Answer:
B)
Step-by-step explanation:
Answer:
b. interest rate per period
Step-by-step explanation:
We know that
Annual interest rate is APR or (r)
Po is initial amount
n is number of periods
t is time in years
A is the amount after t years
so,
i is the interest rate per period
Hence ,
answer is
i is the interest rate per period
The cost of the car is $27,546
<h3>How to calculate the cost of the car ?</h3>
The sales tax is 7%
Jorge bought a ford mustang having a sales tax of $1,928.22
Therefore the cost of the car can be calculated as follows
7/100 = 0.07
1928.22/0/07
= 27,546
Hence the cost of the car is $27,546
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Answer:
The rate of simple interest is 25.89 %
Step-by-step explanation:
Given as :
The principal = $2350
The Amount = $2500
The time period = 90 days = year = 0.2465 year
Let The rate of interest = R %
So, Interest = Amount - Principal
Or, Interest = $2500 - $2350 = $150
<u>From Simple Interest method </u>
Simple Interest =
Or, $150 =
or, $150 × 100 = $579.275 × Rate
So, Rate =
∴ Rate = 25.89 %
Hence The rate of simple interest is 25.89 % Answer