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masya89 [10]
3 years ago
6

Fill in the blanks.

Mathematics
1 answer:
zhannawk [14.2K]3 years ago
6 0

Answer:

r=5%

New balance=$ 517.5

Step-by-step explanation:

We use the simple interest formula:

I=prt.

to determine the rate per annum of a principal of $450 that is invested for 3 years and earned an interest of $ 67.5

We substitute to get:

67.5=450×r×3

r =  \frac{67.5}{3 \times 450}

We simplify to get:

r = 0.05

The rate of interest is 5%

The new balance is

Principal + Interest.

= 450 + 67.5

= 517.5

The new balance $517.5

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