Answer:
interest rate = 2.9%
Step-by-step explanation:
the principal is $25,000, the interest is $10,875
Number of years = 15
We use simple interest formula
I = P*r*t
Where I is the interest amount=10,875
P is the principal amount= 25000
r is the interest rate = r
t is the number of years = 15
Plug in all the value in the formula
I = P*r*t
10875 = 25000 * r * 15
10875 = 375000 * r
Divide both sides by 375000
r=0.029
We always write rate of interest in percentage so we multiply by 100
0.029 * 100= 2.9%
So interest rate = 2.9%
Answer: Stay the same, 100
Step-by-step explanation: well 7%-7% still equals zero. So it’s not effected, I think.
lol
Step-by-step explanation:
1.609/5280 = 3.2/x....1.609 km to 5380 ft = 3.2 km to x ft
cross multiply because this is a proportion
(1.609)(x) = (5280)(3.2)
1.609x = 16896
x = 16896/1.609
x = 10,500 ft <===
