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timama [110]
3 years ago
12

Mandy begins cycling west at 30 miles per hour at 11a.M. If Liz leaves from same point 20 minutes later bicycling west at 36 mph

when will catch Mandy
Mathematics
1 answer:
RoseWind [281]3 years ago
8 0

The answer is 1:00 PM


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On August 1, 2021, a company accepts an $8,000, 9-month note receivable. For 2021, the company reports interest revenue of $200.
erastova [34]

Answer:

6%

Step-by-step explanation:

We have to calculate the interest rate in the note, we must follow the following steps, calculate the amount of time remaining from the year 2021, as follows:

interest is for 5 months i.e. from Aug 01 to Dec 31 for year 2021 , so it means it would be 5/12 months.

We have to calculate the interest as follows:

I = P * R * T

We replace:

200 = 8000 * R * 5/12

we solve for R

200 * 12/5 = 8000 * R

R * 8000 = 480

R = 480/8000

R = 0.06

Which means that the interest rate on the note is 6%

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Evaluate the expression into simplest form
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