I set Jon an equation and solved for number of hours
Answer:
How to Calculate a Rate. "Rate" simply means the number of things per some other number, usually 100 or 1,000 or some other multiple of 10. A percentage is a rate per 100. Infant mortality rates are calculated per 1,000.
Step-by-step explanation:
Answer:
Below.
Step-by-step explanation:
It is a polynomial of degree 3.
F(t)= $100 x h + 300 A reasonable domain is (1,2,3) and the range is ($400,$500,$600)
I = p * r * n
i is the interest
p is the principal
r is the interest rate per time period
n is the number of time periods.
in your problem:
i = 900
p = 2000
r = what you want to find
n = 3 years
formula becomes 900 = 2000 * r * 3
solve for r to get r = 900 / 2000 / 3 = .15
that's .15 interest rate per year = 15% per year.
at a nominal interest rate of .15 per year, the interest rate per month would be .15/12 = .0125 per month.
the remaining balance at the end of 6 month is equal to 1907.140183
