The answer and work is in the SS below
Answer:
6%
Step-by-step explanation:
We have to calculate the interest rate in the note, we must follow the following steps, calculate the amount of time remaining from the year 2021, as follows:
interest is for 5 months i.e. from Aug 01 to Dec 31 for year 2021
, so it means it would be 5/12 months.
We have to calculate the interest as follows:
I = P * R * T
We replace:
200 = 8000 * R * 5/12
we solve for R
200 * 12/5 = 8000 * R
R * 8000 = 480
R = 480/8000
R = 0.06
Which means that the interest rate on the note is 6%
Answer:
You would usually use 3.14
Step-by-step explanation:
It kind of depends on where you are using it. In an equation, pi would be used as 3.14 and the answer would be approximated. To write it anywhere else (I dont know where else you would though), you would do the pi symbol. I hope this helps.
