Answer:
Annually: 2,610.56
Monthly: 2,619.13
Step-by-step explanation:
Answer:430,000
Step-by-step explanation:
Type it into your calculator and you get that number
Based on the information given, the simple interest rate that will be earned will be 13.6%.
- Principal = $5250
- Simple Interest = $6500- $5250 = $1250
- Time = 21 months = 1.75 years.
Simple Interest = PRT / 100
1250 = (5250 × 1.75 × R) / 100
Cross multiply
125000 = 9187.5R
R = 125000 / 9187.5
R = 13.6%
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It depends on how much gas is for 1 gallon
