The balance B at the end of time t is given by
B = P +Prt
8250 = 6000 +6000*r*12.5 . . . . substitute the given information
2250 = 6000*r*12.5 . . . . . . . . . . .subtract 6000
2250/(6000*12.5) = r . . . . . . . . . .divide by the coefficient of r
r = .03 = 3%
Clint earned 3% annual simple interest on his savings.
The answer to this is .15%
Answer:
456
Step-by-step explanation:
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Answer:
12
Step-by-step explanation: