What is 24.76 in a mixed fraction
2 answers:
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Using the simple interest formula, it is found that the APR for the loan is of 4.472%.
<h3>What is the simple interest formula and when it is used?</h3>Simple interest is used when there is a single compounding per time period.
The amount of money after t years in is modeled by:
In which:
- A(0) is the initial amount.
- r is the interest rate, as a decimal.
The parameters for this problem are:
A(t) = 6 x 511.18 = 3067.08, A(0) = 3000, t = 0.5.
We solve the equation for r to find the APR.
1 + 0.5r = 1.02236
r = (1.02236 - 1)/0.5
r = 0.04472.
More can be learned about simple interest at brainly.com/question/25296782
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Answer:
Hello!!
If a water bottle contains 500mL of water and your goal is to drink 4L of water each day then the water bottle is of your daily goal.
Step-by-step explanation:
500mL = 0.5L
1000mL = 1L
1500mL = 1.5L
2000mL = 2L
2500mL = 2.5L
3000mL = 3L
3500mL = 3.5L
4000mL = 4L
Hope this helps!!