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%
Question 5
1 answer:
Answer:
Step-by-step explanation:
To find this probability, we have to know:
- How many numbers are there in between 5 and 8 inclusive?
- How many total numbers are there?
We simply divide the first answer by the second one and get our probability.
So, the numbers are 5,6,7,8 ----- that is 4 numbers
How many numbers are there in total? That is:
0, 1, 2, 3, 4, 5, 6, 7, 8, or 9 ------- 9 numbers
Thus, the probability is 4/9
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