What plus what equals a half
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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%.
The coordinate for point P which is one-third the length of the line segment from a to b is (-4, -5)
<h3>What is an equation?</h3>An equation is an expression that shows the relationship between two or more variables and numbers.
Point a is at (-8, -13) and point b is at (4, 11). Hence the coordinates for point p(x, y) which is one-third the length of the line segment from a to b is:
The coordinate for point P which is one-third the length of the line segment from a to b is (-4, -5)
Find out more on equation at: brainly.com/question/2972832
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