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%
your lunch and your friend steve's lunch cost 19.00. Your lunch was 3.00 more than steve's lunch. How much was steve's lunch?
2 answers:
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Just plug in the values for m
so the possible values for k are
when m=5
when m=7
when m=9
so the possible values for k are {4,5,6}
so the possible values for k are
when m=5
when m=7
when m=9
so the possible values for k are {4,5,6}