Based on the calculations, the interest rate on the stock in four (4) years is equal to 7.1%.
<u>Given the following data:</u>
Amount borrowed (Principal) = $22,000.
Simple interest, I = $78.40.
Time = 4 year.
To determine the interest rate on the stock in four (4) years:
<h3>How to calculate simple interest?</h3>
Mathematically, simple interest can be calculated by using this formula:
I = PRT
<u>Where:</u>
- S.I is the simple interest.
- P is the principal or starting amount.
- T is the time measured in years.
Making R the subject of formula, we have:
R = I/PT
Substituting the given parameters into the formula, we have;
R = 6260/(22,000 × 4)
R = 6260/(88,000)
Interest rate = 0.071 = 7.1%.
Read more on simple interest here: brainly.com/question/24341207
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Answer:
20%
Step-by-step explanation:
Answer: positive I think
Step-by-step explanation:
Silvia has to score a 101 to get an average of 90 for all four tests.
Explanation: 90=(86+81+92+x)/4
360=259+x
101=x
Answer:
x = 3/4
Step-by-step explanation:
It usually works well to collect terms first. (Add the coefficients of x.)
-4x +x = -9/4
(-4+1)x = -9/4
-3x = -9/4 . . . . . . equation with terms collected
Now, you can divide by the coefficient of x. Here, it can be useful to consider this to be the same as multiplying by the inverse of that coefficient, which inverse is -1/3.
(-1/3)(-3x) = (-1/3)(-9/4) . . . . . multiply both sides by -1/3
x = 3/4 . . . . . simplify
