Answer:
R = 148.6111%/year
Equation:
r = (1/t)(A/P - 1)
Calculation:
Solving our equation:
r = (1/4)((1500/216) - 1) = 1.48611111
r = 1.48611111
Converting r decimal to R a percentage
R = 1.48611111 * 100 = 148.6111%/year
The interest rate required to get a total amount, principal plus interest, of $1,500.00 from simple interest on a principal of $216.00 over 4 years is 148.6111% per year.
Answer:
24
Step-by-step explanation:
in one hour he can serve 12, hence 12x2=24
distribute -9 to 2.7 and 1.55
-9x2.7= -24.3
-9x1.55= -13.95
then subtract -13.95 from -24.3
-24.3-(13.95)= -10.35
then add 3 to -10.35
answer= 7.35