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%.
Answer:
Lucas monthly net pay is $1758
Step-by-step explanation:
Lucas works for a salary of $2,396 per month.
His deductions include $360 of federal income tax,
$148 for Social Security,
$35 for Medicare, and
a $95 insurance premium.
Now,
2396 - 360 - 148 - 35 - 95 = 1758
Thus, Lucas monthly net pay is $1758
<u>-TheUnknownScientist</u>
Lol I'll just comment to get 5 points
<span>100 is not divisible by 3 when u divide 100 by 3 u get 33.333333...... not 3.33333.....
the good explanation of your answer is that 0.999999....is equal to 1
we can prove it by the following way:
let x=0.9999....
then 10x = 9.999999.....
subtract we will get 10x - x = 9.9999....- 0.99999......
which gives us 9x = 9 and therefore x =1
i hope this will help u with your confusion....... :)</span><span>
</span>
Answer:
Jason is incorrect.
The caterpillar's rate is 2 ft/min
Step-by-step explanation:
The rate of motion is defined as the quotient between the distance covered (in our case 16 feet) divided by the time it took to cover that distance (in our case 8 minutes)
Then, the rate is:
