Answer:
12
Step-by-step explanation:
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:
you can buy 4 bags of grapes with $12.
Step-by-step explanation:
Hope this helps :)
Answer: When they work 10 hours each, they both make $300.
kelli y = 20x + 100
karl y = 25x + 50
substitution:
y = 20x + 100
25x + 50 = 20x + 100
-20x -50 -20x -50
--------------------------------
5x = <span>50
</span>5 5
x = 10
(Then plug into any equation)
y = 25x + 50
y = 25(10) + 50
y = 300
When they work 10 hours each, they both make $300.
