 180

<F = 180-130

<F = 50°

Hence the measure of <F is 50°

Ella drew 15 hearts, 10 stars, and 25 circles. What is the ratio of stars to all shapes?

Answers

Answer:

16

Step-by-step explanation:

x = –8, y = 7, and z = –11. x - (-z)

Answers

Answer:

[tex]x - ( - z) = x + z =( - 8)+(- 11) \\ = \boxed{ - 19}[/tex]

-19 is the right answer.

A coin is flipped and a normal dice is rolled what is the probability of getting a tail and a five

Answers

Answer:

25% chance

Step-by-step explanation:

It takes Andre 6 minutes to swim 5 laps. (a). How many laps per minute is that? Include how you arrived at your solution.

Answers

Answer:

1.2 minutes

Step-by-step explanation:

So its saying it takes 6 mins to do 5 laps. Thats a little over a min per lap so we now its going to be over 1.  The first step is to divide 6/5. Then you get 1.2

can someone help me on this.
The solution to -45 = n/5 is _____.
-9
9
225
-225

Answers

Answer:

the answer is -225

you have to undo the operation that is being done to x. since it's dividing, you have to multiply both sides by 5 to "undo" what had been done. 5*-45= -225

Step-by-step explanation:

i hope this helped :)

what the answer 68 ÷4​

Answers

Answer:

17

Step-by-step explanation:

Answer:

17 ;-; cant you use a ? calculator?

Step-by-step explanation:


Juanita has 70 toy cars. 40% of the cars are blue.
How many cars are blue?

Answers

Answer:

28

Step-by-step explanation:

70×40% = 28

hdhxjsjcjsx

Answer:

28

Tell me if I am wrong. :) Hope it helps!

Step-by-step explanation:

f(1)=2

f(n+1) = f(n)+4


What is f(10)?

Answers

9514 1404 393

Answer:

  38

Step-by-step explanation:

The recursion relation describes an arithmetic sequence with a first term of 2 and a common difference of 4. The explicit formula for the n-th term of the sequence is ...

  f(n) = f(1) +d(n -1) . . . . . for first term f(1) and difference d

  f(n) = 2 +4(n -1) = 4n -2

Then the 10th term is ...

  f(10) = 4(10) -2

  f(10) = 38

A table titled Number of Dogs Adopted has entries 3, 3, 4, 4, 4, 5, 5, 6, 6, 6, 7, 7, 7, 7, 8, 8, 8, 8, 8, 9, 9. The total is 132.
A shelter kept track of the number of dogs adopted each day for three weeks. Use the table to find the statistical measures.

Mean:

Median:

Mode:

Range:

Answers

Answer:

mean- 66

median- 7

mode- 8

range- 6

Step-by-step explanation:

to find the mode you line up all the numbers, add them all together and then divide that number by 2.

to find the median you line up all the numbers then one by one taking turns from left to right you cross of the numbers to find the number in the middle. (think of median as middle)

to find mode you just find the number that is used the most. (mode=most)

to find the range you find the highest number and the lowest number. and subtract the lowest from the highest to find the difference between the 2. in this case its 9-3 so the difference is 6.

Answer:

Hello!!! erz here ^^

Step-by-step explanation:

mean- 6.29

median- 7

mode- 8

range- 6

Hope this helps!! :D

A farmer has 28 bushels of apples and can harvest 25 bushels of apples each day. In how many days will he have more than 125 bushels to​ sell? What inequality represents this​ situation?

Answers

Answer: 4 days, there are already 28 bushels of apples

Step-by-step explanation:

In 4 days because 25 times 4 is 100.

100 + 28 is 128 which is more than 125.

how do you differentiate more and more than? can these terms be used in mathematics? how?​

Answers

Answer:

The terms "more" and "more than" have a clear difference, which is even more noticeable in its application in the field of mathematics.

Thus, "more" has a more general meaning, while "more than" applies specifically to comparing the values of two or more determined variables. Therefore, in the field of mathematics "more than" implies that a variable will have a higher value than another or others, while "more" simply refers to a higher value.

HELP I'M SOOOOOO ANGRYYYYY PLEASE HELPPPP
determine the values of X for which g(x) is defined​

Answers

Answer: Any real number x as long as [tex]x \ne 0[/tex] and [tex]x \ne -\frac{2}{3}[/tex]

In other words, anything but 0 or -2/3 is valid.

========================================================

Explanation:

Set the denominator equal to zero and solve for x

2(3x^2 + 2x) = 0

3x^2 + 2x = 0

x(3x + 2) = 0

x = 0 or 3x+2 = 0 .... zero product property

x = 0 or 3x = -2

x = 0 or x = -2/3

If either x = 0 or x = -2/3, then the denominator 2(3x^2 + 2x)  will be zero. But recall that we cannot have zero in the denominator. Dividing by zero is not allowed. The expression is undefined when we divide by zero.

Therefore, we must exclude x = 0 and x = -2/3 from the domain. Any other real number is valid as an x input.

hiii please help asap ill give brainliest if you give a correct answer tyyyyy

Answers

Answer:

Part A: 1.2 minutes

Part B: 0.83

Part C: 25.2

Answer:

a. 1.2 minutes

b. one lap per 1.2 minutes

c. 25.20 minutes

Step-by-step explanation:

a. do 6 mins/5 laps which gives you 1.2, so 1.2 minutes or 1 minute and 20 seconds

b. uh one lap per 1.2 minutes

c. 25.2 minutes which is approx. 25 minutes and 20 seconds. I reallly hope this helps!

What is the complete factorization of the polynomial below? 3 + 4x2 - X-4​

Answers

the answer is 4x^2-x-1

James earns $8.15 per hour that he works. Which algebraic equation shows the
amount of money. E, that James earns in n hours?

Answers

Answer:

e = $8.15n

Although this doesn't require an explanation, I am always open to solve any confusion.

Side Note: I used variable E assuming that the period before 'E' was supposed to be a comma which means it was a given variable.

Answer:

E= 8.15n

Step-by-step explanation:


Multiplying by 1.36 is the same as increasing by
%.

Answers

Answer:

36%

Step-by-step explanation:

1 = 100%

so 1.36 is increasing by 36%

36%

1=100

1.36 increased by 36%

ILL GIVE U BRAINLIST PLS HELP

Answers

i think you multiply it by 4 on both sides

Answer:

A. Right a multiple of 2 and up a multiple of 1.

B. (2, 1)

C. the same

Step-by-step explanation:

A. The original point was (2, 1), so if Larissa moves right a multiple of 2 and up a multiple of 1, she'll stay within the ratio.

B. We already know this is proportional, since it goes through the origin; the line just has to pass through the right point: (2,1)

C. The line will be proportional, so as long x is twice as much as y, Larissa will have the same shade of green paint every time.

can anyone also help me solve this and explain?

Answers

Step-by-step explanation:

A'B'/AB = 5.1/1.7 = 3

B'C'/BC = 7.2/2.4 = 3

A'C'/AC = 7.5/2.5 = 3

These ratios are equal to the scale factor. These ratios are the scale factor.

PLEASE HELP .
What is the length of side BC to one decimal place?

Answers

Answer: 9.0

Step-by-step explanation:

Line p intersects line a and b. a b. By which theorem is a1 ≈ a8

PLEASE HELP!!

Answers

Answer:

option a

Step-by-step explanation:

alternate exterior angle theorem

Vhat percent describes the model below?

Answers

Answer:

55%

Step-by-step explanation:

Out of 100 blocks 55 are shaded

so the fraction would be 55/100

55/100 = 55%

what is 1.75% as a fraction? BTW I NEED THIS ASAP

Answers

The fraction would be 3/4

Create a quadratic equation that would have two real solutions. Then,
explain why it has two real solutions without solving the equation.

Answers

Answer:

Thinking graphically, these correspond to the graph of the straight line (a) missing the graph of the parabola entirely, (b) kissing the parabola at one point or (c) cutting across the parabola and coinciding with it at 2 points.

Step-by-step explanation:

Explanation:

Graphically, a quadratic equation is a parabola and a linear equation is a straight line.

i hope it helps

In a recent survey, 60% of dads prefer to watch football on TV. 40% prefer to watch basketball. If 200 dads were surveyed, how many more preferred football to basketball?

Answers

Given :

60% of dads prefer to watch football on TV.

40% prefer to watch basketball.

To Find :

If 200 dads were surveyed, how many more preferred football to basketball.

Solution :

Number of dad prefer football over basketball is :

[tex]N = 200\times \dfrac{60}{100}\\\\N = 120[/tex]

Therefore, 120 dad's prefer football over basketball.

8x - 4
6x + 8
Find the measure of angle 1.

Answers

Answer:

44°

Step-by-step explanation:

8x-4 = 6x+8

8x - 6x = 8 + 4

2x = 12

x = 12/2

x = 6

then:

8*6 - 4 = 48 - 4 = 44°

The measure of angle 1:

44°

hello please help! create an x/y table!
equation: y=-1/3x-2

Answers

Cant see the pic it’s black
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