Mathematics, 08.07.2021 01:50 Dweath50

If a business borrows $12,600 and repays $23,940 in 5 years, what is the simple interest rate?

Answers: 2

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Answers

Answer from: serianmollel

18%

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Equality Properties

Multiplication Property of Equality Division Property of Equality Addition Property of Equality Subtraction Property of Equality

Algebra I

Simple Interest Rate Formula: A = P(1 + rt)

P is principle amountr is ratet is time

Step-by-step explanation:

Step 1: Define

Identify variables

P = 12600

A = 23940

t = 5

Step 2: Solve for r

Substitute in variables [Simple Interest Rate Formula]: 23940 = 12600(1 + 5r)[Division Property of Equality] Divide 12600 on both sides: 19/10 = 1 + 5r[Subtraction Property of Equality] Subtract 1 on both sides: 9/10 = 5r[Division Property of Equality] Divide 5 on both sides: 9/50 = rRewrite: r = 9/50Evaluate: r = 0.18Convert: r = 18%

Answer from: Quest

-232

step-by-step explanation:

Answer from: Quest

∠lno ≅ ∠lnm

∠oln ≅ ∠mln

step-by-step explanation:

given that triangle lno is congruent to triangle lnm.

we have to fill up the blanks in the given question.

according to above order of congruency kept in mind we can say that

∠lno ≅ ∠lnm

∠oln ≅ ∠mln

ln ≅ ln due to common in both.

hence, by sas congruency,

the side angle side rule states that if two sides and the included angle of one triangle are congruent to another triangle, then these two triangles are congruent.

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