Ask question

Ask question

All categories

1 year ago

13

What is the meaning of Interest rate

2 answers:

blagie [28]1 year ago

5 0

Answer:

See below

Step-by-step explanation:

An interest rate is basically a percentage of principal charged by the lender for the use of its money, and it is paid via simple interest (usually in an annual period). That principal is the amount of money loaned.

For example, you may have seen a 1.5% annual interest rate, or something like that. This means that if your principal was $5000, let's say, you would have to pay $5000 * 0.015 = $75 in interest per year.

Dafna11 [192]1 year ago

3 0

Answer:

Interest rate is a proportion of a loan rewarded as interest to the borrower, usually expressed as an annual percent of the current loan.

You might be interested in

Simplify the expression. helppp me plz do it right<br> (xy)3·(–3x4y2)

klemol [59]

I suggest you get photo math

7 0

3 years ago

Read 2 more answers

The organization sent

ValentinkaMS [17]

Answer:

<h2>The percentage of the people invited attended the fundraising event is <u>6</u><u>9</u><u>.</u><u>3</u><u>3</u><u>%</u>.</h2>

Step-by-step explanation:

To find the percentage of those who attended the fundraising event, simply divide the number of attendees to the total number invited.

$\frac{416}{640} = 0.69333333 = \boxed{69.33\%}$

7 0

3 years ago

If a right triangle has a hypotenuse of 12 cm and one leg that measures 9 cm, find the length of the other leg.

otez555 [7]

By Pythagoras Theorem,
the length of the other leg= (12^2-9^2)^1/2
hope this helps

6 0

3 years ago

What does A+5=-5a+5 equal

gladu [14]

0/6 is your answer...

3 0

3 years ago

Stephen evaluated (6.34 times 10 Superscript negative 7 Baseline) (4.5 times 10 Superscript 3 Baseline). His work is shown below

Maksim231197 [3]

Answer:

The step 4 and 5 describe the errors Stephen made.

Step-by-step explanation:

Given : Stephen evaluated $(6.34\times 10^{-7})(4.5\times 10^3)$ . His work is shown below.

To find : Which two statements describe the errors Stephen made?

Solution :

Step 1 - $(6.34\times 10^{-7})(4.5\times 10^3)$

Step 2 - $(6.34\times 4.5)(10^{-7}\times 10^3)$

Step 3 - $(28.53)(10^{-4})$

Step 4 - $28.53\times 10^{4}$

Error is the step as 4 sign is negative.

So correct step is $28.53\times 10^{-4}$

Step 5 - $28.53\times 10^{3}$

Error is the step as there is 4 in place of 3.

So correct step is $28.53\times 10^{-4}$

The step 4 and 5 describe the errors Stephen made.

7 0

3 years ago

Read 2 more answers