Answer:
R = 1.2%
Step-by-step explanation:
<u>Given the following data;</u>
Principal = 425
Time = 2
Simple interest = 10.20
To find the annual interest rate;
Mathematically, simple interest is calculated using this formula;
Where;
- S.I is simple interest.
- P is the principal.
- R is the interest rate.
- T is the time.
Substituting into the equation, we have;
Cross-multiplying, we have;
<em>R = 1.2%</em>
<em>Therefore, the annual interest rate is 1.2 percent. </em>
Answer: C. 00:00 $927; Vince wrote the wrong number to represent the interest rate.
Step-by-step explanation:
Given that:
Amount borrowed (p) = 900
Simple interest (r) = 1.5% = 0.015
Time (t) = 2 years
Amount he'll pay back (A) :
A = P(1 + rt)
A = 900(1 + 0.015(2))
A = 900(1 + 0.03)
A = 900(1.03)
A = $927
Answer:
36
Step-by-step explanation:
because 65 and 79 make up for x
39/500 needs to be multiplied by 15, which results in 585/500. This is 1.17 as a decimal. 191/200 in diameter needs to be multiplied by 8, which equals 1528/200. This is 7.64 as a decimal.
