Answer:
3.2%
Step-by-step explanation:
The computation of the annual rate of interest is shown below:
As we know that
Simple interest = Principal × rate of interest × time period
($1,857.60 - $1,800) = $1,800 × rate of interest × 1
$57.60 = $1,800 × rate of interest × 1
So, the rate of interest is
= $57.60 ÷ $1,800 × 100
= 3.2%
Hence, the rate of interest on annual basis is 3.2%
2.2x and 4.4 have a GCF of 2.2. So, you can factor that out like so:
2.2x+4.4 = 2.2*x+2.2*2 = 2.2(x+2)
Hope this helps!
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