We need to use the formula for simple interest which is
I= prt
Where I is the amount of money you earned or pay in interest
p is the principal, the amount you deposited or borrowed
r is the interest rate expressed as a decimal
t is time in terms of years
In this problem, I= 1,680
p= 3000
t= 8
'. r is what we are looking for.
Substituting the numbers into the simple interest formula, we get
I=. p r t
1,680=(3000)(r)(8). Multiplying
1,680= 24,000r Divide both sides by 24,000
0.07= r
So, the percentage is (0.07)(100)= 7%...
Answer:
59.4
Step-by-step explanation:
Answer:
a^2 + 4a/b + 4/b^2
Step-by-step explanation:
Which of the following is equivalent to (a + b/2) ^2?
4.56 rounded to the nearest whole number is 5