1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AveGali [126]
2 years ago
5

A fixed deposit receipt initiallypurchased for #1,500,000 for 4years has a maturity value of #1,300,000. What is the simple inte

rest rate per year?​
Mathematics
1 answer:
Arturiano [62]2 years ago
6 0

Answer:

11 3/13% per annum

Step-by-step explanation:

to find rate= 100×simple interest ÷ (principal ×time)

simple interest=total amount - principal

=1,500,000-1,300,000

=200,000

=200,000 ×100÷ 1,300,000×4

=3 11/13% per annum

You might be interested in
Which ordered pair is the solution to the system of equations?
Tcecarenko [31]
The best way to answer this item is to use the Substitution method. Substitute the value of y from the first equation to the y of the second equation such that the second equation becomes,

     -4x + 3(x - 4) = -3

Simplifying the equation,
    -x = 9

Dividing both sides by -1 gives an answer of,
   <em>x = -9</em>

Then, substitute the value of x in the first equation.
    y = -9 - 4
   <em> y = -13</em>

The answer to this item is letter B. 


6 0
3 years ago
Read 2 more answers
A car is traveling at a speed of 30 meters per second. What is the car's speed in kilometers per hour? How many kilometers will
vitfil [10]

Answer:

216,000

Step-by-step explanation:

3 0
2 years ago
Given a function, describe how to find the average rate of change over a given interval.
icang [17]

Answer:

To find the average rate of change, we divide the change in the output value by the change in the input value. The Greek letter Δ (delta) signifies the change in a quantity; we read the ratio as “delta-y over delta-x” or “the change in y divided by the change in x”.

8 0
3 years ago
Read 2 more answers
A loan of 900 will be repaid in 36 installments of 30.22what is the finance charge of the loan
Ivanshal [37]
The cost of renting their money is $187.92 . The interest rate is about 14%.
5 0
3 years ago
F(x)=3x-6<br> how do I figure this out
vitfil [10]
F(x) = 3x-6
add 6 to each side
6=3x
dived each side by 3
2=x
3 0
4 years ago
Read 2 more answers
Other questions:
  • How many seeds in a watermelon if you cut it in 7 peaces​
    5·2 answers
  • Given that the slope of a line is 1/3, what is the slope of a line that is pependicular to it ?
    5·1 answer
  • The function f(x) is shown on the graph.
    8·1 answer
  • Assignment
    15·2 answers
  • Identify the value for the variable. What is the value of x in this simplified expression? 7-9 · 7-3 = 7x
    13·2 answers
  • What is -8/9-1? (negative eight over nine minus one)
    14·1 answer
  • 8/66<br> A.)7 <br> B.)8<br> C.)7 remainder of 2 <br> D.)8 remainder of 2
    5·2 answers
  • AC has endpoints<br> A(3,7) and C(6,11).<br> Find AB if B is the<br> midpoint of AC.
    11·1 answer
  • A bond with an annual coupon rate of 4.8% sells for $970. what is the bond’s current yield?
    6·1 answer
  • Someone took the elevator down 2 floors to the basement. would it be positive/negative?
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!