I = p * r * n
i is the interest
p is the principal
r is the interest rate per time period
n is the number of time periods.
in your problem:
i = 900
p = 2000
r = what you want to find
n = 3 years
formula becomes 900 = 2000 * r * 3
solve for r to get r = 900 / 2000 / 3 = .15
that's .15 interest rate per year = 15% per year.
at a nominal interest rate of .15 per year, the interest rate per month would be .15/12 = .0125 per month.
the remaining balance at the end of 6 month is equal to 1907.140183
Answer:
5 3/4
Step-by-step explanation:
575/100==23/4=5 3/4
Answer:
A. $130.50
B. 150%
C. 50%
Step-by-step explanation:
First, find 50% of 87 and add it to find the new price.
87 x 0.5 = 43.5
87 + 43.5 = 130.5
Then, find the percent by doing 130.5 ÷ 87, which is 150%
Calculate the percent increase by doing (130.5-87) ÷ 87, which is 50%
The correct answer would be x= (-64)
