6% or 0.06 is the simple interest rate the bank pays him.
<u>Step-by-step explanation:</u>
Sir Ving Spoon earned $5,436 on his $7,550 certificate of deposit.
From this given information,
It can be determined that the Principal amount is $7550 and the interest amount is $5436.
The CD is for 12 years. Therefore, the number of years is 12.
<u>To find the interest rate (r) :</u>
Using the simple interest formula,
Interest = P×r×t
where,
- P is the principal amount = $7550
- r is the rate of interest.
- t is the number of years = 12
⇒ 5436 = 7550 × r × 12
⇒ 5436 = 90600 × r
⇒ r = 5436 / 90600
⇒ r = 0.06
Multiply by 100 to represent in rate %
⇒ r = 0.06 × 100
⇒ r = 6%
∴ 6% or 0.06 is the simple interest rate the bank pays him.
3.14 inches <span>is the length of the inscribed arc
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Answer:
In year 1986 the average cost of car is $12,000
Step-by-step explanation:
Cost function:
C = 30.5t² + 4192
Cost = $12,000
Find:
Year
Computation:
C = 30.5t² + 4192
12,000 = 30.5t² + 4192
t = 16 year
So,
Year 1970 + 16 year
1986
So, In year 1986 the average cost of car is $12,000
1. yes
2. yes
3. yes
4. no
yw :)
Answer:
It's B) 60
Step-by-step explanation: Just look at the similar one above T.
