42 gal is how many Liters
2 answers:
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The formula for calculating the simple interest is given by
Here, P = Principle amount
r = annual interest rate in decimal
t = time in years.
Now, if we invest for months or week then in order to find the simple interest, we must convert the units in years.
Therefore, d is the correct option.
d) Interest rates are annual, so you must convert the units into years.
see the attached figure to better understand the problem
we know that
if OP ll LN
then
by proportion
we have that
substitute
therefore
<u>the answer is</u>
The value of y is
