How much simple interest will $12,000 earn at 4.85% interest rate for 6 years?
1 answer:
Answer:
Result:
The interest is $1242.734 and the amount is $13242.734.
Step-by-step explanation:
STEP 1: Convert interest rate of 1.5% per month into rate per year.
STEP 2: Convert 210 days into years.
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Answer:
How are we supposed to know .???
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Step-by-step explanation:
Constant rate means its the same rate and didn't change over time
The answer is 95! Let me know if you need an explanation
Social Studies rate, S = 30/ 1.5 = 20pages/hr
Novel rate, N = 150/2 = 75pages/hr
Novel rate as a % of Social Studies rate...
N/S × 100% = 75/20 × 100% = 375%