Based on the calculations, the interest rate on the stock in four (4) years is equal to 7.1%.
<u>Given the following data:</u>
Amount borrowed (Principal) = $22,000.
Simple interest, I = $78.40.
Time = 4 year.
To determine the interest rate on the stock in four (4) years:
<h3>How to calculate simple interest?</h3>
Mathematically, simple interest can be calculated by using this formula:
I = PRT
<u>Where:</u>
- S.I is the simple interest.
- P is the principal or starting amount.
- T is the time measured in years.
Making R the subject of formula, we have:
R = I/PT
Substituting the given parameters into the formula, we have;
R = 6260/(22,000 × 4)
R = 6260/(88,000)
Interest rate = 0.071 = 7.1%.
Read more on simple interest here: brainly.com/question/24341207
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Answer:
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You have to divide 4 by 8 which = .5 and then u put the whole # before the decimal which will equal 4.5 , therefore knowing that 5 divided by 8 =0.625 does not help u write the decimal for 4 4/8 but the decimal for 4 4/8 is 4.5
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so I divided 150 by 7.50 and it’s 20 tablets for 1.00 then I divided 50 by 3.00 and it’s 16 tablets for 1.00 so the bottle for 7.50 is a better deal
