calculate the rate of return that santander bank grants to mr patricio if the latter invests 335 000 pesos for a period of
Question
Calculate the rate of return that Santander Bank grants to Mr. Patricio, if the latter invests $335,000 pesos for a period of 5 years, and receives interest in the amount of $170,000 at the end of the term.
75
likes
373 views
Answer to a math question Calculate the rate of return that Santander Bank grants to Mr. Patricio, if the latter invests $335,000 pesos for a period of 5 years, and receives interest in the amount of $170,000 at the end of the term.
1. Identificar los valores iniciales: P = 335,000 I = 170,000 t = 5
2. Usar la fórmula de la tasa de interés simple: r = \frac{I}{{P \cdot t}}
3. Sustituir los valores en la fórmula: r = \frac{170,000}{{335,000 \cdot 5}}
4. Calcular el valor de \( r \): r = \frac{170,000}{1,675,000} = 0.1015
5. Convertir la tasa de decimal a porcentaje: r = 0.1015 = 10.15\%
\textbf{Respuesta: } 10.15\%
Frequently asked questions (FAQs)
What is the value of \(f(x)\) when \(x = 10\) in the function \(f(x) = \frac{\log x}{\ln x}\)?
+
What is the measure, in degrees, of an equilateral triangle's each angle?
+
What is the slope-intercept equation of a line passing through (2, -5) with a slope of 3?