Dr. Bell wants to borrow $5000 for home improvements. He doesn't want to pay more than $250.00 in interest. Find the longest time for which the money may be borrowed if the interest rate is 6% per year. Round to the nearest month. If $3500 earned simple interest of $153.13 in 7 months, what was the simple interest rate? Round the nearest hundredth of a percent (meaning find the percent first then round to 2 decimal places to have an answer like 12.34). Megan Hughes deposits $4900 in an account that pays simple interest. When she withdraws her money 8 months later, she receives $5226.67. What rate of interest did the account pay? Round to the nearest whole percent. Hint: Find the amount of interest was earned using the given dollar values.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Dr. Bell wants to borrow $5000 for home improvements. He doesn't want to pay more than $250.00 in interest. Find the longest time for which the money may be borrowed if the interest rate is 6% per year. Round to the nearest month.
If $3500 earned simple interest of $153.13 in 7 months, what was the simple interest rate? Round the nearest hundredth of a percent (meaning find the percent first then round to 2 decimal places to have an answer like 12.34).
Megan Hughes deposits $4900 in an account that pays simple interest. When she withdraws her money 8 months later, she receives $5226.67. What rate of interest did the account pay? Round to the nearest whole percent. Hint: Find the amount of interest was earned using the given dollar values.
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