A vet borrows $12,000 for 4 years. The total interest paid was $960. What was the interest rate on the loan?

Answers

Answer 1

Answer:

2% per year.

Step-by-step explanation:

Solving our equation

r = 960 / ( 12000 × 4 ) = 0.02

r = 0.02

converting r decimal to a percentage

R = 0.02 * 100 = 2%/year

The interest rate required to

accumulate simple interest of $ 960.00

from a principal of $ 12,000.00

over 4 years is 2% per year.


Related Questions

7/10-1/6 answer in fraction

Answers

Answer:

8/15

Step-by-step explanation:

7/10 = 21/30

1/6 = 5/30

21/30-5/30 = 16/30=8/15

Answer:

32/60

Step-by-step explanation:

7/10-1/6

6 and 10 can both go into 60 so you do

10x6 and 6x10 u get 60 as the denominator now you have to multiply the same for the numerator and you get 10/60 and 42/60 now subtract

42-10= 32

32/60

A classroom had 35 glue sticks.If the ratio of glue sticks to glue bottles was 5:2 how many glue bottles did the classroom have​

Answers

Answer:

14

Step-by-step explanation:

35÷5=7

2×7=14

hope this helps

Answer:

14

Step-by-step explanation:

35÷5=7

7×2= 14

ya welcome

Only questions 2, 3, 6, 11, 12, 13 fifth grade

Answers

Answer:

zoo wee mama

Step-by-step explanation:

2-8.172                                                                                                                         3-172 r1                                                                                                                      6-1.04                                                                                                                         11-5/2                                                                                                                        12-1 1/2                                                                                                                       13-16 1/3                                                                                                                       yw!

Zak ears a fixed salary of $3,100 per month plus 2.65%
commission on the amount of his sales at a men's clothing
store. What would Zak earn this month if he sold $9,000
in clothing?

Answers

Answer:

$3100 base

9000 x .0265= 238.50 in commissions.

total of 3100+238.50= $3338.50

Please simplify 289/270

Answers

Answer:

1 19/270!

Step-by-step explanation:

Anywho If you need to simplify this stuff, Go to M.athway! It helps you simplify and other things!

a spectre is viewing the six cars of a roller coaster as it travels down a hill at an amusement park. What is the closest to the total length of the six cars​

Answers

Answer:

your answer will be Option D.32.5 ft

Step-by-step explanation:

hope it helps you!!

!!!NOT A QUESTION, I NEED ADVICE!!!

So I am a freshman student, and in like two weeks, I have PSAT testing. (I think that is the name) I have never taken the test before, and I am super nervous. I have good grades because it was easier being an online student this year, but if I fail the PSAT testing, could I get held back?! What would happen if I did bad on the test?! AAA I’M SCARED...HELP!! ;-;

Answers

Answer:

ight so PSAT means pre-SAT. it doesn't affect your grade. an it don't affect yo chances of getting into college. they wanna see where errybody at, you still wanna do yo best. its preparing you for the SAT i took the psat when i was in 8th grade an they want you to take that shi seriously. buh dont stress about it. they give you plenty of time. im in 10th. buh you finna do great you jus gotta trust in yoself

Natalia buys a stamp priced at $51.00. The sales tax rate is 4.2%.
What is the tax amount to the nearest cent?


please answer this :,)

Answers

Answer:

$53.14

Step-by-step explanation:

$51.00+4.2%

53.14200

round:53.14

if the domain of the function f(x)=2x^2-8 is {-2,3,5}, then the range is

Answers

Answer is in the file below

tinyurl.com/wpazsebu

Solve the system of linear equations by substitution.
6x - 9 = y
y=-3x

Answers

Point Form: ( 1 , − 3 )

Equation Form: x = 1 , y = − 3

Step-by-step explanation: Solve for the first variable in one of the equations, then substitute the result into the other equation.

Brainliest or a thank you please! have a great day/night

Point from (1, 3)

Equation form: x = 1 , y=-3

[tex]x^{2} +30x-60000[/tex]

Answers

Step-by-step explanation:

hello , can you please tell us what the equation is asking you to do . this way we can help you properly

Solve for x.
x^2 + 6x + 9 = 12
x= -3+2V3
x = -3+4V3
x= -9 + 4V3
x=-9 + 2V3

Answers

Answer:

5. x=2v^3-9 and 2.x=3 + 2v3

How you use the Pythagorean theorem in 3D.

Answers

Answer:

If the base of the prism has dimensions x and y, and the diagonal along the base is represented by c, then x² + y² = c². The longest diagonal in the solid, s, is the hypotenuse of the triangle formed by the sides c and the height of the solid, z. So we know that, c² + z² = s².

Step-by-step explanation:

The official all-time high temperature in Osoyoos, B.C., was 43°C in July 1998. The official all-time low temperature was –21°C in February 1996. What is the difference between the two temperatures? Please show all your work.

Answers

Answer: 64°C

Step-by-step explanation:

Official all-time high temperature = 43°C

Official all-time low temperature = –21°C

The difference between the two temperatures will be calculated by subtracting the low temperature from the high temperature. This will be:

= 43°C - (-21°C)

= 43°C + 21°C

= 64°C

4% of what is 25
I need the answer

Answers

the answer is 1 so sorry if it’s wrong

Kelvin divides 3 pieces of paper into fourths. How many fourths does he have? Draw a picture to support your answer.

Answers

Answer:

12 fourths

Step-by-step explanation:

Draw 3 rectangles and split each of them into fourths. Count them and you'll get 12 fourths.

3 x 4 = 12

Hope this helps :D

I'm begging you. Please help me. Its 12:23 at night and these are the last problems. I am BEGGING you. PLEASE don't steal these points, or put in a fake link.

Answers

Step-by-step explanation:

First answer I hope it will help

A supermarket has a length of 150 feet.the area of the supermarket is 1,350 feet squared.what is the width of the supermarket

Answers

Answer:

1,500

Step-by-step explanation:

csc(x) = 2
solve this

Answers

Answer:

mathpapa.com

Step-by-step explanation:

What is the area of the triangle below (in square units)?
2 mm
14 mm

Answers

Answer:

A = 14 mm²

Step-by-step explanation:

The area (A) of a triangle is calculated as

A = [tex]\frac{1}{2}[/tex] bh ( b is the base and h the height )

Here b = 14 and h = 2 , then

A = [tex]\frac{1}{2}[/tex] × 14 × 2 = 7 × 2 = 14 mm²

In the accompanying diagram, the legs of right angle triangle abc are 4 and 3 the hypotenuse is 5 what is the value of tan a

Answers

can you please explain a little more i’m not fully understanding

Answer:3/5

Step-by-step explanation:

Find the length of side x in simplest radical form with a rational denominator.

Answers

Answer:

x = 1.58

Step-by-step explanation:

base = X

hypotenuse = 5

cos 45° = base / hypotenuse

1/2 = X / 5

X = 5 / 2

X = 1.58

What is the degree of the polynomial below?
x ^6 +3 - 2x^2 + 4x^7 - 4x
O A. 7
O B. 6
C. 5
D. 4

Answers

The correct answer is A. 7.

If 2x – 7y = 10 is a true equation, what would be the value of 2 + 2x – 7y?

Answers

Answer:

I believe that would be 12 because

Step-by-step explanation:

if 2x - 7y = 10

then if you were to add two to that it would be 12

PLEASEEEE HELPPPPPP!!!!

Answers

Answer:

Step-by-step explanation:

LOL even I dont know

The equation that describes the relationship is y =

Answers

I just need point tbh so thanks !!

Answer:

Y=4/6X ( or u can write it as Y=1.5X) .

Hope it was helpful for you .

Gabe bought 4 books about animals, 2 books about outer space, and 3 books about trains. Each book cost \$5 . How much did Gabe spend on the books?

Answers

Answer:

45$RsAmountjjfjjdjehsvebhehehe

a polygon with 189 diagonals is called​

Answers

Answer:

189 diagonals have 21 sides.

it is called hectogan take care

what is compound interest?​

Answers

Answer:

Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.

Step-by-step explanation:

Please help PLEASEEEEEEEEE ​

Answers

Answer:

15

Step-by-step explanation:

You know that it takes 3 mins for 45 sit-ups so then you wanna find how much for 1 minute. It shows 3 mins which is 3 times as much as 1 minute. There, 3/3 = 1. then you have to do it with the sit-ups too. so 45/3 = 15

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