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 equation of a line passing through the point (2, 5) with a slope of -3?
+
What is the dot product of vectors v = (3, 2, -1) and w = (-4, 1, 6)?
+
What is the y-intercept of the linear function f(x) when f(x) = x?