R = 8.5%/year
Equation:
r = (1/t)(A/P - 1)
Calculation:
Solving our equation
r = (1/2)((20475/17500) - 1) = 0.085
r = 0.085
converting r decimal to a percentage
R = 0.085 * 100 = 8.5%/year
The interest rate required to get
a total amount, principal plus interest, of $ 20,475.00
from simple interest on a principal of $ 17,500.00
over 2 years is 8.5% per year.
Answer:
C
Step-by-step explanation:
We want to find the total, which is 15. This crosses out A and B.
Also there are 3 x that makes a total of 15, (3x is x copied 3 times, not 3 + x), this crosses out D.
The only option left is C.
Well 1 minutes is 60 secounds so yes it is it is 300 secounds
6x thats thats the answer
