Answer:
9.5%
Step-by-step explanation:
Use the formula I = Prt
I is the interest (unknown), P is the principal (1000), rate is the percent (unknown), and t is time in years (9/12).
9 months is a fraction of a year. There are 12 months in a year, so our fraction is 9/12. You can reduce this fraction by dividing by 3. The fraction reduced is 3/4. You can also use the decimal which is .75.
First we need to solve how much interest we earned. 1071.25 is the balance, so we need to subtract the principal from the balance.
1071.25 - 1000 = 71.25
Plug the numbers in to the formula. We are solving for r.
71.25 = 1000(.75)r
71.25 = 750r
71.25/750 = 750r/750
r = 0.095
Convert the decimal to a percent by moving the decimal two places right.
0.095 = 9.5%
Answer:
15/24 and 14/24
Step-by-step explanation:
24 being the total of girls over the total of students.
the remaining girls will be 14 over the total students
Answer:
The interest for the two years is Rs 51.
Step-by-step explanation:
Rate, R = 4 %
Compound interest for 1 year = Rs 25
Let the sum is P.
For first year,
For 2 year
Interest is
Interest = Rs 676 - Rs 625 = Rs 51
