3/4 + 5/16
=12/16 +5/16
=17/16
=1 1/16
1) $600 deposited at 4% simple interest for one year generates:
$600 * 4% = $600 * 0040 = $24
2) If he wants to earn $132 in interest for the year, he yet needs to generate $132 - $24 = $108 (additional)
3) The interest rate to generate $108 on a deposit of $1200 in a year, at simple interest is:
$1200 * (r) = $108 => r = 108 / 1200 = 0.09 = 9/100 = 9%
Answer: 9%
Answer:
To find the slope, you divide the difference of the y-coordinates of 2 points on a line by the difference of the x-coordinates of those same 2 points .
Step-by-step explanation:
Khan Academy has videos explaining this on yt.
