Answer:
5%
Step-by-step explanation:
Given that:
Principal = $3000
Simple Interest paid = $600
Period = 4 years
Simple interest = principal * rate * time
$600 = $3000 * rate * 4
$600 = $12000 * rate
Rate = $600 /$12000
Rate = 0.05
Hence, simple interest rate paid = (0.05 * 100%) = 5%
The area of a rectangle can be calculated by the product of its length and the width. Here we are given the area and the length so we can simply calculate for width. The perimeter is the sum of all the side lengths of the shape. We calculate as follows:
Area = lxw
1/6 = 1.5w
w = 1/9
Perimeter = 2l + 2w
Perimeter = 5/9
Hope this answers the question. Have a nice day.
Answer:
Did you ask a question? I just checked your profile to see if you posted any but i dont see anything except this
Step-by-step explanation:
Hello :
<span>3x²+12x+6=0
3(x²+4x +2) =0
x²+4x+2 = 0
(x²+4x+4)-4+2 = 0
(x+2)² = 2
p=2 and q=2</span>
Answer: he should invest $16129 today.
Step-by-step explanation:
Let $P represent the initial amount that should be invested today. It means that principal,
P = $P
It would be compounded annually. This means that it would be compounded once in a year. So
n = 1
The rate at which the principal would be compounded is 7.6%. So
r = 7.6/100 = 0.076
The duration of the investment would be 6 years. So
t = 6
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years.
A = 25000
Therefore
25000 = P(1+0.076/1)^1×6
25000 = P(1.076)^6
25000 = 1.55P
P = 25000/1.55
P = $16129
