6% or 0.06 is the simple interest rate the bank pays him.
<u>Step-by-step explanation:</u>
Sir Ving Spoon earned $5,436 on his $7,550 certificate of deposit.
From this given information,
It can be determined that the Principal amount is $7550 and the interest amount is $5436.
The CD is for 12 years. Therefore, the number of years is 12.
<u>To find the interest rate (r) :</u>
Using the simple interest formula,
Interest = P×r×t
where,
- P is the principal amount = $7550
- r is the rate of interest.
- t is the number of years = 12
⇒ 5436 = 7550 × r × 12
⇒ 5436 = 90600 × r
⇒ r = 5436 / 90600
⇒ r = 0.06
Multiply by 100 to represent in rate %
⇒ r = 0.06 × 100
⇒ r = 6%
∴ 6% or 0.06 is the simple interest rate the bank pays him.
Answer:
Square and cube numbers are special sequences of numbers that are linked to the property of the shape they are named after. A square number relates to the area of a square. A cube number relates to the volume of a cube.
Step-by-step explanation:
Answer:
The slope intercept form of a line is: y=mx+b.
Step-by-step explanation:
your answer is (a)
gimme brainliest
Answer:
The second one.
Step-by-step explanation:
Slope intercept is rise/run. The y-axis goes up by 4 (rises by 4), and the x-axis goes to the right by 5 (runs by 5).
If we use the surface of the water as our frame of reference, then Christy's vertical position could be represented by -12 ft.
