The annual interest rate is 3.5%.
Solution:
Given Interest (I) = $26.25
Principal (P) = $500
Time (t) = 18 months
Rate of interest (r) = ?
Time must be in years to find the rate per annum.
1 year = 12 months
Divide the time by 12.
Time (t) =
years
Now, find the rate of interest using simple interest formula.
<u>Simple interest formula:</u>






⇒ r = 3.5%
Hence the annual interest rate is 3.5%.
37 * 48 = 3 * (c - 140 )+ 2 *(c - 140 ) + ( c - 140 ) =>
37 * 48 = 6 * ( c - 140 ) =>
37 * 48 / 6 = c - 140 =>
37 * 8 = c - 140 =>
296 = c - 140 =>
c = 296 + 140 =>
c = 436 ounces.
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Step-by-step explanation:
624 divided by 8 = 78
Answer:
Step-by-step explanation:
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