Answer:
I believe the answer would be answer choice 'A'.
Answer:
20
Step-by-step explanation: multiply
Answer:
To see if multiple ratios are proportional, you could write them as fractions, reduce them, and compare them. If the reduced fractions are all the same, then you have proportional ratios.
Step-by-step explanation:
Answer:
R = 0.8333%/month
(R = 9.9996%/year)
Equation:
r = (1/t)(A/P - 1)
Calculation:
Solving your equation:
r = (1/4)((8267.7/8001) - 1) = 0.00833333
r = 0.00833333
Converting r decimal to R a percentage
R = 0.00833333 * 100 = 0.8333%/month
Calculating the annual rate
0.8333%/month × 12 months/year = 9.9996%/year.
The interest rate required to get a total amount, principal plus interest, of $8,267.70 from simple interest on a principal of $8,001.00 over 0.333333 years (4 months) is 0.8333% per month.
