Answer:
The annual interest rate is 6.25%
Step-by-step explanation:
We have been given that
P = $50,000
I = $9,375
t = 3 years
r = ?
The formula for simple interest is given by

Therefore, the annual interest rate is 6.25%
Answer:
0.077
Step-by-step explanation:
Marco can divide 77 by 1000 to convert it to dekagrams
There are 0.077 decagrams per 77 centagrams
Answer:
The total cost is $34.24.
Step-by-step explanation:
Given : Bob is looking to buy a new baseball cap with his favorite team’s logo on it. He finds one that normally sells for $32. If a 7% sales tax is added.
To find : What is the total cost?
Solution :
The sales price = $32
The tax rate = 7%=0.07
The sales tax is given by,



Now, adding to sales price
Total cost = 32+2.24
Total cost = $34.24
Therefore, the total cost is $34.24.