3 years ago

Which of the following is an example of exponential growth?

Mathematics

1 answer:

Effectus [21]3 years ago

5 0

Answer:

Step-by-step explanation:

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If $1600 earned simple interest of $56.24 in 2 months, what was the simple interest rate? The simple interest rate is % (Do not

Fiesta28 [93]

Answer:

$\$21.1$

Step-by-step explanation:

We know that for principal amount P , time period T and rate of interest $R\%$ , simple interest is given by $S.I. = \frac{P\times R\times T}{100}$ .

Here ,

$P=\$1600\\T=2\,\,months=\frac{2}{12}\,\,years=\frac{1}{6}\,\,years\\S.I=\$56.24$

To find : simple interest rate i.e., $R\%$

On putting values of $P\,,\,T\,,\,S.I$ in formula , we get $S.I. = \frac{P\times R\times T}{100}$

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Now we need to round off the answer to the nearest tenth .

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Step-by-step explanation:

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