Question

at what monthly rate was a capital of R$25,005 invested which yielded R$15,000 in interest over 6 months and 15 days

101

likes
506 views

Answer to a math question at what monthly rate was a capital of R$25,005 invested which yielded R$15,000 in interest over 6 months and 15 days

Expert avatar
Frederik
4.6
103 Answers
To solve for the monthly rate, we can use the formula for simple interest, which is: I=P\cdot r\cdot t

where:

- \( I \) is the interest earned,

- \( P \) is the principal amount,

- \( r \) is the monthly interest rate,

- \( t \) is the time in months.

Given: I=15,000.00 P=25,005.00 t=6.5 (assuming 1 month equals 30 days)

1. Substitute \( I \), \( P \), and \( t \) into the simple interest formula:

15,000 = 25,005 \cdot r \cdot 6.5

2. Rearrange the equation to solve for \( r \):

r = \frac{15,000}{25,005 \cdot 6.5}

3. Perform the computation:

r=\frac{15,000}{162,532.5}\approx0.0922892

4. Convert the decimal to a percentage:

r=9.22892\%

Answer: \( r \) is approximately 9.22892%.

Frequently asked questions (FAQs)
Math question: What does the integral represent in calculus?
+
What is 45 multiplied by 7, added to 92, divided by 3, subtracted by 35, and then multiplied by 2?
+
What is 45% expressed as a fraction?
+
New questions in Mathematics
How to find the value of x and y which satisfy both equations x-2y=24 and 8x-y=117
Convert the following function from standard form to vertex form f(x) = x^2 + 7x - 1
The sum of an infinite geometric series is 13,5 The sum of the same series, calculated from the third term is 1,5. Q. Calculate r if r>0.
A book is between 400 and 450 pages. If we count them 2 at a time there is none left over, if we count them 5 at a time there is none left over and if we count them 7 at a time there are none left over, how many pages does the book have?
two particles start at the origin and move along the x axis. for 0 <= t <= 10, their respective position functions are given by x1 = cos(t) and x2 = (e^-3t) + 1. for how many values of t do the particles have the same velocity?
The derivative of a power is obtained just by subtracting 1 from the power True or false
Given that y = ×(2x + 1)*, show that dy = (2x + 1)" (Ax + B) dx where n, A and B are constants to be found.
Two events E and F are​ ________ if the occurrence of event E in a probability experiment does not affect the probability of event F.
(2x+5)^3+(x-3)(x+3)
A job takes 9 workers 92 hours to finish. How many hours would it take 5 workers to complete the same job?
4x-3y=24 and 5x-2y=9 solve by elimination
4x/2+5x-3/6=7/8-1/4-x
Let r: x - y 5 = 0. Determine a general equation of the line s parallel to the line r, which forms an isosceles triangle with area 8 with the line x = 5 and the Ox axis.
Solve : 15/16 divide 12/8 =x/y
It is known that the content of milk that is actually in a bag distributes normally with an average of 900 grams and variance 25 square grams. Suppose that the cost in pesos of a bag of milk is given by 𝐶(𝑥) = { 3800 𝑠𝑖 𝑥 ≤ 890 4500 𝑠𝑖 𝑥 > 890 Find the expected cost.
Derivative of 2x
A property sold for $745,000 in a co-brokered transaction. The seller has agreed to pay a 7% commission to the listing firm. The listing firm has agreed to equally split the commission with the selling firm. If the buyer’s broker will receive 8% of the selling firm’s commission, how much commission will the buyer’s broker receive? $14,900 $3725 $$37250 $18625
Read the “Local Communities as Stakeholders: Does Amazon Really Need Tax Breaks?” example on p. 83 in Ch. 3 of Management: A Practical Introduction. In your response, discuss whether you feel that tax breaks for big companies benefit local communities. Describe ways to attract business to a region without having a negative impact on the larger community.
did an analysis of dropout from the nursing faculty at the Universidad Veracruzana. With a poblation of 122 students, it turned out that according to the gender data, the female sex predominates with 82%, and the male sex male is found with 12%. The main factors why students drop out are, first of all, "Not "re-enrolled" at 49%, second place "Personal reasons" at 20%, third place "change of school" in 11%, "lack of documents" and "economic reasons" in 7%, change of residence and lack of social service in 3%. Of this sample, how many students dropped out for other reasons?
Hola👋🏻 Toca en "Crear Nueva Tarea" para enviar tu problema de matemáticas. ¡Uno de nuestros expertos comenzará a trabajar en ello de inmediato!