2100/1 or 4200/2, could be either
The owners intend to store machinery in the undercover storage is a wise idea as it will not be exposed to too much sunlight or water damage.
<h3>What is seem as a machinery?</h3>
Machinery is known to be any kind of mechanical, electrical, or electronic tool that has been set up to carryout some basic function.
Note that The owners intend to store machinery in the undercover storage is a wise idea as it will not be exposed to too much sunlight or water damage and as such it is advisable only in some cases.
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234,457.71
234,457.72
234,457.73
234,457.74
234,457.75
234,457.76
234,457.77
234,457.78
234,457.79
<h3>Y
ou have the correct answer</h3><h3>Interest rate = 21.5%</h3>
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Work Shown:
i = P*r*t .... simple interest formula
i = simple interest
i = 2075-1000 = 1075
P = 1000 = amount borrowed (principal)
r = unknown interest rate
t = 5 = time in years
So,
i = P*r*t
1075 = 1000*r*5
1075 = 5000r
5000r = 1075
r = 1075/5000
r = 0.215
r = 21.5%
