Answer:
6%
Step-by-step explanation:
Simple Interest formula:
S.I=P×R×T/100
where
S.I is simple interest
P is principle amount
R is Annual interest rate
T is time period
[usually represented as (number of months)/12]
so
$18=$400×R/100×9/12
simplify
$18=$3600R/1200
$18=$3R
so R=$18/$3
=6
Therefore,
The Annual Interest Rate is 6%
Check the picture below.
let's firstly convert the mixed fractions to improper fractions.
![\stackrel{mixed}{7\frac{1}{2}}\implies \cfrac{7\cdot 2+1}{2}\implies \stackrel{improper}{\cfrac{15}{2}} ~\hfill \stackrel{mixed}{12\frac{1}{2}}\implies \cfrac{12\cdot 2+1}{2}\implies \stackrel{improper}{\cfrac{25}{2}} \\\\[-0.35em] ~\dotfill](https://tex.z-dn.net/?f=%5Cstackrel%7Bmixed%7D%7B7%5Cfrac%7B1%7D%7B2%7D%7D%5Cimplies%20%5Ccfrac%7B7%5Ccdot%202%2B1%7D%7B2%7D%5Cimplies%20%5Cstackrel%7Bimproper%7D%7B%5Ccfrac%7B15%7D%7B2%7D%7D%20~%5Chfill%20%5Cstackrel%7Bmixed%7D%7B12%5Cfrac%7B1%7D%7B2%7D%7D%5Cimplies%20%5Ccfrac%7B12%5Ccdot%202%2B1%7D%7B2%7D%5Cimplies%20%5Cstackrel%7Bimproper%7D%7B%5Ccfrac%7B25%7D%7B2%7D%7D%20%5C%5C%5C%5C%5B-0.35em%5D%20~%5Cdotfill)
![\stackrel{\textit{\Large Areas}}{\stackrel{two~triangles}{2\left[ \cfrac{1}{2}\left(\cfrac{15}{2} \right)(10) \right]}~~ + ~~\stackrel{\textit{three rectangles}}{(10)(15)~~ + ~~\left( \cfrac{15}{2} \right)(15)~~ + ~~\left( \cfrac{25}{2} \right)(15)}} \\\\\\ 75~~ + ~~150~~ + ~~112.5~~ + ~~187.5\implies \boxed{525}](https://tex.z-dn.net/?f=%5Cstackrel%7B%5Ctextit%7B%5CLarge%20Areas%7D%7D%7B%5Cstackrel%7Btwo~triangles%7D%7B2%5Cleft%5B%20%5Ccfrac%7B1%7D%7B2%7D%5Cleft%28%5Ccfrac%7B15%7D%7B2%7D%20%5Cright%29%2810%29%20%5Cright%5D%7D~~%20%2B%20~~%5Cstackrel%7B%5Ctextit%7Bthree%20rectangles%7D%7D%7B%2810%29%2815%29~~%20%2B%20~~%5Cleft%28%20%5Ccfrac%7B15%7D%7B2%7D%20%5Cright%29%2815%29~~%20%2B%20~~%5Cleft%28%20%5Ccfrac%7B25%7D%7B2%7D%20%5Cright%29%2815%29%7D%7D%20%5C%5C%5C%5C%5C%5C%2075~~%20%2B%20~~150~~%20%2B%20~~112.5~~%20%2B%20~~187.5%5Cimplies%20%5Cboxed%7B525%7D)
The length of the line is the difference between the endpoints of the line
The length of each line to the nearest fourth inch is 0.25 inch
<h3>How to measure the length of each line</h3>
The length of the horizontal line is given as:
Length = 2 inches
This is calculated as:
Length = 3 inches - 1 inch
Length = 2 inches
8 lines are to be drawn between the 1 inch and 3 inches point.
So, the length (l) of each line is:

Simplify the fraction

Divide

Hence, the length of each line to the nearest fourth inch is 0.25 inch
Read more about line measurements at:
brainly.com/question/14366932
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Yes your answer is correct