Chapter 7: Problem 65
Convert the given fraction to a percent. $$ \frac{6}{5} $$
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Chapter 7: Problem 65
Convert the given fraction to a percent. $$ \frac{6}{5} $$
These are the key concepts you need to understand to accurately answer the question.
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A business owner borrows $$\$ 3,200$$ for 6 months. At the end of the 6 -month loan period, the interest owed is $$\$ 96$$. What was the simple yearly interest rate (as a percent)?
The balance on a 8-year loan is $$\$ 4,422$$. If the principal borrowed was $$\$ 3,300$$, what was the simple interest rate (as a percent)?
Suppose that $5,200 is invested at 3.5% simple interest per year. What will the balance be after 2 years?
In an election for class president, the vote distribution among three candidates is shown in the following table. $$ \begin{array}{c|c} \text { Candidate } & \text { Votes } \\ \hline \text { Bernardo } & 38 \\ \text { Fernando } & 49 \\ \text { Aisha } & 44 \\ \hline \end{array} $$ Use a protractor to help create a pie chart showing the distribution of votes.
A business owner borrows $2,400 for 4 months at a 8.25% per year simple interest rate. At the end of the 4-month loan period, how much interest is owed?
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