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)
What is the solution set (x, y) for the inequality system: 2x + 3y < 10 and x - 2y > 3 when graphed?
+
What is the formula to find the measure of an angle in a triangle when two sides are known?
+
Math Question: Use the distributive property to factorize 5x(2y + 3z) - 4x(y - 2z). Simplify.
+
New questions in Mathematics
How to find the value of x and y which satisfy both equations x-2y=24 and 8x-y=117
-6n+5=-13
Since one of the three integers whose product is (-60) is (+4), write the values that two integers can take.
2x-y=5 x-y=4
Kayla has $8,836.00 in her savings account. The bank gives Kayla 5%of the amount of money in account as a customer bonus. What amount of money does the bank give Kayla? Justify your answer on a 6th grade level.
Identify a pattern in the list of numbers.Then use this pattern to find the next number. 37,31,25,19,13
Pedro had 80% of the amount needed to buy a game. Of this amount, you spent 15% on a watch and therefore, you will need to add another R$640.00 to purchase this game. Is the value of the game?
In a grocery store, when you take out 3 peppers and 4 carrots, there are 26 peppers and 46 carrots left. How many peppers and carrots were there initially?
Determine the general equation of the straight line that passes through the point P (2;-3) and is parallel to the straight line with the equation 5x – 2y 1 = 0:
A person decides to invest money in fixed income securities to redeem it at the end of 3 years. In this way, you make monthly deposits of R$300.00 in the 1st year, R$400.00 in the 2nd year and R$500.00 in the 3rd year. Calculate the amount, knowing that compound interest is 0.6% per month for the entire period. The answer is 15,828.60
TEST 123123+1236ttttt
Buffalo Company makes and sells shampoo. Each unit requires $1.40 labor costs, material costs per unit are $0.90 and other variable costs are $0.30. It sells shampoo for $4.45 to retailers. Fixed costs are $15,000. It sold 25,000 units in the current month. What is the Break-Even point in units? What is the Break-Even point in dollars? What is the contribution margin of Buffalo Company?
Express the trigonometric form of the complex z = -1 + i.
In measuring the internal radius of a circular sewer the measurement is 2% too large. If this measurement is then used to calculate the circular cross-sectional area of the pipe: Determine, by using the binomial theory, the percentage error that will occur compared to the true area.
5x+13+7x-10=99
A building lot is in the shape of a triangle with a base of 133 feet and a height of 76 feet. What is it's area in square feet?
simplify w+[6+(-5)]
16-(xΒ²+x+2)Β²
Define excel and why we use it?
A gas is leaking at 3.5ft3/min in a room of 2.9m by 6.9ft by 15.7m. How long would it take (in seconds) for 22% of the room to reach the LFL, if the gas has a LFL of 2.51%?