Bill works as a waiter and is keeping track of the tips he earns daily. About how much does Bill have to earn in tips on Sunday
if he wants to average $22 a day? A graph titled Tips by Day has day on the x-axis, and tips (dollars) on the y-axis. Monday, 14; Tuesday, 12; Wednesday, 13; Thursday, 25; Friday, 32; Saturday, 30. a. $14 b. $22 c. $28 d. $36
2 answers:
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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%