Ron is seeking a loan with a simple interest rate of 7% per year. If he wants to borrow $4,500, then how much will he be charged in interest after 3 years?

Answers

Answer 1

Answer: He will be charged $915 in interest after 3 years

Step-by-step explanation:

7% ÷ 100 = 0.07

0.07 × 4500 = 315

315 × 3 = 945

---------------------------------

945 + 4500 = 5445 ( Don't worry about this)

Answer 2

The simple interest charged to Ron for the money he borrowed is $945.

Given that, principal = $4500, rate of interest = 7% and the time period = 3 years.

What is the simple interest?

Simple interest is a method to calculate the amount of interest charged on a sum at a given rate and for a given period of time.

Simple interest is calculated with the following formula: S.I. = P × R × T, where P = Principal, R = Rate of Interest in % per annum, and T = Time, usually calculated as the number of years.

Now, simple interest = (4500 × 7 × 3)/100

= 45 × 7 × 3

= $945

Therefore, the simple interest charged to Ron for the money he borrowed is $945.

To learn more about the simple interest visit:

https://brainly.com/question/25845758.

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Related Questions

Use: Ck
n!
k! (n-k)!
to solve the combination.
During a lunch seminar chocolate,
caramel, and strawberry toppings
were available. How many two-topping
sundaes are possible?

Answers

Answer:

3

Step-by-step explanation:

Chocolate-caramel

Carmel- strawberry

Chocolate-strawberry

That’s 3 ways.

Step 2: Evaluating trends of data
Because you want to prepare and serve the healthiest food possible, you monitor the fat
and calorie content of items on your menu. Some of the menu items are included in the
graph below.
Fat & Calorie Content
1000
800
1600
Calories
400
200
0
0
6
10
12
2
14
16
8
Fat
a) Your business partner describes this as a high positive correlation. Is your partner
correct? Why or why not? (2 points)
b) Using the drawing tools, draw a trend line (line of best fit) on the graph above. (2
points)

Answers

Answer: im actually doing this rn

Answer:

I know im late but here is the answer can i still get breainliest?

Step-by-step explanation:

a) Your business partner describes this as a high positive correlation. Is your partner correct? Why or why not?

Yes, my partner is correct because as the fat increases the calories increase. And when the points are rising from the left to the right, this indicates a positive correlation.

b) Using the drawing tools, draw a trend line (line of best fit) on the graph above.

it's basically a line that goes up to the right like this /

c) Judge the closeness of your trend line to the data points. Do you notice a relationship between the data points?

This is a linear trend because it moves in a line going up at a predictable rate.

d) Is the trend line linear? If so, write a linear equation that represents the trend line. Show your work.

No, the trend line is not linear, because it squiggles at the end.

Mr. Granados deposited $5,300 into an account. He made no additional deposits or withdrawals. Mr. Granados earned 6.5% annual simple interest on the money in the account. What was the balance in dollars and cents in Mr. Granados' account at the end of 6 years?

Answers

5,300. 6.5. 6 is how you get the answer

AYYYY HOLMES 100 POINTS BOISSS

Answers

Answer:

1) A

2) B

3) D

4) B

Step-by-step explanation:

1) Because 1 mile is 5280 feet one half of the proportion has to be 1/5280. The other half is 5/x

2) Multiply 1/2 * (10/2.5). This gets you 2

3) First find 4.5% of 545.00 (Multiply 545*.045) This gets you 24.525. Add this to 545, and you get 569.525. This can be rounded to $569.53

4) There seem to be 5 players for each coach. If there are 80 players, divide 80 by 5 to get the number of coaches. The final answer is 16

Answer:

1.) A.-  [tex]\frac{5}{x}[/tex]

2.) B.-  2

3.) D.- 569.53

4.) B.- 16

Step-by-step explanation:

-1.) His placement needs to be the denominator To be counted, Only Option "A." Has his value

-2.) Pints = 0.125-US liquid Gallon- For 10 gallons of gas he would need 2 Pints

-3.) Bringing 545.00 up by 45% Would leave us with- 569.53

-4.) We would need 16 couches for 80 softball players

Proportional relationships are relationships between two variables where their ratios are equivalent. Another way to think about them is that, in a proportional relationship, one variable is always a constant value times the other. That constant is know as the "constant of proportionality".

Ratios are proportional if they represent the same relationship. One way to see if two ratios are proportional is to write them as fractions and then reduce them. If the reduced fractions are the same, your ratios are proportional.

Proportions are the same ratios written in different forms. A proportional relationship is states that they are the same. For example, 1/2 and 6/12 have a proportional relationship, which means they are the same. I hope this helps!!

The term "jet stream" is often used by weather forecasters to describe
A: The cloud-like condensation trails that are sometimes seen behind jet aircraft.
B: Warm pacific winds associated with volcanic activity in the western pacific which carry heat to the north pole
C: Solar winds that bring high energy particles to the upper atmosphere, providing heat which sets off convection cycles disturbing weather in the tropical latitudes
D: The west to east winds that circle the globe, often just below the poles in latitude and just beneath the stratosphere in elevation

Answers

Answer:

daddy chill what does the man say?

Step-by-step explanation:

???

D; it’s the big winds that circle around the globe

What is 3 1/4: 1/4? How many 1/4's are there in 3 1/4?*
O 3
O 1/4
13
O 12

Answers

Answer: 13

Step-by-step explanation:

Answer:

13

Step-by-step explanation:

There are 12 1/4s in 3

Add the extra 1/4 + 13 1/4s

Select all expressions that are equivalent to 6(b + 2) – b.

5b + 8

7b + 8

5b + 12

6b + 8 – b

6b + 12 – b

Answers

Expressions equivalent would be 6b + 8 - b.

The given expression is equivalent to -

6b + 12 - b 5b + 12

What are algebraic expressions?In mathematics, an expression or mathematical expression is a finite combination of symbols that is well-formed according to rules that depend on the context.Mathematical symbols can designate numbers (constants), variables, operations, functions, brackets, punctuation, and grouping to help determine order of operations and other aspects of logical syntax.

Given is the expression as -

6(b + 2) – b

We can write this expression as -

6(b + 2) – b = 6b + 12 - b = 5b + 12

Therefore, the given expression is equivalent to -

6b + 12 - b 5b + 12

To solve more questions on algebraic expressions, visit the link below -

brainly.com/question/1041084

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CAN SOMEONE PLS HELP ME I WILL MAKE BRAINLIEST PLSSS

Answers

Answer:

a) 300 miles

b) 2pm}

That is all I can help you :(

Step-by-step explanation:

8am + 6hrs =14hrs =2pm

A right triangle has side 9 and hypotenuse 15. Use the Pythagorean Theorem to find the length of the third side.
Provide your answer below:

Answers

Answer:

12

Step-by-step explanation:

Pythogorean Theorem:

a squared + b squared = c squared

9 squared or 81 + ? squared = 15 squared or 225

Inverse Pythagorean Theorem:

c squared - a squared = b squared

225 - 81 = 144

sqrt (144) = 12

12 = b

Hope this helps! Good luck!

HELP!!!!i will give BRAINLIEST

Answers

Answer:

2.9

Step-by-step explanation:

2 9/10 as an improper fraction is 29/10

29/10 as a decimal is 2.9

Answer:

2.9

Step-by-step explanation:

Math. Pls give brainliest:)!

In a random sample of 100 voters, 48 said they planned on voting for the Republican presidential candidate. On election day, 51% of voters actually voted for the Republican presidential candidate. (a) Identify the value of the sample proportion.

Answers

Answer: 0.48 .

Step-by-step explanation:

The sample proportion is a ratio of number of successes in a sample to the sample size.

Let p be the proportion of voters actually voted for the Republican presidential candidate.

Given:   In a random sample of 100 voters, 48 said they planned on voting for the Republican presidential candidate.

Sample proportion: [tex]\hat{p}=\dfrac{48}{100}=0.48[/tex]

Hence, the sample proportion is 0.48 .

Which graph represents the function f(x)=4/x
?

Answers

Answer:

graph shown below

Step-by-step explanation:

Answer:

B

Step-by-step explanation:

f(x) = 3 (x-3)
D:
R:

Answers

i have d anqhsisgdigiis

Hannah invested $820 in an account paying an interest rate of 1.8% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 16 years?

Answers

Answer:

$1,093.67 = $1,100 rounded to th next $100

Step-by-step explanation:

Final investment value

$1,093.67

Total interest earned

$273.67

Initial balance

$820.00

Total monthly deposits

$0.00

Effective Annual Rate (APY)

1.816%

The formula used in the compound interest calculator is A = P(1+r/n)^(nt)

A = the future value of the investment

P = the principal investment amount

r = the interest rate (decimal)

n = the number of times that interest is compounded per period

t = the number of periods the money is invested for

Answer:

1100

Step-by-step explanation:

How do you write 1 2/3 as a decimal.

Answers

Answer:

1.7

Step-by-step explanation:

(12 + 5) + 32 × (10 − 5)

Answers

Answer: 177

Step-by-step explanation:

Jack spent $6.34 on haircut. $35.70 on groceries and $18.77 on a cake. How
much money has he left, if he had $88.76 to start with?

Answers

$88.76 - $6.34 - $35.70 -$18.77 = $27.95

store A Sells a set for $26 and offers a 15% discount

Answers

Answer:

Step-by-step explanation:

20% of $1200 is $240

(0.2∗1200)=$240

Now subtract that number from 1200

1200−240=$960

try this example

Answer:

$22.10

Step-by-step explanation:

First you would multiply 26 by .15, which represents 15%, or 15/100. After you multiply, you will get 3.9. 3.9 represents the discount of the price. Since it is a discount, you suntract 3.9 from 26, and you get 22.1.


A taxi ride costs $4, plus an additional $3 per mile (X). You paid the taxi driver $16 after riding in the taxi for x
number of miles. How many miles did you ride in the taxi?
Help please

Answers

Answer:

4 miles

Step-by-step explanation:

Answer:

4 miles

Step-by-step explanation:

4 + 3x = 16      16 - 4 = 12 / 3 = 4

Which interval for the graphed function has a local minimum of 0?

Answers

Answer: your answer would be   [2, 4]

Step-by-step explanation:

tell me if im wrong please

What is the common difference between successive terms in the sequence?
2, 8, 14, 20, 26, .
ΟΟΟΟ
-6
-4
4
6

Answers

The sequence you add 6 each time so I say 6

Is Oregon a swing or a safe state?

Answers

Answer:

Oregon is a safe state

Step-by-step explanation:

this election it is also democratic

7 is ten times the value of _?

Answers

Answer:

0.7

Step-by-step explanation:

Answer:

0.7

Step-by-step explanation:

is you multiply 0.7 by ten you get 7

1 pound of blueberries cost $2.75 yes or no

Answers

Answer:

no

Step-by-step explanation:

cause I don't really know

I WILL MARK BRAINLIST

Answers

Answer:

D

Step-by-step explanation:

Answer:

A

Step-by-step explanation:

It translates 5 up and 3 left

need help with it asap you need to show your work

Answers

Answer:

the correct answer is 21

Step-by-step explanation:

5+3×3(2)-2

5+18-2

=21

Choose the function that shows the correct transformation of the quadratic function shifted elght units to the right and
one unit down.
f(x) = ( x - 3)^2+1
f(x) = ( x - 8)^2 - 1
f(x) = ( x + 8)^2+1
f(x) = ( x + 8)^2-1

Answers

Answer:

f(x)=(x-8)^2 -1

What is the slope and the y-intercept of the following linear equation?

Answers

Answer:

wish i coul d help

Step-by-step explanation:

Multiply -5/3 and -9/1

Answers

it’s 15!! hope this helps :))))
-5/3 x -9/1

Multiplying two negatives gives a positive:

5/3 x 9/1

Reduce the numbers using the greatest common factor (3):

5 x 3/1

5 x 3

15


Final answer is: 15

In fractional form: 15/1

Can someone factor f(x)= 2x^4 -12x^3 +6x +20x and please show steps thank you

Answers

Answer:

I dont think the way you wrote it was right.

Step-by-step explanation:

Answer:

f(x) = 2x(x - 5)(x -2)(x + 1)

Step-by-step explanation:

Given

f(x)= 2x^4 -12x^3 +6x^2 +20x

Factoring in steps

f(x)= 2x^4 -12x^3 +6x^2 +20x =2x(x^3 - 6x^2 + 3x + 10) =2x(x^3 - x^2 - 2x - 5x^2 + 5x + 10)2x(x - 5)( x^2 - x - 2) = 2x(x - 5)(x -2)(x + 1)
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