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%.
4.7 as a fraction would be 4 and 7/10 (7 over 10).
Answer:
Solution given:
<6+24=180[co- interior angle]
<6=180-24=156°
<6=156°
Answer:
27.72
Step-by-step explanation:
Sorry about before i made a slight mistake